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Income Tax Return (ITR) Filing for Individuals
Tax season can feel overwhelming, especially when you're juggling work, family, and everything in between. But filing your individual income tax return doesn't have to be a chore. At VyavasayMitra, we connect you with seasoned Chartered Accountants who make the process straightforward and stress-free.
Whether it's your first time or you're a salaried person updating your returns, our platform ensures accuracy, timely submission, and potential refunds. Ready to take control of your finances? Let's get started – buy the service now and watch your worries fade away.
Rs. 1299/-
Rs. 899/-
Apply for ITR
Maximum Accuracy
Every return double-checked by professionals to avoid errors and penalties.
End-to-End Guidance
From paperwork to e-verification, we assist you at every step.
Flat Pricing
Upfront costs only — no hidden fees, no last-minute surprises.
ITR – Overview
What is ITR filing for individuals?
Income Tax Return (ITR) filing is the process of reporting your income, deductions, and taxes to the Income Tax Department of India. It applies to salaried employees, freelancers, business owners, and anyone earning taxable income. Filing helps you stay compliant, avoid penalties, and claim eligible refunds.
What income is reported in ITR?
- Salary and wages.
- Income from house property.
- Capital gains from shares or real estate.
- Business or side income.
- Other income such as interest or freelance work.
Why is ITR filing important?
- Prevents penalties for late filing.
- Enables refund of excess tax paid.
- Serves as proof of income for loans and visas.
- Helps in compliance with Indian tax laws.
How VyavasayMitra helps with ITR filing near you:
VyavasayMitra connects individuals with expert Chartered Accountants across India. You get:
- Step-by-step e-filing assistance.
- Guidance on choosing the right tax regime.
- Dashboard to track your return status.
- Lifetime access to uploaded documents.
ITR filing is reporting your income and taxes to the government. You need to file it for salary, house property, capital gains, or other income. You can choose between old and new tax regimes. Platforms like VyavasayMitra make e-filing simple with expert CA support near you.
Benefits of Filing ITR on Time
Filing Income Tax Returns (ITR) on time is more than just a rule. It gives you real financial advantages, helps with future planning, and keeps your records clear for banks, embassies, and government authorities.
Why File ITR?
Timely ITR filing helps you claim refunds, stay compliant, and build trust with financial institutions. It works as official income proof that makes life easier when you apply for loans, visas, or even government schemes.
Key Benefits of ITR Filing
- Claim Refunds: Get back extra tax deducted from your salary or investments.
- Stay Compliant: Avoid penalties up to ₹10,000 and monthly interest on pending taxes.
- Easy Loan & Visa Approval: ITR acts as trusted income proof for banks and embassies.
- Carry Forward Losses: Use current investment losses to reduce future tax liability.
- Verified Income Proof: Useful for high-value insurance and government benefit schemes.
- Peace of Mind: Salaried individuals get maximum advantage of deductions like HRA, 80C, and more.
Benefits at a Glance
| Benefit | Impact |
|---|---|
| Claim Refunds | Recover extra TDS deducted |
| Legal Compliance | Avoid penalties and interest |
| Loan & Visa Approvals | Accepted as income proof |
| Carry Forward Losses | Reduce future taxes |
| Income Verification | Needed for schemes & policies |
| Peace of Mind | Maximize deductions |
Documents Required for ITR Filing
Filing your income tax return is easier when you keep the right papers ready. Whether you are a salaried person, self-employed, or have multiple income sources, these are the key documents you should collect. Keeping them scanned in advance makes the process faster and smoother.
Essential ITR Documents for Individuals
- PAN Card – mandatory for all taxpayers.
- Aadhaar Card – must be linked with PAN.
- Form 16 – issued by employer, showing salary and TDS details.
- Form 26AS – tax credit summary from the IT Department.
- AIS (Annual Information Statement) – gives a complete view of income and transactions.
- Bank Statements – useful for reporting interest income and refunds.
- Salary Slips – to verify earnings and allowances.
- Investment Proofs – PPF, ELSS, insurance, or other 80C eligible investments.
- Rent Receipts – if you are claiming HRA benefits.
- Capital Gain Statements – from shares, mutual funds, or property sales.
- Loan Certificates – for home loan or education loan interest deductions.
- Donation Receipts – to claim deductions under Section 80G.
Quick Reference Table for Common Scenarios
| Category | Key Documents |
|---|---|
| Salary Income | Form 16, Salary Slips, Bank Statements |
| House Property | Rent Agreement/Receipts, Home Loan Interest Certificate |
| Capital Gains/Investments | Broker Statements, Mutual Fund Summaries, FD Interest Certificates |
| Deductions/Exemptions | 80C Proofs (LIC, PPF), Health Insurance Receipts, Donation Forms |
| Other | Form 26AS, AIS, Foreign Income Details (if applicable) |
Eligibility Criteria for ITR Filing
Income Threshold
You must file ITR if your annual income crosses the basic exemption limit: ₹2.5 lakh for individuals below 60, ₹3 lakh for those aged 60–80, and ₹5 lakh for senior citizens above 80.
Residential Status
Your tax liability depends on how long you stay in India during the year. Residents pay tax on global income, while Non-Residents pay tax only on income earned in India.
NRI Requirement
If you are an NRI earning from rent, salary, capital gains, or deposits in India, you need to file ITR.
Business and Profession
If you run a business, work as a freelancer, or earn from consulting, you must file ITR when your gross receipts exceed the limits defined under tax laws.
Foreign Assets
Indian residents holding bank accounts, investments, or property abroad must file ITR, even if their income is below the exemption limit.
Steps to File Income Tax Return Online
Filing your income tax return online is quick and hassle-free. Our guided process ensures expert CA support and smooth e-filing for individuals across India.
Simple Filing Process
- Choose Service – Select ITR Filing for Individuals and proceed to buy.
- Sign In – Log in with your email or mobile OTP for instant access.
- Secure Payment – Complete payment and get your dedicated CA case manager.
- Upload Documents – Share required documents through the dashboard.
- CA Preparation – Your CA checks Form 26AS, applies the right tax regime, and prepares the draft.
- Review & File – Approve the draft and we e-file it directly on the official income tax portal.
- E-Verification – Verify instantly with Aadhaar OTP or net banking.
- Acknowledgment – Get your ITR-V and documents, with lifetime access in your account.
Why VyavasayMitra
VyavasayMitra is a trusted business partner for entrepreneurs and enterprises in India. Since 2019, we have simplified company registration, tax filing, compliance, and finance support by connecting people to verified Chartered Accountants nearby. Think of us as more than a portal — we are your ongoing compliance ally.
What makes VyavasayMitra different?
- Expert CA Support Near You – Get matched with the right Chartered Accountant for accurate, local, and reliable advice.
- Simple Dashboard – Track progress in real time, with direct chat options on WhatsApp or email.
- Upfront Pricing – Know your costs before you begin, with no hidden charges.
- Lifetime Access to Documents – Securely store and retrieve records whenever you need them.
- Proven Reliability – Thousands of filings completed with precision and zero errors.
FREQUENTLY ASKED QUESTIONS
It’s the process of reporting your income, deductions, and taxes to the Income Tax Department using forms like ITR-1 or ITR-2. This ensures compliance and helps you claim eligible refunds.
If your income crosses the exemption limit, if you make high-value financial transactions, or if you expect a tax refund, you need to file. For salaried individuals, filing is mandatory if annual income is above ₹2.5 lakh (old regime).
Login to the official e-filing portal, choose the correct ITR form, upload income and deduction details, and submit after verification. Many people prefer professional help for accuracy.
You typically need:
- PAN and Aadhaar
- Form 16 (for salaried)
- Form 26AS or AIS/TIS
- Salary slips or bank statements
- Proof of tax-saving investments or deductions
Yes, it is mandatory if your income exceeds the exemption limit. Even if not required, filing voluntarily helps create a financial record useful for loans, visas, and compliance.
Most salaried individuals earning below ₹50 lakh file ITR-1, provided income is only from salary, one house property, or other simple sources like interest.
Yes. You can use your payslips, Form 26AS, AIS, and bank statements to calculate income and tax paid.
For non-audit cases, the deadline is September 15, 2025 (extended from July 31). Missing it may attract penalties.
- Log in at the income tax portal.
- Select the right ITR form.
- Enter salary, deductions, and TDS details.
- Upload or auto-populate data.
- Verify using Aadhaar OTP or net banking.
You can still file a belated return by December 31, 2025, but late fees (up to ₹5,000) and interest on unpaid tax may apply. Filing on time avoids these issues.