INCOME TAX

Salaried & House rent: -

A resident individual is required to file their income tax return if their gross salary is more than Rs 2,50,000/- for the period April to March before claiming any deduction in India. Calculating tax on salary has become more complex after 2020, as individuals now have the option to choose between tax rates with or without deductions.

We at Brainetics make sure that you have a dedicated Tax Manager. To get started, all you need to do is provide your Form 16 and bank statements to us.

If you have any queries about taxes, our professional Tax Manager will be happy to assist you.

Business or Profession: -

The tax compliance process for businesses and professionals can be complex, with many changes to the income tax rules each year. This can make it difficult for businesses to correctly file their tax returns and claim all the deductions and expenses they are entitled to.

At Brainetics, we make sure you are assigned a dedicated Tax Manager. You just need to provide the required data. If you have any tax-related questions, our dedicated professional Tax Manager will be happy to help you.

Capital gains: -

If you make a profit from selling property, shares, or any other asset, it is considered a capital gain. This can be either a short-term gain(if you held the asset for less than a year), or a long-term gain(if you held it for more than a year). Sale of any assets, movable or immovable, you are liable to pay capital gains on it. For example, if you sell your shares holding or house property, you need to calculate the profit on sale, apply indexation, and calculate actual taxable gains. There are various ways you can save on income tax when it comes to capital gains that are considered long-term.

At Brainetics, we assign a dedicated Tax Manager to you. You just need to provide required documents.

If you have any questions about taxes, our dedicated Tax Manager will be there to help you.

Other Income: -

If you have any income which apart from Salary, House rent, Business or Profession or any capital gain your income will be accounted under other income. For Example, if you have received any Gift from friends or relatives then it is treated as your other income.

At Brainetics, we assign a dedicated Tax expert to you. You just need to provide the details of other income to us.

If you have any questions about taxes, our dedicated Tax Manager will be there to help you.