Income Tax Return (ITR) filing is the process of reporting your income, deductions, taxes paid and other required information to the Income Tax Department. The applicable ITR form depends on your income sources, taxpayer status and financial activities.
For example, if annual taxable income is ₹8 lakh and eligible deductions reduce taxable income by ₹1 lakh, the taxable income becomes ₹7 lakh, subject to the applicable tax regime and provisions. The actual tax payable depends on the applicable slab rates, rebates, deductions and other rules for the relevant assessment year.
Taxpayers should review Form 16, Annual Information Statement (AIS), Tax Information Summary (TIS), bank interest, capital gains and other relevant records before filing.
Income-tax filing operates under the Income-tax Act and rules administered by the Income Tax Department, with applicable deadlines and reporting requirements.
Use a Tax Calculator to estimate your tax liability and explore Income Tax Guides for practical filing information.
Tax calculations depend on individual circumstances and applicable tax laws. Verify the applicable provisions for the relevant assessment year.
Key Features
- ITR Preparation & Filing
- Income & Tax Calculation
- Deduction Review
- Tax Regime Comparison
- Form 16 & AIS Review
- Capital Gains Reporting
- Tax Compliance Support
- Return Verification Assistance