Income Tax Return Filing for Salaried Individuals
For most salaried people, filing an accurate return on the right regime is where real money is saved or lost. The new tax regime is now the default, but the old regime can still win if you have significant deductions — the choice should be calculated, not assumed.
Filing on time also protects your refund, your loan eligibility and your record, and avoids the interest and penalties that follow a late or defective return.
Key features and requirements
- Choosing the correct ITR form (usually ITR-1 or ITR-2)
- Comparing the new (default) regime against the old regime for your deductions
- Reconciling Form 16, Form 26AS and the Annual Information Statement (AIS)
- Claiming eligible deductions and reporting all income (including interest, capital gains)
- Filing before the due date — typically 31 July for non-audit individuals
- Verifying the return to complete the filing
How TaxSastra handles this
We compute your tax under both regimes, reconcile your Form 16/26AS/AIS, file the correct ITR, and follow your refund through — with a real person who understands your situation.
What’s included
- Regime comparison and tax computation
- Correct ITR form selection and filing
- Form 16 / 26AS / AIS reconciliation
- Deduction and exemption optimisation
- Capital gains and other-income reporting
- Refund tracking and rectification support