Income Tax Return e-Filing in India
For call:-
Friday, 24 March 2017
Monday, 20 March 2017
How to Pay Income Tax
E Payment –How to Pay Income Tax
Income tax payment is made for -
Advance Tax
Self Assessment Tax
Outstanding tax demand payment
Advance Tax
If you have annual tax dues of more than Rs 10,000, you must pay income tax in advance. Usually, for the salaried, these income tax payments are taken care of via TDS deductions by employer.
Situations when you have to pay advance tax:
You are salaried but have high income from interest or capital gains or rental income
You are a freelancer
You are running a business
How to calculate and pay advance tax:
Estimate your Total Income: Add income from all sources. Include salary income, interest income, capital gains etc. Just like you would at the time of filing your income tax return. If you are a freelancer, estimate your annual income from all clients.
Freelancers have to Subtract Expenses: Freelancers are allowed to deduct expenses from their freelancing receipts. Rent of your workplace, internet, mobile bill, depreciation on computers, travel expenses etc. Read more here: Guide .
Allow deductions: Reduce deductions you want to claim in your tax return. Deductions such as thoe allowed under section 80C, 80D, 80E or any other than you want to claim. (See full list of deductions here). From your total income reduce deductions and arrive at your taxable income.
Calculate Tax due on total income: Apply the latest income tax slab rates on your taxable income to calculate your income tax due. Reduce any TDS that may have been deducted from your total tax due. And make sure you have paid according to these instalments. These payments of income tax can be made online.
Our CAs can calculate your advance tax liability and help you with paying it online.
Seeing a large tax outgo? Don’t worry, our CAs can help calculate your freelancing income and make sure your taxes are optimised.
Self Assessment Tax
Your income tax return cannot be submitted to the tax department, unless you have paid tax dues in full. Sometimes, you may see tax payable at the time of filing your return. This income tax must be paid online, so that return is successfully e-filed afterwards. Usually, interest under section 234B and 234C will also have to be paid along with your tax due, if you are paying tax after 31st March.
When you are efiling with ClearTax, our system will automatically tell you how much tax you need to pay to file your return. You can also get your return verified from a CA and make sure your taxes are paid appropriately.
Outstanding tax demand payment
Sometimes you may have to make an income tax payment to comply with an income tax demand notice. If you agree with the assessing officer and are ready to pay the demand, such income tax can also be paid online.
Friday, 17 March 2017
File your Indian Income Tax Return
File your Indian Income Tax Return
HELPLINE NUMBERS
For Income tax related queries, ASK : 7209831889
For e-Filing of Returns, e-Filing : 7209831889
Income Tax in India was introduced by Sir James Wilson on 24 July 1860. It was a tax selectively imposed on the rich, royalty and Britishers, and hence was not liked by the powerful. In its first year, the exchequer collected a princely sum of Rs.30 lakh. The Act lapsed in 1865 and was re-introduced in a different form in 1867. Tax rates were based on a rough-and-ready assessment.
WHO IS TO PAY INCOME TAX?
The word income has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility is considered as income. For a businessman, his net profits will constitute income. Income may also flow from investments in the form of Interest, Dividend, and Commission etc. Infact the Income Tax Act does not differentiate between legal and illegal income for the purpose of taxation. Under the Act, all incomes earned by people are classified into five different heads, such as: income from salary, income from house property, income from business or profession, income from capital gains and income from other sources.
Thursday, 16 March 2017
Guide to prepare and file income tax returns online
Guide to prepare and file income tax returns online
File and Prepare Income Tax Return (ITR)
Everything you need to know about Income Tax Returns
An income tax return is the summary of your income earned in a financial year, on which you will pay tax due.
There are 8 different income tax return (ITR) forms a taxpayer can file, depending on the source of income
You can e-file income tax returns with ClearTax in a single click. It automatically chooses the right Income Tax Return Form for you, as you fill your income details
After filing your income tax returns, you can also check for income tax refund status
What documents do I need?
To start e-filing, it will help to have all information ready, so you can e-file as quickly as possible. Use our checklist below to prep for e-filing your income tax return in the shortest time ever.
View your tax credit statement of Form 26AS to ensure that the TDS deposited by your employer matches the amount on your Form 16. In case it doesn’t match, you can get a notice from the IT department.
You can claim deductions even if you forgot to submit proof to your HR. Deductions under section 80C, 80G can be claimed while filing income tax returns.
Interest up to Rs. 10,000 on savings accounts and fixed deposits is exempt from tax.
Ready your profit and loss statement, balance sheets or audit reports before you begin e-filing, if applicable.
Wednesday, 15 March 2017
e-Filing Income Tax Return Online
e-Filing Income Tax Return
Contact Number : 7050599189, 7209831889
Intuitive, online application that is customized as per client's Income Tax situation
The most accurate Income Tax calculation engine in India
Verisign secured
We auto-read your Form 16 which saves you valuable time
Live chat and call support through the Income Tax Return e-filing process
Support for submission of ITR-V to CPC Bengaluru and detailed guidance on how to e-verify your ITR
We strictly adhere to client information security ensuring 100% confidentiality
Online Income Tax Return Filing Advantages
professionally handled Income Tax Return e-filing process
Auto Form 16 extraction with our intuitive tool that reads and prefills your form fields automatically
Live chat and call support throughout the process
Post filing, Account Page access, with details of your uploaded documents & past returns
H&R Block’s global satisfaction and accuracy guarantees
Best in industry proprietary and in-house built application portal
Easy, hassle free, fast and user friendly application
Tips and helpful hints to guide you in filling up your details
100% secure with encryption measures built in and an assurance about confidentiality of your personal information
Frequently Asked Questions
Why is H&R Block offering free Income Tax e-filing?
H&R Block is the world’s largest Individual tax filing company filing over 2.5 crore returns annually. Why pay Rs. 500, Rs. 300 or even Rs. 100 someplace else when you are preparing it yourself. We came to India to offer all tax filers a completely new way to e-file their Income Tax Returns based on ease, security and accuracy. We always ensure that our clients’ information is 100% secure.
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