Mr Compliance

INCOME TAX

INCOME TAX

In India, taxes on income is governed by the Income Tax Act, 1961 which covers within its ambit various provisions, rules and regulations for determination of taxable income, payment of taxes, filing of returns, assessment of income etc. Correct determination and timely payment of Income Tax and subsequent filing of Income Tax Returns is very essential in order to avoid interest and penalties.

Mr. Compliance provides you personalized tax consultancy services. We devote time to understand your needs and requirements to find best possible solutions based upon our experience and domain knowledge. Our tax consultancy services extend for Residents as well as Non-Residents including Foreign Companies.

31 January 31 March 31 July Oct-Nov
Deadline to submit your investment proofs Deadline to make investments under Section 80C Last date to file your tax return Time to verify your tax return
Deadline for Income Tax Return Filing is extended to 31st August 2019 for A.Y 2019-20 (F.Y 2018-19)

Income Tax Slabs

Income Range Tax rate applicable
Up to Rs. 2,50,000 NIL
Between Rs 2.5 lakhs and Rs 5 lakhs 5% on income exceeding Rs. 2.5 lakh (max. Rs. 12,500)
Between Rs 5 lakhs and Rs 10 lakhs 20% on income exceeding Rs. 5 lakh (max. Rs. 1 lakh) + Rs. 12,500
Above 10 lakhs 30% on income exceeding Rs. 10 lakh + Rs. 1 lakh + Rs. 12,500

WHY MR. COMPLIANCE FOR TAX E-FILING

Income Tax E-Filing with us ensures:

  • Timely filing of return
  • Safe and Secure
  • Prompt tax compliance services
  • Work handled by taxation professionals 
  • Guidance about tax planning at every step.

Income Tax Services

  • Tax Return Filing 

Mr. Compliance provides proficiency services for accurate and timely filing of your return and also takes care of your income tax file at every stage till the assessment is complete.

  • Tax Planning

Mr. Compliance will analyse tax liability based on your current income and would suggest possible alternatives to save tax liability. This would assist you in making tax saving investments         as well as planning the taxability of your business income in each quarter.

  • PAN/TAN

PAN is mandatory while filing Income tax Returns and TAN is mandatory while filing your TDS/ TCS Returns. Mr. Compliance helps you in getting PAN/TAN AND rectification or updation of details in these, if any.  

  • Digital Signature

Signing your return electronically with a digital signature enables quick filing of your return. The digital signature ensures the authenticity of the signer as well as of documents submitted with the department. We can get you your DSC in less than 2 days.

Income Tax Return Filing

Details and Documents
Details and Documents
Collection of Documents/information
Preparation of Return
Preparation of Return
Our tax professionals will prepare your return
Filing of ITR
Filing of ITR
Your ITR will be filed within set timeframe.

TYPES OF ITR RETURNS-

Income tax return varies as per the category of assesses:-

  1. For Individuals/HUF—ITR-1, ITR-2, ITR-3 & ITR-4
  2. For Company—ITR-6 &  ITR-7
  3. For Other Than Individuals and Company —ITR-5