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Income tax return filing for salary in Chennai

Income tax return filing for salary income in Chennai by a reliable and experienced income tax e-filing auditor.

Income tax online return filing services

  1. Salary income tax return filing for gross salary up to Rs.10 lakhs.

What are the details required for salary income tax return filing ?

  • Form 16 issued by all employers.
  • Housing loan certificate issued by the bank.
  • Details of other income that are not reported in form 16.
  • User ID and password of income tax e-filing portal.
  • Filled up checklist.
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    What is Income tax return filing for salary ?

    The major part of the Income-tax revenue comes from the salaried class of individuals, income tax act is very simple and straight forward in assessing income from the salary. Form 16 submitted by the individual contains all information regarding salary income and other details that were submitted in the declaration provided to the employer. Even though all details are in Form 16, expert service for income tax salary return filing is required in most cases. And also for privacy purpose all employees may not declare all the income in their annual declaration to employer, in such case it beneficial to get the service of income tax return filing consultant for income tax return e filing.

    Pricing:
    ₹1000


    Income tax return filing process

    Data collection

    All information required for income tax salary return filing is collected from the client in the form of a checklist and as per the data requirement policy.
    1

    Review of TIS and AIS

    The annual information system and tax information system are verified to check, if there is any income left unreported in the details submitted for form 16.
    2

    Income tax filing data preparation

    Data required for income tax filing is compiled, and an income tax return e filing documents will be prepared through our income tax filing software.
    3

    Client approval

    Once the income tax return is prepared, details regarding additional tax payable, refund, etc will be communicated to the client.
    4

    Updating correction if required

    After client confirmation, and implementing the changes required, prepared income tax return will be assigned for e-filing in the income tax return e-filing portal.
    5

    Filing of income tax return

    After confirmation, the income tax return is filed, and authenticated through OTP or digital signature, and ITR acknowledgment is emailed to the client.
    6

    Important points on income tax return filing for salary income

    • AIS and TIS review is important in the process of income tax return filing, this ensures to include the income that would have been forgotten or not aware by the tax payer. AIS and TIS will contain informations submitted by the banks relating to interests on fixed deposits, share broker about sale and purchase of shares, mutual fund distributor about the sale and purchase of mutual funds, registration department relating to sale and purchase of property.
    • Additional income tax payment if any should be paid before filing the income tax return, taxpayer would be required to pay additional income tax if TDS deducted is not sufficient to pay full income tax liability.
    • Income from other heads of income should be taken care to avoid notices, for e.g.:  there may be capital gains on the sale of property below Rs.50,00,000 which was not reported by the taxpayer or AIS, in such case it may result in high tax liability with interest at a later stage, when it was found out by the income tax department.
    • Make sure active and correct banks account details are provided for refund, now as per new income tax rules only bank accounts linked with a PAN number can be used for an income tax refund.
    • Processing of refunds is an automated process, there is no requirement to submit any request for refund processing, the only requirement for refund processing is that, ITR should be verified either through e-verification or by sending signed acknowledgment in post.
    • There is a myth that an income tax return is not required to be filed if the declaration is provided to the employer for the generation of FORM-16, it is the compliance activity that is required to carried out by the employer under the income tax act. It is mandatory to file income tax return when basic exemption limit and prescribed financial transactions exceed maximum limit which does not requires income tax return filing.
    • Visa processing requires income tax return filing documents, so it is suggested to file income tax returns regularly for employee, file nil income tax salary return even if income is less than the basic exemption limit.
    • Filing of income tax returns enable good credit rating, apart from salary slip, and bank statement, income tax returns are required to be filed for maximum loan eligibility with lower interest rate. Some nationalized bank requires a minimum of 3 years of income tax filing documents for processing loan applications.
    • In case there is a loss in income from house property, and it is not absorbed completely in the current financial year, this loss can be carried forward only by filing the income tax return.

    From Auditor DESK

    Salaried individuals are receiving notice from the income tax department frequently, due to incorrect submission of income tax returns. Some of the common issues are the excess claim of deductions, deductions under the wrong section, failure to declare other incomes, etc. It is suggested to get the service of an income tax return filing consultant for the correct submission.

    Frequently Asked Questions

    We make it easy for you to find the answer to frequently asked questions here...

    As per section 139(1) income tax filing last date for salary income and house property income for the financial year 2024-2025 is 31st July 2025, however, if the individual has business income which is liable to tax audit then the due date is 31st October 2025. The income tax department will extend the time limit to file income tax return if there is too much load on the portal or more number of persons have not completed their income tax ITR filing.

    Yes up to 31 st December 2025, late filing of income tax return under section 139(4) can submitted.  Penalty under section 234F for the amount of Rs.5000 is applicable if the total income is more than Rs.5,00,000 and the penalty amount is Rs.1000 if the total income is up to Rs.1000.

    Income tax revised return filing is allowed if wrong income tax return is filed by any omission, incorrect data, or mistake, it can be corrected by a revised income tax return e filing under section 139(5). Revised ITR return filing under section 139(5) can be filed only if the original return is filed before the last date as per section 139 (1) or a belated return under section 139(4). Once you file revised income tax return, it is considered as the original return and there is no restriction on the number of times the revised ITR filing can be filed, for the financial year 2024-2025 revised return can be filed up to last date to file revised income tax return date of 31st Dec 2025 or before the officer completes the assessment.

    Certificate from a bank regarding a housing loan is not mandatory for claiming housing loan principal U/s 80C or housing loan interest against house property income, but however, we should have correct data relating to the amount of interest and principal paid, this data can be taken from EMI schedule or loan account statement provided by the bank.

    Loss under the head income from house property can be carried forward even if the belated return is filed us 139(4) or revised income tax return u/s 139(5).

    For the financial year 2024-2025 income tax return filed should be verified within 30 days from the date of filing the return if you are unable to verify through Aadhaar e verification, it is suggested to send a signed acknowledgment to income tax department central processing centre (CPC) Bangalore through normal post. If return is not verified within the time allowed, the return will become invalid, and it is considered as a return that was not filed. 

    Income from the sale of mutual fund is declared under head capital gains, most mutual fund house provides annual capital gains statement with the classification of capital gains as short term or long term, it is recommended to declare mutual fund gain with help of this statement.

    Form 26As is a statement of tax deducted and tax collected at source, it contains information relating to TDS deducted on salary, TDS deducted on the interest income from bank, and TDS deducted on business income, this is the important document which help us to verify whether TDS is deposited and TDS return is filed by the person who deducted TDS.

    Excess tax, if any required to be paid over and above TDS, TCS, and advance tax can be paid as self-assessment tax through net banking by selecting relevant financial year and assessment year, challan for payment of tax will be generated containing information of BSR code CIN no etc, this data in challan can be used to add tax paid data immediately, because the self-assessment tax paid will not be immediately reflected in Form 26AS, so it will not be auto-populated.

    Rebate under section 87A is applicable only if total income is not more than Rs.5,00,000, it should be noted that once total income crosses even by Rs.1 rebate U/s87A cannot be claimed, it is the tax benefit provided for persons with lower total income.

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