Income tax return filing
Accurate returns for individuals, HUFs, firms, LLPs and companies, filed on time.
Advance tax and tax planning
Estimate your tax during the year and pay it in instalments to avoid interest.
About Advance tax and tax planning
Advance tax means paying income tax in instalments during the year instead of in one lump sum at the end. It applies when your total tax liability for the year, after TDS, is Rs 10,000 or more. The tax is paid on 15 June (15%), 15 September (45% cumulative), 15 December (75% cumulative) and 15 March (100%). Taxpayers under the presumptive scheme for business can pay the whole amount in one instalment by 15 March.
If you pay too little or too late, interest is charged for the shortfall. We estimate your income, prepare the challan details and also look at ways to plan your tax before the year ends.
Who needs it
- Business owners, professionals and firms
- Individuals with large capital gains, rental income or interest
- Anyone who regularly owes tax at the time of filing
- Companies and LLPs
Documents required
What we need
- Profit and loss and trial balance up to date, or turnover and expense details
- Last year's return and computation
- TDS and TCS already deducted (Form 26AS)
- Expected capital gains, rent, interest and other income
- Details of investments you plan to make for deductions
Exact requirements can vary with your case and the authority. We confirm the final list when you contact us, so you collect everything once.
How we do it
- EstimateWe project your income and tax for the full year from your books.
- Compute instalmentsWe work out how much to pay on each due date.
- Pay and recordWe prepare challan details and note the payments for the return.
- PlanWe suggest legal ways to reduce tax before 31 March, where possible.
Time it takes
A quick estimate can be given within a day. Instalment reminders are set for each due date.
Frequently asked questions
Who must pay advance tax?
Anyone whose tax payable for the year, after TDS, is Rs 10,000 or more. Senior citizens without business income are exempt.
What is the interest for non-payment?
Interest is charged monthly on the shortfall, and for delay in the instalments. The calculation is done in the return and the amount depends on the gap.
Related services
TDS and TCS returns
Deduct at the right rate, pay on time, file quarterly statements and issue certificates.
Capital gains and HUF returns
Compute gains on property, shares and funds, and file returns for HUFs.