Fintech firm Clear (erstwhile Cleartax) has began charging for its revenue tax return (ITR) self-filing function starting present evaluation 12 months. The corporate, which began in 2011 with self-ITR submitting as the primary product providing, had been offering the power freed from value.
“This unimaginable product has been out there freed from value to all our customers for 10+ years. In an effort to proceed supporting our customers with this superb product, beginning Might 2022, we’re charging our customers a nominal charge that may assist us sustainably course of knowledge of hundreds of thousands of Indians all whereas guaranteeing 0% downtime,” learn a word on Clear’s web site.
Taxpayers should select from three plans relying on the ITR type relevant to them.
These with revenue beneath ₹5 lakh and eligible for ITR-1 pays ₹199 charge. The power affords pre-filled knowledge from Type 16 and the Earnings Tax Division web site.
Particular person taxpayers who’ve revenue beneath ₹50 lakh from wage, one home property or different sources can fill ITR-1. Hindu Undivided Household (HUF) can’t fill ITR-1.
Those that are eligible for ITR-1 however have revenue of ₹5 lakh and above should pay ₹399 to file ITR by way of Clear. These eligible for ITR-4 additionally must go for this plan.
People or HUF with revenue beneath ₹50 lakh from wage, one home property, different sources or enterprise however have opted for presumptive revenue scheme must fill ITR-4. A enterprise agency, which isn’t a Restricted Legal responsibility Companion (LLP), with turnover of over ₹2 crore can’t fill ITR-4.
These eligible for ITR-2 and ITR-3 must pay a charge of ₹799.
ITR-2 applies to taxpayers with revenue over ₹50 lakh from wage, a number of home properties, different sources, overseas property, curiosity from contribution over ₹2.5 lakh made to provident fund and capital positive factors. Taxpayers who maintain unlisted shares or/and are a director in an organization additionally must go for ITR-2.
The comparatively sophisticated ITR-3 is for taxpayers who’ve revenue from career or enterprise, together with F&O buying and selling revenue, together with any supply talked about underneath ITR-2.
Firms choosing ITR-5 or ITR-6 must pay the very best charge of ₹1,599.
The final day to file ITR for particular person taxpayers not required to get tax audit is 31 July.
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Supply: Live Mint