Simplify Your Tax Filing Process with Trusted Professionals
At Fincart, we understand that filing income tax returns can be daunting. Our dedicated tax advisors are here to make the process seamless, ensuring accuracy, compliance, and maximum savings.
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Maximized Deductions
We meticulously analyze your financials to identify all eligible deductions and exemptions, ensuring you don't pay more than necessary.
Why Choose Fincart for Your IT Return Filing?
Expert Guidance: Our seasoned tax professionals stay updated with the latest tax laws to provide accurate and personalized advice.
How It Works
Sign Up
Create your Fincart account and select the required service.
Upload Documents
Securely upload necessary documents like Form 16, investment proofs, etc.
Consultation
Our tax advisor reviews your documents and discusses any queries.
Review & Approval
Receive a draft of your return for review. Approve once satisfied.
Filing & Confirmation
We file your return and provide you with the acknowledgment receipt.
How to Check Online Income Tax E-Filing Status
By following this e-filing income tax procedure, you can efficiently and accurately file your tax returns online.To check the status of your online tax filing, follow these simple steps:Visit the official Income Tax e-filing portal.Log in using your PAN and password.Go to the ‘e-File’ menu and select ‘Income Tax Return’.Click on ‘View Status’ to see the current progress of your return.By following these steps, you can easily track the status of your online tax filing.
Who Should File an Income Tax Return?
Filing an Income Tax Return (ITR) is not just for high-income individuals. If your total income exceeds the basic exemption limit (₹2.5 lakh for individuals under 60, ₹3 lakh for seniors, ₹5 lakh for super seniors under the old regime), filing is mandatory. However, even if you’re below the threshold, filing can be beneficial. You should file if:
- You want to claim a tax refund.
- You’ve earned income through investments, freelance work, or side gigs.
- You’re applying for a loan or visa—ITR proofs are often mandatory.
- You’re an NRI with income earned or accrued in India.
- You wish to carry forward capital losses to the next financial year.
At Fincart, we guide you through eligibility and make sure your filing is both compliant and advantageous.
Revised Income Tax Slabs under the New Regime for FY 2024-25 (AY 2025-26)
The new tax regime offers revised slabs aimed at reducing the tax burden:
- Income up to ₹3,00,000: Nil
- ₹3,00,001 – ₹7,00,000: 5%
- ₹7,00,001 – ₹10,00,000: 10%
- ₹10,00,001 – ₹12,00,000: 15%
- ₹12,00,001 – ₹15,00,000: 20%
- Above ₹15,00,000: 30%
Benefits of Filing Income Tax Returns on Time
Filing on time is not just about avoiding penalties—it brings tangible benefits:
Claim Refunds Quickly
Avoid delays in receiving TDS or excess tax refunds.
Loan & Credit Card Approvals
Lenders often require ITRs for income proof.
Smooth Visa Processing
Consulates ask for ITRs for visa approval.
Carry Forward Losses
Offset capital and business losses against future profits.
Builds Financial Reputation
Regular filing builds a strong financial profile.
With Fincart, you’ll never miss a deadline—we handle the timeline so you can focus on what matters.
E-Verification & Post-Filing Support
Filing is only complete once your return is verified. We assist you in:
- E-verifying using Aadhaar OTP, Net Banking, or EVC.
- Helping with manual ITR-V submission (if needed).
- Tracking your refund status regularly.
- Responding to IT department communications, if any.
- Making corrections or revisions, if necessary.
With Fincart, our responsibility doesn’t end at filing—we’re with you till your return is accepted and refunded.
ITR Filing for Different Profiles
What Happens If You Don’t File Your Return?
Non-filing of ITR can lead to serious consequences:
- Late Fees ₹1,000 to ₹5,000 under Section 234F
- Interest Penalties 1% per month on outstanding taxes under 234A/B/C
- Loss of Refunds Can’t claim TDS or excess tax if return is not filed.
- No Loss Carry-Forward You’ll lose the benefit to carry forward capital/business losses.
- Scrutiny from IT Dept May invite compliance notices or audits.
Don’t risk it—Fincart ensures your taxes are filed well within the timeline.
Updates & Changes in the Latest Assessment Year
Every year, the IT department introduces changes. For AY 2024-25, here’s what’s new:
- Revised ITR forms with simplified disclosures.
- New tax regime defaults with optional switch.
- Increased scrutiny on high-value transactions.
- Additional reporting for crypto and foreign assets.
- Updated 26AS and AIS forms.
Documents Required for ITR Filing
Accurate filing starts with the right documents. Here’s what we typically need from you:
- Rental Income & Property Details
We provide a secure upload link and checklist to make document submission simple and safe.
Documents Required for ITR Filing
Accurate filing starts with the right documents. Here’s what we typically need from you:
- Form 16/Salary Slips
- Investment Proofs (80C, 80D, etc.)
- PAN & Aadhaar Card
- Business Income Details
- Bank Statements
- Capital Gains Statements
- Rental Income & Property Details
We provide a secure upload link and checklist to make document submission simple and safe.
Who Should File an Income Tax Return?
Accurate filing starts with the right documents. Here’s what we typically need from you:
- Form 16/Salary Slips
- PAN & Aadhaar Card
- Bank Statements
- Investment Proofs (80C, 80D, etc.)
- Capital Gains Statements
- Business Income Details
- Rental Income & Property Details
We provide a secure upload link and checklist to make document submission simple and safe.
Common Mistakes to Avoid While Filing ITR
Many people unknowingly file incorrect returns, which may lead to notices or penalties. Watch out for:
- Step 1: Choosing the wrong ITR form
- Step 2: Ignoring income from other sources (interest, dividends, crypto, etc.)
- Step 3: Missing deductions under sections like 80C, 80D, 80G
- Step 4: Incorrect bank details leading to refund failures
- Step 5: Not verifying the ITR after submission
Testimonial
Tax Planning vs. Tax Filing: Know the Difference
Filing is reactive. Planning is proactive.
- Tax Filing is the final step of declaring your income and paying your dues.
- Tax Planning is where savings happen—investing smartly under various exemptions and optimizing income.
At Fincart, we don’t just file—we help you plan your taxes year-round so that you pay only what’s necessary and build long-term wealth.
Why DIY Isn’t Always the Best Option
Ready to File Your Taxes with Confidence?
Join thousands who trust Fincart for their tax filing needs.
FAQs
How to file an income tax return for free?
You can file an income tax return for free by visiting the official Income Tax e-filing portal, logging in with your PAN, and using the “Prepare and Submit Online” option to complete and submit your return without any charges
What is the deadline for e-filing income tax returns?
For the financial year 2023-24, the deadline to file ITR without incurring a late fee was July 31, 2024. Taxpayers could still submit a belated return—with penalties—until December 31. A similar timeline is anticipated for AY 2025-26, with July 2025 as the initial cut-off.
How do I correct errors in my e-filed tax return?
To correct errors in your e-filed tax return, log in to the Income Tax e-filing portal, go to ‘e-File’ > ‘Income Tax Return’, and select ‘Revised Return’ under the filing type. Submit the corrected return with updated details.
Can I file a revised return after e-filing my tax return?
Yes, you can file a revised return after e-filing your tax return. Simply log in to the Income Tax e-filing portal, choose ‘Revised Return’ under the filing type, and submit the updated details before the deadline for revisions.
What is the difference between e-filing and manual filing of tax returns?
E-filing is the online submission of tax returns through the Income Tax portal, offering speed, accuracy, and instant acknowledgment. On the other hand, manual filing involves physically submitting paper forms to the tax office, which is slower and more prone to errors or delays.
What is the penalty for late e-filing of income tax returns?
For FY 2024-25, if you file your income tax return after the due date (31st July 2025), a penalty of up to ₹5,000 may apply under Section 234F. However, if your total income is ₹5 lakh or less, the maximum penalty is limited to ₹1,000.
How do I verify my e-filed income tax return?
You can verify your e-filed income tax return through multiple options on the Income Tax e-filing portal:
- e-Verify using Aadhaar OTP
- Generate EVC via bank account, Demat account, or net banking
- Send a signed ITR-V to CPC, Bengaluru
Verification must be completed within 120 days of filing to process your return.
How to Check Online Income Tax E-Filing Status
To check the status of your online tax filing, follow these simple steps:
- Visit the official Income Tax e-filing portal.
- Log in using your PAN and password.
- Go to the ‘e-File’ menu and select ‘Income Tax Return’.
- Click on ‘View Status’ to see the current progress of your return.
By following these steps, you can easily track the status of your online income tax filing.