How do I file income tax on Taxsmile?
Table of Contents
How do I file income tax on Taxsmile?
- Just upload Form-16 and leave rest on Taxsmile.
- You only need to Review & File.
- 100% accurate data entry & Tax calculation.
- 100% accurate Tax Calculation.
- Data Confidentiality guaranteed.
- Personal attendance to your Income tax Return.
- Saves your time, effort & puts you in a comfort zone.
Do I need to file ITR if income is not taxable?
ITR filing is compulsory for those who have an income above a certain limit, below which the ITR filing is exempted. Filing ITR with no income or with income below the exemption limit has its own advantages. Taxpayers with gross total income (GTI) below the exempted limit of Rs. 2.5 lakh are not required to file ITR.
Is All India ITR free?
All India ITR is a leading income tax return e-filing intermediator between the citizen and government in India. Experience our quick and user-friendly income tax return e-filing app for android users. You can install your tax buddy from the play store. It is free to download and readily available.
What is the minimum amount of salary to file taxes?
If you are single and under the age of 65, the minimum amount of annual gross income you can make that requires filing a tax return is $12,550. If you’re 65 or older and plan on filing single, that minimum goes up to $14,250.
What documents are required for ITR?
What are the documents required for filing ITR?
- PAN Card. This is the first and foremost prerequisite if you are filing an income tax return.
- Aadhar Card.
- Form 16.
- Form-16A/ Form-16B/ Form- 16C.
- Bank Account details.
- Form 26AS.
- Home Loan Statement.
- Tax Saving Instruments.
Who is eligible for ITR?
Individuals whose taxable income exceeds the maximum amount not chargeable to tax are eligible for income tax return. The basic exemption limit for FY 2019-20 is Rs 3 lakh for senior citizens (aged between 60 and 80 years), Rs 5 lakh for super senior citizens (aged 80 years or more), and Rs 2.5 lakh for others.
Can we file ITR without CA?
The new personal income tax regime, with lower rates, is expected to be so simple that you will not require the help of a chartered accountant (CA) or any other professional from next year for filing of income tax return (ITR).
What is the minimum salary to file taxes?
Minimum income to file taxes Single filing status: $12,550 if under age 65. $14,250 if age 65 or older.
What is the maximum limit of tax free personal income?
The basic exemption limit for resident individuals who are 60 years of age or more but less than 80 years of age at any time during the tax year is INR 300,000. For resident individuals who are 80 years of age or more, it is INR 500,000.
