Income from dividend, capital gains, family pension One-time income (winnings from lotteries, horse race, etc.) An ITR is a worksheet that shows a person's tax liability. If a person has paid more than what they're liable for, it will be reflected on the ITR and they can claim a re...
ITR-1 (Sahaj) for salaried individuals with income from salary, one house property, and other sources such as interest. ITR-2 for individuals and HUFs with capital gains or foreign income, but no income from business/profession. ITR-4 (Sugam) for individuals with business income and presumpti...
1. Salaried Individuals Any individual whose annual total salary or income exceeds the tax exemption limit is compulsory for income tax return filing. 2. Firms or Businesses Regardless of profit or loss, all businesses, firms, LLPs, etc., have to file income tax returns mandatorily. 3. Direct...
ITR now come with astandard deduction, For Salaried and Pensioners. While filing ITR, the maximum amount ofstandard deductionthat can be claimed by asalaried individual/pensionerisRs 40,000for the financial year 2018-19, as shown in the image below (It was increased to 50,000 Rs for FY 201...
File your FY 2023-25 (AY 2025-25) Income Tax Returns online easily with Myitronline. Upload Form-16, check TDS, refund status. Trust us for tax solutions.
INCOME TAX RETURN FILING- SALARIED PERSON INCOME TAX RETURN FILING- BUSINESS/ ENTERPRISE Basic ₹ 599 Salary/Pension (Single Form 16) Single House Property Income Agricultural Income Income from Interest & Dividends Deductions from Income (80C/80D etc.) ...
Education is not cheap. Most of us have opted for an education loan. One of the benefits of ITR filing is that we can claim a deduction oninterest paid on education loans HRA (House Rent Allowance) Salaried individuals living in a rented house can claim HRA, if not included in salary, ...
Salaried, Capital Gains (Stock investor), Foreign Income , NRIs, Business. Upload/mail Document You can either upload the Documents on our portal or E-mail them to us. Answer Callback from Experts Our experts will listen to your queries and solve them in no time. ...
Revised returns aremore likelyto be chosen for scrutiny and if any omission is found purposeful, especially if income has been revised higher, you could be penalized with a fine or even imprisonment. If revised return is filed to correct a bonafide mistake then no penalty can be levied, othe...