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INCOME TAX RETURN FILING
INCOME TAX FILING

SIMPLE AND TRANSPARENT PRICES

ITR-1

Basic Package

Rs. 499
(All Inclusive)
 
Income tax return filing for an individual with salary income of less than Rs.5 lakhs.

ITR-1

Standard Package

Rs. 799
(All Inclusive)
 
Income tax return filing for an individual with salary income of less than Rs.10 lakhs.

ITR-1

Premium Package

Rs. 999
(All Inclusive)
 
Income tax return filing for an individual with salary income of More than Rs.10 lakhs.

Its is compulsory for individuals, partnership firms, LLPs, Companies, Trust to file income tax returns each year.

Individuals  are required to file income tax return, if their income exceeds the basic exemption limit.

Partnership firms, LLP and Companies are required income tax return – irrespective of amount of income or loss. 

Finally, it is mandatory for most types of trust to file income tax every year, while some types of trusts are required to file return of income if its gross total income exceeds the exemption limit.

Income tax return form is to filed electronically. Income tax returns do not have the ability to accept any attachment while efiling Hence, all relevant documents pertaining to the income tax filing like proof of investment, TDS certificates, pay slip, rent receipt, etc.) must be retained by the taxpayer and should be readily available if requested by tax authorities during assessment, inquiry, etc.

All India Filing is the largest business services platform in India, offering Serivces for Individual to filing their ITR with Salary Income.

ITR Filing Due Date 2018-19 :

The due date for filing ITR for 2018-2019 for Individuals/Body of Individuals (BOI)/Hindu Undivided Family (HUF) /Association of Persons (AOP) is 31st July, 2018. Individuals whose accounts need to be audited must file their IT Returns by 30 Sep 2018. Individuals who are required to provide a report as has been referred to in section 92E, must file their returns by 30th Nov 2018.

Income Tax :

Income Tax is a kind of tax that is imposed by the government directly on the annual income of an individual. Income tax is imposed on both earned and unearned income. Earned income includes salary, wage, etc., and unearned income includes interest, rent, etc. Every Indian citizen who earn an income have to pay income tax at the end of the financial year. The interest rate varies depending on the income tax slab.

Income Tax Slab

(Declared in the Budget for Financial Year 2018 – 2019) :

For Individuals and HUF (Age – Below 60 years) :

Income Tax SlabTax Rate
Up to Rs.2,50,000NIL
Above Rs.2,50,000 and up to Rs.5,00,0005%
Above Rs.5,00,000 and up to Rs.10,00,00020%
Above Rs.10,00,00030%

*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.

*15% of tax will be taken paid as surcharge if total income is above Rs.1 crore.

For Individuals and HUF (Age – 60 years and above, but below 80 years) :

Income Tax SlabTax Rate
Up to Rs.3,00,000NIL
Above Rs.3,00,000 and up to Rs.5,00,0005%
Above Rs.5,00,000 and up to Rs.10,00,00020%
Above Rs.10,00,00030%

*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.

*15% of tax will be taken as surcharge if total income is above Rs.1 crore.

For Super Senior Citizens (Age – 80 years and above) :

Income Tax SlabTax Rate
Up to Rs.5,00,000NIL
Above Rs.5,00,000 and up to Rs.10,00,00020%
Above Rs.10,00,00030%

*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.

*15% of tax will be taken as surcharge if total income is above Rs.1 crore.

Income Tax Slab (2016 – 2017) :

For Individuals and HUF (Age – Below 60 years) :

Income Tax SlabTax Rate
Up to Rs.2,50,000NIL
Above Rs.2,50,000 and up to Rs.5,00,00010% of the amount exceeding Rs.2,50,000
Above Rs.5,00,000 and up to Rs.10,00,00020% of the amount exceeding Rs.5,00,000
Above Rs.10,00,00030% of the amount exceeding Rs.10,00,000

*12% surcharge has to be paid if total income is more than Rs.1 crore.

For Senior Citizens (Age – 60 years and above, but below 80 years) :

Income Tax SlabTax Rate
Up to Rs.3,00,000NIL
Above Rs.3,00,000 and up to Rs.5,00,00010%
Above Rs.5,00,000 and up to Rs.10,00,00020%
Above Rs.10,00,00030%

*12% surcharge has to be paid if total income is more than Rs.1 crore.

For Super Senior Citizens (Age – 80 years and above) :

Income Tax SlabTax Rate
Up to Rs.5,00,000NIL
Above Rs.5,00,000 and up to Rs.10,00,00020%
Above Rs.10,00,00030%

*12% surcharge has to be paid if total income is more than Rs.1 crore.

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