Income Tax Return
File your Income Tax Return (ITR) accurately and on time with TaxKitab’s expert CA team. We handle all types of ITR — salaried individuals, business owners, freelancers, professionals, NRIs, companies, and HUFs. Avoid penalties, claim maximum deductions, and get your refund faster.
Serving individuals and businesses across India — Pune, Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Noida, Kolkata and all cities. 100% online. CA-verified filing. Fast turnaround.
Trusted by 3,000+ businesses across India | CA-led team | 98% referral-based | Serving Pune · Mumbai · Bengaluru · Delhi NCR & overseas since 2017
Who Must File Income Tax Return in India?
- Individuals with income above ₹2.5 lakhs (₹3 lakhs for senior citizens 60-80 years; ₹5 lakhs for super senior citizens above 80 years)
- All companies and LLPs — mandatory ITR filing regardless of profit or loss
- Individuals with foreign assets or foreign income — mandatory even if income is below threshold
- Individuals who want to carry forward losses — must file ITR to carry forward capital losses, business losses
- Individuals whose TDS was deducted — file ITR to claim refund if actual tax is lower
- NRIs with Indian income — mandatory if Indian income exceeds ₹2.5 lakhs
- Individuals with high-value transactions — electricity bill above ₹1 lakh, cash deposit above ₹1 crore, foreign travel above ₹2 lakhs
ITR Filing Due Dates for FY 2025-26 (AY 2026-27)
- Individuals (non-audit cases): 31st July 2026
- Businesses requiring audit: 31st October 2026
- Companies: 31st October 2026
- Belated return: Up to 31st December 2026 (with penalty of ₹5,000 or ₹1,000 for income below ₹5 lakhs)
What TaxKitab Does for Your ITR
ITR Filing — Which Form Applies to You?
TaxKitab manages income tax returns for salaried individuals, business owners, freelancers, company directors, HNIs and NRIs. Every return is reviewed and filed by our CA team — not automated software. Scope and fees are confirmed during a free consultation.
ITR-1 (Sahaj) — Salaried Individuals
For resident individuals with salary income, one house property, other sources (interest, dividends) and total income up to ₹50 lakhs. One Form 16, standard deductions, savings interest. Most common form for employed professionals.
ITR-2 — Salaried with Investments or Multiple Sources
For individuals and HUFs with salary income plus capital gains (mutual funds, shares, property), multiple house properties, foreign income or assets, or NRI filing. Does not cover business or professional income.
ITR-3 / ITR-4 — Business Owners, Freelancers, Professionals
ITR-3 for individuals with business or professional income with regular accounts. ITR-4 (Sugam) for businesses under presumptive taxation scheme (Section 44AD, 44ADA, 44AE) with turnover up to ₹3 crores. P&L preparation included where required.
ITR-5 / ITR-6 / ITR-7 — Firms, Companies, Trusts
ITR-5 for partnership firms and LLPs. ITR-6 for companies other than those claiming exemption under Section 11. ITR-7 for trusts, political parties and institutions. Full computation, MAT calculation, depreciation schedule and audit support available.
Important Tax Deductions You Should Not Miss
- Section 80C — Up to ₹1.5 lakhs: PPF, ELSS, LIC, home loan principal, tuition fees, NSC
- Section 80D — Medical insurance premium: up to ₹25,000 (₹50,000 for senior citizens)
- Section 80G — Donations to approved charities: 50% or 100% deduction
- Section 24(b) — Home loan interest: up to ₹2 lakhs for self-occupied property
- HRA (House Rent Allowance) — Exempt from tax based on salary and rent paid
- Section 80TTA — Savings account interest: up to ₹10,000 exemption
- Section 80EEA — Additional home loan interest deduction for affordable housing
- Section 10(13A) — HRA — House Rent Allowance exemption for salaried employees paying rent. Calculated on actual HRA received, rent paid and basic salary.
- Section 10(5) — Leave Travel Allowance (LTA) — Exempt twice in a block of 4 years for travel within India for yourself and family.
- Section 10(10) — Gratuity — Exempt up to ₹20 lakhs for government employees; up to ₹20 lakhs for non-government employees covered under the Payment of Gratuity Act.
- Section 10(10A) — Pension Commutation — Commuted pension is fully exempt for government employees; one-third or one-half exempt for others depending on gratuity receipt.
- Section 10(10D) — Life Insurance Maturity — Proceeds from life insurance policies are tax-exempt subject to premium-to-sum-assured ratio conditions.
- Section 10(14) — Special Allowances — Includes conveyance allowance, uniform allowance, research allowance and children education allowance — each with specific exemption limits.
- Section 10(38) / Section 112A — LTCG on Equity — Long-term capital gains on listed equity and equity mutual funds above ₹1 lakh taxed at 10% (no indexation). Gains up to ₹1 lakh are exempt.
Section 10 Exemptions — Income Not Included in Tax Calculation
Old Tax Regime vs New Tax Regime — Which Is Better for You?
From FY 2023-24, the new tax regime is the default. The old regime allows deductions (80C, HRA, etc.) but has higher base tax rates. The new regime has lower rates but no deductions.
TaxKitab computes your tax liability under both regimes and recommends the one that saves you more money. Most salaried employees with home loans and high investments benefit more from the old regime.
Beyond ITR Filing — Running a Business?
If you run a business, freelance practice, or rental portfolio, ITR filing is just one piece of annual compliance. TaxKitab supports the rest under one roof:
- Accounting & Bookkeeping — monthly books, reconciliation and financial statements
- GST Registration and GST Return Filing — for businesses crossing the GST threshold
- Virtual CFO Services — financial planning and MIS for growing SMEs
- Monthly Retainer Packages — bundle accounting, GST and payroll into one engagement
Cities We Serve
TaxKitab files ITR for clients across India — Pune, Mumbai, Nashik, Nagpur, Delhi NCR, Noida, Gurgaon, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, Surat, Jaipur, Indore, Bhopal, Lucknow, Kochi, and all cities. 100% online — no office visit required.
Frequently Asked Questions
Q: What is the penalty for late ITR filing?
A: Late filing fee of ₹5,000 applies if you file after the due date (₹1,000 if income below ₹5 lakhs). Additionally, if you have outstanding tax, interest at 1% per month under Section 234A applies from the due date.
Q: Can I file ITR after the due date?
A: Yes — you can file a belated return up to 31st December of the assessment year. However, you cannot carry forward losses if you file a belated return.
Q: I have capital gains from selling mutual funds — which ITR should I file?
A: If your capital gains are from equity mutual funds or stocks, you need ITR-2. TaxKitab handles complete capital gains computation with correct indexation and tax calculation.
Q: I am salaried but also do freelancing — which ITR?
A: ITR-3 or ITR-4 (if freelancing income is on presumptive basis under Section 44ADA). TaxKitab advises on the best approach for your specific situation.
Q: What documents do I need for ITR filing?
A: Form 16 (from employer), bank account statements, investment proofs (PPF, ELSS, LIC), home loan statement, rent receipts (if claiming HRA), capital gains statements (from broker or mutual fund). TaxKitab sends you a customised checklist.
Get Your ITR Filed — CA-Reviewed, No Surprises
WhatsApp or email us with a brief outline of your income sources. Our CA team will review and confirm the scope within a few hours. ITR filed within 24-48 hours of receiving complete documents.
Or WhatsApp us directly: +91 7448200422 | Email: info@taxkitab.com
Monday – Saturday: 9:30 AM – 8:00 PM | Office: Amanora Chambers, Hadapsar, Pune
MSME Registered: UDYAM-MH-26-0052802 | Trusted CA Firm Since 2017