For those earning income only from Salary or Interest on Bank Deposits.
If you earn income from salary alone and/or interest from a Bank Savings account, Fixed or Recurring Deposits, there are no hassles you need be worried about. No matter the complex breakdowns of salary components, our tax expert pro-actively chooses the right deductions to apply, giving you maximum savings and minimum tax outgo.
Plan Description
Your salary is a composite of many parts including the Basic, Dearness allowance, Conveyance allowance, Medical Reimbursements, Leave Travel allowance (LTA), House Rent Allowance (HRA) and other assorted perquisites or perks.
While Basic and DA are fully taxable, for the AY 2018-19, Medical Reimbursements and Travel Allowance are also taxable, other components such as the HRA form part of tax deductions.
Salaried individuals with income from interest earned from any fixed or recurring deposits may subscribe to this plan. Interest income is taxable when it exceeds Rupees 10,000 in a year for those less than 60 years of age.
Who is this Plan for?
- Individuals with only salary income.
- Salaried individuals who additionally earn income from interest accrued on a fixed or recurring deposit account with a financial institution such as a bank.
- Individuals or Hindu Joint families who require filing a single Form 16.
- Individuals or Hindu Joint Families with income from interest earned on Fixed or Recurring Deposits exceeding Rupees 10,000 regardless of whether you’ve filed Form 15G or Form 15H.
What Do I Get?
Call-back from a tax expert and advice on documents to be submitted. Tax scrutiny and double checking for discrepancies in figures. Validation by a professional CA. Identification and Computation of tax liability. Preparation of summary sheet. E-filing of income tax return.Why Choose Us?
You get the benefits of comparative advantage obtained through specialization. Obtain top-of-the-line tech-enabled tax preparation services from one of the leading government certified e-return intermediaries in the country. Unmatched affordability across the industry. Highly experienced tax experts dedicated to your success.How to Proceed?
Sign up with us or call our Toll-Free number. We’ll create a record of your tax implications. Buy one of our subscriptions based on your tax profile. Receive a call back from the CA assigned to you. Depending on your completed profile you would be asked to submit documents to enable the CA to process your returns, apply deductions, income tax slabs, and tax exemptions or e-file form 10E. The tax expert prepares your return, verifies it with you and submits it to the tax department.FAQ
Will I get CA assistance for Presumptive Income Plan?
Will I get CA assistance for Presumptive Income Plan?