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ITR for Salaried Individuals

ONLY at ₹2,360/- all inclusive*

Inclusions:

  • Filing of ITR -1/ITR-2
  • Preparation of Computation
  • Tax Planning

*Inclusive of GST.

 

 

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    List of Documents required

    • Form 16 from the Employer
    • Income Tax Login Credentials
    • Any other Income details
    • Bank Account No and IFSC Code
    • Tax Saving Investments and Deductions

    HOW DOES IT WORK?

    Eligibility criteria

    ITR – 1

    • You are an Individual.
    • You have an income from Salary / Pension.
    • You have income from 1 House Property.
    • You earn any Exempt Income (like agricultural income) Up to Rs.5,000.
    • You have income from Other Sources (excluding income from lotteries, racehorses, gambling, etc.)

    ITR – 2

    • You are an Individual or a HUF.
    • You have an income from Salary / Pension.
    • You earn income from more than one Property.
    • You earn an income from Other Sources (including income from lotteries, racehorses, gambling, etc.)

    Income reportable under itr-1

    • Salary- Salary should be included under ITR 1 even if the employer has not yet made the payment.
    • Family pension- Family pension should be included under ITR 1 only if the following conditions are satisfied:
      • The pension is payable every month
      • The pension is paid to a family member of a deceased employee
      • The family member has a right to receive the pension regularly as per the terms of the agreement between the employer and the employee
    • Income from house property- House property income should be included under ITR 1 only if the following conditions are satisfied:
      • The assessee does not have more than one house property
      • The assessee does not claim any loss under the house property head
    • Income from other sources- The assessee may be having income from lottery and income from racing horses. ITR 1 should not be used to report such incomes.

    ANSWERING YOUR QUERIES

    Can I file ITR 1 if i am a director in any company?

    In case of being a director or holding any unlisted shares, he/she has to file ITR-2 or ITR-3 as per the applicability

    What is the due date to file ITR-1?

    ITR-1  has to be filed before 31st July every year. However, Government has been extending the due dates during several years owing to different scenarios

    Can i file ITR 1 if there are multiple salaries income during thyear?

    No. In such case, ITR-2 has to be filed

    Is it possible to file ITR-1 if my salary is more than 50 lacs?

    An individual having income more than 50 lacs have to report in ITR-2 or ITR-3 as the case may be

    Still Have Queries?

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