Income Tax Return filing for Salaried Individuals

Every individual earning taxable Income above Rs.250,000 in a financial year must file their Income Tax Return, determine tax liability and pay taxes to govt. within prescribed time.
Individuals earning Income from Salaries, House Property Rental Income and Interest Income from Investments can easily file their Income Tax return with our CA assisted filing plans.
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Quick and Easy Income Tax Return filing for Individuals
India Kickstart packages start at Rs. 599/-* onwards

Our service offering

  • Income Source
    Individual can file their return for Income from Salary, House Property, Interest and other sources as per packages opted
  • Income Tax Filings
    Income Tax Return preparation and e-filings for individuals/HUF
  • CA Assisted Review
    Our dedicated expert CA will prepare and review Return filings

* Taxes extra

Income Tax Return Filings for Salaried Individual

An Individual having taxable Income above Rs.250,000/- for the financial year is required to file Income Tax Return before 31st July of the following year.
Salaried Persons who are in employment earning Salary Income and gets form 16 from their employer which provides details of their Gross Salary Income earned with Basic and other component of salary for the financial year, details of tax-free allowances, deductions, Advance Tax and TDS paid in their Return of Income. It also provides information on Tax deductible investments made, donations, Mediclaim and PF contributions made by employee which can be used for further tax savings.
There may be other items like Arrears of Salary earned, Bonus/ Incentives paid which needs to be computed in Tax Computations.
Further details of Income earned from Saving Banks Account, Fixed Deposits, Rental Income from house property and other source income to be disclosed in Tax return.
India Kickstart experts will easily file your Income Tax Returns ensuring accurate computations, timely filings and maximize tax savings.
All your queries on Income Tax Returns and filing worries will be handled by India Kickstart experts at just a click away.

Why to use India Kickstart Return filing Platform?

  • Completely Online, saves time and offers comfort
  • Maximize Tax Savings
  • 100% Accuracy and Timely Compliances guaranteed
  • Highly Affordable and comprehensive plans suits every needs
  • Expert CA assisted filing with Business Hour Support
  • Secured, Transparent and Confidentially assured
  • Avoids Penalty and prosecutions
  • Beyond Satisfaction Customer Service
  • Complete briefing on Govt. Process
  • Regular updates on Tax laws

Check out our exclusive Packages tailor-made to your requirements.

 

A. INCOME TAX RETURN FILING FOR RESIDENT INDIVIDUALS (SALARIED) (Put Tick Mark icons instead of present icons given in the table)

Rs. 599/- Rs. 999/- Rs. 1,799/-*
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Res. Individual with
–          Salary
–          Interest Income
–          Home Loan
Res. Individual with

– Salary
– Interest
– Home Loan
– Rental Income

-Multiple Form 16

Res. Individuals

–          All income covered

–    Excludes Capital Gains and Business Income

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Exclusions: Business Income & Income from Capital Gains for which add-on package to be subscribed.
Still have doubts on right package applicable to your business or did not found what you’re looking for? Talk to us, fill up Enquiry form and get contacted by our experts to resolve queries.

Frequently Asked Questions

A. Income tax is tax levied on the income earned by a person as per the in accordance with Income Tax Act 1961. It is levied on income earned during the year starting from 1 April and ending 31st march.

A. Every person is liable to pay tax in India if their Income is more than the taxable income notified by the government in the slab rates. Company and Firms are liable to pay tax on profits earned from business without any slab rate.
Following persons are liable to pay Income Tax and file their returns:
• An Individual
• A Hindu Undivided Family(HUF)
• A Company
• A Firm
• An Association of Persons (AOP) or a Body of Individuals (BOI)
• A Local Authority
• Artificial juridical persons

Previous year means the financial year in which income is earned by the taxable persons. Assessment year means the year following the financial year or previous year, in which Income is charged to Tax. E.G. For the Financial year 2016-17, Previous year is considered as 2016-17 for which income is earned, however Income Tax calculation and return will be filed for Assessment Year 2017-18. Practically, both refers to the same year.

As per Income Tax Act, every person earning taxable income during financial year is required to give detailed statement of his Income and taxes thereon to Govt. by filing Income Tax Return ( prescribed forms by govt. as per nature of income earned by persons) and make payment of taxes as per due dates prescribed.

Type of Tax Payer Due Date of Income Tax Return
Every Tax Payer not liable for audit U/s. 44AB

(covers Individual, HUF, Firm, LLP,AOP,BOI)

31st July
Company 30th September
Persons whose accounts are required to be Audited by Chartered Accountant U/s.44AB 30th September
Working Partner in a Firm or LLP, where Firms accounts are subject to Audit 30th September
Every person (not covered under audit) and claiming Loss to be carried forward to future years 31st July

The return can be submitted after due date u/s 139(4). An assessee who fails to file return within due date will have to pay interest u/s 234A. Moreover a belated return i.e. return filed after due date cannot be revised.

If you have filed original return within due date prescribed, then one can easily file revise return for rectification of errors committed in Original return. Revised Return can be filed before 31st March of the assessment year. i.e. For AY 16-17, If original return is filed by say 31st July 2016, then Revised return can be filed upto 31st March, 2017 for rectification purpose.

Under Income Tax Laws, Income of person is assessed under five heads of Income as follows:
• Income from Salary
Salary income earned from employment is primarily reported under this head
• Income from House Property
Rental Income from house property is computed and reported here
• Income from Business and Profession
Net Profit or Loss from Business and profession, Salary and Income from Partnership firms earned by partners are reported under this head.
• Income from Capital Gains
Gains and Loss on sale of Capital Assets (like property, shares, mutual funds, Jewellery etc) are reported under Capital Gains
• Income from Other Sources
All other residual nature of income earned gets reported under “Other Sources”, like Bank interest, investment incomes, Dividends etc.

Yes Ofcourse, TDS deduction and payment is obligation of the deductor. While your obligation is to report Complete Income earned from all sources during previous financial year, compute taxes thereon, claim TDS, Advance Tax and file tax return within due dates.

No, documents are not required to be attached with the return. However one should preserve these documents as proof in case demanded by tax authorities or during the course of assessment.

26AS is a consolidated statement showing the tax credit associated with each PAN. It shows how much tax has been received by government by way of TDS deposited by deductor (employer, bank) on our behalf, Advance tax deposited by us, self-assessment tax deposited etc. It is important to match tax payments and TDS deducted with 26AS before filing your income tax return to get tax credit as we can take tax credit of only those items appearing in our 26AS..

Every taxpayer registered with Income Tax portal or TDS portal can generate Form 26AS online by logging to their account with Income Tax department. The same can be downloaded by taxpayer, without waiting for TDS Certificate from the deductor.

Yes, If Tax as per Income Tax return filed by you is less than TDS deducted by your deductor or advance tax deposited, you can claim Refund of taxes in your return and the same is generally paid within 2 months from date of filing of verified return.

It is mandatory compliance and legal obligation to file tax return if you have taxable income as per Income Tax Act. Apart from this, Tax return filing also helps in getting Bank loans and mandatory documents asked by bankers, getting visas and act as valid legal evidence of income earned by person during financial year.

Filing of tax return is a legal obligation for persons having taxable income in India. If you fail to do so, various penal provisions can be initiated against you including levy of Penalty of Rs.5,000/- for non-filing, initiating enquiry and scrutiny, fine upto 300% of tax payable for undisclosed income along-with substantial interest outlay with lot of legal hurdles. It is advisable to file the return and pay taxes on time and buy peace of mind and satisfaction.

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