TaxEase Consultancy

Income Tax

Making Taxes Effortless, So You Can Focus on Living

Your time is valuable—and so is your money. That’s why we’re here to make tax filing simple, smart, and stress-free. Whether you’re a salaried employee, a freelancer, or somewhere in between, we take care of the numbers so you can focus on what matters. From maximizing your refund to tailoring tax-saving strategies that fit your life, we handle it all with zero jargon and 100% clarity. Need help year-round? We’ve got your back beyond tax season with ongoing support, timely reminders, and expert guidance. It’s not just about filing—it’s about making your finances work for you, effortlessly.

Your Salary Called. It Wants to Stay.

Tax season? More like relax season.
We handle the tricky bits—from ITR filing to tax-saving tips—so you can hold onto more of your hard-earned money (and your sanity).

Zero Jargon

We skip the tax lingo and speak your language—finally, numbers that make sense.

Smart Planning

Get clever, personalized strategies that save you money without the guesswork.

Maximum Refunds, Minimum Stress

We do the heavy lifting so you get the biggest refund with zero panic.

Complete Tax Filing, Start to Finish

We handle everything—from document uploads to final submission—so you never miss a refund or a deadline.

Support That Sticks Around

Tax season or not, we’re in your corner with proactive advice, timely alerts, and expert help when things get tricky.

Tax Planning That Fits You

One-size-fits-none. We craft tax-saving strategies based on your income, lifestyle, and future goals—no guesswork involved.

Income Tax Filing Checklist

Personal Identification

  • PAN card
  • Aadhaar card

Income Proofs

  • Form 16 (for salaried employees)
  • Salary slips (if Form 16 not available)
  • Invoices (for freelancers/business owners)
  • Bank statements (business & personal)

Investments & Deductions

  • Life insurance premium receipts
  • PPF, NSC, ELSS investment proofs
  • Health insurance receipts (80D)
  • Home loan interest & principal certificates
  • Donation receipts (80G)
  • Education loan interest certificate (80E)
  • NPS contribution proof

Other Income

  • Interest certificates (FD, savings accounts)
  • Dividend statements
  • Rental income documents & rent receipts
  • Capital gains statements (shares, property, crypto)

TDS & Tax Credit Documents

  • Form 16A, 16B, 16C (if applicable)
  • Form 26AS (tax credit statement)

Property Documents

  • Property sale/purchase deeds (if applicable)
  • Rent receipts for HRA claims

TAX SLABS

New Tax Regime Income Tax Slab Rates for FY 2024-25

If you’re filing your income tax return for FY 2024-25, these are the tax slabs that apply to the income earned between 1st April 2024 and 31st March 2025. The due date for filing your return is 31st July for non-audit cases and 31st October for audit cases.

Income Tax Slabs Tax Rates
Up to Rs. 3 lakh NIL
Rs. 3 lakh – Rs. 7 lakh 5%
Rs. 7 lakh – Rs. 10 lakh 10%
Rs. 10 lakh – Rs. 12 lakh 15%
Rs. 12 lakh – Rs. 15 lakh 20%
Above Rs. 15 lakh 30%

Features of New Tax Regime

The following are the features applicable only for new regime:

  • Tax rates are the same for all categories of Individuals, i.e. Individuals, Senior citizens, and Super senior citizens. 
  • Rebate: Tax rebate up to Rs.25,000 is applicable if the total income does not exceed Rs. 7,00,000 (not applicable for NRIs).  
  • Standard Deduction: Allowed for salaried employees is Rs.75,000.
  • Deduction under Family Pension: Increased from Rs.15,000 to Rs.25,000. 
  • NPS Contribution: The deduction limit on employer’s contribution to NPS is 14% for FY 2024-25.
  • Surcharge: The highest surcharge rate is 25% as opposed to 37% in the old.
  • The new regime is the default tax regime.

Old Tax Regime Income Tax Slab Rates for FY 2024-25

There were no changes made to the tax slabs under the old regime. The tax slabs under the old regime are as follows:

Individuals less than 60 Years of Age

Income Slabs Income Tax Rates
Up to Rs. 2.5 lakh NIL
Rs. 2.5 lakh – Rs. 5 lakh 5%
Rs. 5 lakh – Rs. 10 lakh 20%
Above Rs. 10 lakh 30%

Resident Individuals Aged 60–80 Years

Income Slabs Income Tax Rates
Up to Rs. 3 lakh NIL
Rs. 3 lakh – Rs. 5 lakh 5%
Rs. 5 lakh – Rs. 10 lakh 20%
Above Rs. 10 lakh 30%

Resident Individuals Aged more than 80 Years

Income Slabs Income Tax Rates
Up to Rs. 5 lakh NIL
Rs. 5 lakh – Rs. 10 lakh 20%
Above Rs. 10 lakh 30%

Note: 

  • Surcharge and cess will be applicable.
  • Individual residents with net taxable income less than or equal to Rs.5 lakh will be eligible for tax rebate u/s 87A under the old tax regime, i.e. tax liability will be NIL.

When Can I Opt for Old vs New Regime?

Nature of Income Time of Selection of option of old vs new regime
Income from Salary or any other head of income attracting TDS • Choice to be made by the employee at the beginning of the financial year.
• Though the choice cannot be changed during the year, it can be changed at the time of filing Income Tax Return.
Income from Business & Profession • In case you have Business or professional income, the choice between tax regimes can only be made once in a lifetime.

ITR FORMS

🧾 Which ITR Form Is Right for You?

File smart. Pick the right form.

💼 ITR-1 (Sahaj)

For: Salaried individuals with income up to ₹50L
Includes: Salary, 1 house, interest income
✨ New: Now includes small LTCG under ₹1.25L

🏠 ITR-2

For: Individuals with capital gains, multiple houses, or foreign assets
No business income
🎯 Ideal for investors & high earners

📊 ITR-3

For: Business owners & professionals
Includes income from salary, business, capital gains, and more
🚀 For freelancers, consultants, and entrepreneurs

🧮 ITR-4 (Sugam)

For: Small businesses & professionals under presumptive tax (₹50L limit)
Quick and easy!
📦 Perfect for shop owners, freelancers

🤝 ITR-5

For: LLPs, partnerships, AOPs, BOIs
🏢 For firms and other non-individuals (not companies)

🏢 ITR-6

For: Companies (except those claiming exemption under Section 11)
📈 For private limited, public companies, etc.

🙏 ITR-7

For: Charitable trusts, NGOs, political parties
📘 For entities claiming tax exemption

Frequently Asked Questions (FAQs)

It depends on your income type, total income, and whether you have business, capital gains, or foreign assets. Still unsure? We’ll help you pick the right one.

Your return may be considered defective and could be rejected by the Income Tax Department. Always file using the correct form.

Yes — but only by revising your return before the deadline. Corrections must be made using the correct form.

Yes! ITR-1 (Sahaj) is the simplest, but it’s only for salaried individuals with income up to ₹50L and no capital gains or business income.

Use ITR-3 if you maintain books or have capital gains. Use ITR-4 if you opt for the presumptive tax scheme (Sec 44ADA).

Not always—but it’s recommended if:

  • You want to claim a refund
  • You have foreign assets or income
  • You’ve made high-value transactions