Why Choose Jain Prachi & Company?
Expert-Led Tax Filing
– Hassle-free ITR filing with 100% accuracy & compliance.
Maximize Your Tax Savings
– Ensure you claim all eligible deductions & exemptions.
Fast & Secure Process
– File your returns in just 24-48 hours with expert assistance.
Get Started!
Income Tax Filing Services in India
File Your Income Tax Returns with Ease – Let Jain Prachi & Company Handle It!
At Jain Prachi & Company, we provide comprehensive Income Tax Return (ITR) filing services for individuals, salaried employees, business owners, and professionals. Our expert tax consultants ensure error-free and compliant tax filings while helping you optimize your tax savings.
Great service and very helpful. Received advice on taxation and it proved very helpful. Would recommend it for everyone.
runda Makwana
I have been using JAIN PRACHI & COMPANY Accounting Services from last 6 years, and I am consistently impressed with their professionalism and proactive approach so far.
Ankit Neema
Highly professional and responsive with excellent expertise in taxation in Indore!
Shreyansh Bokadiya
10
Years Experience
Why Choose Jain Prachi & Company for Income Tax Filing?
Proven Benefits:
✔ ITR Filing in Just 24-48 Hours – Quick and accurate tax filing service.
✔ 100% Online & Paperless Process – Submit your documents digitally.
✔ Tax Optimization & Savings – Maximize deductions under Sections 80C, 80D, 10(14), etc.
✔ Error-Free & Risk-Free Filing – Reduce the risk of scrutiny and penalties.
✔ Assistance with Tax Refunds – Ensure faster refund processing from the IT department.
Who Needs to File an Income Tax Return?
Income Tax Return (ITR) Filing Due Dates, Income Slabs & Mandatory Filing Rules
Income Tax Return (ITR) Filing Due Dates
| Category of Taxpayer | AY 2024-25 (FY 2023-24) Due Date | AY 2025-26 (FY 2024-25) Due Date |
|---|---|---|
| Individuals, HUFs, BOIs, AOPs (Non-Audit Cases) | July 31, 2024 | July 31, 2025 |
| Businesses requiring Audit (Companies, Firms, etc.) | October 31, 2024 | October 31, 2025 |
| Transfer Pricing Cases (Section 92E) | November 30, 2024 | November 30, 2025 |
Income Tax Slabs & Tax Rates for AY 2024-25 & AY 2025-26
✔ Old Tax Regime (AY 2024-25 & AY 2025-26)
| Income Range (₹) | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Rebate under Section 87A: Individuals with taxable income up to ₹5,00,000 will get a rebate, making their tax liability zero.
✔ New Tax Regime (AY 2024-25)
| Income Range (₹) | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹7,00,000 | 5% |
| ₹7,00,001 to ₹10,00,000 | 10% |
| ₹10,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Rebate under Section 87A: Individuals with taxable income up to ₹7,00,000 under the new tax regime will have zero tax liability.
✔ New Tax Regime (AY 2025-26)
| Income Range (₹) | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Rebate under Section 87A: Individuals earning up to ₹12,00,000 may be eligible for specific tax reliefs under the new tax regime.
Who is Required to File a Mandatory Income Tax Return?
Income-Based Filing Requirement:
Total income before deductions (under sections 80C to 80U) exceeds the taxable limit:
✔ ₹2,50,000 for individuals below 60 years
✔ ₹3,00,000 for senior citizens (60-80 years)
✔ ₹5,00,000 for super senior citizens (above 80 years)
Mandatory ITR Filing Regardless of Income:
✔ If you have foreign assets or income (bank accounts, shares, etc.)
✔ If you deposited more than ₹50 lakh in savings accounts or ₹1 crore in a current account
✔ If your electricity bill exceeds ₹1 lakh in a year
✔ If your total TDS/TCS exceeds ₹25,000 (₹50,000 for senior citizens)
✔ If you spent more than ₹2 lakh on foreign travel
✔ If you are a resident but have signing authority in a foreign bank account
Businesses & Professionals Must File ITR If:
✔ Business turnover exceeds ₹60 lakh in a financial year
✔ Professional receipts exceed ₹10 lakh in a financial year
✔ Total sales, turnover, or gross receipts exceed ₹2 crore under the presumptive taxation scheme
Key Takeaways
✔ File ITR on time to avoid penalties.
✔ Individuals earning up to ₹7 lakh (AY 2024-25) and ₹12 lakh (AY 2025-26) may pay zero tax under the new tax regime.
✔ Choose between the old & new tax regime based on exemptions & deductions.
✔ Monitor high-value transactions to ensure compliance with IT return filing.
Types of ITRs We File
| ITR Form | Applicable For |
|---|---|
| ITR-1 (Sahaj) | Salaried individuals with income up to ₹50 lakh. |
| ITR-2 | Individuals with capital gains, foreign income, or high earnings. |
| ITR-3 | Professionals, business owners, and partners in firms. |
| ITR-4 (Sugam) | Presumptive taxation scheme for small businesses & freelancers. |
| ITR-5 | Partnership firms & LLPs. |
| ITR-6 | Companies registered under the Companies Act. |
| ITR-7 | NGOs & Trusts claiming tax exemptions. |
Step-by-Step ITR Filing Process
✔ Submit Your Details – Upload PAN, Aadhaar, salary slips, bank statements, and other documents.
✔ Tax Computation & Deduction Optimization – Our experts analyze your income and deductions.
✔ ITR Preparation & Review – We ensure accurate filing and tax calculations.
✔ Filing & E-Verification – Submit the return online and e-verify to complete the process.
✔ Track Refund & Compliance Support – Monitor refund status and post-filing compliance.
Documents Required for Income Tax Filing
| Document | Requirement |
|---|---|
| PAN & Aadhaar Card | Mandatory for identity verification. |
| Form 16 (Salaried Individuals) | Proof of salary income & TDS deduction. |
| Bank Statements | Needed for interest income, deductions & verification. |
| Investment Proofs | For claiming deductions under Sections 80C, 80D, etc. |
| Property Sale/Purchase Documents | Required for capital gains tax computation. |
| Business Income Details | Profit & Loss statement for self-employed individuals. |
Common Challenges in ITR Filing & How We Help
| Challenge | Solution Provided by Jain Prachi & Company |
|---|---|
| Incorrect Tax Computation | Our experts ensure error-free tax calculations. |
| Missed Deductions & Exemptions | We help you claim all eligible tax benefits. |
| Mismatch in TDS & Income Details | We assist in TDS reconciliation & rectifications. |
| Delays in Tax Refunds | We track refund status & ensure faster processing. |
| Filing for Multiple Income Sources | We handle complex tax scenarios efficiently. |
Income Tax Filing Pricing
| Plan | Pricing |
|---|---|
| Salaried Individuals & Freelancers | ₹999 only |
| Business Owners & Self-Employed | ₹2,499 only |
| Companies & LLPs | ₹4,999 only |
Frequently Asked Questions
Phone
+91-8989666715
Location
304, Trade House, 14/3, South Tukoganj, Indore (M.P.) -452001
contactus@jainprachi.com
