SlideShare a Scribd company logo
Income Tax Return
Step by Step
Guide for Beginners
A brief Guide on Income Tax
Return filing for the layman
regarding the basic concept of
the Tax Filing for the financial
year concerned, giving details of
Income and expenses for the
year and the investments made
in the year
Who has to file Income Tax Return
 An Individual having annual Income
Exceeding Rs.2,50,000/-
 A Partnership/ LLP Firm engaged in Business
or Profession
 A Company Incorporated in India.
 Apart from above , if the Tax was deducted
at Source from the payment made to the
person then he has to file the Income Tax
Return irrespective of Income.
WHY TO FILE
INCOME TAX
RETURN
INCOME TAX RETURN HAS TO
BE FILED BY INDIVIDUALS WITH
INCOME EXCEEDING MINIMUM
EXEMPTION LIMIT
RS.250000/- PER ANNUM
HAVING INCOME FROM
SELF EMPLOYEMENT
SALARY, PENSION
RENT
CAPITAL GAIN
INTEREST, DIVIDEND
Thank you
for
Visting
Visit us at
https://srijanconsultancy.com/

More Related Content

What's hot

Entrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationEntrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationRikvin Pte Ltd
 
How to register singapore subsidiary company
How to register singapore subsidiary companyHow to register singapore subsidiary company
How to register singapore subsidiary companyTony Roy
 
Wazzeer - OPC incorporation in India
Wazzeer - OPC incorporation in IndiaWazzeer - OPC incorporation in India
Wazzeer - OPC incorporation in IndiaWAZZEER
 
How to register singapore subsidiary company
How to register singapore subsidiary companyHow to register singapore subsidiary company
How to register singapore subsidiary companyalex kim
 
Business licenses in india
Business licenses in indiaBusiness licenses in india
Business licenses in indiaNarendra Pratap
 
Income tax benefits for projects
Income tax benefits for projectsIncome tax benefits for projects
Income tax benefits for projectsjerly
 
Incorporation of Limited Liability Partnership (LLP) and conversion into Company
Incorporation of Limited Liability Partnership (LLP) and conversion into CompanyIncorporation of Limited Liability Partnership (LLP) and conversion into Company
Incorporation of Limited Liability Partnership (LLP) and conversion into CompanyDVSResearchFoundatio
 
All about msme udyam registration ppt
All about msme udyam registration pptAll about msme udyam registration ppt
All about msme udyam registration pptsudip dey
 
Sameeksha # volume 01 march 2019
Sameeksha # volume 01 march 2019Sameeksha # volume 01 march 2019
Sameeksha # volume 01 march 2019Admin SBS
 
Guide to Singapore Tax 2016
Guide to Singapore Tax 2016Guide to Singapore Tax 2016
Guide to Singapore Tax 2016Crowe Singapore
 
All about Section 44AD of the Income Tax Act | Sana Baqai
All about Section 44AD of the Income Tax Act | Sana BaqaiAll about Section 44AD of the Income Tax Act | Sana Baqai
All about Section 44AD of the Income Tax Act | Sana BaqaiSana Baqai
 

What's hot (20)

Entrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationEntrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company Registration
 
doing business_in_indonesia
doing business_in_indonesiadoing business_in_indonesia
doing business_in_indonesia
 
How to register singapore subsidiary company
How to register singapore subsidiary companyHow to register singapore subsidiary company
How to register singapore subsidiary company
 
Wazzeer - OPC incorporation in India
Wazzeer - OPC incorporation in IndiaWazzeer - OPC incorporation in India
Wazzeer - OPC incorporation in India
 
Doing business in kenya
Doing business in kenyaDoing business in kenya
Doing business in kenya
 
Chartered accountants ppt
Chartered accountants pptChartered accountants ppt
Chartered accountants ppt
 
Incorporating a company in Singapore
Incorporating a company in SingaporeIncorporating a company in Singapore
Incorporating a company in Singapore
 
How to register singapore subsidiary company
How to register singapore subsidiary companyHow to register singapore subsidiary company
How to register singapore subsidiary company
 
Registering a branch in Singapore
Registering a branch in SingaporeRegistering a branch in Singapore
Registering a branch in Singapore
 
Company incorporation faq
Company incorporation faqCompany incorporation faq
Company incorporation faq
 
Business licenses in india
Business licenses in indiaBusiness licenses in india
Business licenses in india
 
Income tax benefits for projects
Income tax benefits for projectsIncome tax benefits for projects
Income tax benefits for projects
 
Doing business in sri lanka
Doing business in sri lanka Doing business in sri lanka
Doing business in sri lanka
 
Incorporation of Limited Liability Partnership (LLP) and conversion into Company
Incorporation of Limited Liability Partnership (LLP) and conversion into CompanyIncorporation of Limited Liability Partnership (LLP) and conversion into Company
Incorporation of Limited Liability Partnership (LLP) and conversion into Company
 
All about msme udyam registration ppt
All about msme udyam registration pptAll about msme udyam registration ppt
All about msme udyam registration ppt
 
Sameeksha # volume 01 march 2019
Sameeksha # volume 01 march 2019Sameeksha # volume 01 march 2019
Sameeksha # volume 01 march 2019
 
Guide to Singapore Tax 2016
Guide to Singapore Tax 2016Guide to Singapore Tax 2016
Guide to Singapore Tax 2016
 
Startups india scheme
Startups india schemeStartups india scheme
Startups india scheme
 
Establish a Subsidiary in Singapore
Establish a Subsidiary in SingaporeEstablish a Subsidiary in Singapore
Establish a Subsidiary in Singapore
 
All about Section 44AD of the Income Tax Act | Sana Baqai
All about Section 44AD of the Income Tax Act | Sana BaqaiAll about Section 44AD of the Income Tax Act | Sana Baqai
All about Section 44AD of the Income Tax Act | Sana Baqai
 

Similar to Income tax return filing ppt

Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Piyali Parashari
 
Startup Clinic: Startup Checklist
Startup Clinic: Startup ChecklistStartup Clinic: Startup Checklist
Startup Clinic: Startup ChecklistAntony Adaikalam
 
Salaried individuals for ay 2021 22 income tax department
Salaried individuals for ay 2021 22   income tax departmentSalaried individuals for ay 2021 22   income tax department
Salaried individuals for ay 2021 22 income tax departmentPrashantSoni481584
 
Why register company ?
Why register company ?Why register company ?
Why register company ?Henry How
 
Corporate digest magazine august, 2017 by venture care
Corporate digest magazine august, 2017 by venture careCorporate digest magazine august, 2017 by venture care
Corporate digest magazine august, 2017 by venture careKumar Kanaujia
 
Corporate digest-november 2017
Corporate digest-november 2017Corporate digest-november 2017
Corporate digest-november 2017Abhishek Kanaujia
 
Entry India Services
Entry India ServicesEntry India Services
Entry India ServicesShashi Mohan
 
Presentation of NTN, STRN & Efiling (2) - Copy.pptx
Presentation of NTN, STRN & Efiling (2) - Copy.pptxPresentation of NTN, STRN & Efiling (2) - Copy.pptx
Presentation of NTN, STRN & Efiling (2) - Copy.pptxHassanShafique10
 
Taxation of individuals in singapore
Taxation of individuals in singaporeTaxation of individuals in singapore
Taxation of individuals in singaporeDVSResearchFoundatio
 
Christain Business Conference Presentation by Akhile Ncube
Christain Business Conference  Presentation by  Akhile NcubeChristain Business Conference  Presentation by  Akhile Ncube
Christain Business Conference Presentation by Akhile NcubeStanley Maphosa
 
Taxation for Traders < Markets and Taxation : NOTES
Taxation for Traders < Markets and Taxation : NOTESTaxation for Traders < Markets and Taxation : NOTES
Taxation for Traders < Markets and Taxation : NOTESSubhajit Sahu
 
Entrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationEntrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationRikvin Pte Ltd
 
Statutory compliances for companies in India
Statutory compliances for companies in IndiaStatutory compliances for companies in India
Statutory compliances for companies in Indiakborah
 
A Quick Guide to Singapore Tax
A Quick Guide to Singapore Tax  A Quick Guide to Singapore Tax
A Quick Guide to Singapore Tax OSOME
 

Similar to Income tax return filing ppt (20)

Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17
 
Welcome 2018
Welcome 2018Welcome 2018
Welcome 2018
 
Startup Clinic: Startup Checklist
Startup Clinic: Startup ChecklistStartup Clinic: Startup Checklist
Startup Clinic: Startup Checklist
 
Owner manager compensation
Owner manager compensationOwner manager compensation
Owner manager compensation
 
New company registration in dubai
New company registration in dubaiNew company registration in dubai
New company registration in dubai
 
Salaried individuals for ay 2021 22 income tax department
Salaried individuals for ay 2021 22   income tax departmentSalaried individuals for ay 2021 22   income tax department
Salaried individuals for ay 2021 22 income tax department
 
Income Tax Return.
Income Tax Return.Income Tax Return.
Income Tax Return.
 
Why register company ?
Why register company ?Why register company ?
Why register company ?
 
Corporate digest magazine august, 2017 by venture care
Corporate digest magazine august, 2017 by venture careCorporate digest magazine august, 2017 by venture care
Corporate digest magazine august, 2017 by venture care
 
Corporate digest-november 2017
Corporate digest-november 2017Corporate digest-november 2017
Corporate digest-november 2017
 
Entry India Services
Entry India ServicesEntry India Services
Entry India Services
 
Presentation of NTN, STRN & Efiling (2) - Copy.pptx
Presentation of NTN, STRN & Efiling (2) - Copy.pptxPresentation of NTN, STRN & Efiling (2) - Copy.pptx
Presentation of NTN, STRN & Efiling (2) - Copy.pptx
 
Taxation of individuals in singapore
Taxation of individuals in singaporeTaxation of individuals in singapore
Taxation of individuals in singapore
 
Christain Business Conference Presentation by Akhile Ncube
Christain Business Conference  Presentation by  Akhile NcubeChristain Business Conference  Presentation by  Akhile Ncube
Christain Business Conference Presentation by Akhile Ncube
 
Taxation for Traders < Markets and Taxation : NOTES
Taxation for Traders < Markets and Taxation : NOTESTaxation for Traders < Markets and Taxation : NOTES
Taxation for Traders < Markets and Taxation : NOTES
 
Income tax
Income taxIncome tax
Income tax
 
Entrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company RegistrationEntrepreneur’s Handbook: Singapore Company Registration
Entrepreneur’s Handbook: Singapore Company Registration
 
Statutory compliances for companies in India
Statutory compliances for companies in IndiaStatutory compliances for companies in India
Statutory compliances for companies in India
 
A Quick Guide to Singapore Tax
A Quick Guide to Singapore Tax  A Quick Guide to Singapore Tax
A Quick Guide to Singapore Tax
 
Capital flow
Capital flowCapital flow
Capital flow
 

Recently uploaded

Understanding UAE Labour Law: Key Points for Employers and Employees
Understanding UAE Labour Law: Key Points for Employers and EmployeesUnderstanding UAE Labour Law: Key Points for Employers and Employees
Understanding UAE Labour Law: Key Points for Employers and EmployeesDragon Dream Bar
 
Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.smalmahmud11
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon investment
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)linciy03
 
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case Study
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case StudyTransforming Max Life Insurance with PMaps Job-Fit Assessments- Case Study
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case StudyPMaps Assessments
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxSymbio Agency Ltd
 
Hyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings releaseHyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings releaseirhcs
 
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best FilmmakerDid Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best Filmmakerstajohn447
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptseri bangash
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdcreerey
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiaFalcon Invoice Discounting
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxWorkforce Group
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corp.
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckHajeJanKamps
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastInstBlast Marketing
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.FelixPerez547899
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...ssuserf63bd7
 

Recently uploaded (20)

Understanding UAE Labour Law: Key Points for Employers and Employees
Understanding UAE Labour Law: Key Points for Employers and EmployeesUnderstanding UAE Labour Law: Key Points for Employers and Employees
Understanding UAE Labour Law: Key Points for Employers and Employees
 
Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small Businesses
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case Study
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case StudyTransforming Max Life Insurance with PMaps Job-Fit Assessments- Case Study
Transforming Max Life Insurance with PMaps Job-Fit Assessments- Case Study
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptx
 
Hyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings releaseHyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings release
 
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best FilmmakerDid Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptx
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
Byrd & Chen’s Canadian Tax Principles 2023-2024 Edition 1st edition Volumes I...
 

Income tax return filing ppt

  • 1. Income Tax Return Step by Step Guide for Beginners
  • 2. A brief Guide on Income Tax Return filing for the layman regarding the basic concept of the Tax Filing for the financial year concerned, giving details of Income and expenses for the year and the investments made in the year
  • 3. Who has to file Income Tax Return  An Individual having annual Income Exceeding Rs.2,50,000/-  A Partnership/ LLP Firm engaged in Business or Profession  A Company Incorporated in India.  Apart from above , if the Tax was deducted at Source from the payment made to the person then he has to file the Income Tax Return irrespective of Income.
  • 4. WHY TO FILE INCOME TAX RETURN
  • 5.
  • 6. INCOME TAX RETURN HAS TO BE FILED BY INDIVIDUALS WITH INCOME EXCEEDING MINIMUM EXEMPTION LIMIT RS.250000/- PER ANNUM
  • 7. HAVING INCOME FROM SELF EMPLOYEMENT SALARY, PENSION RENT CAPITAL GAIN INTEREST, DIVIDEND