What is Income Tax Slab ? Your Income Tax Slab determines the income tax rate at which you will be taxed in India. The income tax department has issued various slab rates for different categories of persons to maintain consistency …
Step by step Explanation income tax return(ITR)
What is ITR? Tax Return Filing Consultants in India
WHAT IS INCOME TAX? http://taxmitr.net/ efiling Income Tax Returns, Income Tax refers to the tax levied by the government for financing its various operations. It is counted on an annual basis, of the income earned in the previous year, also called the …
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Guide to Filing of Income Tax Return
http://taxmitr.net/ Simplest way to file your Income Tax Return TAXMITR is designed to cater all the concern of the Individual Tax Payers and to assist in filing ITR and dealing with Income Tax Department as their authorized representative and handling all the …
Step by Step Income Tax Return Process
http://taxmitr.net Every individual having income exceeding rupees 5 lacs is obliged to file his ITR electronically. Likewise any ITR where any refund is claimed is to be filed electronically. However ITR having taxable income less than rupees 5 lacs may …
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Comprise taxation on income earned in a financial year a part of which is taxable as per rates prescribed for that year. With the financial year running from 1 April to 31 March of following year, broadly taxpayers are classified …
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WHAT IS INCOME TAX RETURN? Income Tax Return includes various forms prescribed by Income Tax Department, Government of India, for declaring its total income earned during the year ended 31st March.
What is ITR?
First, let us understand what filing ITR means. When you file your Income Tax Return, it is a proof that you have an income for which you have paid tax. According to the Income Tax Act, 1961, you have to …
Who should file ITR?
Any individual who has income should file Income Tax Return. Currently, if you are below the age of 60 and have an income up to Rs.2.50 lacs, you are exempt from tax. Any income above Rs.2.50 lacs is taxable. And you have …