What is Personal Tax Filing?

Personal Tax Filing is the process of declaring your total income earned in a financial year and paying taxes on it as per the tax slab rates prescribed by the government. Individuals must file their returns annually with the Income Tax Department of India, and failure to do so can result in penalties, interest on unpaid taxes, and even legal implications.

Who Needs to File Personal Income Tax Returns?

Salaried Employees

Individuals earning a monthly salary and other sources of income.

Partnership Firms & LLPs

To handle e-tendering, online contract signing, and filing of compliance documents.

Individuals with Income from Investments

For directors, partners, or individuals who represent the company in online transactions, including e-banking, compliance filings, and legal documentation.

Self-Employed Professionals & Freelancers

Individuals earning income from business, freelancing, or professional activities like consulting, legal services, or medical practice.

Types of Income Tax Returns

Applicable to salaried individuals and those with income from house property or other sources (interest), provided the total income does not exceed ₹50 lakhs.

ITR-1 (Sahaj)

ITR-2

For individuals with income from capital gains, more than one house property, or foreign assets/income.

ITR-3

For individuals earning income from business or profession in addition to salary and other sources.

ITR-4 (Sugam)

Applicable to individuals opting for the presumptive taxation scheme under Section 44AD, 44ADA, or 44AE.

"Maximize your tax savings and stay compliant—hassle-free personal tax filing with expert guidance."

• Form 16: Provided by your employer, detailing your salary income, tax deductions, and TDS.

• Bank Statements & Income Details: For interest income, rental income, and other sources of income.

• Investment Proofs & Deductions: Receipts for investments made under Section 80C, 80D, etc., such as PPF, ELSS, NPS, life insurance, and medical insurance.

• Capital Gains Details: Information on the sale of stocks, real estate, mutual funds, or other assets, including dates and values.

• Home Loan & Property Details: Loan statements for housing loan interest, rental agreements, and property tax receipts for any owned properties.

Documents Required for Tax Returns

Our Personal Tax Filing Process

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Data Collection & Review

We help you gather all necessary income, deduction, and investment details. Our experts carefully review your financial information to ensure accurate and comprehensive filing.

Form Selection & Tax Computation

Based on your income sources and financial details, we select the appropriate ITR form, compute your total taxable income, and calculate your tax liability after deductions.

Filing & Submission

We prepare and file your ITR online through the Income Tax e-Filing Portal, ensuring compliance with current laws and timely submission to avoid penalties.

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Post-Filing Support & Refunds

Once your return is filed, we provide ongoing support for any corrections or notices, and assist you in tracking and claiming any eligible tax refunds.

"Maximize your tax savings and stay compliant—hassle-free personal tax filing with expert guidance."

Accurate & Timely Filing

We provide prompt tax filing services, ensuring that you meet all deadlines and avoid penalties or delays.

Affordable Pricing & Transparent Process

Our services are affordable and come with transparent pricing, making tax filing easy and stress-free.

Expert Tax Advisory & Support

Our team of experienced tax professionals ensures that your return is filed accurately, maximizing your tax savings and deductions.

Why Us ?

At Care Corporates, we offer a hassle-free and affordable solution for Income Tax Returns. Our process is designed to save you time and avoid costly mistakes

Need Help with Your Personal Tax Filing?

If you need support with your income tax return filing, let Care Corporates handle it for you. Contact us today for a consultation, and ensure your tax compliance is smooth, accurate, and efficient.

Schedule a Free Consultation today to learn more about how we can help you get started.