Hi, I guess the thread title says it all. I usually gross 30k+ per month and since I started off some 8-10 months ago, this would be the first time I'll be actually needing to file taxes. But I am clueless Any advice, pointers, sitelinks would be appreciated. Thanks!
It would be best to consult your friends/family and contact their trusted chartered accountant. Such person if already well known in your family circle, can help you more correctly and wisely. Regards, RightMan
Make any kind of investment for 1 lac and pay tax for another remaining amount. I still would prefer to consult a Ca for this.
Okay this is what I gathered from the thread referred to by DeluxDon and some other forums: 1) ITR 4 needs to be filled 2) Normal tax slabs apply - for lower income group, it's not much of an issue - 1.6l for males and 1.9l for females is tax-free 3) Above that investments of upto 1 lakh can be done to evade tax. Would any body like to add to this? Also how can I provide proof of income if asked for? Thanks!