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Ensure correct ITR filing in Jaipur for A.Y. 2025-26 with Apkireturn. Our expert tax consultants, with 20 years of experience, provide clear income tax assistance and efficient online tax filing. Choose Apkireturn for reliable tax assistance, preventing penalties and securing your rightful refunds promptly. Trust Jaipur’s seasoned experts for precise and efficient tax return filing.
Getting your Income Tax Return (ITR) filed correctly in Jaipur is important. For the Assessment Year 2025-26 (covering FY 2024-25), meeting the ITR filing deadlines and ensuring accuracy helps you stay compliant and avoid issues. Handling your tax return filing in Jaipur properly also ensures you get any tax refund you’re due.
While you can file ITR online, figuring out the right forms, income details, and deductions takes time and know-how. Errors or delays during your Jaipur tax return filing can lead to penalties.
Apkireturn offers clear and reliable ITR filing services in Jaipur. As your local tax consultant, we handle the online tax filing process for you, making sure everything follows the latest tax rules. Choose Apkireturn for dependable income tax assistance in Jaipur and be sure your taxes are handled right.
Choosing the correct Income Tax Return (ITR) form is the first step towards accurate tax return filing in Jaipur. The Income Tax Department provides different forms based on your taxpayer category and the types of income you earned during the Financial Year 2024-25 (Assessment Year 2025-26). Using the wrong form can lead to delays or rejection of your return.
Here’s a clear guide to the primary Income Tax Return Forms relevant for most individuals and businesses in Jaipur:
Who Should Use It: This is for resident individuals with a total income up to ₹50 lakh from:
Who Cannot Use It: Not suitable if you are a company director, hold unlisted shares, have foreign income/assets, or earn income from business/profession. Ideal for straightforward salary ITR filing Jaipur.
Who Should Use It: Individuals and Hindu Undivided Families (HUFs) who are not eligible for ITR-1 and do not have income from business or profession. This often applies if you have:
Note: If your main income involves capital gains tax filing, ITR-2 is often the appropriate form (unless you also have business income).
Who Should Use It: Individuals and HUFs who do have income under the head “Profits and Gains of Business or Profession”. This form covers:
Note: This is the form for standard business tax filing Jaipur for individuals/HUFs not using the presumptive scheme.
Who Should Use It: Resident Individuals, HUFs, and Partnership Firms (other than LLPs) opting for the presumptive taxation scheme. This applies if your income includes:
Note: Total income must be up to ₹50 lakh. Not applicable if you have capital gains or foreign assets. Suitable for many freelancers and small business owners seeking simplified tax filing online Jaipur..
Who Should Use It: This form is specifically for entities other than individuals, HUFs, and companies. It applies to:
Note: Use this for LLP tax filing Jaipur or partnership firm returns.
Who Should Use It: This form is mandatory for Companies registered under the Companies Act, unless they are claiming exemption under Section 11 (related to income from property held for charitable or religious purposes).
Note: ITR-6 must be filed electronically with a Digital Signature Certificate (DSC). Relevant for company tax return Jaipur.
Who Should Use It: This form is for persons including companies who need to file returns under specific sections like 139(4A), 139(4B), 139(4C), or 139(4D). This typically includes:
Note: Required for Trust ITR filing Jaipur and similar exempt organizations.
Need Help Choosing Your ITR Form? Selecting the right form ensures smooth ITR e-filing in Jaipur. If you’re unsure which form applies to your specific situation or entity type, the experts at Apkireturn can provide clear income tax assistance Jaipur. We ensure you file correctly, every time.
The Table below shows the Income Tax Slabs applicable for the F.Y. 2024-25, as per NEW TAX REGIME. The new tax slabs are as per the approval of the Finance Budget 2024. The new tax regime slabs-
| Tax Slab | Rates |
|---|---|
| Up to Rs. 3,00,000 | NIL |
| Rs. 300,000 to Rs. 6,00,000 | 5% on income which exceeds Rs 3,00,000 |
| Rs. 6,00,000 to Rs. 900,000 | Rs 15,000 + 10% on income more than Rs 6,00,000 |
| Rs. 9,00,000 to Rs. 12,00,000 | Rs 45,000 + 15% on income more than Rs 9,00,000 |
| Rs. 12,00,000 to Rs. 1500,000 | Rs 90,000 + 20% on income more than Rs 12,00,000 |
| Above Rs. 15,00,000 | Rs 150,000 + 30% on income more than Rs 15,00,000 |
| Tax Slab | Rates |
|---|---|
| Rs. 3 lakhs | NIL |
| Rs. 3 lakhs - Rs. 5 lakhs | 5.00% |
| Rs. 5 lakhs - Rs. 10 lakhs | 20.00% |
| Rs. 10 lakhs and more | 30.00% |
| Tax Slab | Rates |
|---|---|
| Rs. 0 - Rs. 5 lakhs | NIL |
| Rs. 5 lakhs - Rs. 10 lakhs | 20.00% |
| Above Rs. 10 lakhs | 30.00% |
| Particulars | Old Tax Regime | New Tax Regime |
|---|---|---|
| Company opts for section 115BAB (not covered in section 115BA and 115BAA) & is registered on/after October 1, 2019 and has started manufacturing on/before 31st March 2024 | - | 15% |
| Company opts for Section 115BAA, where the total income of a company has been calculated without claiming specified deductions, exemptions, incentives, and additional depreciation | - | 22% |
| Company opts for section 115BA registered on/after March 1, 2016, and is in the manufacture of any article or thing and does not claim a deduction as specified in the section | 25% | - |
| Turnover/gross receipt of the company is less than Rs. 400 crores in the previous year | 25% | - |
| Other Domestic Company | 30% | - |
Health & Education Cess Rate – 4%
Surcharge Rate-
A partnership firm or an LLP is taxable at 30%
Note –
The HUF and Individual tax slab applicable as per New Tax Regime are-
| Slab | Rates |
|---|---|
| Rs. 0 to Rs. 3,00,000 | NIL |
| Rs. 3,00,001 to Rs. 7,00,000 | 5% |
| Rs. 7,00,001 to Rs. 10,00,000 | 10% |
| Rs. 10,00,001 to Rs. 12,00,000 | 15% |
| Rs. 12,00,001 to Rs. 15,00,000 | 20% |
| More than Rs. 15,00,000 | 30% |
Under the new tax regime of taxation, the taxpayers can avail of an option to opt for one of the following-
To pay tax at lower rates according to the New Tax Regime of taxation on the condition that they refrain from specific exemptions (permissible) and deductions under income tax.
To continue paying the taxes under the existing income tax rates. The taxpayer can avail of exemptions and rebates by opting into the old regime and paying tax at the existing higher rate.
The taxpayers who have opted for the new tax regime will have to forgo some deductions and exemptions that are available in the old tax regime of taxation.
The old income tax slabs (old tax regime) and the tax rates for Individuals and HUF below the age of 60 years and NRIs under the old tax regime are as below:
| Income Tax Slab | Tax Rates |
|---|---|
| Up to Rs 2,50,000* | NIL |
| Rs 2,50,001 - Rs 5,00,000 | 5% |
| Rs 5,00,001 - Rs 10,00,000 | 20% |
| Above Rs 10,00,000 | 30% |
Surcharge
The surcharge rates for individuals under the New Tax Regime for F.Y. 2024-25 (A.Y. 2025-26) are also based on income slabs, but the highest rate is capped:
The old regime has multiple tax slabs with higher rates, while the new regime offers lower rates with more slabs.
The old regime allows various deductions and exemptions, which are mostly not available under the new regime.
The new regime aims for simpler tax calculations with fewer exemptions, whereas the old regime offers more avenues to reduce taxable income.
The old regime may be more beneficial for those with high investments and expenses qualifying for deductions, whereas the new regime could be better for those with fewer deductions.
Taxpayers have the option to choose between the two regimes based on which is more advantageous for their situation.
| Key Points | Old Tax Regime | New Tax Regime |
|---|---|---|
| Tax Slabs | Features graduated tax slabs based on age (for individuals) ranging from 0% to 30%. Different basic exemption limits apply based on age. | Features simplified slabs of 5%, 10%, 15%, 20%, and 30% that are the same for all individuals regardless of age. Basic exemption limit is ₹3,00,000 for all. |
| Deductions and Exemptions | Allows a wide range of deductions and exemptions under various sections (like 80C, 80D, 24(b), HRA, etc.) for investments, medical expenses, education, etc., significantly reducing taxable income. | Offers very limited deductions or exemptions. Only a few specific deductions are allowed, such as the standard deduction for salary/pension income (₹50,000), and employer's contribution to NPS (Section 80CCD(2)). |
| Tax Rates | Generally has higher marginal tax rates compared to the new regime slabs. However, the extensive deductions and exemptions available can significantly reduce the effective tax rate, potentially resulting in lower tax payable for those who can claim many deductions. | Offers lower marginal tax rates compared to the old regime slabs, especially in lower and middle income brackets. The benefit of lower rates is more pronounced for taxpayers with limited or no deductions and exemptions. |
| Compliance | Requires maintaining detailed records for deductions and exemptions, leading to higher paperwork and compliance burden. | Is simpler to comply with due to no deductions or exemptions, requiring minimal paperwork and record-keeping. |
| Suitability | Generally benefits individuals with higher income and those who make significant investments or incur considerable expenses eligible for deductions and exemptions. Tax liability up to ₹5 lakh is effectively nil for residents due to Section 87A rebate. | May be advantageous for salaried individuals, pensioners, and those with lower incomes or limited deductible expenses. Tax liability up to ₹7 lakh is effectively nil for residents due to the higher rebate available under Section 87A in this regime. This regime is the default option for A.Y. 2025-26. |
Other points to consider:
In conclusion, both regimes have their pros and cons. The “better” regime depends on your individual circumstances and income profile. Thoroughly evaluate your financial situation and consult a professional if needed to make an informed decision about which regime best suits your needs.
Smart tax planning in Jaipur can significantly reduce your tax liability and help you achieve your financial goals. While filing your income tax return, considering legitimate ways to save tax is crucial. Here are five common strategies to discuss with your tax consultant Jaipur:
Before starting your Income Tax Filing in Jaipur, one essential step is to review your Form 26AS and the Annual Information Statement (AIS). Think of these as your official tax passbooks provided by the Income Tax Department.
Form 26AS: This is your consolidated annual tax statement. It shows taxes deducted (TDS) or collected (TCS) against your PAN, along with details of any Advance Tax or Self-Assessment Tax you’ve paid. It also includes details of refunds and certain high-value transactions.
Annual Information Statement (AIS): AIS provides an even more comprehensive view. It includes details shown in Form 26AS and additional information like savings account interest, dividends, rent received, securities transactions, foreign remittances, and GST turnover data (GST data visible in 26AS, potentially summarized in AIS/TIS). The Taxpayer Information Summary (TIS) provides a summary of AIS.
You can easily view and download both Form 26AS and AIS from the official Income Tax e-filing portal after logging in.
Verifying these statements is a vital part of accurate tax return filing. At Apkireturn, we help you reconcile this information meticulously as part of our ITR filing services in Jaipur, ensuring your return is accurate and complete.
Aadhaar Card
PAN Card
Bank Statement
Form 16 (for Salaried Person)
House Property Income
Capital Gain Report
Investment Details
An Income Tax Return (ITR) is a form used by taxpayers to declare their income, deductions and tax liability to the government. It serves as a record of one’s income and taxes paid.
Individuals, Hindu Undivided Families (HUFs), companies, and other entities earning income in India are required to file an Income Tax Return if their income exceeds the prescribed threshold limit.
The due date for filing Income Tax Returns varies depending on the taxpayer’s category and the type of income. For individuals, the usual due date is July 31st, but it can be extended by the government.
The Income Tax Department has different forms (ITR-1 to ITR-7) for various categories of taxpayers. The choice of form depends on the source and amount of income.
Taxpayers can file their returns online through the official Income Tax Department website or other authorized e-filing portals. Offline filing is also an option using the appropriate ITR form.
Commonly required documents include PAN card, Aadhaar card, Form 16 (for salaried individuals), bank statements, investment details and other supporting documents for income and deductions claimed.
Yes, taxpayers can file a belated return after the due date, but there might be penalties and interest applicable. It’s advisable to file the return within the stipulated time to avoid these extra charges.
Gross Total Income is the total income before deductions under various sections, while Total Income is the income after deductions. Total Income is the basis for calculating tax liability.
Yes, linking Aadhaar with PAN is mandatory for filing Income Tax Returns. It helps in preventing tax evasion and ensures a unique identification for taxpayers. For those involved in ITR Return Filing in Jaipur, this linkage is crucial for smooth processing and compliance with tax regulations.
Taxpayers can check the status of their filed returns on the official Income Tax Department website using their PAN and acknowledgment number. The status will indicate whether the return has been processed or is under scrutiny.
