Am I supposed to pay Income Tax?

The answer depends on the year. For your income for the year 2011-12 (1st April, 2011 to 31st March, 2012), you will have to pay tax if

you are a resident man with a taxable income of more than Rs. 1,80,000

you are a resident woman with a taxable income of more than Rs. 1,90,000

you are a resident senior citizen (age 60+) with a taxable income of more than Rs. 2,50,000

you are a resident very senior citizen (age 80+) with a taxable income of more than Rs. 5,00,000

What is Form 16?

How do you know if your employer is paying your tax on time? and what is the amount?
Your employer will give you a Form 16 at the end of a year. This form 16 has details about the salary he has paid to you, the tax he has deducted on it, and paid to the Income Tax Department

What is Advance Tax / Self-Assessment Tax?

Your employer will deduct tax on your salary income and pay it to the Income Tax Department, but what if you have income from other sources as well?
Say, you sold a piece of land and made a decent profit on it. You now have to pay tax on this profit.
Take another case. Your employer did not deduct tax on your salary. So now you have to pay it to the Income Tax Department.
This tax, which you yourself pay to the Income Tax Department is called Advance Tax / Self-Assessment Tax

What are income tax deductions?

Income Tax Deductions are certain tax benefits you might be allowed to avail. If your income is Rs. 4,00,000, and you are allowed to income tax deductions of Rs. 1,00,000, you will only have to pay tax on Rs. 3,00,000 at the slab rates.
There are numerous income tax deductions. Example:

Premium paid on a Life Insurance Policy

Housing Loan Repaid

Amount deposited in a PPF (Public Provident Fund) Account

Certain Mutual Funds purchased

ULIPs purchased

Why ITR Consultant

ITR Consultant provides Income Tax Return filing, Income Tax Consultancy, Individual Income tax return filing and Income Tax refund facility for all salaried employees. Our Income Tax Consultants give personal attention to each individual and suggest best ways to minimise Income tax and get fast Income Tax Refund.

Here are just a few of the benefits that will accrue to your organization
when you use our services:

Always available locally in India to answer any queries.

Only Trusted service provider in India.

Our extensive experience gives quick refund

Money is refunded directly to your Bank account by Income Tax Departmet.

We charge Flat fee irrespective of refund amount.

Users have to only provide their financial information and leave the complexities of calculating tax liabilities and preparing tax returns to ITR including type of return to be filed.
The portal supports Income Tax return preparation for salaried individuals as well as specific categories of professionals.
ITR has a real-time interface with the Income Tax Department; thereby increasing efficiency, security and simplicity in the tax filing process. The portal has opened up this interface for Tax Professionals to manage their information through a single single form. 

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                      NOW A DAYS INCOMETAX RETURN FILLING FOR EVERY EARNING MEMBER IS MUST WITHOUT ANY MARGIN OF PAYMENT.IN OUR BUSHY DAY TO DAY LIFE WE SOMETIME FORGET TO MAKE RETURN FILLING TO THE OFFICE .

TO AVOID SUCH INCONVENIENCE WE GET THE EFILLING OF INCOMETAX FOR YOU.