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Personal Tax filing

Income tax eFiling for salaried individuals and business persons. File ITR-1 to ITR-7 tax returns by importing Form 16 or Form 26AS documents on Tax Rupees @Rs449.

Basic Plan

Basic Plan

449 incl. GST
899 (50% off)
 
  • Personal Tax return filing for an individual with salary income.
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Standard Plan

Standard Plan

899 incl. GST
1634 (45% off)
 
  • Personal Tax return filing for individuals having NRI income, directorship, shareholding in private company or more than 2 house property.
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Premium Plan

Premium Plan

2199 incl. GST
3665 (40% off)
 
  • Personal Tax return filing for individuals having share trading income or capital gains.
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Personal Tax filing

Documents Required For Personal Tax filing

Aadhar Card
Bank Statement
FORM 16
Investment Proofs(LIC Reciept,Medicliam Reciept,Insurance Reciept, Mutual Funds, Tution Fee, House Loan Slip, Donation Reciept, PF, NPS,
Loan Schedule
PAN Card
Return Type Applicability
ITR-1 ITR-1 form can be used by Individuals who have less than Rs.50 Lakhs of annual income earned by way of salary or pension and have one house property only.
ITR-2 ITR-2 form must be filed by individuals who are NRIs, Directors of Companies, shareholders of private companies or having capital gains income, income from foreign sources, two or more house property, income of more than Rs.50 lakhs.
ITR-3 ITR-3 form must be filed by individuals who are professionals or persons who are operating a proprietorship business in India.
ITR-4 ITR-4 form can be filed by taxpayers enrolled under the presumptive taxation scheme. To be enrolled for the scheme, the taxpayer must have less than Rs.2 crores of business income or less than Rs.50 lakhs of professional income.
ITR-5 ITR-5 form must be filed by partnership firms, LLPs, associations and body of individuals to report their income and computation of tax.
ITR-6 ITR-6 form must be filed by companies registered in India.
ITR-7 ITR-7 form must be filed by entities claiming exemption as charitable/religions trust, political parties, scientific research insitutions and colleges or universities.
Its is mandatory for individuals, NRIs, partnership firms, LLPs, companies and Trust to file income tax returns each year. Individuals and NRIs are required to file income tax return, if their income exceeds Rs.2.5 lakhs per annum. Proprietorship firms and partnership firms are required income tax return - irrespective of amount of income or loss. All companies and LLPs are mandatorily required to file income tax return, irrespective of turnover or profit. IndiaFilings provides income tax efiling services with dedicated Tax Expert support. Upload your Form-16, sit back and relax. Our experts will file your income tax return and provide you the acknowledgement within 1 - 2 businessdays.

Penalty for Late Filing Income Tax Return
Taxpayers who do not file their income tax return on time are subject to penalty and charged an interest on the late payment of income tax. Also, the penalty for late filing income tax return on time has been increased recently. The penalty for late filing income tax return is now as follows:
  • Late Filing between 1st August and 31st December - Rs.5000
  • Late Filing After 31st December - Rs.10,000
  • Penalty if taxable income is less than Rs.5 lakhs - Rs.1000

Income Tax Return Due Date
The due date for income tax return filing is 31st July of every year for individual taxpayers. The due date for income tax return filing for companies and taxpayer requiring tax audit is 30th September. Section 44AD of the Income Tax Act deals with tax audit under Income Tax Act.

Business
In case of a business, tax audit would be required if the total sales turnover or gross receipts in the business exceeds Rs.1 crore in any previous year.

Professional
In case of a profession or professional, tax audit would be required if gross receipts in the profession exceeds Rs.50 lakhs in any of the previous year.

Presumptive Taxation Scheme
If a person is enrolled under the presumptive taxation scheme under section 44AD​ and total sales or turnover is more than Rs. 2 crores, then tax audit would be required.

FAQ

If you don't see an answer to your question, you can send us an email from our contact form.

It's a recommended structure through which an individual can outfit the subtleties of his/her pay acquired through various kinds of revenue and duties paid for the significant monetary year to the Income Tax Department

YES, you are expected to record your annual expense form in the event that your pay surpasses Rs. 2,50,000 in a Financial Year for example the essential exception limit without giving impacts to an deduction/investments.

E-Filing is compulsory in specific cases. For instance, assuming your complete pay surpasses Rs. 5,00,000 p.a. or on the other hand to guarantee discount then you are obligatorily expected to e-record your Income Tax Return. It is a lot less difficult interaction than recording a paper return and furthermore your discounts are handled quicker assuming that your return has been E-Filed.

You can yourself e-record your return with us free of charge by utilizing our site. It is a basic, secure, and completely computerized stage for you to document your Income Tax Return. Assuming you need a specialist helping you through this interaction, you can purchase our 'CA-Assisted Plans' beginning from just Rs. 299 as it were.

Excluded Incomes are not chargeable to burden according to Income Tax regulation for example they are excluded from the complete pay with the end goal of expense estimation while Taxable Incomes are chargeable to burden under the Income Tax regulation.

No, you can't guarantee derivation for individual consumptions while figuring your annual duty according to the Income Tax Laws.

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