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Experienced tax professionals helping individuals and businesses file accurate, compliant, and optimized Income Tax Returns.
Filed my ITR-3 for business income smoothly. ChennaiAccounts guided me on the correct form, deductions, and ensured error-free submission. Got my refund fast.
Excellent ITR filing service. They helped me choose between old and new tax regime and maximized my deductions under 80C and 80D. Very professional team.
As a freelancer with multiple income sources, ITR filing was complex. ChennaiAccounts handled it perfectly. Filed on time, no penalties, full refund received.
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Filed my ITR-3 for business income smoothly. ChennaiAccounts guided me on the correct form, deductions, and ensured error-free submission. Got my refund fast.
Excellent ITR filing service. They helped me choose between old and new tax regime and maximized my deductions under 80C and 80D. Very professional team.
As a freelancer with multiple income sources, ITR filing was complex. ChennaiAccounts handled it perfectly. Filed on time, no penalties, full refund received.
ChennaiAccounts filed my company's ITR-6 accurately and on time. Their team understood our business financials and ensured full compliance. Highly recommended.
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First time filing ITR and the team made it so easy. They explained Form 16, 26AS, and AIS clearly. Filed ITR-1 in less than a day. Excellent experience.
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Filed ITR-2 with capital gains from mutual funds and shares. The team handled everything accurately. Received refund within 3 weeks of filing. Outstanding service.
My LLP's ITR-5 was filed on time with all partner details. ChennaiAccounts ensured full compliance with the Income Tax Act. Transparent pricing, no surprises.
First time filing ITR and the team made it so easy. They explained Form 16, 26AS, and AIS clearly. Filed ITR-1 in less than a day. Excellent experience.
Needed to file a revised ITR-U for a missed income. ChennaiAccounts handled it seamlessly. No penalty, no notice. Truly expert tax professionals.
Filing an Income Tax Return (ITR) is mandatory for individuals, businesses, and entities whose income exceeds the prescribed exemption limits under the Income Tax Act. With our Income Tax Return Filing Consultants In Chennai, you can complete your tax filing process easily with proper guidance, accurate documentation, and on-time submission.
Individuals whose total annual income exceeds the basic exemption limit prescribed by the government
Salaried employees, freelancers, consultants, and self-employed professionals earning taxable income
Individuals earning income from multiple sources such as salary, rent, capital gains, interest, or investments
Taxpayers who wish to claim refunds for excess TDS deducted or advance tax paid
Individuals having foreign assets, foreign income, or signing authority in foreign accounts
Residents seeking visa applications, financial approvals, or loan processing where ITR documents are required as proof of income
💡 Note: Even if your income is below the taxable limit, filing an ITR can improve financial credibility and support future loan, visa, and documentation needs with guidance from experienced Income Tax Filing Agents In Chennai.
Selecting the right ITR form helps avoid notices, filing mistakes, and refund delays, and our team makes Income Tax Filing In Chennai simple and hassle-free.
For resident individuals with simple income sources — salary, pension, income from one house property, and other sources like bank interest. Commonly used by salaried employees within prescribed limits without capital gains or business income.
For individuals and HUFs who do not earn income from business or profession but have capital gains, multiple house properties, foreign assets, foreign income, or investments. Generally used by investors and property owners.
For individuals and HUFs earning income from business or professional activities. Suitable for freelancers, consultants, doctors, lawyers, traders, and business owners who maintain books of accounts or are liable for tax audit.
For individuals, HUFs, and partnership firms opting for the presumptive taxation scheme under Sections 44AD, 44ADA, and 44AE. Simplifies tax filing for small businesses and professionals without detailed books of accounts.
For partnership firms, Limited Liability Partnerships (LLPs), Associations of Persons (AOPs), Bodies of Individuals (BOIs), co-operative societies, and other non-individual entities for business and organizational income tax returns.
Filed by companies registered under the Companies Act, except companies claiming exemption under Section 11 for charitable or religious purposes. Includes detailed reporting of company income, expenses, tax liability, and compliance disclosures.
For trusts, NGOs, charitable institutions, political parties, educational institutions, and religious organizations claiming exemption under specific sections of the Income Tax Act. Used to report exempt income, donations received, and utilization of funds.
Allows taxpayers to correct mistakes or update previously filed Income Tax Returns within the prescribed time limit. Helps taxpayers voluntarily disclose missed income or rectify filing errors to remain compliant with tax regulations.
The documents required for Income Tax Return (ITR) filing may vary depending on the type of taxpayer, income sources, and applicable ITR form. Keeping all necessary documents ready ensures accurate filing, faster processing, and smooth refund claims.
Salary, one house property, and other sources
Freelancers, business owners, and presumptive scheme taxpayers
Firms, LLPs, Companies, Trusts, and NGOs
The Government of India has continued both the Old Tax Regime and the New Tax Regime for Financial Year 2026–27. The New Tax Regime remains the default option, offering lower tax rates with limited deductions, while the Old Tax Regime allows various deductions such as Section 80C, 80D, HRA, and home loan benefits.
| Annual Income | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Annual Income | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Annual Income | Tax Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Annual Income | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Section | Deduction / Exemption | Eligible Investments / Expenses | Maximum Limit | Old Regime | New Regime |
|---|---|---|---|---|---|
| 80C | Tax Saving Investments | PPF, EPF, ELSS, LIC, Tuition Fees, NSC, Home Loan Principal, Sukanya Samriddhi Yojana | ₹1,50,000 | Allowed | Not Allowed |
| 80CCD(1B) | Additional NPS Contribution | National Pension System (NPS) | ₹50,000 | Allowed | Limited Benefit* |
| 80D | Health Insurance Premium | Medical insurance for self, family & parents | ₹25,000 / ₹50,000 (Senior Citizens) | Allowed | Not Allowed |
| 80E | Education Loan Interest | Interest paid on higher education loan | No Limit | Allowed | Not Allowed |
| 80G | Donations | Donations to approved charitable institutions | Based on eligibility | Allowed | Not Allowed |
| 80TTA | Savings Account Interest | Interest from savings bank account | ₹10,000 | Allowed | Not Allowed |
| 80TTB | Interest for Senior Citizens | FD/Savings interest for senior citizens | ₹50,000 | Allowed | Not Allowed |
| Section 24(b) | Home Loan Interest | Interest on self-occupied house property | ₹2,00,000 | Allowed | Restricted |
| 80EE / 80EEA | Additional Home Loan Benefit | First-time home buyers | Subject to conditions | Allowed | Not Allowed |
| 80GG | House Rent Paid | Rent paid where HRA is not received | Prescribed Limit | Allowed | Not Allowed |
| HRA Exemption | House Rent Allowance | Salaried employees receiving HRA | As per calculation | Allowed | Not Allowed |
| LTA Exemption | Leave Travel Allowance | Domestic travel expenses | As per conditions | Allowed | Not Allowed |
| Standard Deduction | Salaried & Pensioners | Flat deduction from salary income | ₹50,000 / ₹75,000 | ₹50,000 | ₹75,000 |
| Family Pension Deduction | Pension Income Deduction | Family pension received | ₹15,000 / 1/3rd of pension | Allowed | Allowed |
| Professional Tax | Tax Paid to State Government | Professional tax deduction | Actual Amount | Allowed | Not Allowed |
| Agniveer Corpus Fund (80CCH) | Contribution to Agniveer Fund | Agnipath Scheme contribution | Full Contribution | Allowed | Allowed |
Filing your Income Tax Return (ITR) within the prescribed due date is important to avoid penalties, interest charges, and legal complications under the Income Tax Act.
| Category of Taxpayer | Due Date |
|---|---|
| Individuals, Salaried Employees & Non-Audit Cases | 31st July of the Assessment Year |
| Businesses Requiring Tax Audit | 31st October of the Assessment Year |
| Taxpayers Covered under Transfer Pricing | 30th November of the Assessment Year |
| Revised / Belated Return Filing | 31st December of the Assessment Year |
| Updated Return (ITR-U) | Within 48 months from the end of the relevant Assessment Year |
| Type of Penalty | Penalty Details |
|---|---|
| Late Filing Fee under Section 234F | Up to ₹5,000 depending on delay and income level |
| Interest under Section 234A | Interest charged on unpaid tax amount |
| Loss Carry Forward Restriction | Certain business and capital losses cannot be carried forward |
| Delay in Refund Processing | Tax refunds may be delayed |
| Notices from Income Tax Department | Non-filing may trigger scrutiny or notices |
| Higher TDS Rates | Non-filers may face higher TDS deductions in certain cases |
Consequences of Non-Filing of ITR:
Income Tax Return (ITR) Filing is the process of submitting details of your income, taxes paid, deductions, and financial transactions to the Government of India through the Income Tax Department. Every eligible individual, business, or organization must file an Income Tax Return annually based on their income and applicable tax laws.
An ITR is filed online through the official income tax portal and serves as a declaration of your total earnings and tax liability for a particular financial year.
At our platform, we simplify the entire Income Tax Return filing process with expert guidance, accurate tax computation, and hassle-free documentation support. From selecting the correct ITR form to maximizing eligible deductions and ensuring error-free filing, our professionals help you stay compliant with the latest income tax regulations.
Salary, wages, bonuses, pensions, gratuity, allowances, commissions, and other benefits received from an employer. Salaried individuals generally receive Form 16 from their employer.
Income earned from renting out residential, commercial, or industrial property. Includes deemed rental income from vacant properties with deductions for municipal taxes and home loan interest.
Profits from business activities, freelancing, consultancy, professional services, trading, or self-employment. Business owners and professionals must maintain proper financial records.
Profit from sale of capital assets such as shares, mutual funds, property, gold, or investments. Classified as Short-Term Capital Gains (STCG) or Long-Term Capital Gains (LTCG).
Interest from savings accounts, fixed deposits, dividends, lottery winnings, gifts received, family pension, and other miscellaneous earnings not covered under other heads.
Filing an Income Tax Return (ITR) is more than just a legal responsibility — experienced Income Tax Filing Agents in Chennai help individuals, professionals, and businesses enjoy smooth compliance and better financial management.
Most banks ask for ITR documents while applying for home loans, business loans, or personal loans. Regular filing helps build financial trust and improves approval chances. At ChennaiAccounts, our Income Tax Filing Agents In Chennai help clients file returns accurately and avoid common mistakes.
If extra tax has been deducted from your salary or payments, filing your ITR helps you claim the refund from the Income Tax Department. Our Income Tax Return Filing Consultants In Chennai make the refund process simple and hassle-free.
ITR copies are commonly requested during visa applications as proof of income and financial stability. At ChennaiAccounts, we help maintain proper filing records that support visa and immigration requirements.
Business and capital losses can be carried forward to future years only when returns are filed within the due date, helping reduce future tax liability.
Filing returns on time helps avoid late fees, interest charges, and unnecessary notices from the Income Tax Department. Our Income Tax Filing Consultants In Chennai help businesses and individuals stay compliant with timely filing support.
For freelancers, self-employed professionals, and business owners, ITR documents act as valid proof of income for contracts, insurance, and financial transactions.
Regular return filing helps keep your income, deductions, investments, and tax payments properly organized year after year.
Timely filing helps you stay compliant with tax regulations and avoid unnecessary legal complications. ChennaiAccounts, trusted IT Return Filing Consultants Chennai, helps make the entire filing process smooth and stress-free.
ChennaiAccounts, one of the trusted Income Tax Filing Consultants In Chennai, helps you handle tax filing smoothly without the usual confusion and last-minute stress.
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