{"id":179,"date":"2021-02-25T22:54:14","date_gmt":"2021-02-25T17:24:14","guid":{"rendered":"https:\/\/total-sols.com\/blog\/?p=179"},"modified":"2021-02-25T22:54:15","modified_gmt":"2021-02-25T17:24:15","slug":"steps-to-file-income-tax-return-online-india","status":"publish","type":"post","link":"https:\/\/total-sols.com\/blog\/steps-to-file-income-tax-return-online-india\/","title":{"rendered":"When &#038; HOW TO FILE INCOME TAX RETURN?"},"content":{"rendered":"\n<p>The Government of India mandates that the\nindividuals and business of all types file income tax returns as per the\nspecification stipulated.&nbsp; The various dates are here below:<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/total-sols.com\/blog\/wp-content\/uploads\/2021\/02\/Untitled-1.jpg\" alt=\"\" class=\"wp-image-180\" width=\"631\" height=\"196\" srcset=\"https:\/\/total-sols.com\/blog\/wp-content\/uploads\/2021\/02\/Untitled-1.jpg 748w, https:\/\/total-sols.com\/blog\/wp-content\/uploads\/2021\/02\/Untitled-1-300x93.jpg 300w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/figure>\n\n\n\n<p><strong>How to file<\/strong>:\u00a0 First and foremost let us understand what income tax is.\u00a0 Income tax is a tax on profit or tax on salary as stipulated by GOI.\u00a0 Then the next question arises, how do I compute the tax for the same.\u00a0 You need to compute your tax based on your books of accounts from which profit and loss account and balance sheet are drawn, either audited or unaudited as specified.\u00a0 The profit and loss account is nothing but revenue over expenditure.\u00a0 If the revenue is more, it is profit.\u00a0 If expenditure is more, then it is loss.\u00a0 On computation of this on profit, the slab rate of tax is computed.<\/p>\n\n\n\n<p>In case of salary, the various exemption limits are provided by the IT department.&nbsp; Accordingly, the salary is deducted by various exemptions and also added with other income if any and thereby it arrives at the total income.&nbsp; If the total income is taxable under the income tax, the prescribed tax needs to be paid.<\/p>\n\n\n\n<p>Want to know more or facing difficulties in filing Income Tax Return? Please <a href=\"https:\/\/www.total-sols.com\/contact.html\">contact us<\/a> at Total Solutions. Get your ITR filed in just 1 day. You can also Book an appointment with us and can get 30 minutes FREE session. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India mandates that the individuals and business of all types file income tax returns as per the specification stipulated.&nbsp; The various dates are here below: How to file:\u00a0 First and foremost let us understand what income tax is.\u00a0 Income tax is a tax on profit or tax on salary as stipulated by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-179","post","type-post","status-publish","format-standard","hentry","category-accounts"],"_links":{"self":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/comments?post=179"}],"version-history":[{"count":1,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/179\/revisions"}],"predecessor-version":[{"id":181,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/posts\/179\/revisions\/181"}],"wp:attachment":[{"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/media?parent=179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/categories?post=179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/total-sols.com\/blog\/wp-json\/wp\/v2\/tags?post=179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}