GST Return Filing
GST return is a document that contains the details of the income of the taxpayer. This document needs to be filed with the tax authorities. All registered business have to file monthly, quarterly and/or annual GST Returns based on the type of business. We help you to file your GST Returns smoothly and in timely manner so that you avoid penalties for late filing. Our team of professionals assist you in filing of your returns, Under GST, a registered dealer has to file GST returns that include:
- Purchases
- Sales
- Output GST (On sales)
- Input tax credit (GST paid on purchases)
TDS/TCS Returns (Quarterly)
The Government of India generates revenue for our country through taxes. These taxes are collected as a percentage of the income earned by the people of the country. TDS and TCS are the forms of such taxes where both – TCS and TDS return filing are to be done by the individuals.
TDS refers to “Tax Deducted at Source” while TCS refers to “Tax Collected at Source”. As the name suggests, “At source” means at the “Origin of the income”. We help you to file yourTDS/ TCS Returns smoothly and in timely manner so that you avoid penalties for late filing. Our team of professionals assist you in filing of your returns.
ESIC Returns (Monthly)
Employee State Insurance (ESI) is a social security scheme and a health supportive insurance plan for Indian employees in the organised sector, which offers them lifetime medical and disablement benefits on contribution of a small amount while they are working, being contributed by both employer and employee. It is managed by Employee State Insurance Corporation (ESIC) working under Ministry of Labour and Employment, Govt of India and is governed under the ESI ACT, 1948. ESI return is mandatory to fill biannually, failure of which leads to Govt. penalties. According to ESIC Act, any employee earning less than Rs. 15,000 per month must contribute 1.75% of his/her wage towards the ESI, while 4.75% contribution will be from employer end. The ESI scheme provides great benefits to the employees and has a large network of dispensaries, and hospitals throughout the country for providing fast and efficient medical care.
Provident Fund Returns (Monthly)
An Employee Provident Fund is a retirement benefit scheme that is meant for all salaried employees. The Employees Provident Fund Organization of India (EFPO) maintains and oversees the EPF. All companies that have more than 20 employees are mandated by law to register with the EFPO. The EPF works as a savings scheme for employees where a fraction of their salary every month is saved. This fund can be availed when you retire or when you are unable to work. All employers having All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 25th of each month. are responsible to file returns on a monthly basis. The filing of returns must be completed by the 25th of each month.
Profession Tax Returns (Yearly)
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection. In India, profession tax is imposed every month. the maximum amount that can be levied as Professional tax is Rs.2,500 per annum.
Income Tax Returns (Yearly)
As per the income tax laws, the return must be filed every year by an individual or business that earns any income during a financial year. The income could be in the form of a salary, business profits, income from house property or earned through dividends, capital gains, interests or other sources. it is compulsory to file your income tax returns if your income is more than the basic exemption limit. The income tax rate is pre-decided for taxpayers. A delay in filing returns will not only attract late filing fees but also hamper your chances of getting a loan or a visa for travel purposes. In case the return shows that excess tax has been paid during a year, then the individual will be eligible to receive a tax refund from the Income Tax Department.