Income Tax E-Filing

Overview

Income Tax Return (ITR) e-filing is the annual obligation of all eligible individuals, HUFs, and taxpayers to declare income, deductions, and tax liability for a financial year to the Income Tax Department via incometax.gov.in. Filing is mandatory if total income exceeds the basic exemption limit (Rs.2.5 lakhs under old regime; Rs.3 lakhs under new regime) or if the taxpayer meets high-value transaction criteria.

Selecting the correct ITR form is critical — ITR-1 (Sahaj) for salaried individuals with income up to Rs.50 lakhs, ITR-2 for those with capital gains or foreign assets, ITR-3 for business/profession income, and ITR-4 (Sugam) for presumptive taxation. MFiling compares the old vs. new tax regime to identify the optimal regime for each client, ensures all eligible deductions under 80C, 80D, HRA, and home loan interest are claimed, and reconciles Form 26AS and AIS before filing.

Due date: July 31 (non-audit cases). MFiling professional charges: from Rs.999 (salaried/ITR-1) | Rs.1,999 (ITR-2 with capital gains) | Rs.2,999 (ITR-3 business).

Key Benefits

Documents Required

How it Works

Frequently Asked Questions