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Navigating-Personal-Income-Tax

Your Expert Tax and Regulatory Advisor in India<br>We help foreign businesses, NRIs, and expatriates navigate Indian tax and regulatory with clarity, accuracy, and strategic foresight. Whether youu2019re entering the Indian market or scaling operations, our tax advisory services are tailored to ensure compliance, minimize liabilities, and support sustainable growth.<br>https://mercuriusteam.com/taxation-services/

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Navigating-Personal-Income-Tax

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  1. Navigating Personal Income Tax Simplifying Your Tax Journey for Financial Peace of Mind https://mercuriusteam.com/taxation-services/

  2. THE MERCURIUS ADVANTAGE Your Partner in Tax Clarity At Mercurius, we transform tax complexities into straightforward solutions. Our experts offer personalized guidance, ensuring you meet obligations and optimize your financial health. Personalized Guidance Stress-Free Compliance Informed Decisions Tailored advice for your unique financial situation. We handle the details, so you don't have to. Empowering you with knowledge for financial optimization.

  3. YOUR TAX JOURNEY STARTS HERE Understanding Personal Tax Personal tax is applied to your income from various sources. Understanding these categories is key to navigating your tax obligations effectively: Salary from Employment Business Profits Income earned through your job or profession. Earnings from your entrepreneurial ventures, or self-employment. Rental Income Investment Gains Money received from leasing out properties you own. Profits generated from selling assets like stocks or bonds. This contribution supports public services and ensures your financial contribution aligns with your earnings.

  4. KEY DEADLINES Tax Return Filing 1 2 Filing Deadline: Stay Compliant, Avoid Penalties Individuals earning income from April 1 to March 31,  must be filed by July 31 of the following year. Timely filing is crucial to avoid penalties and interest charges. Mercurius provides: • Comprehensive tax deadline calendars • Timely reminders and notifications • Guidance for seamless compliance

  5. CHOOSING YOUR PATH Old vs. New Tax Regimes Old Tax Regime New Tax Regime Income Slab Tax Rate Income Slab Tax Rate Up to Rs. 2,50,000 Nil Up to Rs. 3,00,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5% Rs. 3,00,001 to Rs. 7,00,000 5% Rs. 5,00,001 to Rs. 10,00,000 20% Rs. 7,00,001 to Rs. 10,00,000 10% Above Rs. 10,00,000 30% Rs. 10,00,001 to Rs. 12,00,000 15% Rs. 12,00,001 to Rs. 15,00,000 20% Allows various deductions and exemptions, potentially reducing taxable income. Above Rs. 15,00,000 30% Offers lower tax rates but limits deductions and exemptions. Our experts guide you through tax slab rates and optimization strategies.

  6. PAY-AS-YOU-EARN Advance Tax Explained Advance tax is a system where you pay your tax liability in installments throughout the year, rather than a single lump sum. 1 2 Applicability Due Dates If your tax liability (after TDS) exceeds Rs. 10,000 in a financial year. Payments are due on specific dates, spread across the year. 3 4 Calculation Payment Modes Mercurius helps estimate your income and calculate liability. Online via debit cards, internet banking, or designated banks. Failure to pay or underestimation can result in interest charges and penalties.

  7. ADVANCE TAX INSTALLMENTS Key Payment Deadlines On or before June 15 15% of total liability. On or before September 15 45% of total liability (less 1st installment). On or before December 15 75% of total liability (less 1st & 2nd installments). On or before March 15 100% of total liability (less previous installments). Mercurius ensures you stay on track with these critical payment dates.

  8. CATEGORIZING YOUR INCOME Heads of Income Income is classified into different categories, each with specific tax rules. Income from Salary Earnings from employment (salary, wages, bonuses). Income from House Property Income from renting out residential or commercial properties. Business/Profession Profits from self-employment, business, or professional activities. Capital Gains Profits/losses from selling assets (stocks, real estate, bonds). Other Sources Dividends, interest, gifts, lottery winnings, etc. Mercurius helps you categorize and report your income accurately based on your unique sources.

  9. OPTIMIZING YOUR TAXES Exemptions & Deductions Strategic tax planning is crucial to minimize your tax burden and maximize savings. 1 2 Identify Eligible Exemptions Maximize Deductions Discover what applies to your income. Claim expenses and allowances you qualify for. 3 4 Explore Tax-Saving Instruments Align with Financial Goals Invest wisely for future benefits. Personalized strategies for your objectives. Our tax advisory services help you legally optimize your tax liability.

  10. YOUR TAX SOLUTION PARTNER Why Choose Mercurius? https://mercuriusteam.com/ Dispute Resolution Expert handling of complex tax disputes and litigations. Audit Navigation Proactive guidance through tax audits, assessments, and appeals. Financial Protection Equipping you to address disputes and protect your interests. Expert guidance through complex tax laws, ensuring peace of mind.

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