1 / 12

personal taxes

Paying tax on your income and investments (like your salary, profits, rent, or stocks) is part of adulting u2014 and it funds vital public services. But it doesnu2019t have to be confusing. We break it down so itu2019s clear, personalized, and stress-free. Whether you're investing, planning, or prepping for tax season, weu2019ve got you covered. Take control, stay compliant, and make smarter money moves with confidence.

mercurius1
Download Presentation

personal taxes

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Personal tax Personal tax isn’t just about numbers. It’s about clarity, control, and financial confidence.

  2. Index • What is Personal tax? • Key Deadlines • Old and new tax regimes • Advance tax • Head of income • Tax planning • Personal tax litigation • About Mercurius • How Mercurius Can Help You

  3. What is Personal tax? Personal tax is what you pay on income you earn and returns from investments (like salary, business profits, rent, or stock gains). It helps fund public services and is based on what you earn. Understanding tax gives you more control over your money and keeps you legally compliant. Taxes don’t have to be overwhelming — we make it clear, simple, and personalized for you. Whether you're planning, investing, or prepping for tax season, we’ve got your back. With the right support, tax time becomes a chance to make smart financial moves.

  4. Key Deadlines for Personal Tax Filing • Tax Return Deadline: July 31 for income earned between April 1 and March 31. • Taxpayers covered under tax audit (other than transfer pricing cases): 31st October 2024 • Taxpayers covered under transfer pricing: 30th November 2024 • Due date for revised return/belated return of income: 31st December 2024 • Missing this deadlines can lead to late fees, interest, and stress.

  5. Old and New Tax Regime New Tax Regime Old Tax Regime INCOME SLAB TAX RATE INCOME SLAB TAX RATE

  6. Advance Tax • Advance tax means paying your taxes in parts during the year instead of all at once. It makes things easier and helps you stay on track. • Applicability Advance tax applies to anyone—individuals, HUFs, salaried, self-employed, or businesses—whose tax due after TDS is over ₹10,000 in a year. • DueDates Advance tax is paid in four installments from April to March, with set due dates—missing them can lead to interest and penalties. • Calculation Professional tax help ensures accurate income estimation and timely advance tax payments as per the scheduled installments. • Instalments Advance tax is paid in four parts—15% by June 15, 45% by Sept 15, 75% by Dec 15, and 100% by Mar 15, adjusting previous payments. • PaymentModes Advance tax can be paid online via net banking, debit cards, or at banks—with expert help available for smooth payments. • Penalties Missing or underpaying advance tax can lead to interest under Sections 234B and 234C of the Income Tax Act.

  7. Head of Income • The Income Tax Act, 1961, classifies income under five heads:Income from SalaryIncome from House PropertyIncome from Profits and Gains of Business or ProfessionIncome from Capital GainsIncome from Other SourcesTaxpayers must identify the correct category for their earnings to ensure compliance with tax laws and maximize available tax benefits. Proper documentation, timely filing of returns, and awareness of exemptions help optimize tax liability. 

  8. Tax Planning Tax Planning involves strategic management of finances to minimize tax liability legally, using available exemptions, deductions, rebates, and benefits under the Income-tax Act, 1961. Why is Tax Planning Important? Legally minimizes taxes Do you want to save effectively and avoid stress? So you can concentrate on what you do best - let us plan your taxes. Expert advice. Maximum benefits. Zero hassle. Legal minimizes taxes Improves savings and cash flow Minimizes audit risks and penalties Improves financial decision-making Ensures compliance

  9. Tax Disputes & Litigation Dealing with tax disputes can be challenging, especially when it involves complex laws and detailed assessments. As experienced income tax consultants based in India, we specialize in helping individuals and businesses handle audits, assessments, and appeals with confidence. Our team keeps you informed about potential tax risks and areas where disagreements commonly arise —interpreting specific tax provisions, dealing with transfer pricing issues, or navigating international tax matters. With expert guidance, you’ll be better prepared to respond to disputes proactively, minimize liabilities, and safeguard your financial interests every step of the way.

  10. About Mercurius Mercurius is a broad-based professional services firm with clientele in 60+ countries. It assists foreign companies with the easy set-up and functioning of their businesses in India. With a thorough knowledge of Indian regulatory structures as well as international expectations, we specialize in: Company incorporation and structuring Regulatory and tax compliance Nominee directors and local representation solutions Ongoing advisory and post-incorporation support We are trusted for our reliability, confidentiality and dedication to simplifying entry into India.

  11. How Can Mercurius Help You? 01 Tailored Approach 02 Unmatched Client Support 03 CostEffectiveness 04 15+ yrs Cross Border Experience

  12. Thank You Mercuriusteam.com info@mercuriusteam.com +91 96677 79615

More Related