How do I know if I need to file an ITR for FY 2025-26?

If your gross total income before deductions exceeds the basic exemption limit (₹2.5 lakh for individuals below 60, ₹3 lakh for senior citizens, ₹5 lakh under the new regime), you are required to file. Filing is also required if you want to claim a refund, carry forward losses, or hold foreign assets. Our team assesses your case during a 15-minute consultation.

What is the difference between revised, belated, and updated return?

A revised return corrects mistakes in an already-filed original return and must be filed by 31 December of the assessment year. A belated return is filed after the due date but before 31 December, attracting a fee under Section 234F. An updated return is filed within 24 months from the end of the assessment year for under-reported income, with additional tax.

Can I switch between old and new tax regime every year?

Yes. From AY 2024-25 onwards, individuals and HUFs without business income can switch between the old and new regimes every year while filing ITR. For those with business income, the switch is allowed only once and is irreversible for that block. We help you pick the right regime using our calculator and year-on-year projection.

What happens if I miss the ITR filing deadline ?

Missing the deadline attracts a Section 234F late fee of up to ₹5,000 (capped at ₹1,000 for incomes up to ₹5 lakh) for a belated return filed before 31 December. After 31 December, the only option is an updated return under Section 139(8A) with additional tax. We can file a belated or updated return for you and minimise the fee.

Do I need to file ITR if my only income is salary below ₹5 lakh?

Filing is technically optional when your total income is below the basic exemption and TDS has been fully deducted by your employer. However, filing is recommended if you want to claim a refund of excess TDS, carry forward losses, or keep your ITR record up-to-date for visa and loan applications. We can file a nil-fee return for you.

How do you handle TDS on salary mismatches ?

We reconcile your Form 16 (TDS certificate from employer) with Form 26AS / AIS (tax department's record). Any mismatch — wrong PAN, wrong section, missed income — is raised with your employer's payroll team for correction and a revised Form 16. We then refile the ITR with the corrected data so refunds are not held up.

What is the time limit for claiming an income tax refund?

You can claim a refund by filing ITR within the due date or the belated return window. The Income Tax Department processes refunds within 20-45 days for e-verified returns. If a refund is delayed beyond 60 days, we file a refund reissue request and escalate to the CPC. Refunds must be claimed before 31 December of the assessment year.

How do I know if I need to file an ITR for FY 2025-26?

If your gross total income before deductions exceeds the basic exemption limit (₹2.5 lakh for individuals below 60, ₹3 lakh for senior citizens, ₹5 lakh under the new regime), you are required to file. Filing is also required if you want to claim a refund, carry forward losses, or hold foreign assets. Our team assesses your case during a 15-minute consultation.

What is the difference between revised, belated, and updated return?

A revised return corrects mistakes in an already-filed original return and must be filed by 31 December of the assessment year. A belated return is filed after the due date but before 31 December, attracting a fee under Section 234F. An updated return is filed within 24 months from the end of the assessment year for under-reported income, with additional tax.

Can I switch between old and new tax regime every year?

Yes. From AY 2024-25 onwards, individuals and HUFs without business income can switch between the old and new regimes every year while filing ITR. For those with business income, the switch is allowed only once and is irreversible for that block. We help you pick the right regime using our calculator and year-on-year projection.

What happens if I miss the ITR filing deadline ?

Missing the deadline attracts a Section 234F late fee of up to ₹5,000 (capped at ₹1,000 for incomes up to ₹5 lakh) for a belated return filed before 31 December. After 31 December, the only option is an updated return under Section 139(8A) with additional tax. We can file a belated or updated return for you and minimise the fee.

Do I need to file ITR if my only income is salary below ₹5 lakh?

Filing is technically optional when your total income is below the basic exemption and TDS has been fully deducted by your employer. However, filing is recommended if you want to claim a refund of excess TDS, carry forward losses, or keep your ITR record up-to-date for visa and loan applications. We can file a nil-fee return for you.

How do you handle TDS on salary mismatches ?

We reconcile your Form 16 (TDS certificate from employer) with Form 26AS / AIS (tax department's record). Any mismatch — wrong PAN, wrong section, missed income — is raised with your employer's payroll team for correction and a revised Form 16. We then refile the ITR with the corrected data so refunds are not held up.

What is the time limit for claiming an income tax refund?

You can claim a refund by filing ITR within the due date or the belated return window. The Income Tax Department processes refunds within 20-45 days for e-verified returns. If a refund is delayed beyond 60 days, we file a refund reissue request and escalate to the CPC. Refunds must be claimed before 31 December of the assessment year.

Income Tax

Income Tax Services

File your ITR, reply to notices, plan your taxes — all under one roof.

End-to-end income tax services for individuals, businesses, NRIs and trusts — return filing, notice reply, planning, audit, and TDS compliance handled by qualified Chartered Accountants.

Talk to a CA about Income Tax +91 97033 11757

At a glance

Why Income Tax with ABMCO

Card 1

Both regimes compared

Old vs new regime side-by-side, with year-on-year tax savings projection. We pick the regime that wins — not the one that earns us more.

Card 2

Notices handled in 21 days

Scrutiny, demand, penalty, refund mismatch — every income-tax notice reviewed by a CA partner and replied to within statutory timelines.

Card 3

Refund tracked to your account

We track every refund through CPC, raise reissue requests if delayed, and escalate within 60 days if your money is stuck.

What we cover

All Income Tax services

Browse 19 income tax services — filter by group or search by name.

Advance Tax Computation

Advance tax computation, instalment planning under Sections 207-211, and interest under 234B / 234C for individuals and businesses.

Income Tax Services

Why Income Tax with ABMCO

Both regimes compared

Notices handled in 21 days

Refund tracked to your account

All Income Tax services

Advance Tax Computation

Business Tax Planning

Capital Gains Planning

Income Tax Audit

ITR Filing — Business / Profession

ITR Filing — Capital Gains

ITR Filing — Companies, LLPs, Firms, Trusts

ITR Filing — NRI / Foreign Assets

ITR Filing — Salaried

Old vs New Tax Regime Comparison

Penalty & Faceless Assessment Representation

Personal Tax Planning

Rectification & Refund Applications

Reply to Income Tax Notices

Revised, Belated & Updated Return

TAN / PAN Application & Correction

TDS Return Filing & Refund Follow-up

TDS / TCS Advisory

Transfer Pricing Audit

Engagement process

Share documents

Computation & review

Filing & verification

Refund tracking

Qualified CAs. Transparent fees. Real attention.

Common questions about Income Tax

How do I know if I need to file an ITR for FY 2025-26?

What is the difference between revised, belated, and updated return?

Can I switch between old and new tax regime every year?

What happens if I miss the ITR filing deadline ?

Do I need to file ITR if my only income is salary below ₹5 lakh?

How do you handle TDS on salary mismatches ?

What is the time limit for claiming an income tax refund?

Talk to a CA about Income Tax

15-minute initial consultation

Income Tax Services

Why Income Tax with ABMCO

Both regimes compared

Notices handled in 21 days

Refund tracked to your account

All Income Tax services

Advance Tax Computation

Business Tax Planning

Capital Gains Planning

Income Tax Audit

ITR Filing — Business / Profession

ITR Filing — Capital Gains

ITR Filing — Companies, LLPs, Firms, Trusts

ITR Filing — NRI / Foreign Assets

ITR Filing — Salaried

Old vs New Tax Regime Comparison

Penalty & Faceless Assessment Representation

Personal Tax Planning

Rectification & Refund Applications

Reply to Income Tax Notices

Revised, Belated & Updated Return

TAN / PAN Application & Correction

TDS Return Filing & Refund Follow-up

TDS / TCS Advisory

Transfer Pricing Audit

Engagement process

Share documents

Computation & review

Filing & verification

Refund tracking

Qualified CAs. Transparent fees. Real attention.

Common questions about Income Tax

How do I know if I need to file an ITR for FY 2025-26?

What is the difference between revised, belated, and updated return?

Can I switch between old and new tax regime every year?

What happens if I miss the ITR filing deadline ?

Do I need to file ITR if my only income is salary below ₹5 lakh?

How do you handle TDS on salary mismatches ?

What is the time limit for claiming an income tax refund?