FincomIndia

Salaried Individuals ITR

It is the form in which an assessee files information about his/her Income and tax thereon to Income Tax Department. Individuals, who have earned their Income through Salary or Pension during the year, file returns with the Income Tax Department at the end of every financial year. These returns should be filed before the specified due date.
From Rs 1,499/- Inc. of all taxes

Many companies hire full-time salaried and full-time hourly employees, part-time and casual employees, and employees who only work when the business demands additional staff. Because the pay of salaried employees is usually stated in annual terms for a full-time position, a salaried employee is usually hired to work a full-time schedule. For most employers, this is around 40 hours a week. Salaried employees can be paid weekly, bi-weekly, twice a month or even once a month.

Being paid on a salaried basis means the employee receives the same salary every pay period, regardless of how many hours he works. The reason his earnings stay the same is because salaried employees, in many cases, do not receive overtime pay. At the same time, a salaried employee can't have his pay reduced for taking an hour here or a couple of hours there to handle personal business, enjoy a long lunch or just to take some time off from work. It's against the FLSA law to dock a salaried employee's pay for less than a full day's absence. On the other hand, an hourly the employee's pay is reduced hour-for-hour, according to the time he's not working.

Salient Features of Salaried Individuals ITR

Liability to Submit ITR

As per Income Tax Laws, every individual earning income falling into taxable limits must submit his Income Tax return as per the provisions of Income Tax Act.

Creation of Tax Paid Income

By submitting Income Tax return on an annual basis, the tax payer makes a record of his Tax Paid income and strengthens his wealth profile.

Proof of Income

Apart from other income proofs like salary slips, employment letters etc., Income Tax return is considered to be a major Income proof while applying for Bank Finance.

Transparent And Competitive Pricing

BASIC STANDARD PREMIUM
ITR
Tax Consultation
Tax and Investment Planning
Rs. 2,000
Rs. 1,499
Inc. all taxes
Rs. 3,500
Rs. 2,499
Inc. all taxes
Rs. 6,500
Rs. 4,999
Inc. all taxes
Delivery Process

1. Order Confirmation

Once you confirm the order online one of our executives will get in touch with you to explain all the requirements.

2. Submission Of Documents

We have a facility to pick up documents from your door step at more than 6000 Pin Codes across India. As soon as your documents are ready, we will pick it up from your door step at a date and time as per your convenience.

3. File Documents

Once we will receive your all required Documents. We will apply for the same.

4. Hurray......It's Done

You will get certification from the Government after the approval as well as you will receive the confirmation email with our dedicated team member details Instantly on your email to start your work.

Frequently Asked Questions
Refund is applicable only if no CA has been assigned on the case, for detailed policy please visit our terms of use
Audit & preparation of financial statements is not part of the plan.
Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.
Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.
ITR return forms are attachment less forms and hence, you are not required to attach any document (like proof of investment, TDS certificates etc.) along with the ITR (whether filed manually or electronically). However, these documents should be retained and produced before the tax authorities when demanded in situations like assessment, inquiry etc.
Individuals need to file their return by 30th September of next year, i.e for income earned in Financial Year 2015-16, the return has to be filed by 30th September, 2016.
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to case) prior to the current financial year. However, in certain cases the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.
House Rent Allowance: Salaried individuals who live in a rented house/apartment can claim House Rent Allowance or HRA to lower taxes. This can be partially or completely exempt from taxes. The allowance is for expenses related to rented accommodation. Note: If you receive HRA and dont live on rent your HRA shall be fully taxable.
Yes, a belated return can be filed before the end of the assessment year or before completion of the assessment year, whichever is earlier. For example, in case of income earned during FY 2016-17, the belated return can be filed up to 31st March 2018. ‚Äč
This is a fixed component in your pay check and forms the basis of other portions of your salary and hence the name. It is usually a large portion of your total salary. HRA is also defined a percentage of this Basic Salary. Your PF is deducted at 12% of your Basic Salary.

Our Presence

Check Availablity in your area

FinComIndia has capability to serve at your door step at more than 6000 Pin Codes across. You have the opportunity to avail our world class services sitting at your home or office itself. This service is free of cost for all the customers. We practically cover the whole of India. Kindly check in the box above for availability of door step services in your city.

Reasons to choose FinComIndia?

PROFESSIONAL EXPERTISE

FinComIndia has a team consisting of more than 75 experts of varied domains which enables us to deliver high quality of services. All our staff is well trained and regularly updated with all relevant statutory changes.

DOOR STEP SERVICES

We pick up all the required documents right from your door step at your preferred time and date and also deliver back the original documents / certificates to your address.

NATION WIDE REACH

We have capability of providing our services across more than 6000 Pin Codes in India. This makes us the front runner in Nation wide reach.

BEST PRICE

We are upfront with our pricing with no hidden fees, Also lowest pricing through automation and technology.

Money Back Guarantee

If you are not satisfied with our work, we will refund the money after deducting the statutory fees paid and other administrative charges.

100% Customer Satisfaction

With our quality of services and professional expertise, we guarantee 100% customer satisfaction.

Giving Back to the Society

In our endeavour to give back to the society, we donate 1% of our profits to various charitable and environmental causes.