Posts

Showing posts from April, 2022

ITR Filling in Jaipur

Image
  Personal ITR filling Any individual earning an income above the minimum exempted amount is liable to pay income tax. The income can be earned from any source like salary, rental income, interest income from savings, income from mutual funds, agriculture income, sale of property or business, or professional income. Income Tax Return is a form required to be filed with Income Tax Department. The format and applicability of these forms are defined by Income Tax Department. All forms have separate disclosure requirements according to the Incomes Reported. Income tax rates are finalized in the Union Budget before the start of the financial year. From Assessment Year 2021-2022, the concept of new tax regime and old tax regime has also been introduced. The government has given the option to choose between the new and old tax regimes to the taxpayers. The basic concept behind these regimes is that if you do not have investments etc to claim various deductions/exemptions under Se...