Our Best Services
File Your
Personal Tax
Returns
Personal Tax Return Filing is the annual process wherein individuals report their income earned from various sources such as salary, investments, property, business, and other activities to the tax authorities of their respective country. This declaration includes detailing all sources of income, deductions, exemptions, and credits applicable under the tax laws.
At Future Tax, we offer professional assistance for individuals in filing their personal tax returns in India. Our expert services ensure a hassle-free and accurate tax filing process, enabling you to fulfill your tax obligations with ease.
Filing your personal tax return is not only a legal requirement but also offers several benefits:
Compliance:Fulfill your legal obligation to report your income and pay taxes.
Avoid Penalties: Avoid penalties and legal consequences for non-compliance.
Claim Deductions: Claim deductions and exemptions to minimize your tax liability.
Track Financial Health: Gain insights into your financial health and plan for the future.
Peace of Mind: Enjoy peace of mind knowing that your taxes are filed accurately and on time.
Required
Documents
for Personal Tax Filing
Form 16
Salary certificate issued by your employer
Bank Statements
Statements of all your bank accounts for the financial year
Investment Proofs
Documents supporting your investments for claiming deductions.
Other Income Proof
Proof of any other sources of income such as interest, rental income, etc.
Steps for
Personal Tax Filing:
01.
Free Consultation
Contact us for a free consultation to discuss your tax filing needs and objectives
02.
Document Collection
Provide necessary documents such as Form 16, bank statements, investment proofs, etc.
03.
Tax Planning
Develop a personalized tax planning strategy to optimize your tax position.
04.
4. Tax Return Preparation
Our experts prepare and file your tax return accurately and timely.
05.
5. Review and Submission
We review your tax return for accuracy and submit it to the Income Tax Department.
How it
Works
Gather Financial Information
Collect all relevant financial documents, including salary slips, investment proofs, interest certificates, rental income details, business income records, and any other sources of income.
Calculate Taxable Income
Compute your total income by adding all income sources. Deduct eligible exemptions (e.g., HRA, LTA) and deductions (e.g., under Section 80C, 80D) to arrive at your taxable income.
Determine Tax Liability
Apply the applicable tax rates and slabs to your taxable income to calculate your tax liability. Consider any tax credits or advance taxes paid.
File the Tax Return
Submit your tax return online through the tax authority’s e-filing portal or manually. Ensure all required documents and forms are accurately filled and submitted before the deadline to avoid penalties.
Full Control
Enjoy complete control over your business decisions.
Tax Benefits
Benefit from personal tax rates as income is considered the owner's income.
Easy to Start
Minimal regulatory requirements make it easy to start.
Low Compliance
Fewer compliance requirements compared to other business structures.
Benefits Of
Income Tax Filing
• Legal Compliance
Ensures adherence to tax laws and regulations, avoiding legal consequences and penalties for non-compliance.
• Claim Refunds
Allows individuals to claim refunds for excess taxes paid, ensuring they get back any overpaid amounts from the tax authorities.
• Proof of Income
Serves as a documented proof of income, which is essential for obtaining loans, credit cards, and visas.
• Financial Planning
Facilitates better financial planning and management by providing a clear record of income, expenses, and savings.
• Carry Forward Losses
Enables individuals to carry forward certain losses to future years, which can be set off against future income, potentially reducing future tax liabilities
Additional Services
List of Our Services
PAN and TAN Application:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Accounting and Bookkeeping:
- Keep your financial records in order with our expert services.
Compliance Services:
- Ensure your business complies with all legal requirements.
Trademark Registration:
- Protect your brand with trademark registration.
Contact Us
Drop Us a Line
Send us your messages and inquiries effortlessly through our contact form.
