Overview
Filing an Income Tax Return as a salaried individual is one of the most common tax compliance activities in India — yet it remains one of the most misunderstood. Many employees believe that since TDS is already deducted by their employer every month, their tax obligation is complete and ITR filing is optional. This is incorrect.
ITR filing is a separate legal requirement under the Income Tax Act, 1961. It is the formal declaration of your total income from all sources — not just salary — to the Income Tax Department for the relevant financial year. Even if your employer has correctly deducted TDS, your return must be filed to confirm that declaration, claim refunds, report other income, and maintain a clean compliance record.
What is Salaried Individual ITR Filing?
Salaried ITR filing is the process of computing your total income under all applicable heads, reconciling TDS already deducted, selecting the correct tax regime, applying eligible deductions, and submitting the return on the Income Tax portal before the prescribed due date.
Salaried individuals may earn income from multiple sources alongside their salary:
- Basic salary and allowances
- Fixed Deposit interest from banks
- Capital gains from sale of shares, mutual funds, or property
- Dividend income from stocks or mutual funds
- Rental income from house property
- Foreign income or assets held abroad
Each of these income types has different tax treatment, different rates, and different disclosure requirements. Filing without reporting all sources — even if tax has already been deducted — can result in notices, mismatches, and penalties.
Why Salaried ITR Filing Matters
Most salaried employees receive Form 16 from their employer every year. While Form 16 is a TDS certificate, it does not automatically mean your tax compliance is complete. Many employees also have income from FDs, mutual fund redemptions, stock sales, or other sources that are independently tracked by the Income Tax Department through the Annual Information Statement (AIS).
Salaried ITR Filing Helps You:
- Claim refund of excess TDS deducted by employer or bank
- Report FD interest, dividend, and capital gains income correctly
- Carry forward capital losses to offset future gains
- Maintain income proof for home loans, car loans, and visa applications
- Avoid mismatch notices from the Income Tax Department
- Disclose foreign assets or income if applicable
- Establish a clean multi-year compliance record
Who Needs to File Salaried ITR?
| Situation | ITR Filing Required? |
|---|---|
| Gross salary above ₹3 lakh (New Regime basic exemption) | Yes |
| Gross salary above ₹2.5 lakh (Old Regime basic exemption) | Yes |
| TDS deducted but income below exemption limit | Advisable (to claim refund) |
| Multiple employers in the same year | Yes |
| Salary + FD interest / dividend income | Yes |
| Salary + capital gains from shares or property | Yes |
| Salary + foreign income or foreign assets held | Yes |
| Salary with employer but income below exemption, no TDS | Technically exempt, advisable to file |
Because the Income Tax Department now receives transaction data from banks, brokers, registrars, and financial institutions through the AIS system, even income that was not reported to the employer is visible to the department. A return that does not match AIS data is a primary trigger for automated notices under the faceless assessment system.
Key Note for 2026 Filers
From FY 2023-24 onwards, the New Tax Regime is the default for all salaried individuals. Employees who wish to claim deductions like 80C, HRA, or home loan interest must actively opt for the Old Regime — this election must be communicated to the employer at the start of the year and confirmed in the ITR. For FY 2025-26 (AY 2026-27), the standard deduction under the New Regime is ₹75,000 and the tax rebate under Section 87A covers income up to ₹12 lakh (as per Finance Act 2025 provisions — verify at the time of filing).
Types
Salaried individual ITR filing is not a single uniform process. The complexity of your return, the ITR form applicable to you, and the deductions or disclosures required all depend on what type of income you earned during the financial year in addition to your salary. Choosing the wrong return type — or using the wrong ITR form — can lead to a defective return notice or missed refund.
Types of Salaried ITR Based on Income Profile
| Return Type | Income Profile | ITR Form |
|---|---|---|
| Basic Salary Return | Only salary income (one or two employers) | ITR-1 (Sahaj) |
| Salary + FD Interest / Other Sources | Salary + bank interest, dividends, small other income | ITR-1 or ITR-2 |
| Salary + Capital Gains | Salary + STCG or LTCG from shares, MF, or property sale | ITR-2 |
| Salary + Foreign Income or Assets | Salary + income abroad or foreign bank/investment held | ITR-2 |
| Salary + House Property Income | Salary + rental income from one or more properties | ITR-1 (one self-occupied) or ITR-2 (multiple/let-out) |
1. Basic Salary Return
The simplest case. The taxpayer has salary income from one or two employers, possibly with a small amount of savings account interest, and no capital gains, no foreign assets, and no business income.
Applicable form: ITR-1 (Sahaj)
Key considerations:
- Regime selection (Old vs New)
- Standard Deduction (₹75,000 under New Regime, ₹50,000 under Old Regime)
- TDS reconciliation with Form 16 and Form 26AS
- Deductions under 80C, 80D, HRA if under Old Regime
- Section 87A rebate eligibility
2. Salary + FD Interest / Other Source Income
Many salaried employees have Fixed Deposits, recurring deposits, or savings account interest income. Banks deduct TDS at 10% on FD interest above ₹40,000 (₹50,000 for senior citizens). If the individual's actual tax rate is lower, excess TDS can be claimed as refund — but only if ITR is filed.
Additionally, dividend income from shares or mutual funds is now fully taxable at the individual's slab rate (dividends are no longer exempt). These must be correctly reported in ITR.
Applicable form: ITR-1 if total other income is within threshold; ITR-2 if more complex
Key considerations:
- Report FD interest even if TDS has been deducted
- Report dividend income from all folios
- Reconcile with AIS which captures all bank interest automatically
- Savings account interest deduction under Section 80TTA (₹10,000) — Old Regime only
3. Salary + Capital Gains
One of the most common filing situations that gets mishandled. Employees who sold shares, redeemed mutual funds, or sold property during the year have capital gains that must be reported and taxed at specific rates — regardless of whether any other income exists.
Applicable form: ITR-2 (ITR-1 cannot be used if there are capital gains)
Key capital gains considerations:
| Transaction Type | Holding Period | Tax Rate |
|---|---|---|
| Listed equity / Equity MF | ≤12 months (STCG) | 20% (from FY 2024-25) |
| Listed equity / Equity MF | >12 months (LTCG) | 12.5% above ₹1.25 lakh |
| Debt mutual funds / Bonds | Any period (from April 2023) | Taxed at slab rate |
| Immovable property | ≤24 months (STCG) | Taxed at slab rate |
| Immovable property | >24 months (LTCG) | 12.5% without indexation (from FY 2024-25) |
| Unlisted shares | >24 months (LTCG) | 12.5% |
Capital gains must be reported even if the net gain is below the exemption limit. Losses can be carried forward only if the return is filed on time.
4. Salary + Foreign Income or Foreign Assets
The most compliance-sensitive category. Resident individuals who hold foreign bank accounts, foreign investments, ESOPs from foreign parent companies, or have income from foreign sources must disclose them in Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income) of ITR-2.
Non-disclosure of foreign assets is a serious offence under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with penalties up to ₹10 lakh per asset per year.
Applicable form: ITR-2 (mandatory for any foreign asset or income)
Key considerations:
- ESOPs from multinational employer companies must be reported
- Foreign bank accounts even with zero balance must be disclosed if held at any point during the year
- Double Taxation Avoidance Agreement (DTAA) relief must be claimed in the correct schedule
- Foreign tax credit must be reported in Form 67 before filing ITR
Eligibility
Who is Required to File Salaried ITR?
A common misconception among salaried employees is that TDS deduction by the employer means the tax compliance cycle is complete. Under the Income Tax Act, 1961, ITR filing is a separate legal obligation that applies independently of TDS. The eligibility criteria for mandatory filing covers a wide range of salaried taxpayers — and in 2026, the AIS-driven matching system means the department is already aware of most income you have earned, even if it was not reported to your employer.
Mandatory Filing Conditions for Salaried Individuals
ITR filing is mandatory for a salaried individual in any of the following conditions:
| Condition | Section / Rule Reference |
|---|---|
| Gross total income exceeds basic exemption limit | Section 139(1) |
| Any foreign asset held or foreign income earned | Section 139(1) — regardless of income level |
| Deposits of ₹1 crore or more in current accounts during the year | 7th Proviso to Section 139(1) |
| Electricity expenditure of ₹1 lakh or more during the year | 7th Proviso to Section 139(1) |
| Foreign travel expenditure of ₹2 lakh or more during the year | 7th Proviso to Section 139(1) |
| TDS/TCS of ₹25,000 or more deducted during the year (₹50,000 for senior citizens) | 7th Proviso to Section 139(1) |
| Savings/current bank deposits of ₹50 lakh or more during the year | 7th Proviso to Section 139(1) |
Basic Exemption Limits (AY 2026-27)
| Tax Regime | Basic Exemption Limit | Rebate Under 87A |
|---|---|---|
| New Tax Regime (Default) | ₹3,00,000 | Nil tax up to ₹12,00,000 (subject to Finance Act 2025) |
| Old Tax Regime | ₹2,50,000 | Nil tax up to ₹5,00,000 |
| Senior Citizens (Old Regime) | ₹3,00,000 | Nil tax up to ₹5,00,000 |
| Super Senior Citizens (Old Regime) | ₹5,00,000 | Nil tax up to ₹5,00,000 |
Situations Where Filing is Strongly Advisable Even if Not Mandatory
Even if income is below the exemption limit, ITR filing is highly advisable in these situations:
- TDS has been deducted and a refund is due
- Capital losses have been incurred that need to be carried forward
- Visa applications require ITR proof for the year
- Home loan or personal loan application is upcoming
- Building a multi-year compliance record for financial credibility
Who Uses Which ITR Form?
| Income Situation | Eligible ITR Form |
|---|---|
| Salary only, one house property, income from other sources below ₹50 lakh | ITR-1 (Sahaj) |
| Salary + capital gains OR multiple house properties OR foreign assets/income | ITR-2 |
| Salary + business/professional income (rare for pure salaried) | ITR-3 |
| Salary + presumptive business income under 44AD/44ADA | ITR-4 (Sugam) |
Residency Status and Filing Obligation
Tax filing obligation also depends on residential status:
- Resident Ordinary Resident (ROR): Global income is taxable; foreign assets must be disclosed
- Resident but Not Ordinarily Resident (RNOR): Only Indian income + foreign business income taxable
- Non-Resident Indian (NRI): Only Indian-sourced income is taxable; different TDS rules apply
Most salaried employees in India qualify as ROR. Those returning from abroad after several years or on overseas assignments should verify their residential status before determining their filing obligation and foreign asset disclosure requirements.
Process
Salaried ITR Filing Process
The Income Tax Return filing process for salaried individuals follows a structured sequence that goes well beyond simply entering salary figures. Since the department now matches filed returns against AIS data automatically, the process must begin with document collection and reconciliation before any numbers are entered on the portal.
Rushing the filing process — especially when there are capital gains, multiple employers, FD income, or foreign assets — is one of the most common reasons salaried employees receive post-filing notices or demands.
Step-by-Step Salaried ITR Filing Process
| Step | Activity | Purpose |
|---|---|---|
| Step 1 | Collect Form 16 from employer(s) | Primary salary and TDS document |
| Step 2 | Download Form 26AS and AIS from income tax portal | Verify all TDS credits and transactions reported by third parties |
| Step 3 | Collect capital gains statements from broker / AMC | Accurate STCG/LTCG computation |
| Step 4 | Collect bank statements for FD interest and dividend credits | Report all other source income |
| Step 5 | Determine residential status and tax regime | Old vs New Regime tax benefit analysis |
| Step 6 | Compute total income under all applicable heads | Correct tax liability calculation |
| Step 7 | Apply eligible deductions (Old Regime) or standard deduction (New Regime) | Reduce taxable income legally |
| Step 8 | Compute final tax liability and check for Section 87A rebate | Determine actual tax payable |
| Step 9 | Pay self-assessment tax via Challan 280 if any balance due | Clear outstanding before filing |
| Step 10 | File ITR with correct form on Income Tax portal | Formal return submission |
| Step 11 | E-verify the return within 30 days of filing | Activate and complete the filing |
Common Filing Timelines (AY 2026-27)
| Category | Due Date |
|---|---|
| Salaried individuals (not under audit) | 31st July 2026 |
| Belated return (with late fee) | 31st December 2026 |
| Updated return ITR-U (with additional tax) | Within 2 years of end of assessment year |
AIS Reconciliation — Why It Cannot Be Skipped
The Annual Information Statement (AIS) captures data from multiple sources that report to the Income Tax Department:
- Salary TDS from employer (Form 24Q)
- Bank interest and FD TDS (Form 26Q)
- Dividend income from companies (Form 26Q)
- Securities transaction data from broker (SFT)
- Mutual fund transactions from AMC/CAMS/KFintech (SFT)
- Property sale consideration from registrar (SFT)
- Foreign remittances from banks (Form 15CC)
If any of these figures do not match what is reported in the filed ITR, the department's processing system under Section 143(1) will automatically generate a mismatch demand or refund adjustment. AIS reconciliation before filing is therefore not optional — it is essential.
File your Salaried ITR with experts
Form 16 to e-verification — complete support from start to finish
- AIS & 26AS reconciliation included
- Regime selection advisory
- Capital gains, FD interest, and foreign asset cases handled
What Happens After Filing?
After successful e-verification, the return enters the processing queue. The department typically issues:
- Intimation under Section 143(1): Comparison of declared figures with computed tax. A refund is issued or a demand is raised if a discrepancy exists.
- Notice under Section 143(2): Return selected for scrutiny assessment (requires response with supporting documents)
- Refund credit: Directly to bank account linked on the portal, usually within a few weeks of processing
Documents
Documents Required for Salaried ITR Filing
Proper documentation is the foundation of an accurate salaried ITR. The documents required depend on the type of income earned during the year — a basic salaried employee needs fewer documents than someone with capital gains, FD income, or foreign assets. Incomplete or incorrect documents are the leading cause of errors in ITR filing, AIS mismatches, and post-filing notices.
Core Documents (All Salaried Filers)
| Document | Purpose |
|---|---|
| Form 16 (Part A and Part B) | Primary TDS certificate from employer — salary details and deductions |
| PAN Card | Mandatory for all filings |
| Aadhaar Number | Linked to PAN; required for e-verification |
| Form 26AS | Consolidated TDS credit statement from the tax department |
| Annual Information Statement (AIS) | Full transaction-level data — must be reconciled before filing |
| Bank account details (IFSC, account number) | Required for refund credit |
Additional Documents Based on Income Type
Salary + FD Interest / Other Sources
| Document | Purpose |
|---|---|
| Bank statement / passbook (all banks) | FD interest, savings interest, and dividend credits |
| FD certificates or interest certificates from bank | Exact FD interest computation per year |
| Dividend statements from company / broker | Total dividend received — now fully taxable |
Salary + Capital Gains
| Document | Purpose |
|---|---|
| Capital Gains Statement from broker (Zerodha, Groww, Angel, etc.) | Scrip-wise STCG and LTCG details |
| CAMS / KFintech Mutual Fund Capital Gains Statement | Fund-wise STCG and LTCG for mutual fund redemptions |
| Sale deed and purchase deed (for property sale) | Computation of LTCG or STCG on immovable property |
| Cost of improvement records (for property) | Added to cost of acquisition for LTCG calculation |
| ESOP exercise and sale records (if applicable) | Perquisite value at exercise + capital gain at sale |
Salary + Foreign Assets / Income
| Document | Purpose |
|---|---|
| Foreign bank account statements | Schedule FA disclosure — even zero-balance accounts |
| Foreign asset holding certificates | Investment, property, or retirement account abroad |
| ESOP grant letter and vesting schedule from foreign parent company | Perquisite and capital gain computation |
| Form 67 details (foreign tax paid) | DTAA relief / foreign tax credit claim |
| Pay slips for foreign income period | FSI schedule income computation |
Salary + House Property (Let-Out)
| Document | Purpose |
|---|---|
| Rent receipts or rent agreement | Gross annual value computation |
| Home loan interest certificate from bank | Deduction under Section 24(b) |
| Home loan principal repayment certificate | Section 80C deduction — Old Regime only |
| Municipal tax paid receipts | Deduction against house property income |
Deduction-Related Documents (Old Regime Filers)
- LIC premium receipts / PPF passbook / ELSS statement — Section 80C
- Health insurance premium receipt — Section 80D
- Education loan interest certificate — Section 80E
- Donation receipt with 80G registration number — Section 80G
- NPS contribution statement — Section 80CCD(1B)
Important Document Preparation Notes
- Collect Form 16 from every employer if you changed jobs during the year
- Download AIS and Form 26AS from the income tax portal (not from third-party apps) before starting computation
- Capital gains statements from brokers must cover the full financial year (April to March), not the calendar year
- Foreign asset values must be reported in Indian Rupees using the RBI reference rate for the relevant date
Common Mistakes
Common Errors in Salaried ITR Filing
Salaried employees often assume that ITR filing is straightforward because their employer has already deducted TDS and issued Form 16. In practice, many salaried returns are filed with errors that later result in defective return notices, demand orders, or missed refunds. These mistakes are increasingly being caught automatically by the department's AIS-based matching system, which tracks income from banks, brokers, registrars, and mutual fund houses independently of what the employer reports.
Most Common Mistakes in Salaried ITR Filing
| Common Error | Possible Consequence |
|---|---|
| Using wrong ITR form (e.g. ITR-1 when capital gains exist) | Defective return notice; return treated as not filed |
| Not reporting FD interest or dividend income | AIS mismatch notice; demand for unpaid tax + interest |
| Not reconciling AIS before filing | Automated demand under Section 143(1) |
| Wrong tax regime selected (not evaluating Old vs New) | Excess tax payment or missed deductions |
| Not reporting capital gains from mutual fund or share sale | Notice for unreported income |
| Missing income from previous employer's Form 16 (job change) | Underreporting of total salary income |
| Not e-verifying the return within 30 days | Return treated as not filed at all |
| Not claiming 87A rebate correctly | Excess tax paid; delayed refund |
| Reporting capital gains in wrong schedule or wrong category | Wrong tax rate applied; mismatch in computation |
| Not disclosing foreign bank account or ESOP held abroad | Serious penalty under Black Money Act — up to ₹10 lakh per asset |
High-Risk Situations That Are Frequently Mishandled
1. Job Change During the Year
When a salaried employee changes jobs, the new employer may not have the previous employer's salary details. If the employee does not provide Form 12B to the new employer, TDS may be under-deducted, leading to a tax demand at the time of filing. The ITR must correctly combine salary income from both employers and reconcile TDS from both Form 16 documents.
2. Capital Gains from Mutual Fund STP / SWP
Systematic Transfer Plans (STP) and Systematic Withdrawal Plans (SWP) in mutual funds generate capital gains on every transaction — sometimes dozens of transactions in a year. These are all individually captured in AIS. Many salaried investors are unaware that these automatic redemptions are taxable events and fail to report them.
3. ESOPs from Employer
Employee Stock Options are taxed at two stages:
- At exercise: Difference between fair market value and exercise price is taxable as perquisite under "Salaries" — should appear in Form 16
- At sale: Capital gain on difference between sale price and fair market value at exercise date
Many employees report only one stage or miscalculate the cost of acquisition for the capital gains computation.
4. Dividend Income Omission
After the dividend distribution tax was abolished in 2020, all dividend income became taxable in the hands of the investor at slab rates. TDS is deducted at 10% only if dividend exceeds ₹5,000 per company per year. Many investors receive dividends below this threshold with no TDS — and do not report it, unaware that it is still taxable. AIS captures all dividend credits.
Practices to Follow to Avoid Errors
- Always download and read AIS in full before starting ITR computation
- Match every item in AIS with your records and flag discrepancies
- Collect Form 16 from every employer if you worked at multiple places
- Do not use ITR-1 if you have any capital gains — switch to ITR-2
- E-verify immediately after filing — do not delay
Penalties
Penalties and Consequences for Salaried ITR Non-Compliance
Many salaried employees assume that because TDS has been deducted by their employer, they have no further tax liability and no penalty exposure. This is incorrect. The obligation to file an ITR is separate from TDS deduction, and multiple penalties and interest provisions apply specifically to return filing lapses — irrespective of whether any tax was due at the time.
In 2026, with the AIS system capturing income from banks, brokers, registrars, and other reporting entities, the risk of the department identifying unfiled or incorrectly filed returns has increased significantly.
Key Penalties and Interest Applicable to Salaried Individuals
| Default | Applicable Provision | Amount / Consequence |
|---|---|---|
| Late filing of ITR | Section 234F | ₹5,000 (₹1,000 if income ≤ ₹5 lakh) |
| Non-filing when mandatory | Section 276CC | Prosecution — imprisonment up to 7 years |
| Interest on unpaid tax | Section 234A | 1% per month from due date to actual filing date |
| Shortfall in advance tax | Section 234B | 1% per month on shortfall |
| Advance tax instalment shortfall | Section 234C | 1% per month on each instalment shortfall |
| Underreporting of income | Section 270A | 50% of tax on underreported income |
| Misreporting / concealment of income | Section 270A | 200% of tax on misreported income |
| Non-disclosure of foreign asset | Black Money Act, 2015 | ₹10 lakh per asset per year + prosecution |
Interest on Late Filing — A Real Cost
Section 234A charges interest at 1% per month (or part of month) on unpaid tax liability from the original due date until the actual date of filing. This is in addition to the late filing fee under 234F. For employees with unpaid tax at the time of filing, both charges apply simultaneously.
Example:
If an employee had ₹30,000 tax payable after TDS credit and filed 3 months late:
- Section 234A interest: ₹30,000 × 1% × 3 = ₹900
- Section 234F late fee: ₹5,000
- Total additional cost: ₹5,900 — simply for filing late
Consequences of AIS Mismatch
Where income reported in the AIS does not match the filed ITR, the department's processing system under Section 143(1) automatically raises a demand for the difference plus interest. Common triggers include:
- FD interest reported in AIS but not in ITR
- Mutual fund redemptions in AIS not reported in capital gains schedule
- Dividend income in AIS not reported under other sources
- Property sale consideration in AIS not matching ITR figures
These mismatches do not require a human officer to initiate — they are generated automatically and served as e-notices on the registered email and portal.
Non-Disclosure of Foreign Assets
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, imposes severe consequences for failing to disclose foreign bank accounts, investments, properties, or ESOPs held in foreign companies:
- Penalty of ₹10 lakh per undisclosed asset per year
- Tax at flat 30% on the value of undisclosed foreign asset
- Prosecution with imprisonment of up to 7 years
- This applies even if the asset has no taxable income — mere non-disclosure is an offence
How to Avoid Penalties
- File ITR before 31st July every year without waiting for extended deadlines
- Download and reconcile AIS in full before filing
- Clear any outstanding self-assessment tax before submitting the return
- Disclose all foreign accounts, investments, and ESOPs — even those with zero balance
- E-verify immediately after filing to complete the compliance cycle
- If a past year's return was missed, file an Updated Return (ITR-U) under Section 139(8A) within the permitted window
Important: The Income Tax Department's AIS system receives transaction data from banks, brokers, registrars, and mutual fund houses independently of what your employer reports. Any income that was not included in your Form 16 but was deposited in your bank or credited to your demat account is already visible to the department. Filing a complete and reconciled return is the safest way to avoid notices and demands.
Why Vardhan Tax
Salaried ITR filing looks simple on the surface — enter salary, claim standard deduction, submit. But the reality in 2026 is far more complex. Between AIS mismatches, capital gains from SIPs and stocks, dividend income, ESOP taxation, foreign asset disclosures, and the critical Old vs New Regime decision, salaried employees are filing returns with far more moving parts than a decade ago. An error in any one of these areas does not just mean a small correction — it can mean a demand notice, interest, or a penalty that takes months to resolve.
At VardhanTax, salaried ITR filing is handled with a document-first, reconciliation-led approach. Every return is prepared after reviewing Form 16, downloading and reconciling AIS, evaluating the correct tax regime, and verifying that all income sources are captured — before a single number is entered on the portal.
What Makes Our Salaried ITR Filing Different?
We do not treat salaried ITR as a form-filling exercise. We treat it as a complete income review and compliance submission.
- Form 16 from all employers is reviewed and combined
- AIS is downloaded and reconciled before filing — not ignored
- Capital gains from shares, mutual funds, and property are computed correctly
- Old vs New Regime is evaluated mathematically before selection
- Foreign assets and ESOP disclosures are handled with proper schedule preparation
- Return is e-verified immediately to complete the compliance cycle
Our Core Salaried ITR Support System
| Our Support | Benefit for You |
|---|---|
| Form 16 review and salary computation | Correct total salary income across all employers |
| AIS & Form 26AS reconciliation | No post-filing mismatch notices or demands |
| Old vs New Regime evaluation | Optimum tax savings — pay what is actually due |
| Capital gains computation (shares, MF, property) | Correct STCG/LTCG tax with right form |
| FD interest and dividend reporting | Complete income disclosure, accurate refund claim |
| Foreign asset and ESOP disclosure | Schedule FA/FSI filed correctly, Black Money Act compliance |
| TDS refund tracking | Faster processing and bank credit of refund |
| Notice and 143(1) demand response | Professional handling of post-filing communications |
Who We Help
- Salaried employees with basic salary return (one or two employers)
- Employees with FD income, dividends, and savings interest
- Investors with mutual fund SIP redemptions, STP/SWP gains, or stock market transactions
- Employees who sold property during the year and need LTCG computation
- Employees with ESOPs from Indian or foreign parent companies
- Individuals who worked abroad or hold foreign bank accounts and investments
- Salaried individuals who received income tax notices or demand orders from previous years
Important: If you changed jobs during the year, always collect Form 16 from both employers. Provide your previous employer's salary details to your new employer through Form 12B to avoid TDS under-deduction. If this was not done, ensure the shortfall is paid as self-assessment tax before filing — unpaid tax attracts interest under Section 234A and Section 234B from the first day of the assessment year.