File Your Income Tax Return Accurately, On Time — Every Single Year
Income Tax Return (ITR) filing is the annual legal obligation of every person whose income exceeds the basic exemption limit — and in many cases, even for those below the limit (where TDS has been deducted, or foreign assets are held, or high-value transactions have been made). An ITR is a declaration of your total income earned during the financial year, taxes paid, deductions claimed, and tax refunds due. The Income Tax Department matches your ITR with Form 26AS [new-Form 168], AIS (Annual Information Statement), and TIS (Taxpayer Information Summary) — discrepancies trigger scrutiny notices.
ITR is the ultimate Income proof of any Person. ITR forms vary by taxpayer type: ITR-1 (Sahaj) for salaried individuals with simple income; ITR-2 for individuals/HUFs with capital gains, foreign income, or multiple properties; ITR-3 for individuals/HUFs with business or professional income; ITR-4 (Sugam) for presumptive scheme taxpayers; ITR-5 for partnership firms and LLPs; ITR-6 for companies; ITR-7 for trusts and charitable organisations. Filing the wrong form, reporting under incorrect heads, or missing income sources are common errors that result in notices and scrutiny.
VITTAX files ITR for all categories of taxpayers — from salaried individuals and HNIs to proprietors, firms, LLPs, and companies. We review your Form 26AS [new Form 168] and AIS, reconcile all income sources, compute the optimal tax liability under old and new tax regimes, claim all eligible deductions, and file the correct ITR form — with a complete computation sheet shared for your records.
Who Needs ITR Filing?
Process & Timeline
Document Collection
We collect Form 16/16A [new-130/131], Form 26AS [new-168], AIS/TIS, bank statements, investment proofs, rent receipts, capital gain statements, and other income documents.
Income Reconciliation & AIS Review
We reconcile all income sources against AIS and Form 26AS [new-168] to ensure no income is missed or duplicated — preventing future scrutiny.
Regime Selection & Deduction Optimisation
We compute tax under both old and new regime (for eligible taxpayers) and recommend the lower tax option. We claim all eligible exemptions and deductions (80C, 80D, 80G, HRA, LTA, etc.).
ITR Preparation & Review
We prepare the complete ITR with income computation, schedules, and tax calculation — and share it with you for review before filing.
e-Filing & Verification
We file the ITR on the income tax portal and complete e-verification (via Aadhaar OTP, net banking, or DSC). You receive the ITR acknowledgement (ITR-V).
Refund Tracking (if applicable)
If a refund is due, we track the processing status and alert you when it is credited to your bank account.
Documents Required
📋 For All Taxpayers
💼 For Salaried Individuals
🏢 For Business / Profession Income
📈 For Capital Gains
Pricing
ITR-1 / ITR-4 (Sahaj / Sugam)
₹499–₹1,999
Salaried & presumptive income taxpayers
Ideal for: Salaried individuals, pensioners, and small business owners under presumptive scheme
ITR-2 / ITR-3
₹999–₹4,999
Capital gains, business income, HNI individuals
Ideal for: HNIs, investors, professionals, and individuals with multiple income sources
ITR-5 / ITR-6 / ITR-7
₹4,999–₹9,999
For firms, LLPs, companies, and trusts
Ideal for: Firms, LLPs, Private Limited Companies, and charitable organisations
Frequently Asked Questions
What is the ITR filing deadline?
For individuals and non-audit cases: 31st July (for ITR-1 & ITR-2) and 31st August (for ITR-3 & ITR-4) of the assessment year. For audit cases (businesses with turnover above threshold): 31st October. For companies: 31st October. Belated returns (with penalty) can be filed until 31st March. VITTAX tracks all deadlines and ensures filing well before the due date.
What is the penalty for not filing ITR?
If your income exceeds ₹5 lakhs: ₹5,000 penalty for filing after the due date. If income is below ₹5 lakhs: ₹1,000 penalty. Additionally, interest under Section 234A [new-section 423] applies on unpaid tax at 1% per month. For incomes above ₹5 lakhs, non-filing can trigger a prosecution notice under Section 276CC [new-section 479].
What is AIS and why does it matter for ITR filing?
AIS (Annual Information Statement) is a comprehensive tax document that shows all financial transactions reported against your PAN — salary, dividends, interest, MF/share transactions, property purchases, foreign remittances, and more. The IT department uses AIS to auto-verify your ITR. Any income in AIS not reported in your ITR triggers an automated notice. VITTAX reviews AIS in full before filing your return.
Can I switch between old and new tax regime every year?
For salaried individuals: Yes, you can switch between old and new regime every year when filing ITR. For business income taxpayers: Once you switch to the new regime, switching back to old regime is allowed only once in your lifetime. VITTAX computes both options every year and recommends the optimal regime.
What if I missed filing my ITR last year?
You can file a belated ITR by 31st December of the assessment year with a late filing fee (₹1,000–₹5,000). Beyond that, updated returns (ITR-U) can be filed within 4 years from the end of the relevant assessment year with additional tax of 25%–70%. VITTAX can file belated and updated returns.
⚡ ITR Form Guide
Get Started with VITTAX → We review AIS, select the right form, optimise your regime, and file on time