Who is in need to file income tax return?

1. In India, every Resident and Non-Resident individual below 60 years and whose Income is more than
   2.5 Lacs is required to file income tax return. Income tax is calculated on the basis of Tax Slabs.



TAX SLAB FOR F.Y 19-20
Income Tax Slab	Tax Rate for Individual and HUF
Up-to 2,50,000	Nil
2,50,001-5,00,000	5% of total income in excess of 2,50,000
5,00,001-10,00,000	12,500+20% of total income in excess of 5,00,000
Above 10,00,000	1,12,500+30% of total income in excess of 10,00,000

Note: - Additional 4% on a tax amount will apply in the name of Health and Education Cess.

As the government don’t want to leave a heavy tax burden on small Income group so they had introduced tax slabs such that a Lower tax rate is applied on lower income group and Higher tax rate on a Higher income Group.

Further more investment under Section 80C can save tax Rs 46,800. There are certain other benefits which can help you in saving tax.

2. In India, every Resident individual above 60 years but below 80 Years and whose Income is more than 3 Lacs is required to file income tax return. Income tax is calculated on the basis of Tax Slabs.



TAX SLAB FOR F.Y 19-20
Income Tax Slab	Tax Rate for Individual and HUF
Up-to 3,00,000	Nil
3,00,001-5,00,000	5% of total income in excess of 3,00,000
5,00,001-10,00,000	10,000+20% of total income in excess of 5,00,000
Above 10,00,000	1,10,000+30% of total income in excess of 10,00,000

Note: - Additional 4% on a tax amount will apply in the name of Health and Education Cess.

As the government don’t want to leave a heavy tax burden on small Income group so they had introduced tax slabs such that a Lower tax rate is applied on lower income group and Higher tax rate on a Higher income Group.

Further more investment under Section 80C can save tax Rs 46,800. There are certain other benefits which can help you in saving tax.

3. In India, every Resident individual 80 years or more and whose Income is more than 5 Lacs is required to file income tax return. Income tax is calculated on the basis of Tax Slabs.



TAX SLAB FOR F.Y 19-20
Income Tax Slab	Tax Rate for Individual and HUF
Up-to 5,00,000	Nil
5,00,001-10,00,000	20% of total income in excess of 5,00,000
Above 10,00,000	1,00,000+30% of total income in excess of 10,00,000

Note: - Additional 4% on a tax amount will apply in the name of Health and Education Cess.

As the government don’t want to leave a heavy tax burden on small Income group so they had introduced tax slabs such that a Lower tax rate is applied on lower income group and Higher tax rate on a Higher income Group.

Further more investment under Section 80C can save tax Rs 46,800. There are certain other benefits which can help you in saving tax.

4. In India, Every Domestic Company Need to file Income tax return using digital Signature. And Income tax will be calculated on the basis of below Rate: -



TAX SLAB FOR F.Y 19-20 FOR DOMESTIC COMPANY
Turnover Particulars	Rate
Gross Turnover up-to 250 Cr. In the Previous Year	25%
Gross Turnover over 250 Cr. In the Previous Year	30%

Note: - Additional 4% on a tax amount will apply in the name of Health and Education Cess.

*Surcharge: - Its charge over and above Income Tax and cess on below mentioned Rates

For Corporate’s Surcharge Rates:-

1. 7% of Income Tax, if total income Exceeds 1 Crore but not more than 10 Crore.
2. 12% of Income Tax, if total income Exceeds 10 Crore.

Other Than Corporate’s Surcharge Rates:-

1. 10% of Income Tax, if Total Income Exceed 50 lac but not more than 1 Crore.
2. 20% of Income Tax, if Total Income Exceed 1 Crore.

We’ll help you to file your Income Tax Return in 3 easy steps:

1. Visit our website.
2. Fill up the enquiry form and submit.
3. Our team will get in touch with you for further details and documents.

Benefits of Filing Income Tax Return (ITR)

There are various benefits of Filing ITR:

1. Can get Loan Easily on the basis of ITR
2. Quick Visa Processing
3. Avoid Late Filing Penalty
4. Can get easy Refund
5. Losses can be Set off and Carry forward
6. ITR is work as Income and Address Proof

Documents Required for Filing Income Tax Return (ITR)

1. Pan Card
2. Aadhar Card
3. Bank Statement
4. Bank Statement
5. TDS Certificate
6. Home Loan Statement
7. Login Credential (if Already Registered)