ITR filing for salaried individuals having income less than Rs. 50 lacs
Plan Features:
Are you looking for ITR filing for salaried individuals( income below Rs. 50 lacs) or finding the process of filing your Income Tax Return overwhelming? Look no further! TaxHelpdesk offers comprehensive ITR filing services tailored specifically for salaried individuals like you, making the entire process simple, convenient, and stress-free.
ITR Filing for Salaried Individuals Services Provided:
– ITR filing for salaried individuals having income less than Rs. 50 lacs with single or numerous Form 16.
– Opting for the best suitable tax regime
– Declaration of income from house property
– Declaration of interest and dividend income
– Claiming of all the exemptions, allowances and deductions
– Tax payment and tax refund status
– TaxHelpdesk’s income tax expert consultation
Plan is applicable for:
This plan is inapplicable to
– Individuals having income more than Rs. 50 lacs
– Non-resident Indian
– If you have income from capital gains
– Individual who is a director in a company
– Shareholder in a company
– Individuals having dividend income above Rs. 10 lacs
Documents Required:
– PAN Card copy
– Aadhaar Card copy
– Bank account details
– Email and mobile number
– Form 16
– Form 26AS
– Housing loan interest certificate
– Interest certificate
– House Rent details
– Bank statement
– Receipts for deductions
FAQs
You have to mandoratily file the Income Tax Return if your total income exceeds the threshold limit of Rs. 2.5 lacs. Having said that, even if your income does not exceed Rs. 2.5 lacs, you still consider filing your income tax return to avail the income tax benefits that comes only with filing ITR.
The due date for filing ITR for the Financial Year 2022-23 is 31st July 2023. However, this date may be subject to change by the government.
Yes, you can re-submit return in case you have already filed your Income Tax Return and later discover that you have made a mistake. This is called a Revised Return. Your return has to be revised three months before the end of the relevant AY. For AY 2022-23.
In case you miss filing the ITR within the due date u/s 139(1), you can still file your Income Tax Return but you maybe required to pay a late filing fee of up to ₹5000/-. Additionally, you will also be required to pay interest on the tax liability (if any).
Yes, employers and banks deduct tax at source on salary and interest income respectively. You still need to disclose the income on which tax has been deducted and claim credit for TDS in the Income Tax Return.
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