2 ) Choose the right Income Tax form– If you are salaried person and have no Income from Business & profession, then it is likely that you need to file return in ITR 1 or ITR 2 or ITR 2A. There are some conditions that who can file return in ITR 1 –( Read my post on Which ...
Online filing of ITR mandatory: In a departure from the previous year, all individuals (except for super senior citizens i.e above 80 years of age) will be required to file their ITRs electronically. The ITR-1 for FY 2018-19 cannot be filed in paper format by the taxpayers having income...
Explore the crucial role of income tax filing in personal and national development. Get a detailed guide on how to file your Income Tax Returns (ITR).
ITR What is ITR ITR for Salaried Employees My ITR Status How to get ITR ITR Quick Questions Not Filing ITR Get tax return online Tax Return Wrong Why Do We File ITR Check ITR When Should We File ITR Who Should File ITR Purpose of Filing IT Returns TDS TDS Calculation Check my TDS amou...
or should I have to file ITR for those years now. I was not taxable during those years after deducting my deductions under 80C. Please advise me. Reply S.K Pradhanon December 30, 2016 at 10:22 AM I have filed the income tax return for the period A.Y-2016-17 in the form ITR 4,...
“How Income Tax is Calculated on Salary?”– Navigating the labyrinth of income tax calculation in India, particularly for salaried individuals, can be akin to solving a complex puzzle. Fear not, for it’s a crucial puzzle to unravel in the realm of personal finance. Income Tax Calculator ...
Do remember that as in case of other TDS, any TDS done with respect to your EPF withdrawal will also reflect in your Form 26AS. You have to show it in your ITR. EPF Form 15G – How to fill online for EPF withdrawal? Now you have understood the TDS rules applicable to EPF and als...
Forsalaried people, TDS is deducted by the employer from salary but if you have sources of income like interest on deposits and your tax liability for the year exceeds Rs 10,000 after your employer has deducted the TDS then you have to pay Advance Tax. Senior citizen (age of 60 years ...
if you forget to claim it then you can revise your return within a specified period of time and claim the refund in the revised return. When you file the ITR if tax paid is more than tax due you would see the income tax refund amount due to you as shown in the image below. The ...
The deposit under this Scheme shall be made by any person who intends to declare undisclosed income under sub-section (1) of section 199C of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. Declarant of undisclosed income needs to pay 30% tax, 10% penalty an...