Annual Subscription Package - Rs 4000 onwards + GST. Based on the income range
- Complete Tax Advisory - CTC Optimizer
- Tax Assessment Protect* - Reply to all tax assessments, notices & rectification
- Tax Returns Complete Solutions - Preparation and eFiling by a professional
- Team of Chartered Accountants with a click away
- Lower Tax Outgo and Higher In hand Income
- Tax Refund Tracking
What is Annual Subscription Package ?
Everyone of us are earning quite well, so we pay heavy taxes on our income too. There are lots of way to save tax. Our income should be well tax efficient, that is it should be structured to the best possible way taking the benefits of tax exemptions, deductions, allowances and tax saving schemes. Since the starting of the new financial year we all mostly have a income revision, so our tds rise with that. If we are able to structure our salary efficiently since the starting we can have our Tax Deducted At Source at its minimum and In take home payouts at its maximum, we can have much more income in our hands at our dispose.
What all it includes:-
- Salary Structuring/ Tax Advisory
- Total Tax Assessment Protect
- Tax Returns preparation and filing
- SMS alerts and reminders related to your tax and investments dues
- Dedicated Relationship manager for all your tax needs
- 10 number of queries related to your tax and investments
- Advisory and reply to all tax assessment and notices including rectification
- Tax Refund Tracking
- 26 AS Tax Credit Statement
Salary Structuring/ Restructuring
Maximize your in take-home pay and minimize your tax payable
We will help you to structure your tax efficient salary package:-
Salary Structuring is somewhat a balancing act. You need to strike a balance between your short-term financial needs and long-term goals. At any stage in life, your salary should enable you to meet your recurring expenses. While structuring a salary package, with this big picture in mind, the incidence of income tax plays a major role. A hefty or big gross salary that gets pruned at the net paying as tax what you could have saved and deployed towards creating wealth for yourselves.
In order to plan or make a tax-efficient salary package, you should be able to take best use of the provisions of tax laws governing salaries, the exemptions available for various types of reimbursements and allowances, and the rules pertaining to valuation of various types of perquisites. Let's go through some of these provisions and rules.
Tax Advisory - Reviewing of your salary structure is necessary
Most employers, these days, compute salary packages on "cost to the company" basis, rather than on "net to the employee" basis. In order to tailor salary packages to meet the tax needs of each employee, they are often willing to offer different types of perquisites within the overall cost. This will increase your basic part of your salary and falls in the maximum tax slab rate.
Which is why, while negotiating your salary package with your employer, you should try to maximize your take-home pay” and minimise your tax outgo. But such a balancing exercise has to take into account the interests of the employer too.
However, you still have to gauge whether the benefits being offered hold value for you. For instance, if you live in your own house, you might not want rent-free accommodation or house rent allowance. Ultimately, the specifics of each case would determine how a package is structured.
If your employer already has structured your salary package, still there are quite likely chances that still you can best use of provisions of income tax and save huge percentage of tax.
We will review your salary package and guide you to how to take best use of the provisions of income tax act.
Return preparation and filing
Don't evade but save tax
Once the financial year is end, after 31st march every year you are facing a concept of preparation of your income records and file them with Tax authorities. Our manager helps you in round the year financial planning and after the year ends with just a click of button you need to generate your tax computation and saral form and you just need to sign it. The last formality is to file your returns with the relevant tax authorities.
Total Assessment Protect
We prepare and efile your tax returns on the basis of the documents provided and 26AS a tax credit statement where tax deducted at source or other tax effect are shown. If the tax return matches 26AS then tax return is processed and assessed properly. If there is a mismatch in the tax return efiled with 26 AS it leads to raise in tax demands or improper tax return filed notice which is a very cumbersome and painful process. It can lead to rectification of return. Our Tax Assessment Protect ensures that incase of any demand or notice raised by DIT we will provide complete guidance and correct reply to Department of Income Tax from your side.
- Permanent Account Number
- Tax Deducted At Source
- Tax Refunds
- Tax appellate and Scrutiny
- Other Tax relevant Matters
*Pls note:- this is restricted to one PAN holder and FY 2021-22. Any notices to previous years or rectification is not included in this package. No physical representation will be made as AR in Department of Income Tax. If required then necessary consulting fee will be applicable.