IRS TAX PAYER PROTECTIN SYSTEM
KvrTax Services is an excellent platform for filing your Income Tax. It has the most affordable plans and provides a secured platform. Income Tax preparation require accuracy and zero tolerance of mistakes as one has to be very careful while preparation of Income Tax.
An Income Tax Filing is a form used to file information about the Income and taxes paid to Income Tax Authorities. Tax liability of a taxpayer is assessed on the basis of his or her Income. In case excess tax (i.e. paid taxes exceed the tax liability) has been paid in a year, taxpayer can claim refund for the said year by filing.
Frequently Asked Questions
How do I file my own Income Tax?
Log on to the Income Tax Department portal (www.incometaxindiaefiling.gov.in) for filing returns online. Register using your Permanent Account Number (PAN), which will serve as the user ID. Under 'Download', go to e-filing under the relevant assessment year and select the appropriate Income Tax Return (ITR) form.
Who is eligible for income tax filing?
The basic exemption limit for FY 2019-20 is Rs 3 lakh for senior citizens (aged between 60 and 80 years), Rs 5 lakh for super senior citizens (aged 80 years or more), and Rs 2.5 lakh for others.
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