Salaried Person ITR
ITR Filing for Salaried Individuals – Classic Partners LLP
Best Salaried ITR Filing Services in Mumbai
Filing your Income Tax Return (ITR) as a salaried employee doesn’t have to be stressful. At Classic Partners LLP, our expert Chartered Accountants specialize in ITR filing for salaried persons, ensuring accuracy, compliance, and maximum tax savings. Whether your income is limited to salary or includes interest, rental income, dividends, or capital gains, we provide end-to-end ITR filing and tax advisory services tailored to your needs.
Overview
An Income Tax Return is a form used to report your annual income and taxes to the government. For salaried individuals, salary is usually the main source of income, but you may also earn from bank deposits, investments, property, or capital gains.
Under Section 139(1) of the Income Tax Act, every salaried person whose income exceeds ₹2.5 lakh (basic exemption) must file an ITR. Filing is also beneficial even when TDS is already deducted, because it allows you to:
Claim deductions under Sections 80C, 80D, 80TTA, etc.
Get refunds for excess TDS or advance tax.
Carry forward losses such as capital losses.
Use ITR as proof of income for loans, visas, and financial applications.
Documents Required for Salaried ITR Filing
Form 16 – Provided by employer with salary, deductions, and TDS details.
Form 26AS / AIS / TIS – Shows all TDS, advance tax, and self-assessment tax credits.
Bank Statements – For reporting interest income.
PAN & Aadhaar – Mandatory for filing and e-verification.
Investment Proofs – 80C (PPF, LIC, ELSS), 80D (health insurance), 80G (donations), etc.
Capital Gains Statements – If you sold property, shares, or mutual funds.
Other Income Proofs – Rental agreements, freelance invoices, dividend statements, etc.
Previous Year’s ITR Acknowledgment – Helpful for reconciliation and continuity.
Our Step-by-Step ITR Filing Process
Document Collection – Share Form 16, bank statements, investment proofs securely with Classic Partners LLP.
Verification & Consultation – Our CA verifies salary components, allowances, and income sources.
Tax Computation – Detailed income and tax calculation, reconciling Form 26AS with your income.
ITR Form Selection – We choose the correct form (ITR-1, ITR-2, etc.) based on your profile.
Review & Approval – You review draft return, deductions, and refund details before filing.
E-Filing & E-Verification – Return filed electronically, acknowledgment (ITR-V) shared instantly.
Post-Filing Support – Computation sheet, acknowledgment, and tax summaries provided.
Features & Benefits of Filing with Classic Partners LLP
Full Compliance: Avoid penalties under Section 234A/234F by filing before due date.
Maximized Tax Savings: Claim every eligible deduction and exemption.
Quick Refunds: Accurate filing ensures faster refund credit.
Carry Forward Losses: Capital losses carried forward up to 8 years.
Loan & Visa Proof: Valid ITR for financial and visa applications.
Notice Handling: Expert replies for scrutiny or defective return notices.
Tax Planning: Salary structuring, investment advice, and personalized tax strategies.
Year-Round Support: Continuous updates on tax law changes and benefits.
Why Salaried Individuals Must File ITR
Legal Compliance – Mandatory for incomes above the exemption limit.
Proof of Income – Essential for loans, credit cards, and visas.
Refunds – Claim excess TDS deducted by employer or bank.
Tax Planning – Optimize investments and reduce future liabilities.
Avoid Penalties – Non-filing leads to late fees and interest.
Our Commitment
At Classic Partners LLP, we make salaried ITR filing simple, stress-free, and tax-smart. With our dedicated CA support, you not only comply with the law but also maximize your tax savings.
