India’s Largest Financial Services Platform for Your Business

Book Appointment
 

Office Address

1st Floor, Green Square Market Hisar, Haryana 125001

Send Us Mail

info@mymonitrix.com

Facebook Twitter Youtube Linkedin

     Need Help Call Now?    +91-1662-355590

Follow Us On:
Facebook-f Twitter Youtube Linkedin-in

Intrinsicly evisculate emerging cutting edge scenarios redefine future-proof e-markets demand line

Gallery Posts

Working Hours

Mone - Fri: 09:00 - 06:00
Saturday: 09:00 - 12:00
Sunnday 09:00 - 04:00
Monday 09:00 - 05:00

What Our Clients Say

"Their attention to detail and commitment to excellence in financial management have been a game-changer for our business."
Happy Client
"Monitrix stands out for their professionalism and deep financial knowledge. They’ve truly helped craft our success story."
Happy Client
"The team’s dedication and personalized approach have consistently exceeded our expectations. A trusted partner for all things financial!"
Happy Client

Personal Tax filling

  • Home
  • Personal Tax filling

Exclusive Package

Invoice Number

GST Rates 

Place of Supply 

Total Invoice Value 

 

Documents Required

Copy of PAN Card 

Passport size photograph 

Copy of Aadhaar Card/ Voter identity card of directors

Copy of Rent agreement (If rented property)

Copy of Property papers(If owned property)

Landlord NOC (Format will be provided)

Working Hours

  • Mon – Fri 7.00 – 09:00 pm
  • Saturday 8.00 – 08:00 pm
  • Sunday closed

Have Any Query?

Get A Quote

Assertively communicate multidisciplinary content through emerging skills for intermandated e-tailers. Rapidiously revolutionize emerging supply for interdependent portals. Monotonectally restore 24/365 leadership for high quality niche markets transform emerging mindshare...

Assertively communicate multidisciplinary content through emerging skills for intermandated e-tailers. Rapidiously revolutionize emerging supply for interdependent portals. Monotonectally restore 24/365 leadership for high quality niche markets transform emerging mindshare...

Assertively communicate multidisciplinary content through emerging skills for intermandated e-tailers. Rapidiously revolutionize emerging supply for interdependent portals. Monotonectally restore 24/365 leadership for high quality niche markets transform emerging mindshare...

Personal Tax Filling

"File Your Income Tax Returns with Monitrix.in - ITR eFiling Service

Ensure accurate and timely income tax filing with Monitrix.in, your trusted partner for seamless ITR e Filing. Our platform offers dedicated Tax Expert support and plagiarism-checked content for a hassle-free experience. Stay compliant and boost your SEO with our optimized services.

Choose the Right ITR Form for Your Profile:

1.    ITR-1:

·         Applicability: Individuals with an annual income of less than Rs.50 Lakhs from salary or pension and owning a single house property.

2.    ITR-2:

·         Applicability: NRIs, Directors of Companies, shareholders of private companies, or individuals with capital gains, foreign income, multiple house properties, or income exceeding Rs.50 lakhs.

3.    ITR-3:

·         Applicability: Professionals and proprietors conducting business in India.

4.    ITR-4:

·         Applicability: Taxpayers under the presumptive taxation scheme with business income below Rs.2 crores or professional income below Rs.50 lakhs.

5.    ITR-5:

·         Applicability: Partnership firms, LLPs, associations, and bodies of individuals.

6.    ITR-6:

·         Applicability: Companies registered in India.

7.    ITR-7:

·         Applicability: Charitable/religious trusts, political parties, scientific research institutions, colleges, or universities.

It is mandatory for individuals, NRIs, partnership firms, LLPs, companies, and trusts to file income tax returns annually. Monitrix.in provides expert-guided income tax eFiling services. Simply upload your Form-16, and our experts will handle the rest, providing you the acknowledgment within 1-2 business days.

Penalty for Late Filing: Taxpayers failing to file on time face penalties and interest. Recent updates:

  • Late filing between 1st August and 31st December: Rs.5000
  • Late filing after 31st December: Rs.10,000
  • Penalty for taxable income less than Rs.5 lakhs: Rs.1000

Income Tax Return Due Date:

  • Individuals: 31st July
  • Companies and tax audit cases: 30th September

Stay informed with our comprehensive guides on:

  • Benefits of E-Filing Income Tax Returns
  • Income Tax Return Forms
  • Procedure for Filing Income Tax Return
  • Penalty for Late Filing of Income Tax Returns

Explore Top Income Tax Deductions for the year 2019, including Section 80C, 80D, 80EE, 80E, and 80G.

Smarter Banking Solutions: Open a current account, get a payment gateway, or avail loans through Monitrix.in and our partner banks.

Discover a Zero Late Fee Platform: Avoid unnecessary penalties with our enterprise-grade technology. Manage compliance for proprietorship, partnership, LLPs, and private limited companies at affordable rates.

Read Customer Reviews: Join over 1 lakh satisfied customers who have completed over 7 lakh services through Monitrix.in. We take pride in delivering top-notch accounting, financial, and secretarial services online.

Choose Monitrix.in for a seamless, efficient, and cost-effective approach to personal tax return filing. Your satisfaction is our guarantee!”

(Note: This rewrite is optimized for SEO and plagiarism check while maintaining the informational content of the original text. Please ensure compliance with applicable guidelines and regulations.)

Key Points

Filing personal taxes can seem complex, but breaking it down into key points can help simplify the process. Here are some essential points to consider when filing your personal taxes:

Filling Status:

Determine your filing status (e.g., Single, Married Filing Jointly, Head of Household). Your filing status affects your tax brackets and deductions.

Income Sources:

    • Include all sources of income, such as wages, self-employment income, rental income, dividends, and interest.

Tax Deductions:

Identify and claim eligible tax deductions. Common deductions include student loan interest, mortgage interest, medical expenses, and charitable contributions.

Tax Credits:

    • Take advantage of tax credits to reduce your tax liability. Examples include the Child Tax Credit, Earned Income Tax Credit (EITC), and education credits.

W-2 and 1099 Forms:

Gather all relevant tax forms, including W-2s for employment income and 1099s for other income like freelance work or dividends.

Record-Keeping:

Maintain accurate records of income, expenses, and receipts. This is crucial for verifying deductions and credits and can be helpful in case of an audit.

Filling Deadline:

    • Be aware of the tax filing deadline. In the United States, it’s typically April 15th. File on time to avoid penalties and interest.

Tax Software or Professional Help:

Decide whether to use tax software or seek professional assistance. Tax software can guide you through the process, while a tax professional can provide personalized advice.

E-Filling vs. Mailing:

Consider e-filing your taxes, as it is generally faster and more secure than mailing a paper return. E-filing also provides confirmation of receipt.

Healthcare Coverage:

If applicable, don’t forget to file state income taxes. State tax regulations vary, so be aware of the rules specific to your state.

State Taxes:

    • Understand the Affordable Care Act (ACA) requirements. Ensure you have the necessary healthcare coverage or qualify for an exemption.

Review Before Submission:

Double-check your tax return for accuracy and completeness before submitting it. Mistakes can lead to delays or potential issues with the IRS.

Payment or Refund:

    • If you owe taxes, arrange for payment by the deadline. If you’re expecting a refund, choose a direct deposit option for quicker receipt.

Stay Informed:

    • Keep yourself informed about changes in tax laws and regulations that may affect your filing status or eligibility for certain deductions and credits.

Remember that tax laws can change, so it’s advisable to consult with a tax professional or refer to the latest tax guidelines for the most accurate and up-to-date information.

Steps of Personal Tax Filling:

Filing personal taxes involves several steps. Here’s a general guide to help you navigate the process.

Gather Documents:

Collect all relevant financial documents, including W-2s for employment income, 1099s for other income sources, receipts for deductible expenses, and any other supporting documents.

Choose a Filling Status:

Determine your filing status (e.g., Single, Married Filing Jointly, Head of Household). Your filing status affects your tax rates and deductions.

Calculate your Income:

Add up all sources of income, including wages, self-employment income, rental income, dividends, and interest.

Claim Eligible Deductions:

    • Identify and claim eligible deductions. Common deductions include student loan interest, mortgage interest, medical expenses, and charitable contributions.

Consider Tax Credits:

Determine if you qualify for any tax credits, such as the Child Tax Credit, Earned Income Tax Credit (EITC), or education credits.

Use Tax Software or Hire a Professional:

    • Decide whether to use tax software or seek professional assistance. Tax software can guide you through the process, while a tax professional can provide personalized advice.

Complete the Tax Forms:

    • Fill out the required tax forms, such as Form 1040 or 1040EZ. Include all necessary information, and double-check for accuracy.

E-File or Mail your Return:

If you owe taxes, arrange for payment. Options include electronic funds withdrawal, credit card payment, or mailing a check with your return.

Pay Taxes Owed:

    • Decide whether to e-file your return or mail a paper copy. E-filing is generally faster and more secure, and it provides confirmation of receipt.

Choose Direct Deposit or Refund:

If you’re expecting a refund, choose the direct deposit option for faster receipt of your money.

Keep a Copy:

    • Make a copy of your completed tax return for your records. This includes all supporting documents and schedules.

File State Taxes:

If your state requires income tax filing, complete the necessary state tax forms and submit them by the deadline.

Review and Confirm:

    • Before submitting your return, carefully review all information. Ensure that names, Social Security numbers, and other details are accurate.

Submit your Return:

    • If e-filing, follow the instructions provided by the tax software. If mailing a paper return, use the appropriate mailing address for your location.

Check for Acknowledgment:

    • If e-filing, check for an acknowledgment of receipt. This confirms that the IRS has successfully received your return.

Stay Informed:

    • Stay informed about changes in tax laws and regulations, as well as any updates or notices from the IRS.

Remember that individual circumstances may vary, and it’s always a good idea to consult with a tax professional or use reliable tax software to ensure accurate and timely filing.