Income Tax Return Filing for Salary Income

In this post you will get to know about Income tax return for salary persons

March 17, 2024, 2:56 p.m.

Personal Finance and Taxation

March 17, 2024, 2:56 p.m.

Personal Finance and Taxation

If you are a salaried person and your salary or total income is higher than 2.5 lakhs per annum then you have to file your income tax return because it is mandatory to file as per the Income Tax Act or Rules. If your income or salary is less than 2.5 lakh then you can file it voluntarly through income tax portal for taking the benefits or ITR Filing.

What is Income Tax

Income Tax is a type of tax which is imposed on all the citizens of India and non citizens of India who are earning in India or earingn from India or earing through India. Normally it is belived that income tax is paid by rich people and corporates but it is not true, In India tax payment liablity is defined by the income range of the individual, even a middle class person who has many dependants has to pay tax even if his salary is not enough to feed the dependents, if his salary is above a prescribed limit then he has to pay tax on his income. 

What is Income Tax Return

An income tax return (ITR) is a form that taxpayers file with the income tax authorities or revenue authorities to report their income, expenses, deductions, financials, and other relevant details for tax payment purpose or for TDS refund purpose. Every Individual or Business has to choose form ITR 1 to ITR 6 for filing purpose.

Benfits of filing Income Tax Return

By filing ITR you can take back you TDS money from the income tax department as a refund if there is no or less tax liablity compared to TDS money. Apart from TDS refund your ITR filing can help you to take foreign countries visa, taking home loan or business loan, buying properties or gifting properties and many more.

How to file Income Tax Return

If you want to file your income tax return then you can file it by yourself by taking the help of internet. You just have to visit here and have to file your income details through online mode and if don't want to file income tax return by yourself then you can take help of an expert on this, normally Chartered Accountants are the expert of Income tax but other professionals are also income tax expert such as LLB, Company Secretary, Cost Accountants and Other professionals having experiance in this such as semi qualified CAs and CA firm employees etc.

Income Tax Return filing through Moneyseth

Now suppos you don't want to file income tax return by yourself because lack of knowledge or less time then you can take our help in income tax return filing. We are a group of finance professionals which includes CAs, MBAs, Semi Qulaified CAs and other Finance professionals having practical knowledge in this field by contacting us on here 7003419137.


  • Who are liable to file income tax return

    Any individual earning more than 2.5 lakh in a year is liable to file his or her income tax return for that particular year according to income tax act. if you are confused to file your ITR then you can read out this blog post for your help.

  • ITR filing Fees for Salary Income

    ITR filing fees is nil if you are filing it by yourself but if you are filing it through professionals then ITR Filing fees for salaried person can go from 300 to 2500 or much more according to the income slab and income details. You can also take moneyseth help for your ITR Filing.

Tags - ITR Filing for Salaried Person ITR Filing for Salary Income


Kindly Login or Register to add a comment.

Related Blogs