Yes, Income Tax Returns (ITR) can be filed by yourself (self-filing) online through the official income tax e-filing portal using pre-filled data. It is a straightforward process, especially for individuals with income from salary, interest, or house property (ITR-1 or ITR-4), and saves on professional fees.
Overview. The pre-filling and filing of ITR-1 service is available to registered users on the e-Filing portal. This service enables individual taxpayers to file ITR-1 either online through the e-Filing portal or by accessing the offline excel and html utility.
Yes, you can file your ITR without a CA via our DIY plans. Click here to check out the plans. What is assisted filing? Get an expert to do your taxes for an individual with all kinds of income.
ITR Filing Charges:
Salaried ITR Filing: ₹1,000/- Capital Gain / Share Gain-Loss ITR: ₹1,500/- Business ITR – 44AD Return: ₹2,000/- All other ITR Filing: ₹3,000/-
MyITReturn
The portal offers free e-filing facility to salaried employees with income less than Rs. 2.50 lakh. Taxpayers with higher income have paid plans for them, starting from Rs. 199 plus taxes.
The average cost of tax preparation by a Certified Public Accountant (CPA) in the U.S. typically ranges from $200–$500 for individual returns and $1,000–$5,000 for small business or corporate returns. Costs depend on the complexity of your taxes, the number of forms required, and your location.
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The biggest tax mistakes people make include filing late, math errors, incorrect personal info (like Social Security numbers), forgetting deductions/credits (like EITC), misreporting income, not signing forms, and making errors with bank details for direct deposit, all leading to delays, penalties, or missed savings, with using tax software or professionals helping avoid these common pitfalls.
If your annual income is more than ₹2.5 lakhs per annum, you must file Income tax* returns in our country. This limit is stretched to ₹3 lakhs for senior citizens above the age of 60. Additionally, people above the age of 75 can get exemptions from paying income tax in India.
In some cases, it is better to use an accountant in order to calculate your deductions. In other circumstances, it may be enough to use software such as TurboTax. You just need to determine how complicated your taxes are for you - and if they are too difficult to handle, go for an accountant.
Is Nil return filing mandatory? No, filing of Nil return is not mandatory. It is optional. ITR filing is mandatory only when you exceed the basic exemption limit (Rs 2.5 lakhs in case of the old regime, Rs 3 lakhs in case of the new regime).
Common ITR Filing Mistake 1: Missing the Filing Deadline
The most avoidable mistake is missing the due date. For most individual taxpayers, the deadline for FY 2024-25 is 15th September 2025 (extended from July 31).
Just because you reside in the U.S. does not mean you have to go back to India to file your Indian income tax return. Today, there exists a process of electronically filing your returns, allowing you to do your job without having to physically go to India.
Steps to File KRA Returns:
Access the iTax Portal: Visit the iTax platform at https://itax.kra.go.ke/KRA-Portal/. Log In: Enter your PIN and password to access your account. Navigate to Returns: Click on 'e-Returns' or select 'Returns' from the menu, then click on 'File Returns. '
Here are the current states with the highest state taxes, including states with the highest top rates or flat rates:
As an NRI, PIO, or OCI, you may be required to file tax returns in India if your Indian income surpasses the specified threshold or if you seek to claim refunds for excess tax deductions. While filing an ITR is mandatory only under certain circumstances, voluntary filing can be beneficial in many ways.
Simple Steps to file ITR Online
Timely filing of ITR is always better than risking penalties, interest, and compliance issues. For AY 2025-26 , the maximum penalty for late filing is ₹5,000 under Section 234F, but the indirect costs—loss of carry forward, delayed refunds, reduced credibility—can be much higher.
Tax Preparation: If you hire an accountant to prepare your tax return, these fees are typically 100% deductible. Tax Advice: Similarly, if you consult with your accountant for tax advice, those fees can also be deductible.
With the Indian government going digital, income tax return (ITR) filing is now easier than ever. Tax2win's AI-powered DIY ITR filing platform is designed to make the process quick and hassle-free. With our self filing facility, you can file your ITR seamlessly, even without a CA.