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- Complete salaried tax plan
- Income tax return with capital gains, ITR-2
- Listed shares and equity mutual fund gains, Sec 196 and 198 (old 111A and 112A; ₹1.25 lakh exemption, 31 January 2018 grandfathering)
- Return with rent from two or more properties and home loan interest, Sec 24(b)
- Talk to a CA, 15 minutes
Send any one of these to start
- Form 16
- AIS or 26AS
- Investment statement
The jobs people like you bring us
Salaried? Your ITR, filed by a CA on WhatsApp.
Send Form 16 and AIS; we pick the regime, file and e-verify.
1 working day after documentsIf you wait: Late fee ₹5,000, or ₹1,000 if income is up to ₹5 lakh (Sec 428, old 234F)
Free first stepSee your tax in 30 secondsSold shares or property? File ITR-2 the right way.
We read broker and CAS statements and file ITR-2 with every schedule.
2 to 3 working daysIf you wait: Late return: ₹5,000 fee and no carry forward of capital losses (Sec 428 and 121, old 234F and 80)
Free first stepSee the capital gains rate tableNRI with Indian income? File from abroad, stress free.
We confirm your residential status and file ITR-2 with treaty relief.
2 to 3 working daysIf you wait: Late fee ₹5,000, or ₹1,000 if income is up to ₹5 lakh (Sec 428, old 234F)
Free first stepCheck your residential status
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
Surcharge schedule: where the 37% surcharge hits and how to plan around it
- Facts
- Surcharge is additional tax on top of income tax. For individuals: • Income ₹50L to ₹1Cr: 10% surcharge • Income ₹1Cr to ₹2Cr: 15% surcharge • Income ₹2Cr to ₹5Cr: 25% surcharge • Income above ₹5Cr: 37% surcharge.
- Provisions and law
- IT Act, Sec 2(1A) | Finance Act 2023 surcharge cap on LTCG
- Analysis
- Effective rate at ₹5Cr+ income (highest bracket): Salary/business income: 30% × 1.37 × 1.04 = 42.74% LTCG on listed equity (capped surcharge): 12.5% × 1.15 × 1.04 = 14.95% Debt/MLD/structured products: 30% × 1.37 × 1.04 = 42.74%. Planning implication: For very HNI investors, the gap between equity LTCG (15%) and debt income (42.74%) is enormous. Every rupee that can be structured as LTCG on equity saves 28 percentage points of tax.
ITR for HNI: what Schedule AL requires and why it matters
- Facts
- Individuals with income above ₹50L must file Schedule AL (Assets and Liabilities) in their ITR. This discloses all assets, immovable property, financial assets, jewellery, vehicles, and liabilities.
- Provisions and law
- IT Act, Sec 263 (old 139) | ITR-2/3 Schedule AL
- Analysis
- What to include: All property at cost of acquisition (not market value). Listed investments at cost. Unlisted equity at cost. Bank deposits balance as of March 31. Gold and jewellery at cost. Loans taken. Why it matters: Schedule AL is now cross-referenced with property registration data, banking data, and MCA filings. Significant discrepancies between listed assets and known transactions trigger notices. Under-reporting assets in Schedule AL is as dangerous as under-reporting income.
Who Must Pay Advance Tax
- Facts
- Advance tax is pay-as-you-earn for non-salaried income. Missing it costs 1% per month in interest. Most freelancers, investors, and business owners are unaware until they face a ₹20,000 to 80,000 interest bill at filing.
- Provisions and law
- Sec 207; Sec 208; Sec 209; Sec 424 (old 234B); Sec 425 (old 234C)
- Analysis
- Who is exempt: Senior citizens (60+ years) with NO business income are fully exempt from advance tax. Their entire liability is paid as self-assessment tax at filing. Important: senior citizen with rental income from property + business = NOT exempt. Salaried with only salary income: Employer deducts TDS monthly. If estimated TDS equals full liability, no advance tax needed. But if you have FD interest, MF dividends, or freelance income on the side, check if advance tax applies. Presumptive taxpayers (Sec 58, Income-tax Act 2025, old Sec 44AD/44ADA): Pay entire advance tax in ONE instalment by March 15. Skip quarterly, just one payment by March 15. LTCG/STCG, special rule: Capital gains arising after March 15, pay entire tax by March 31, no Sec 425 (old Sec 234C) interest. Capital gains arising in Q3? Pay tax in Q4 instalment, not retrospectively in Q3.
- Conclusion
- Estimate total income from all sources for the financial year (April to March)
- Reduce standard deduction (₹75K salaried) and all eligible deductions (Sec 123, 126 (old Sec 80C, 80D), etc.)
- Compute tax on estimated taxable income using applicable regime and slabs
- Deduct expected TDS for the year from this tax figure
Corporate tax rates: 22% vs 15% vs 25%
- Facts
- Sec 115BAA (now Sec 200), 22% + surcharge = 25.17% effective: All domestic companies. No MAT. No exemptions/deductions (Sec 140 (old Sec 80-IAC) exception applies). One-time irrevocable election.
- Provisions and law
- IT Act, Sec 200 (old 115BAA; 22%), Sec 201 (old 115BAB; 15%), Sec 115BA (25%)
- Analysis
- Sec 115BAB (now Sec 201), 15% + surcharge = 17.01% effective: New manufacturing companies incorporated after Oct 2019 and starting production before March 31, 2024. No MAT. Lowest corporate tax rate in India. Sec 115BA, 25%: Domestic companies with turnover up to ₹400Cr in preceding year. Most startups should elect Sec 115BAA (now Sec 200), 22% with no minimum alternate tax (MAT) and no book profit complications.
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