<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Fill ITR - Rightsofemployees.com</title>
	<atom:link href="https://www.rightsofemployees.com/tag/fill-itr/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.rightsofemployees.com</link>
	<description>Know Your Rights</description>
	<lastBuildDate>Fri, 14 Jul 2023 11:31:57 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0.4</generator>

<image>
	<url>https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png</url>
	<title>Fill ITR - Rightsofemployees.com</title>
	<link>https://www.rightsofemployees.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>ITR Filing: These people will not have to fill ITR this year, exemption due to income tax rules</title>
		<link>https://www.rightsofemployees.com/itr-filing-these-people-will-not-have-to-fill-itr-this-year-exemption-due-to-income-tax-rules/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Fri, 14 Jul 2023 11:31:57 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[exempted from filing income tax.]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Return Filling]]></category>
		<category><![CDATA[Income Tax Rules]]></category>
		<category><![CDATA[ITR Filing]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=19544</guid>

					<description><![CDATA[<p>Income Tax Return Filling Last Date: More than 2 crore taxpayers have filed ITR for FY 2022-23. Taxpayers who have crossed a certain age limit are exempted from filing ITR. However, they have to fulfill some conditions. According to the Income Tax Department, people earning 3 lakh or more annually should file ITR. More than [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-filing-these-people-will-not-have-to-fill-itr-this-year-exemption-due-to-income-tax-rules/">ITR Filing: These people will not have to fill ITR this year, exemption due to income tax rules</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Income Tax Return Filling Last Date: More than 2 crore taxpayers have filed ITR for FY 2022-23. Taxpayers who have crossed a certain age limit are exempted from filing ITR. However, they have to fulfill some conditions.</p>
<p>According to the Income Tax Department, people earning 3 lakh or more annually should file ITR. More than 2 crore taxpayers have filed ITR for FY 2022-23. The last date for filing ITR is 31 July 2023. In such a situation, taxpayers should file the return before the end of the deadline. However, some categories of people are exempted from filing income tax.</p>
<p>Under Section 194P of the Income Tax Act, 1961, relief has been provided to select senior citizens from filing income tax returns. However, they have to fulfill the eligibility conditions to avoid the compulsion of filing ITR.</p>
<p><strong>Who is exempted from filing ITR u/s 194P</strong></p>
<p>Senior citizen is a resident of India and has attained the age of 75 years or more during the previous year i.e. FY 2022-23 (ending March 31, 2023) Exempted from filing ITR. Such senior citizens should not have any other income other than pension. However, such people can get interest income from the same bank in which they get their pension.</p>
<p><strong>Be sure to keep this in mind</strong></p>
<p>According to the notification of the Central Government, senior citizens can submit the declaration form in the bank where pension and interest income comes. The details should be included in the declaration as per rules. Such senior citizens will come in two categories, in the first category no tax will have to be paid and in the second category people will have to pay tax.</p>
<p><strong>Who will file ITR after the death of taxpayers</strong></p>
<p>According to income tax rules, whoever is the legal heir of the deceased person will have to file ITI in the name of the deceased. This return will be filed for the income that has been earned in the name of the deceased person. For this, first of all, the successor has to register himself legally. The heir can not only file income tax return in the name of the deceased person but can also claim refund.</p><p>The post <a href="https://www.rightsofemployees.com/itr-filing-these-people-will-not-have-to-fill-itr-this-year-exemption-due-to-income-tax-rules/">ITR Filing: These people will not have to fill ITR this year, exemption due to income tax rules</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Income Tax Return: Taxpayers should keep these documents ready before ITR filing, check list here</title>
		<link>https://www.rightsofemployees.com/income-tax-return-taxpayers-should-keep-these-documents-ready-before-itr-filing-check-list-here/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Fri, 16 Jun 2023 09:29:14 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[ITR Filing]]></category>
		<category><![CDATA[Taxpayers]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=18035</guid>

					<description><![CDATA[<p>Income Tax Return: Today we are telling you here which documents will be needed before filing ITR for the financial year 2022-23. The process of filing Income Tax Return has started. Income Tax Department has issued new forms to fill ITR. Changes have also been made in some forms. The last date for filing ITR [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/income-tax-return-taxpayers-should-keep-these-documents-ready-before-itr-filing-check-list-here/">Income Tax Return: Taxpayers should keep these documents ready before ITR filing, check list here</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Income Tax Return: Today we are telling you here which documents will be needed before filing ITR for the financial year 2022-23.</p>
<p>The process of filing Income Tax Return has started. Income Tax Department has issued new forms to fill ITR. Changes have also been made in some forms. The last date for filing ITR is 31 July 2023. If an income tax payer wants, he can also file his ITR. Now returns are filed online. Even sitting at home, you can handle this important work very easily.</p>
<p>To file the return (ITR Filing), you will have to do some preparation in advance. You have to collect the necessary documents with you while filing ITR. By the way, even if you get the returns filed by the CA, you have to collect the documents related to income and expenses and give them to the CA. We are telling you which documents will be required before filing ITR.</p>
<p><strong>1. Form 16</strong></p>
<p>If you are a salaried individual, then this is one of the most important documents for you to file your ITR. Form 16 is a kind of TDS certificate, which is considered the most important document during ITR filing. It is mandatory for the employer to issue it to its employees. This form is in two parts, in which tax deduction in salary is mentioned on behalf of your employer during a financial year.</p>
<p><strong>2. Home loan statement from Bank/NBFC</strong></p>
<p>If you have taken home loan from any bank or other financial institution, do not forget to collect the loan statement for the last financial year. It will provide you the break up details of how much principal and interest has been repaid by you. This statement is required as both proof of source of information and proof for filing your income tax return. Under section 24, you can take advantage of the exemption of home loan interest payment.</p>
<p><strong>3. Tax Saving Investment Proof</strong></p>
<p>All tax saving investments and expenses are eligible for deduction under section 80C, 80CCC and 80CCD. Through this, you can claim tax savings of only Rs 1.50 lakh during a financial year. You need to carry these investment proofs with you.</p>
<p><strong>4. Bank and Post Office Interest Certificates</strong></p>
<p>In this year&#8217;s ITR forms, information will also be sought from taxpayers about the source of interest income, such as interest on savings account or interest on fixed deposits or interest on other income. Usually the interest income earned is taxable, but if the interest income is up to Rs 10,000 during a year, you can claim it under section 80TTA of Income Tax.</p>
<p><strong>5. Securities Statement</strong></p>
<p>Securities Statement or Holding Statement provides a comprehensive record of all transactions relating to securities like equity, mutual funds, bonds and debentures during the financial year.</p>
<p><strong>6. Documents related to capital gain</strong></p>
<p>If you have received capital gain through sale of property, mutual funds and equity shares, then you should also keep its documents with you. You have to mention this during ITR filing.</p>
<p>7. It is mandatory to provide Aadhaar details to successfully file Aadhaar Card ITR. As per section 139AA of the Income Tax Act, it is mandatory to mention Aadhaar during ITR filing.</p>
<p><strong>8. Details of all the banks</strong></p>
<p>If you have multiple bank accounts, then you will have to give details of all the bank accounts. In case of not doing this, you can also come in difficulties. So do not forget to give this information during ITR filing.</p>
<p><strong>9. Salary Slip</strong></p>
<p>In this time&#8217;s ITR forms, you will also have to provide your salary slip, in which your salary breakup will be mentioned. It will contain all the information like your basic salary, dearness allowance and house rent allowance.</p><p>The post <a href="https://www.rightsofemployees.com/income-tax-return-taxpayers-should-keep-these-documents-ready-before-itr-filing-check-list-here/">Income Tax Return: Taxpayers should keep these documents ready before ITR filing, check list here</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Income Tax: A big update has come for those who fill ITR, now it is very important to fill this form, otherwise&#8230;</title>
		<link>https://www.rightsofemployees.com/income-tax-a-big-update-has-come-for-those-who-fill-itr-now-it-is-very-important-to-fill-this-form-otherwise/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Sun, 28 May 2023 05:32:31 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[filing Income Tax Return]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[form]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Income Tax Return Form]]></category>
		<category><![CDATA[ITR forms]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=17084</guid>

					<description><![CDATA[<p>Income Tax Return Form: The process of filing Income Tax Return has started. People are also filing their income tax returns. On the other hand, people whose income is taxable in India are also required to file income tax return. However, while filing income tax return, some things should be kept in mind. Actually, whenever [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/income-tax-a-big-update-has-come-for-those-who-fill-itr-now-it-is-very-important-to-fill-this-form-otherwise/">Income Tax: A big update has come for those who fill ITR, now it is very important to fill this form, otherwise…</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income Tax Return Form: The process of filing Income Tax Return has started. People are also filing their income tax returns. On the other hand, people whose income is taxable in India are also required to file income tax return.</strong></p>
<p>However, while filing income tax return, some things should be kept in mind. Actually, whenever income tax return is filed, different forms are used. Income tax return should be filed according to these forms. Let&#8217;s know about them&#8230;</p>
<p>In total there are around 9 types of ITR forms available for a taxpayer to file his tax. However, according to the Central Board of Direct Taxes in India, only the following forms should be taken care of by individuals while filing returns-</p>
<p>ITR-1<br />
ITR 2<br />
ITR-2A<br />
ITR 3<br />
ITR 4<br />
ITR 4S</p>
<p>The following income tax return forms are applicable only for companies and firms:</p>
<p>ITR-5<br />
ITR-6<br />
ITR-7</p>
<p>ITR-1<br />
Also known as Sahaj Form, this income tax return form is filed by an individual taxpayer only. Any other assessee liable to pay tax is not eligible to avail this form for filing his return. This form is applicable for the following people-</p>
<p>&#8211; A person who earns his income through salary or other means like pension.<br />
A person who earns his livelihood from a single house property.<br />
-A person who does not have any income from any other business or who does not have any income from the sale of any asset, i.e. capital gains<br />
&#8211; Individuals who do not have any property or assets in countries other than India.<br />
&#8211; A person who does not have any source of income from any country outside India.<br />
&#8211; A person whose income from agriculture is less than Rs.5000.<br />
&#8211; A person whose source of income is from various investments or sources like investments, schemes or fixed deposits etc.<br />
&#8211; Individuals who have not earned income from any windfall income like lottery, horse race etc.<br />
Individuals who wish to pool the income of their spouse or minor child with their own, as long as the income is to be clubbed as per the criteria mentioned above.</p>
<p><strong>ITR-2A</strong></p>
<p>Form ITR-2A is a new income tax return form introduced in the assessment year 2015-16. This form can be used by a Hindu Undivided Family (HUF) or an individual taxpayer. ITR-2A form is applicable for the following people:</p>
<p>&#8211; People whose source of income is through means like salary or pension.<br />
&#8211; People who are also earning income from more than one housing property.<br />
&#8211; A person who has no income from any other business or who has no income from the sale of any asset, ie capital gain.<br />
&#8211; People who earn income from various investments or sources like fixed deposits, investments, shares etc.<br />
&#8211; A person who does not have any property or assets in countries other than India.<br />
&#8211; A person who does not have any source of income from any country outside India.<br />
A person whose income from agriculture is less than Rs.5,000.<br />
&#8211; Individuals who have not earned income from windfall gains such as lotteries or horse races.</p>
<p><strong>ITR 2</strong></p>
<p>ITR-2 form is a type of ITR form which is generally used by individuals who have earned income through sale of property or assets. Also, this form is useful for individuals who earn income from countries outside India. In most cases, individuals or Hindu Undivided Families (HUFs) can avail this form for filing their IT returns.</p>
<p><strong>ITR 3</strong></p>
<p>The ITR-3 form is useful for an individual taxpayer or a Hindu Undivided Family, who work solely as partners in a firm, but who do not carry on any business under the firm. It is also applicable to persons who do not earn any income from the business carried on by the firm. This form is usually filed through those taxpayers whose taxable income earned from business is only in the form of Salary, Commission, Bonus, Interest, Remuneration.</p>
<p><strong>ITR 4</strong></p>
<p>This type of ITR form is useful for individuals who do business or who earn income through any profession. This form is applicable to all types of business, undertaking or profession, without any limit on the income earned. Taxpayers can club any income from windfall profits, speculation, salary, lottery, residential properties, etc. with the income earned from their business. Individuals with any profession ranging from shopkeepers, doctors or designers to agents, retailers and contractors are eligible to file their ITR using this form.</p>
<p><strong>ITR 4S</strong></p>
<p>Also known as the Sugam form, ITR-4S form can be used by any individual or Hindu Undivided Family (HUF) to file their income tax return. This form is applicable to the following persons:</p>
<p>&#8211; Those persons who earn income from any business.<br />
Individuals earning income from single house property.<br />
&#8211; Individuals who do not earn income by way of sale of property or assets in India: Capital gains.<br />
&#8211; Individuals whose income from agriculture is less than Rs.5,000.<br />
Individuals who do not have any property or assets in countries other than India.<br />
Individuals who do not earn income from any country outside India.<br />
This form is useful in special circumstances and is applicable to businesses where the income earned is based on the estimated method of computation.</p>
<p><strong>ITR-5</strong></p>
<p>The ITR-5 form is used for filing income tax return only by the following entities:</p>
<p>-Firms<br />
-Limited Liability Partnership (LLP)<br />
-Body of Individuals (BOI)<br />
-Association of Persons (AOP)<br />
-Cooperative Societies<br />
-Artificial Juridical Persons<br />
-Local Authorities</p>
<p><strong>ITR-6</strong></p>
<p>ITR-6 form is used by all companies except those companies or organizations that claim tax exemption as per section 11. Organizations that can claim tax exemption as per section 11 are those organizations in which the income derived is accumulated from property used for religious or charitable purposes. This special income tax return form is available for online filing only.</p>
<p><strong>ITR-7</strong></p>
<p>Individuals or companies who are required to submit their return under the following sections are required to file their income tax return through ITR-7:</p>
<p>&#8211; Section 139(4A): Under this section, return can be filed by a person who receives income from any property held in the form of a trust or legal obligation for charitable or religious purposes Is.<br />
&#8211; Section 139(4B): Under this section, returns are to be filed by political parties, provided their total income exceeds the non-taxable limit.<br />
&#8211; Section 139(4D)- Under this section, the return is to be filed through a college, university or any other such institution which is not required to provide return of income or loss in accordance with the other provisions mentioned in this section.<br />
Section 139(4C): Under this section, returns are to be filed by the following entities:</p>
<p>Any institution or association specified under section 10(23A).<br />
Any association engaged in scientific research.<br />
Any institution referred to in section 10(23B).<br />
Any news agency.<br />
Any fund, medical institution or educational institution.</p><p>The post <a href="https://www.rightsofemployees.com/income-tax-a-big-update-has-come-for-those-who-fill-itr-now-it-is-very-important-to-fill-this-form-otherwise/">Income Tax: A big update has come for those who fill ITR, now it is very important to fill this form, otherwise…</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Income tax notice: Why does the Income Tax Department send notice under section 143(1)? What does it mean, know here…</title>
		<link>https://www.rightsofemployees.com/income-tax-notice-why-does-the-income-tax-department-send-notice-under-section-1431-what-does-it-mean-know-here/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Thu, 12 Jan 2023 05:00:12 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[Income Tax Notice]]></category>
		<category><![CDATA[income tax notice come]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=9702</guid>

					<description><![CDATA[<p>Income tax notice: The Income Tax Department keeps the news of every person who pays income tax. It is mandatory for every person who pays tax (Income Tax Payer) to fill ITR (Income Tax Return).  In such a situation, many rules have been made by the department regarding filling of ITR. If you violate these rules or [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/income-tax-notice-why-does-the-income-tax-department-send-notice-under-section-1431-what-does-it-mean-know-here/">Income tax notice: Why does the Income Tax Department send notice under section 143(1)? What does it mean, know here…</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income tax notice: The Income Tax Department keeps the news of every person who pays income tax. It is mandatory for every person who pays tax (Income Tax Payer) to fill ITR (Income Tax Return). </strong></p>
<p><span>In such a situation, many rules have been made by the department regarding filling of ITR. If you violate these rules or make some mistakes in filling ITR, then a notice is issued by the Income Tax Department. One such notice is Letter of Intimation, which is sent under section 143(1) of Income tax notice. Let us know when and why this notice comes.</span></p>
<p><strong><span>What is letter of intimation?</span></strong></p>
<p><span>Letter of Intimation is a kind of notice which tells whether the tax paid by you is correct or not. While filing income tax return, if you have made any mistake in filling the interest information, or if any other minor mistake has been made, then you may get such a notice. This notice tells that whatever mistakes you have made while filing income tax return, correct them.</span></p>
<p><strong><span>When can income tax notice come?</span></strong></p>
<ul>
<li><span>If you have paid less tax than your liability while filing income tax return.</span></li>
<li><span>While filing income tax return, if you have paid more tax than your liability, or if you have paid the correct tax. </span></li>
<li><span>Experts believe that such notice often comes to every tax payer. If you do not receive such a notice, you can assume that your return has not been processed.</span></li>
</ul>
<p><strong><span>Reply to the notice soon</span></strong></p>
<p>This type of notice is sent on the mail by the Income Tax Department. The tax notice under 143(1) is called Notice of Demand. That is, if you have any outstanding tax liability, then you should pay it within 20 days from the date of receipt of this message. If you delay in this, then after 30 days have passed, you will have to pay monthly interest at the rate of one percent.</p>
<p>&nbsp;</p><p>The post <a href="https://www.rightsofemployees.com/income-tax-notice-why-does-the-income-tax-department-send-notice-under-section-1431-what-does-it-mean-know-here/">Income tax notice: Why does the Income Tax Department send notice under section 143(1)? What does it mean, know here…</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR Filing Alert: Fill ITR by December 31, if you miss, you will have to pay a fine of Rs 10,000</title>
		<link>https://www.rightsofemployees.com/itr-filing-alert-fill-itr-by-december-31-if-you-miss-you-will-have-to-pay-a-fine-of-rs-10000/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Wed, 28 Dec 2022 13:29:59 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Fill ITR by December 31]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[ITR Filing Alert]]></category>
		<category><![CDATA[pay a fine]]></category>
		<category><![CDATA[Taxpayers]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=9101</guid>

					<description><![CDATA[<p>Taxpayers who could not file their ITR till 31 July 2022 for some reason, the government has given them another chance. They can fill their ITR till 31 December 2022. However, for this they will now have to pay a late fee of Rs 5000. If still they do not file ITR, then next year [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-filing-alert-fill-itr-by-december-31-if-you-miss-you-will-have-to-pay-a-fine-of-rs-10000/">ITR Filing Alert: Fill ITR by December 31, if you miss, you will have to pay a fine of Rs 10,000</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Taxpayers who could not file their ITR till 31 July 2022 for some reason, the government has given them another chance. They can fill their ITR till 31 December 2022. However, for this they will now have to pay a late fee of Rs 5000.</strong></p>
<p>If still they do not file ITR, then next year this fee will be double i.e. Rs 10,000. Keep in mind that this does not include those people for whose ITR audit is necessary. There is also some relief in this for such people whose total income does not exceed Rs.5 lakh.</p>
<p>Dr. Suresh Surana, founder of RSM India, says that for those whose total income does not exceed Rs. 5 lakh, the late fee will also be limited to Rs. 1000 only. Significantly, late filing of ITR is not only late fee but also interest has to be paid on tax. This interest is charged on a monthly basis. As per the IT Act, interest up to 1% can be levied on the amount of tax.</p>
<p><strong>What will happen if ITR is not filed?</strong></p>
<p>Suresh Surana explains that if the income tax payer does not file ITR in time, the Income Tax Department has the right to impose a fine equal to 50% of the unreported income on the taxpayer. If the department feels that the ITR has not been filed intentionally, then the defaulter can be jailed for 6 months to 7 years. If the amount of tax evasion is less than 25 lakh rupees, then the jail will be within 3 months to 2 years.</p>
<p><strong>PAN-Aadhaar link</strong></p>
<p>Tell that you need to link PAN and Aadhaar card to fill ITR. If you have not done this then you will not be able to file ITR. The last date for linking PAN with Aadhaar has also passed, so if you do this work now, you will have to pay a fine of Rs 1000 for this also. You can also complete the work of linking PAN with Aadhaar along with filing income tax return on the Income Tax website.</p>
<p><a href="https://www.youtube.com/watch?v=SSU3Trdo5xQ&amp;t=2s" target="_blank" rel="noopener"><img fetchpriority="high" decoding="async" class="alignnone wp-image-9096 size-full" src="https://www.rightsofemployees.com/wp-content/uploads/2022/12/FD-234.jpg" alt="" width="635" height="359" srcset="https://www.rightsofemployees.com/wp-content/uploads/2022/12/FD-234.jpg 635w, https://www.rightsofemployees.com/wp-content/uploads/2022/12/FD-234-300x170.jpg 300w" sizes="(max-width: 635px) 100vw, 635px" /></a></p><p>The post <a href="https://www.rightsofemployees.com/itr-filing-alert-fill-itr-by-december-31-if-you-miss-you-will-have-to-pay-a-fine-of-rs-10000/">ITR Filing Alert: Fill ITR by December 31, if you miss, you will have to pay a fine of Rs 10,000</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Filing ITR without penalty: Good news! fill ITR without penalty till this date</title>
		<link>https://www.rightsofemployees.com/filing-itr-without-penalty-good-news-fill-itr-without-penalty-till-this-date/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Tue, 27 Dec 2022 10:01:27 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[filing ITR]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[fill ITR without penalty]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[itr]]></category>
		<category><![CDATA[ITR returns]]></category>
		<category><![CDATA[Revised ITR]]></category>
		<category><![CDATA[Tax returns]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=9024</guid>

					<description><![CDATA[<p>Income Tax Return: The last date of 31 July 2022 was fixed by the Income Tax Department to file the Income Tax Return (ITR) for the financial year 2021-22. More than 5 crore taxpayers had filed ITR at the stipulated time. But many people were having trouble in filing tax returns (ITR) and could not [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/filing-itr-without-penalty-good-news-fill-itr-without-penalty-till-this-date/">Filing ITR without penalty: Good news! fill ITR without penalty till this date</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income Tax Return: The last date of 31 July 2022 was fixed by the Income Tax Department to file the Income Tax Return (ITR) for the financial year 2021-22. More than 5 crore taxpayers had filed ITR at the stipulated time.</strong></p>
<p>But many people were having trouble in filing tax returns (ITR) and could not do this important work on time. If you have not been able to file ITR yet, then you can file ITR till 31 December 2022. You will have to pay late fees for late filing of ITR returns.</p>
<p><strong>Penalty is charged from the tax payer</strong></p>
<p>Filing of late ITR (ITR) is called income tax return only. It is filed when it is filed after the last date. In this case penalty is charged from the tax payer. On the other hand, revised return is called when it is filed again if there is any mistake while filing ITR. The last date to file Revised ITR is also 31st December.</p>
<p><strong>The last date for revised ITR</strong></p>
<p>has been specified for late ITR filing under section 139(4) of the Income Tax Act, 1961. At the same time, the revised ITR is filed under section 139 (5). Revised ITR can be filed up to three months before the completion of the financial year.</p>
<p><strong>Zero late fee will have to be paid in this condition.</strong></p>
<p>If ITR is not filed till the last date, a late fee of up to Rs 5,000 can be charged under 234A. However, those with an income of Rs 5 lakh or less will have to pay a penalty of Rs 1000. If your taxable income is Rs 2.5 lakh or less, then you will not have to pay any penalty.</p>
<p><strong>Important rules for Revised ITR</strong></p>
<p>If you have made any mistake while filing ITR, then you can file Revised ITR. You can submit both the ITR forms till 31st December. Let us tell you that you can file revised ITR more than once. For this you have to take care of the last date.</p>
<p><a href="https://www.youtube.com/watch?v=7A5C8kmdSx0&amp;t=2s" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-8971 size-full" src="https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890.jpg" alt="" width="632" height="362" srcset="https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890.jpg 632w, https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890-300x172.jpg 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></p><p>The post <a href="https://www.rightsofemployees.com/filing-itr-without-penalty-good-news-fill-itr-without-penalty-till-this-date/">Filing ITR without penalty: Good news! fill ITR without penalty till this date</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR Filing Rules: Good news for ITR filers, Income Tax Department started a big facility</title>
		<link>https://www.rightsofemployees.com/itr-filing-rules-good-news-for-itr-filers-income-tax-department-started-a-big-facility-45678/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Tue, 27 Dec 2022 08:05:20 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[FINANCE]]></category>
		<category><![CDATA[big facility]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[giving big facility]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[ITR filers]]></category>
		<category><![CDATA[ITR Filing Rules]]></category>
		<category><![CDATA[ITR returns]]></category>
		<category><![CDATA[pay income tax]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=9017</guid>

					<description><![CDATA[<p>ITR Filing Rules: Many times due to non-availability of necessary documents, or due to non-updation, people&#8217;s income tax return remains stuck in half and people may forget to file their return. The Income Tax Department is taking special steps for such people. There is important news for those who pay income tax. Now you are [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-filing-rules-good-news-for-itr-filers-income-tax-department-started-a-big-facility-45678/">ITR Filing Rules: Good news for ITR filers, Income Tax Department started a big facility</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>ITR Filing Rules: Many times due to non-availability of necessary documents, or due to non-updation, people&#8217;s income tax return remains stuck in half and people may forget to file their return. The Income Tax Department is taking special steps for such people.</strong></p>
<p>There is important news for those who pay income tax. Now you are going to get a big advantage. If you also fill your income tax return regularly, and for some reason have not been able to complete your filing, then now information is being given by the department in this regard. The department is sending information to such people telling where their filing is stuck and how much has been filled.</p>
<p><strong>Income tax department is giving big facility</strong></p>
<p>Many times, due to non-availability of necessary documents, or due to non-update, people&#8217;s income tax return remains stuck in half and people may forget to file their return. Many times such cases also come to the fore that after the due date is over, people lazily do not file ITR returns. In such a situation, the Income Tax Department is now alerting these people by sending messages.</p>
<p><strong>It is necessary to fill ITR</strong></p>
<p>Significantly, it is mandatory to fill ITR only for those who come under the purview of income tax. Under this, those whose annual income exceeds Rs 2.5 lakh must file income tax returns. It is necessary to file ITR. Under the Income Tax Act, the exemption limit has been fixed at Rs 3 lakh for senior citizens and Rs 5 lakh for very senior citizens, that is, it becomes mandatory for you to pay tax if you have income above this. Even if your TDS is being deducted somewhere, you still need to pay income tax. It is also necessary to verify ITR after ITR filing.</p>
<p><strong>Verify online</strong></p>
<p>If you have not verified the ITR, then there is no point in filing your return, that is, your return will be treated as cancelled. You can use Aadhaar OTP or EVC generated through bank account, net banking or demat account to verify ITR. Apart from this, you can also verify it using Digital Signature Certificate (DSC).</p>
<p><a href="https://www.youtube.com/watch?v=7A5C8kmdSx0&amp;t=2s" target="_blank" rel="noopener"><img decoding="async" class="alignnone wp-image-8971 size-full" src="https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890.jpg" alt="" width="632" height="362" srcset="https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890.jpg 632w, https://www.rightsofemployees.com/wp-content/uploads/2022/12/Credit-Card-4567890-300x172.jpg 300w" sizes="(max-width: 632px) 100vw, 632px" /></a></p><p>The post <a href="https://www.rightsofemployees.com/itr-filing-rules-good-news-for-itr-filers-income-tax-department-started-a-big-facility-45678/">ITR Filing Rules: Good news for ITR filers, Income Tax Department started a big facility</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR Filing Rules Change: It is necessary to fill ITR for these people, see the new rules immediately</title>
		<link>https://www.rightsofemployees.com/itr-filing-rules-change-it-is-necessary-to-fill-itr-for-these-people-see-the-new-rules-immediately/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Thu, 28 Jul 2022 13:50:48 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[ITR Filing]]></category>
		<category><![CDATA[senior citizens]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1580</guid>

					<description><![CDATA[<p>Income Tax Return: If you are earning Rs 2.5 lakh or more in a year, then it becomes necessary for you to submit Income Tax Return (ITR) form. This time the last date for filing ITR has been fixed as 31st July 2022. The Income Tax Department has made it clear for the time being [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-filing-rules-change-it-is-necessary-to-fill-itr-for-these-people-see-the-new-rules-immediately/">ITR Filing Rules Change: It is necessary to fill ITR for these people, see the new rules immediately</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong> Income Tax Return:</strong> If you are earning Rs 2.5 lakh or more in a year, then it becomes necessary for you to submit Income Tax Return (ITR) form. This time the last date for filing ITR has been fixed as 31st July 2022.</p>
<p>The Income Tax Department has made it clear for the time being that it is not going to extend the last date of ITR filing this time. In such a situation, now you have five days left for ITR filing. Today we are telling you the process and other important things related to online ITR filing..</p>
<p><strong>Who should fill ITR</strong></p>
<ul>
<li>All citizens up to the age of 60 years with an annual income of Rs 2.5 lakh or more</li>
<li>Citizens above 60 years and up to the age of 80 years with annual income above Rs 3 lakh</li>
<li>All senior citizens above 80 years of age with annual income above Rs 5 lakh</li>
</ul>
<p><strong>How to choose the right form</strong></p>
<ul>
<li>The Income Tax Department has introduced seven forms for ITR filing this year.</li>
<li>There is ITR-1 form for salaried and pensioners with annual income up to Rs 50 lakh.</li>
<li>ITR-3 form is basically for business or any specialist professional.</li>
<li>ITR-5, 6 and Form 7 are for companies, firms, LLPs or institutions.</li>
<li>Salaried or pensioner to fill ITR-4 form on income above 50 lakhs. Information about income from other sources can also be given in this.</li>
<li>ITR-2 form is there for taxpayers having income above Rs 50 lakh and having two houses. This form is also for those earning more than five thousand rupees from farming or capital gains from shares or mutual funds.</li>
</ul>
<p><strong>Note</strong> &#8211; Taxpayers can approach the investment advisor in case of problem in ITR filing.</p><p>The post <a href="https://www.rightsofemployees.com/itr-filing-rules-change-it-is-necessary-to-fill-itr-for-these-people-see-the-new-rules-immediately/">ITR Filing Rules Change: It is necessary to fill ITR for these people, see the new rules immediately</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR new guideline: Government has issued a new guideline for those who fill ITR, check immediately</title>
		<link>https://www.rightsofemployees.com/itr-new-guideline-government-has-issued-a-new-guideline-for-those-who-fill-itr-check-immediately/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Wed, 27 Jul 2022 11:29:22 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[E-Verify ITR]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Update]]></category>
		<category><![CDATA[itr]]></category>
		<category><![CDATA[ITR new guideline]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1527</guid>

					<description><![CDATA[<p>Income Tax Update: Let us tell you that the last date for filling ITR is near, if you have not filled it yet, then you have only a few days left, if you are not able to fill it before this date, then your filing may be invalid. The last date to file ITR is [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-new-guideline-government-has-issued-a-new-guideline-for-those-who-fill-itr-check-immediately/">ITR new guideline: Government has issued a new guideline for those who fill ITR, check immediately</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income Tax Update:</strong> Let us tell you that the last date for filling ITR is near, if you have not filled it yet, then you have only a few days left, if you are not able to fill it before this date, then your filing may be invalid.</p>
<p>The last date to file ITR is July 31 and the government has told that there is no idea to extend it. In such a situation, now you have only 5 days left, and if you have not yet paid the tax, then fill it immediately. Not only this, if you are going to file Income Tax Return (ITR), then keep in mind that it is mandatory to be verified, otherwise your filing will not be valid.</p>
<p><strong>Verification is mandatory</strong></p>
<p>As per income tax laws if the ITR is not verified within 120 days from the date of filing then it will not be considered valid. As per the rule you can verify this in six ways. Generally, audit of ITR-1, ITR-2 and ITR-4 is not required. Let us know in which ways ITR can be verified.</p>
<p><strong><span>Know how you can e-Verify ITR</span></strong></p>
<p><span>i through Aadhaar OTP</span><br />
<span>ii. By logging into the e-filing account through net banking</span><br />
<span>iii. EVC through bank account number</span><br />
<span>iv. Demat Account Number through EVC</span><br />
<span>v. EVC through Bank ATM</span><br />
<span>vi. </span><span>How to e-Verify ITR through Aadhaar by sending signed copy of ITR-V through post to CPC, Bangalore</span></p>
<p><span><strong>Step 1:</strong> Go to https://www.incometax.gov.in to access your e-filing account.<br />
</span><br />
<span><strong>Step 2:</strong> Select e-verify return option under Quick Links.<br />
</span><br />
<span><strong>Step 3:</strong> In this, select Verify using OTP on the mobile number registered with Aadhaar. Then click on e-Verify screen.<br />
</span><br />
<span><strong>Step 4:</strong> Select &#8216;Agree to verify Aadhaar details&#8217; as checked on the Aadhaar OTP screen. Then click on Generate Aadhaar OTP.<br />
</span><br />
<span><strong>Step 5:</strong> After entering the 6-digit OTP sent to your Aadhaar-registered mobile number, click on Validate.<br />
</span><br />
<span><strong>Step 6:</strong> Remember that this OTP is valid for 15 minutes only. You will be given three chances to enter the correct OTP. You will also see an OTP expiry countdown timer on the screen, which will notify you when the OTP is received. Whereas when you click on Resend OTP, a new OTP will be generated and you will get it.<br />
</span><br />
<span><strong>Step 7:</strong> Now the page with the success message and Transaction ID will appear. Keep the Transaction ID safe for further use. A confirmation message will also be sent on the e-mail and mobile number that you have given on the filing portal.</span></p><p>The post <a href="https://www.rightsofemployees.com/itr-new-guideline-government-has-issued-a-new-guideline-for-those-who-fill-itr-check-immediately/">ITR new guideline: Government has issued a new guideline for those who fill ITR, check immediately</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR File: For whom it is necessary to fill ITR, know every update</title>
		<link>https://www.rightsofemployees.com/itr-file-for-whom-it-is-necessary-to-fill-itr-know-every-update/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Wed, 27 Jul 2022 06:17:14 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[itr]]></category>
		<category><![CDATA[ITR file]]></category>
		<category><![CDATA[senior citizens]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1508</guid>

					<description><![CDATA[<p>Income Tax Return: If you are earning Rs 2.5 lakh or more in a year, then it becomes necessary for you to submit Income Tax Return (ITR) form. This time the last date for filing ITR has been fixed as 31st July 2022. The Income Tax Department has made it clear for the time being [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-file-for-whom-it-is-necessary-to-fill-itr-know-every-update/">ITR File: For whom it is necessary to fill ITR, know every update</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income Tax Return:</strong> If you are earning Rs 2.5 lakh or more in a year, then it becomes necessary for you to submit Income Tax Return (ITR) form. This time the last date for filing ITR has been fixed as 31st July 2022. The Income Tax Department has made it clear for the time being that it is not going to extend the last date of ITR filing this time. In such a situation, now you have five days left for ITR filing. Today we are telling you the process and other important things related to online ITR filing..</p>
<p><strong>Who should fill ITR</strong></p>
<ul>
<li><span>All citizens up to the age of 60 years with an annual income of Rs 2.5 lakh or more</span></li>
<li><span>Citizens above 60 years and up to the age of 80 years with annual income above Rs 3 lakh</span></li>
<li><span>All senior citizens above 80 years of age with annual income above Rs 5 lakh</span></li>
</ul>
<p><strong>How to choose the right form</strong></p>
<ul>
<li><span>The Income Tax Department has introduced seven forms for ITR filing this year.</span></li>
<li><span>There is ITR-1 form for salaried and pensioners with annual income up to Rs 50 lakh.</span></li>
<li><span>ITR-3 form is basically for business or any specialist professional.</span></li>
<li><span>ITR-5, 6 and 7 forms are for companies, firms, LLPs or institutions.</span></li>
<li><span>Salaried or pensioner to fill ITR-4 form on income above 50 lakhs. Information about income from other sources can also be given in this.</span></li>
<li><span>ITR-2 form is there for taxpayers having income above Rs 50 lakh and having two houses. This form is also for those earning more than five thousand rupees from farming or capital gains from shares or mutual funds.</span></li>
</ul>
<p><strong><span>Note</span></strong><span> &#8211; Taxpayers can approach the investment advisor in case of problem in ITR filing. This article has been written based on conversations with CA Manish Gupta and investment advisor Rajesh Roshan.</span></p><p>The post <a href="https://www.rightsofemployees.com/itr-file-for-whom-it-is-necessary-to-fill-itr-know-every-update/">ITR File: For whom it is necessary to fill ITR, know every update</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Income Tax Slab: 2.5 lakh exemption will be available if you fill ITR, tax calculation will be done after 5 lakh, know how</title>
		<link>https://www.rightsofemployees.com/income-tax-slab-2-5-lakh-exemption-will-be-available-if-you-fill-itr-tax-calculation-will-be-done-after-5-lakh-know-how/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Mon, 25 Jul 2022 10:19:11 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[extra discount]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Slab]]></category>
		<category><![CDATA[tax calculation]]></category>
		<category><![CDATA[Tax slab starts from 2.5 lakhs]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1442</guid>

					<description><![CDATA[<p>Tax on Income: For the year 2021-22, ITR can be filed till 31 July 2022. If you have not filed your tax return yet, then do it immediately, the government has completely rejected the matter of increasing the deadline. That is, if the ITR is filed after the deadline, then a penalty will also have to be [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/income-tax-slab-2-5-lakh-exemption-will-be-available-if-you-fill-itr-tax-calculation-will-be-done-after-5-lakh-know-how/">Income Tax Slab: 2.5 lakh exemption will be available if you fill ITR, tax calculation will be done after 5 lakh, know how</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Tax on Income:</strong> For the year 2021-22, ITR can be filed till 31 July 2022. If you have not filed your tax return yet, then do it immediately, the government has completely rejected the matter of increasing the deadline. That is, if the ITR is filed after the deadline, then a penalty will also have to be paid.</p>
<p>The process of filing income tax return has started from July 15. If you have not yet filed your tax, then fill it immediately. Meanwhile, the government has also made it clear that now the deadline for filing income tax returns will not be extended. That is, only a few days are left for the last date to come. On the other hand, if you file ITR after this, then you will have to pay a penalty. Let us tell you that this time some people will also get an additional exemption of Rs 2.5 lakh in filing ITR. Come on, how are you Janet?</p>
<p><strong>Tax slab starts from 2.5 lakhs </strong></p>
<p>It is worth noting that generally people below 60 years of age fall in the tax bracket if their annual income is more than 2.5 lakhs. That is, if their income is more than 2.5 lakhs annually, then they start getting tax. In general, 5 percent tax is deducted on Rs 2.5 lakh to 5 lakh per annum.</p>
<p><strong>Who and how will get the extra discount?</strong></p>
<p>Now let&#8217;s talk about who and how will get extra discount? Senior citizens, whose age is between 60 years and 80 years, also have to pay tax. But for people in the age group of 60 to 80 years, the tax bracket starts when there is an annual income of Rs 3 lakh. Accordingly, these people will have to pay tax after earning an annual income of Rs 3 lakh. That is, these people get an extra discount of 50 thousand rupees.</p>
<p><strong>How to get extra discount of Rs 2.5 lakh?</strong></p>
<p>Apart from this, some people have also been kept in the category of Very Senior Citizen, that is, those who are above 80 years of age have also been given extra exemption in filing tax. That is, people with such Very Senior Citizen category come in the tax bracket only if they have an annual income of more than five lakhs. Now according to this, these people get an additional exemption of 2.5 lakhs as compared to the ordinary taxpayer.</p><p>The post <a href="https://www.rightsofemployees.com/income-tax-slab-2-5-lakh-exemption-will-be-available-if-you-fill-itr-tax-calculation-will-be-done-after-5-lakh-know-how/">Income Tax Slab: 2.5 lakh exemption will be available if you fill ITR, tax calculation will be done after 5 lakh, know how</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Big change in the rules for filing ITR: TDS / TCS is more than ₹ 25,000, so now it is necessary to fill ITR</title>
		<link>https://www.rightsofemployees.com/big-change-in-the-rules-for-filing-itr-tds-tcs-is-more-than-%e2%82%b9-25000-so-now-it-is-necessary-to-fill-itr/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Sat, 23 Jul 2022 06:12:21 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[ITR Filing New Update]]></category>
		<category><![CDATA[TCS]]></category>
		<category><![CDATA[TDS]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1343</guid>

					<description><![CDATA[<p>ITR Filing New Updates: There is a very important news regarding income tax return filing. The government has made changes in the Income Tax Rules from 21 April 2022 for filing tax returns. To bring more and more people under the tax net, the government has expanded the scope of income tax filing. Now people [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/big-change-in-the-rules-for-filing-itr-tds-tcs-is-more-than-%e2%82%b9-25000-so-now-it-is-necessary-to-fill-itr/">Big change in the rules for filing ITR: TDS / TCS is more than ₹ 25,000, so now it is necessary to fill ITR</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>ITR Filing New Updates:</strong> There is a very important news regarding income tax return filing. The government has made changes in the Income Tax Rules from 21 April 2022 for filing tax returns. To bring more and more people under the tax net, the government has expanded the scope of income tax filing. Now people with different income group and income will also be required to file ITR.</p>
<p>In fact, now it has been made mandatory to file ITR for every person whose Tax Deduction at Source ie TDS and Tax Collection at Source ie TCS (TCS) is Rs 25,000 or more during a financial year.</p>
<p><strong>What is the new rule</strong></p>
<p>According to the new rule, if the income of a person is less than the exemption of Rs 2.5 lakh but the income from TDS and TCS is Rs 25,000 or more, then now he will have to file ITR. Explain that this new rule will be applicable in the case of senior citizens if TDS or TCS is more than Rs 50,000.</p>
<p><strong>What did CBDT say?</strong></p>
<p>The Central Board of Direct Taxes (CBDT) issued a circular in this regard saying, &#8220;These rules may be called the Income Tax (Ninth Amendment) Rules, 2022. They shall come into force from the date of their publication in the Official Gazette. &#8220;CBDT has notified a new rule 12AB vide notification number 37/2022.According to this, even if the income of a person is less than the exemption limit, it is mandatory to file ITR.</p>
<p>Apart from this, those whose deposits in the savings bank account are Rs 50 lakh or more in the financial year will also have to file income tax return. Also, those businessmen will also be covered under this rule whose annual turnover is more than Rs 60 lakh and professional receipt is more than Rs 10 lakh. Regardless of the tax bracket he falls in, it will be mandatory to file ITR.</p>
<p>According to a report in Business Standard, government sources have told that this new amendment has been done with the aim of finding out the imbalance in the income and expenditure of such people. These new rules are effective from April 21.</p><p>The post <a href="https://www.rightsofemployees.com/big-change-in-the-rules-for-filing-itr-tds-tcs-is-more-than-%e2%82%b9-25000-so-now-it-is-necessary-to-fill-itr/">Big change in the rules for filing ITR: TDS / TCS is more than ₹ 25,000, so now it is necessary to fill ITR</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Income Tax Return Filing: These people are not required to fill ITR, know what are the conditions</title>
		<link>https://www.rightsofemployees.com/income-tax-return-filing-these-people-are-not-required-to-fill-itr-know-what-are-the-conditions/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Thu, 21 Jul 2022 12:56:44 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[conditions]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Return Filing]]></category>
		<category><![CDATA[itr]]></category>
		<category><![CDATA[senior citizens]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1285</guid>

					<description><![CDATA[<p>Income Tax Return Filing: Under the new rule of the Government of India in the year 2021, people above the age of 75 years earning income are not required to file ITR, although some terms and conditions have also been fixed for this. The last date for filing Income Tax Return is 31st July. According to [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/income-tax-return-filing-these-people-are-not-required-to-fill-itr-know-what-are-the-conditions/">Income Tax Return Filing: These people are not required to fill ITR, know what are the conditions</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Income Tax Return Filing:</strong> Under the new rule of the Government of India in the year 2021, people above the age of 75 years earning income are not required to file ITR, although some terms and conditions have also been fixed for this.</p>
<p>The last date for filing Income Tax Return is 31st July. According to the rules, it is mandatory for every person earning income to file ITR. But do you know that according to the rules of the Government of India, some people earning income are not required to file ITR. Yes, under the new rule of the Government of India in the year 2021, people above the age of 75 years earning income are not required to file ITR, although some terms and conditions have also been fixed for this.</p>
<p><strong>Exemption to these senior citizens above the age of</strong><br />
75 years According to the rules of the government, all those senior citizens above the age of 75 years, whose source of income is pension or interest on bank deposits, then it is not necessary to file ITR. A new section has been added in the Income Tax Act, 1961 under the Finance Act-2021. This is the new section 194-P.</p>
<p><strong>This condition should be</strong><br />
that for the exemption of senior citizens above the age of 75 years from filing ITR, it has been considered a necessary condition to have a pension account and FD account in the same bank. Keep in mind that tax is deposited on the interest earned on FD, then in that case the benefit of this exemption cannot be taken.</p>
<p>Only senior citizens who fulfill all the necessary conditions have been kept in the purview of this exemption. Senior citizens above the age of 75 years can visit the bank to take advantage of this exemption <strong>. </strong>For this, it will be mandatory for the applicant to fill and submit the 12-BBA form in the bank.</p>
<p>In this form, the applicant has to share the information related to FD and pension. After filling the tax amount given in the form, the applicant gets the benefit of this exemption. That is, there is no need to fill ITR separately after this.</p><p>The post <a href="https://www.rightsofemployees.com/income-tax-return-filing-these-people-are-not-required-to-fill-itr-know-what-are-the-conditions/">Income Tax Return Filing: These people are not required to fill ITR, know what are the conditions</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>ITR Filing 2022-23: How To Fill ITR-1 &#8216;Sahaj&#8217; Form Online In Minutes, Know The Complete Process In One Click</title>
		<link>https://www.rightsofemployees.com/itr-filing-2022-23-how-to-fill-itr-1-sahaj-form-online-in-minutes-know-the-complete-process-in-one-click/</link>
		
		<dc:creator><![CDATA[Pravesh Maurya]]></dc:creator>
		<pubDate>Thu, 21 Jul 2022 04:05:31 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[TAX]]></category>
		<category><![CDATA[Assessment Year 2022-23]]></category>
		<category><![CDATA[Fill ITR]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[ITR Filing 2022-23]]></category>
		<category><![CDATA[ITR forms]]></category>
		<category><![CDATA[Sahaj]]></category>
		<guid isPermaLink="false">https://www.rightsofemployees.com/?p=1257</guid>

					<description><![CDATA[<p>ITR Filing 2022-23: If a person earns up to Rs 50 lakh annually from salary, house rent or other sources, then he can file Income Tax Return (ITR) through Sahaj Form (ITR-1) The process of filing Income Tax Return (ITR) for the assessment year 2022-23 is underway. The last date to file Income Tax Return [&#8230;]</p>
<p>The post <a href="https://www.rightsofemployees.com/itr-filing-2022-23-how-to-fill-itr-1-sahaj-form-online-in-minutes-know-the-complete-process-in-one-click/">ITR Filing 2022-23: How To Fill ITR-1 ‘Sahaj’ Form Online In Minutes, Know The Complete Process In One Click</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>ITR Filing 2022-23: If a person earns up to Rs 50 lakh annually from salary, house rent or other sources, then he can file Income Tax Return (ITR) through Sahaj Form (ITR-1)</p>
<p>The process of filing Income Tax Return (ITR) for the assessment year 2022-23 is underway. The last date to file Income Tax Return (ITR) for Salary Class or Common Man is 31st July 2022. At the same time, the last date for filing income tax returns for such individuals whose business audit is necessary is October 31, 2022. Different categories of taxpayers have to file different ITR forms.</p>
<p>Most of the taxpayers file ITR-Form 1, also known as &#8216;Sahaj&#8217;. If a person earns up to Rs 50 lakh annually from salary, house rent or other sources, then he can file Income Tax Return (ITR) through Sahaj Form (ITR-1).</p>
<p>Let us know how ITR-1 Form (Sahaj) can be filled online in few easy steps,</p>
<p><strong>Step 1:</strong> First of all login to the e-filing portal using your User ID and Password.</p>
<p><strong>Step 2:</strong> On your dashboard, click on e-File &gt; Income Tax Return &gt; &#8216;File Income Tax Return&#8217;.</p>
<p><strong>Step 3:</strong> Select the assessment year, i.e. 2021-22, and click on &#8216;Continue&#8217;.</p>
<p><strong>Step 4:</strong> Select the mode of filing, such as online, and click on &#8216;Proceed&#8217;. (If you have already filed the Income Tax Return and its submission is showing &#8216;Pending&#8217; then click on &#8216;Resume Filing&#8217;. If you were filing the return earlier, but something went wrong or you missed any information If you want to change and prepare the return afresh, click on &#8216;Start New Filing&#8217;.</p>
<p><strong>Step 5:</strong> Select whichever situation is applicable to you and click on &#8216;Continue&#8217; to proceed.</p>
<p><strong>Step 6:</strong> You have two options to choose the type of income tax return:</p>
<ul>
<li>If you are not sure which ITR to file, select &#8216;Help me decide which ITR form to file&#8217; and click on proceed.</li>
<li>If you are absolutely sure which ITR to file. Then select &#8216;I know which ITR format to file&#8217;. Select the Income Tax Return format applicable to you from the dropdown and click on &#8216;Proceed with ITR&#8217;.</li>
</ul>
<p><strong>Step 7:</strong> Once you have selected the ITR applicable to you, list all the required documents and click on &#8220;Let&#8217;s get started&#8221;.</p>
<p><strong>Step 8:</strong> Here some questions will appear, select the checkbox of the question applicable to you and click on &#8216;Continue&#8217;.</p>
<p><strong>Step 9:</strong> View your previously filled data and make changes if needed. Fill in the remaining/additional figures [if needed]. Click &#8216;Confirm&#8217; at the end of each section.</p><p>The post <a href="https://www.rightsofemployees.com/itr-filing-2022-23-how-to-fill-itr-1-sahaj-form-online-in-minutes-know-the-complete-process-in-one-click/">ITR Filing 2022-23: How To Fill ITR-1 ‘Sahaj’ Form Online In Minutes, Know The Complete Process In One Click</a> first appeared on <a href="https://www.rightsofemployees.com">Rightsofemployees.com</a>.</p>]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
