Get the Best Tax & Law Practitioners in Banglore - Team India

  Filing Income Tax   For Filing Income tax in India Filing income tax in India is a yearly reporting system to the income tax office. The details of the person's various Incomes are to be summarized in a specified format given by the Income-tax office in various forms like ITR-1 for salaried, ITR 3 for proprietorship, and ITR 6 for companies like that.   If you're an employee and your salary is below Rs. 50 Lac a year, you can use ITR-1 to file your income tax in India.   Applicability of Income Tax filing in India As a responsible person, if your net Income from all sources exceeds the fundamental limit of Rs.2.5Lac a year, you must file your return. If you're running a Business, your net Income attracts tax from 15 to 25% based on the Company's status. Income Tax returns e-filing. Income tax returns e-filing shall be filed using the link eportal.incometax.gov.in online only. Before gettin...