Answers to Frequent Tax Questions


Pre tax filing
Post tax filing
Filing with
H&R Block
Basics of tax filing
Saving taxes

Advance tax means income tax paid in advance in small chunks instead of lump sum at the end of the year.

  • Salaried taxpayers, freelancers and businesses need to pay Advance tax if their tax liability exceeds Rs 10,000 in a year. Senior citizens who do not run a business are exempt from paying Advance tax.
  • Salaried taxpayers, freelancers and businesses need to pay Advance tax if their tax liability exceeds Rs 10,000 in a year. Senior citizens who do not run a business are exempt from paying Advance tax.
  • Starting FY 2016-17, taxpayers who opt for presumptive scheme have to pay the whole amount of their advance tax in one instalment on or before 15th March. If they miss the due date, they can still pay all of their tax dues by 31st March. Starting FY 2016-17, businesses with a turnover of Rs 2 crores or less can opt for this scheme.
  • Starting FY 2016-17, this scheme has been extended to professionals such as doctors, lawyers, architects etc. if their gross receipts are not more than Rs 50 lakhs. Such taxpayers have to pay advance tax as per quarterly due dates scheduled by the government.

Return of income can be filed either at the local office of H&R Block or can be electronically filed at https://www.hrblock.in. We provide self e-filing service where you may file your return of income yourself. Alternatively, you can also file your tax return using our assisted online tax e-filing service, where qualified and trained tax experts will prepare and e-file your returns

Earlier one was allowed to file the return for any give assessment year till the end of one financial year from the end of the respective assessment year.
After the recent changes one can file the return for any given assessment year only till the end of that assessment year. The return will not be allowed to be filed after the assessment year is over.
Ex. For A.Y. 2018-19 (i.e. F.Y. 2017-18) return can be filed maximum by the end of the assessment year 2018-19. The assessment year 2018-19 will end on 31st March 2019, it means that the return for A.Y. 2018-19 can be filed max by 31st March 2019.

ITR-V needs to be sent to Bengaluru Centralised Processing Centre within 120 days of filing the return online. It is a document through which the tax department verifies that your filing is complete. The tax department has now introduced Electronic Verification Code whereby you may electronically verify your tax returns using any one of the 4 methods given by government.

You can go to the I-T department’s website at https://incometaxindiaefiling.gov.in website, login and provide basic details like PAN and assessment year to which refund relates in order to check status of refund.

Yes, provided the original return has been filed before the due date and the Department has not completed the assessment. It is expected that the mistake in the original return is of a genuine and bona fide nature and not rectification of any deliberate mistake. You can also revise a belated return.

Return can be revised any time before the end of relevant assessment year or before completion of the assessment whichever is earlier. e.g., In case of income earned during FY 2017-18, the due date of filing the return of income (considering no audit) is 31st July, 2018.

Once your tax expert has e-filed your Income tax return, the acknowledgement form ITR-V will be ready for download from your account on e-filing portal. We will be keeping the document available in your account, whenever and wherever you need it. Alternatively, you may also now electronically verify your return using the EVC or EVC Electronic Verification Code.

If you cannot e-verify your return please send one print out of ITR-V signed by you, directly to the Income Tax Department within 120 days of e-filing at the below mentioned address through ordinary or speed post:

Centralized Processing Center (CPC),
Income Tax Department
Post Box No.1,
Electronic City Post Office,
Bengaluru – 560100, Karnataka

We have tax support staff available to help you with the filing process through email, once you register and login to our “Online income tax e-Filing” application.

Yes you can read our blog for articles on different income tax topics. We also have a Guides section where we have included information on important tax filing and tax savings topics to ease the tax filing process for you.

Your username is always your registered e-mail id. If you have forgotten your password then please click here and follow the instructions. On this link you need to enter your secret question and we will send you the link to generate a new password.

We have offices in, Bangalore, Gurgaon, Hyderabad, Mumbai and Pune. To reach any of our offices please click here.

Yes. You can file your taxes with us by providing us Form 16 from all the employers. Our intelligent application will calculate the taxes for you. In case you want assistance of an expert you may also use our Assisted service where a tax expert helps you file taxes online.

You can e-file using our “Online Tax E-filing” application which is an intuitive, secure, simple online platform through which taxes are filed. Just submit your basic details, upload your Form 16 and our application will pre-populate the return for you. Check the return and file it yourself.

You can alternatively do this by logging in to the https://incometaxindiaefiling.gov.inTo get experts prepare and e-file your returns just register with our Assisted Online Tax e-filing and we will assign you a tax expert. This expert will prepare your tax return and file it for you.

You may pay these online through a payment gateway for payment of taxes on the Income Tax website of the government https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp
1. Select challan 280 to pay taxes which is an option to pay income tax or corporation tax.
2. Select the assessment year for which you are paying taxes and fill in all details like PAN, Address, phone number, email address etc. Here you need to select the option Self-Assessment Tax if you are paying tax due for the FY that has just ended.
3. Here you will be re-directed to the net banking page where you need to pay tax. There are spaces for surcharge, interest and education cess that need to be kept blank.
4. On payment of tax you should receive your challan 280 that contains details of tax paid by you.
Generally for salaried individuals taxes are deducted at source and hence no taxes are due on the return filing date. However, you may be liable to pay taxes when you have income from sources other than salary e.g. from house property income, income from capital gains, sale of shares, income from other sources etc. In this case you may still have to pay taxes on the income earned from these transactions.
These taxes may be paid at the time of filing your return of income i.e. on or before 31st July.

You do not need to pay inheritance tax in India. You need to pay taxes only when you sell the property in India as capital gains tax.

The government offers an array of schemes in which you may invest your money and the amount invested is deductible from your taxable income as well as offer you a very good return on money invested.

The various tax saving schemes that save you money and are allowed as a deduction under section 80C are

1. Provident fund
2. Voluntary provident fund
3. Life insurance premium
4. Equity linked saving scheme
5. National savings certificate
6. Mutual fund/ SIP
7. Unit linked insurance plans (ULIP)
8. Fixed deposit/ Post office time deposit schemes

These are the most popular schemes of tax savings. Apart from this there are certain schemes under different sections like 80D for investment in medical insurance premium, 80CCC for investment in certain specified pension funds, 80CCD for investment in central government pension schemes by government employees. Apart from the above if you invest in the National Pension scheme (NPS) then you are eligible for a deduction from your total income.

While claiming these deductions one must remember that the total deduction available under sections 80C, 80 CCC, 80 CCD and the NPS is Rs. 1,50,000 in total.