ITR Service for Salaried Individuals

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Income Tax Return Service for Salaried Individuals - TaxVax

Income Tax Return has to be filed annually declaring the income earned, tax deducted, tax paid, and net tax liability for a particular year. Every Person earning a certain income has to file their return be it Individual, HUF, Firm, Company, or any other type of entity.

Pricing Details

  • Resident
  • Salary less than 50 lacs
  • Salary more than 50 lacs
  • More than one House Property
  • Other income upto 10 lacs
  • Other income more than 10 lacs
  • Director or Shareholder
  • Capital Gains
  • Income earned outside India
  • Income earned in India by NR
  • DTAA Guidance

Plan 1

₹599/-
  • Resident
  • Salary less than 50 lacs
  • Salary more than 50 lacs
  • More than one House Property
  • Other income upto 10 lacs
  • Other income more than 10 lacs
  • Director or Shareholder
  • Capital Gains
  • Income earned outside India
  • Income earned in India by NR
  • DTAA Guidance

Plan 2

₹1,199/-
  • Resident
  • Salary less than 50 lacs
  • Salary more than 50 lacs
  • More than one House Property
  • Other income upto 10 lacs
  • Other income more than 10 lacs
  • Director or Shareholder
  • Capital Gains
  • Income earned outside India
  • Income earned in India by NR
  • DTAA Guidance

Plan 3

₹2,499/-
  • Resident
  • Salary less than 50 lacs
  • Salary more than 50 lacs
  • More than one House Property
  • Other income upto 10 lacs
  • Other income more than 10 lacs
  • Director or Shareholder
  • Capital Gains
  • Income earned outside India
  • Income earned in India by NR
  • DTAA Guidance

Plan 4

₹3,999/-
  • Resident
  • Salary less than 50 lacs
  • Salary more than 50 lacs
  • More than one House Property
  • Other income upto 10 lacs
  • Other income more than 10 lacs
  • Director or Shareholder
  • Capital Gains
  • Income earned outside India
  • Income earned in India by NR
  • DTAA Guidance

Terms & Conditions:

  1. We will ask for your KYC information, including PAN, Aadhaar and Bank Account Details, which are required to file your return of income.
  2. We will require you to share the form 16 received from the company. If no form 16 is received we may ask you to provide a salary slip.
  3. We however, will never ask for your login credentials of Bank Account, neither will we ask to share any OTP received from any bank.
  4. If any tax is payable, we will promptly intimate you. ITR can only be filed upon successful payment of all dues.
  5. All the details are to be shared on secured company email id, kindly do not share any information through any messaging apps.

Fequesnty Asked Questions

Your earnings do not correspond to your salary. Other than your wage, you could generate money from a variety of ways. According to the Internal Revenue Service, your total income could come from a house, a profit or loss from selling investments, or interest on a savings account or fixed deposit. Your gross income is the sum of all of these numbers.

  1. Income from Salary: All the money you receive while rendering your job as a result of an employment contract.
  2. Income from House Property: Income from house property you own; property can be self-occupied or rented out.
  3. Income from other sources: Income accrued from Fixed Deposits and Savings Account come under this head.
  4. Income from Capital Gains: Income earned from the sale of a capital asset, say mutual funds or house property.
  5. Income from business and profession: Income/loss arising as a result of carrying on a business or profession. Freelancer income comes under this head.

Your employer deducts tax from your salary and pays it to the I-T Department on your behalf. It's called TDS. TDS is tax deducted at the source. Your employer cuts a portion of your salary every month and pays it to the Income Tax Department on your behalf.

Your employer estimates how much TDS needs to be deducted from your salary each month based on your overall earnings for the year and your investments in tax-saving goods.

TDS is a significant percentage of an employee's income tax payment if he or she is salaried. Typically around June or July, your employer will provide you a TDS certificate called Form 16 that shows how much tax was deducted each month.

A TDS certificate is Form 16. The I-T Department requires your company to deduct TDS from your salary and deposit it with the government. The TDS amount deducted and the salary you earned throughout the year are both listed on the Form 16 certificate.

Part A contains information regarding the employer and employee's names, addresses, PAN and TAN numbers, and TDS deductions.

Part B contains information on the salary received, other sources of income, permitted deductions, and tax due.

Individuals need to file their return by 30th September of next year, i.e for income earned in Financial Year 2015-16, the return has to be filed by 30th September, 2016.

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