Every salary earning employee needs to file his Income Tax Returns (ITR) every year, based on the income he draws during
the course of the year. Computation of income as well as managing rebates under different applicable
sections and then arriving at the final ITR form can get very cumbersome.
At Paysquare, we offer a host of services to make your life less “Taxing”. We offer a host of income tax return services including preparing and e-filing your taxes. We also help in in-person tax e-filing. We offer tax consultancy and scrutiny to ensure that you are compliant with the regulations. Paysquare also offers help in related income tax return services in India like PAN application, refund assistance etc.
An income tax (IT) return is a tax form or forms used to file income tax with the Income Tax Department. Income Tax Return
may be defined as a document providing information to the tax collector about the taxpayer's total income
and related tax liability. Income tax is calculated as a percentage of the income earned by the tax payer.
Depending on the income, there are different slabs for taxation. For e.g. upto certain income, there
may be nil tax and for different slabs, income may be charged at 10%, 20% or 30%.
When a company like Paysquare offers Income Tax Return services, they help the taxpayer calculate his tax liability based on his salary income as well as all other income. Depending on the requirement, additional tax amounts may be paid through challans or refunds against excess tax payments made can be requested by filing the Income Tax Return (ITR). The entire process of computation of tax liability to filling the requisite forms and completing the Income Tax Return (ITR) process is taken care of by Paysquare.
Important documents that one must have while e-Filing tax returns are as follows: