ITR Filing in Delhi, India
Income Tax Return Filing in Delhi, India
It is a bit difficult to understand the intricacies of Income Tax . Especially in a busy city like Delhi. Mind Your Tax makes ITR filing simple and accessible for salaried employees across India with our online ITR filing service. We are always committed to providing Easy and reliable Income Tax services in Delhi. We keep all your documents safe with advanced secure technology. Simplify your tax filing service by joining us and stay away from legal action with your family without any problem.
ITR Services in Bangalore
Hire a professional from Trustable Income Tax Services in Delhi who is an expert in filing your Income Tax Return. We offer comprehensive packages tailored to individual needs that assure compliance with the latest regulations. Our expertise makes the filing process extremely easy, helping you maximize your deductions and minimize your tax liability.
Our Income Tax Return Services
Salary up to ₹5 lakhs
If we talk about the old loan scheme, the main limit is ₹5 lakh. Your entire annual income should be up to five lakhs, so any amount above the minimum limit is taxed at the rate of 5%, which is Rs 12,500.
If you are a salaried person and your total income is less than 50 lakhs, then you can fill the simple ITR 1 form. This form does not require much information as compared to other income returns like Form 2 and 3.
If your income is more than 50 lakhs, then you must be wondering which ITR should be filed. People whose income is more than 50 lakhs and they do not have income from any business or profession, then they should finally file ITR 2 or if they are getting income from any business or profession, then they need to file ITR 3.
Salary & Capital Gain
If you have gains and losses from other sources apart from your salary income like sale of stocks, mutual funds or house property, then you can choose this scheme. This scheme is not for intraday or derivative traders.
Salary & Business / Profession
Apart from the salary commission, if a person earns income from business, then such people fall in the category of filing ITR 3.
Any person who earns income from freelancing activity or part-time business apart from salary can file ITR 4.
Salary & Business / Profession & Capital Gain
Such people and NRIs who earn money from home, employment, capital, profit or any other source file ITR 2.
Salary with Cryptocurrency
Earn money through crypto mining (proof of stake & proof of work) Earn capital gains through crypto investing for business income (business activity like 500 transactions intraday, leverage trading, derivatives trading, arbitrage etc).
F&O Trading Plan
Trader package has been designed to ensure maximum tax savings for people involved in trading. It includes problem free filing procedure by our experts who understand the intricacies of intraday and intra-day trading. Wrong filing and improper filing may lead to unnecessary problems in answering IT notices.
Who is required for Income Tax Return Filing
The basic limit for the year ending on 31 March 2024 is Rs 2 lakh for a common individual, Rs 3 lakh for a resident above 60 years of age and Rs 5 lakh for a person above 80 years of age. If you opt for a new tax system, the basic limit is Rs 3 lakh for every individual, irrespective of his income. Income Tax Audit Services in Delhi help you assure compliance with tax regulations and streamline your tax filing and optimise your tax return process.
Advantage of ITR registration for businesses.
Income tax return receipt is very quick and the most important thing is that if any refund is received then it is much faster than filing on paper.
There is no need to wait for any time to apply for online return.
The easy facility of e-filing is available 24/7. You can take advantage of this and file anywhere.
You get instant confirmation of filing through email on your registered email ID before and after the filing time.
ITR filing Document Required
| Document | Description |
|---|---|
| PAN card | Permanent account number for identification |
| Aadhaar Card | Unique Identification |
| Salary slips | Monthly income proof |
| From 16 | Tax Deduction Certificate |
| Bank Statement | Proof of income and savings |
| Investment Proof | Document for Deduction |
Penalty for Not Obtaining ITR filing
If you do not file your income tax return on time . You face fines and legal penalties. Depending on your situation and the delay, the penalty may range from ₹5000 to ₹10,000. To assure compliance, you can use income tax audit services in Delhi to effectively guide your filing process.
Why Choose Us for ITR Filing?
Salaried Workers’ Special:- Our advanced service is designed for salaried individuals to ensure that your income and deductions are managed properly from multiple sources.
Process without Stress:- We simplify the taxation process so that you can easily and quickly submit the information while filing your return without any hassle.
Maximise Savings:- With our professional assistance, you can maximize your tax refund through exemptions and write-offs.
Price Transparency:- Clear upfront prices or any hidden fees. You will know exactly what you are paying for.
Data Security:- We keep all your documents confidential to ensure that your information is in the safest hands.
With Mind Your Tax, you can rest assured that your tax return is in trusted hands. This season we are able to completely reduce your burden with online salary ITR filing.
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Frequently Asked Questions
Income Tax Return filing in India is a form that is mandatorily used to file details about your income and applicable tax with the Income Tax Department of India.
Any individual having income above the basic exemption limit set by the government can file ITR. This includes salaried individuals, self-employed professionals, freelancers and business people.
If you do not pay your income tax on time, then as per section 276 CC, you can be punished with imprisonment of 3 months to 7 years along with fine for willful evasion.
In some cases, you may face 6 to 7 years of imprisonment and fine.
Of course, if you have paid excess tax, it gets refunded. To get your excess tax refunded, you first have to file ITR, after which your return process starts. If you have paid excess tax, the government refunds it to your bank account through ECS.