ITR Filing for Individuals – Accurate & Hassle-Free Income Tax Return

File your income tax return on time and avoid penalties with expert assistance.

Frequently Asked Questions

Salaried Individuals

If you earn salary income, filing ITR ensures tax compliance and helps in loan processing and visa applications.

Individuals earning professional or business income must file ITR under applicable tax provisions.

If you earn from salary, house property, capital gains, or other sources, ITR filing is mandatory.

If excess TDS has been deducted, filing ITR is necessary to claim a refund.

If your total income exceeds the prescribed limit, filing ITR is compulsory.

Eligibility Criteria

Valid PAN Card

Aadhaar linked with PAN

Income earned during financial year

Bank account linked with PAN

Applicable income under salary, business, capital gains, or other sources

Documents Required

PAN Card

1.

Aadhaar Card

2.

Form 16 (for salaried individuals)

3.

Salary Slips (if required)

4.

Bank Statements

5.

Interest Certificates (FD, Savings Account)

6.

Capital Gains Statement (if applicable)

7.

Investment Proof (80C, 80D, etc.) Form 26AS / AIS / TIS

8.

Step-by-Step Process

Collection of income documents

01

Verification of Form 26AS & AIS

02

Selection of appropriate ITR form (ITR-1, ITR-2, ITR-3, ITR-4)

03

Computation of total income

04

Calculation of tax liability

05

Claim deduction & exemptions

06

Online filing on Income Tax Portal

07

E-verification of return

07

Acknowledgment generation

07

Estimated Timeline 10–15
working days

Government Fees Varies by authorised capital (starts at ₹500)

Penalty & Non-Compliance Risks

Late filing fee up to ₹5,000 (₹1,000 for small taxpayers)

Interest under Section 234A/B/C

Loss of carry forward of losses

Notice from Income Tax Department

Delay in refund processing

Compliance Checklist

01

File before due date generally 31st July for individuals

02

Reconcile income with Form 26AS & AIS

03

Choose correct tax regime (Old vs New)

04

Claim eligible deductions properly

05

E-verify within 30 days

06

Preserve ITR acknowledgment

Frequently Asked Questions

Is ITR filing mandatory for salaried individuals?

Yes, if income exceeds the basic exemption limit.

Generally 31st July following the financial year (subject to government notification).

Yes, but with late fee and possible interest.

Depends on income type – ITR-1 for salary, ITR-3 for business income, etc.

Yes, PAN must be linked with Aadhaar.

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