ITR Filing of Individual

RATE OF TAX Slab basis as detailed below - Click Here
HEADS OF INCOME Following are the head of income
• Income from House property
• Income from capital gain
• Income from other sources
• Income from Salary
• Income from business and profession
PROCEDURE • Compute the individual taxable income under salary head and other sources claim deduction under chapter VIA and if capital gain then ITR-2 is to be filled.
• Check bank statement for the receiving of such income or any other amount which is not disclosed
• File the income tax return by paying self assessment tax and updating the challan details and then E verify the same through EVC or Aadhar OTP and if not then by sending the signed Acknowlegment.
DUE DATES Due date is 31st of July of following PY
Slab ROR(below 60) ROR(60-80) ROR above 80 RNOR/NR
Slab upto which nil Upto 2.5 Lakh Upto 3 Lakh Upto 5 Lakh Upto2.5 Lakh
2.5 Lakh to 5 Lakh 5%=12500 5%=10000 Nil 5%=12500
5 Lakh to 10 Lakh 20% = 1 Lakh 20% = 1 Lakh 20% = 1 Lakh 20% = 1 Lakh
Above 10 lakhs 30% 30% 30% 30%
Surcharge 10 % upto 50 Lakhs and above 50 Lakhs 15% 10 % upto 50 Lakhs and above 50 Lakhs 15% 10 % upto 50 Lakhs and above 50 Lakhs 15% 10 % upto 50 Lakhs and above 50 Lakhs 15%
Rebate Income is upto 5 Lakhs than 12500 rebate and if above 5 lakh than no rebate available Income is upto 5 Lakhs than 12500 rebate and if above 5 lakh than no rebate available Income is upto 5 Lakhs than 12500 rebate and if above 5 lakh than no rebate available No Rebate

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