Hi,
I would like some help with my income tax settlement for this financial year.
I have been working for company A from April 2006 till August 2006 during which IT was deducted at source. My package at that time was 3.2L per annum. I resigned from my company A and took up an offer with company B towards the end of December. Meanwhile, I have not been employed anywhere. My average pay now is 4L per annum. How would I go about filling my tax returns? My company's accountant said that since my income for these three months would fall under 1L, I would not need to pay any tax for these three months, but I am not too sure about this.
Further on, what is the procedure for filing the tax returns? Can I do it online or would I need to get the help of some tax consultant?
Thanks
J
I would like some help with my income tax settlement for this financial year.
I have been working for company A from April 2006 till August 2006 during which IT was deducted at source. My package at that time was 3.2L per annum. I resigned from my company A and took up an offer with company B towards the end of December. Meanwhile, I have not been employed anywhere. My average pay now is 4L per annum. How would I go about filling my tax returns? My company's accountant said that since my income for these three months would fall under 1L, I would not need to pay any tax for these three months, but I am not too sure about this.
Further on, what is the procedure for filing the tax returns? Can I do it online or would I need to get the help of some tax consultant?
Thanks
J