🧾 What is ITR Filing for Salaried Individuals?
All salaried individuals earning more than ₹2.5 lakh per annum are legally required to file an Income Tax Return (ITR) annually. ITR-1 or ITR-2 forms are applicable depending on your income structure.
Timely and accurate ITR filing ensures:
- Refund of excess TDS
- Record of income for loan or visa
- Compliance with tax laws
- Avoidance of penalties
✅ Who Should File?
| Profile | Form Type | Applicability |
|---|---|---|
| Salary up to ₹50L, no capital gains | ITR-1 (Sahaj) | Most employees |
| Salary above ₹50L, capital gains or foreign assets | ITR-2 | High-income employees, NRIs |
| Freelancer/consultant with salary and other income | ITR-2 or ITR-3 | Mixed income profile |
📑 Documents Required
- Form 16 from all employers
- Aadhaar and PAN
- Bank account details
- Rent receipts (for HRA claim)
- Investment proofs (LIC, PPF, 80C/80D)
- Home loan interest certificate (if any)
- Capital gain statements (mutual funds, shares)
- Form 26AS and AIS download from Income Tax Portal
🛠️ Services Included
- Review of documents and Form-16
- Preparation of computation sheet
- Deduction and exemption validation
- Online ITR filing (ITR-1/ITR-2)
- E-verification and acknowledgment
- Assistance in tracking refunds
- Correction filing (if needed)
📋 Filing Process
| Step | Task | Timeline |
|---|---|---|
| 1️⃣ | Document collection and review | Day 1 |
| 2️⃣ | Drafting ITR & verification | Day 2 |
| 3️⃣ | Filing on IT portal | Day 2 |
| 4️⃣ | E-verification and final receipt | Day 3 |
🕐 Total Time: 1–3 Working Days
📌 Important Deadlines
- Last date without penalty: 31st July
- Late fee under Sec 234F: Up to ₹5,000 after deadline
- Belated return: Allowed until 31st Dec
- Revised return: Allowed if filed before deadline
💡 Why Choose SITPakz Solution (SSPL)?
- ✅ Filing handled by qualified tax experts
- 📁 Support for multiple employers and foreign income
- 🎯 Maximize tax refund through deduction planning
- 🔐 100% confidential and secure filing
- 🧾 Free advisory on tax planning
💬 Frequently Asked Questions (FAQs)
Q. Is ITR filing mandatory even if TDS is already deducted?
➡️ Yes, if your income exceeds ₹2.5L or to claim refunds.
Q. Can I file ITR without Form 16?
➡️ Yes, if you have salary slips and access to Form 26AS.
Q. What if I miss the deadline?
➡️ You can file a belated return before 31st December, with a late fee.
Q. Will I get help in tracking my refund?
➡️ Yes, we offer refund tracking support until processed.
