Das.N
TF Legend
Doesn't matter, it's a system glitch and will be automatically updated, I faced the same in past
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ITR processing delay. "Has your ITR been processed yet?"
Tick will appear later. Many of ITR I filed don't have the tick on Return Processing.
In two of ITR, Return Processed don't have tick although both were processed 40 days ago. So don't worry it's just a system thing. Malfunctioning of code sometimes.
One of ITR I filed for myself in 2021 still don't have tick till now on Return Processing.
P.S: On lighter note, maybe the system didn't read the return and directly processed. So it remain unseen and no tick given. 🤣
Aniket Sharma
TF Legend
Return me ghotala ni hai lgta hai smjh jata hai isliye process krne k jrurt ni hai
Note is lighter but I am not such a luckiest man so far
Currently waiting for some refund in ITR 2 for more than a month 😉
Aniket Sharma
TF Legend
Ooops I don't have such incomes
Same here. .
Govt robs 30% just in return claimed some 3% for self satisfaction 😊
I always look at total income to total tax paid and ratio reduces it to 7-10% which feels better. From next year, income upto 12.75L (salaried) is Nil. As I have above that so overall tax percentage is 10%. Around 2L tax payment for ~20L income.
Overall till now people upto 10L were paying 6.5-7% tax only i.e 65000-70000 tax on total income.
Bhai ghotala toh aaj kal bahot kamm ho gaya logo ka.
Bas itna hai jinka data available 26as or ais se match kar jata hai return instantly processed else it stucks and went into manual intervention. Like one of my cousin has received arrears and I put form 10e while that arrear didn't appear in 26AS, her return is stucked at processing and didn't processed. Now it is sent to AO.
Instant processing is only when data available and data provided matches. People have income from those sources also which are exempted from reporting by departments like state Govt department incl. eduction and police don't report to 26AS mostly. In that case instant processing doesn't get through instantly and takes time.
ITR 1 no matter what data it has processes instantly or within a month but it can stuck also if refund or tax exemption or deduction taken are questionable or system don't have enough data with it.
Aniket Sharma
TF Legend
Kya hi bolu mai mera last year ka processed to ho gya but with demand of Rs. 3 jo k maine payment krte wqt edit ni kiya tha bc inka system 0 consider krta hai 3 ko, notice wagairah to kchh ni hai but prso dikha to maine 3rs ka payment kr diya pay option pe jaake 400 code k saath.
Aur isi karan se pehle match kiya isbaar aur jitna tax tha advance payment krke add kr diya advance payment section me to ye direct process ho gya with no demand, ni check krta to isbaar phir se 2rs ka demand kr dete ye log
As your income increases this percentage also increases..
Mine was around 18L on the income of 65L.
Then try to bifrucate your income sources. Except salary, other sources's income can be deviated to family members whose tax liability is low.
Also above 50, there is cess. So try to bring in under 50. That way 7L will be saved.
Yes proper usage of spouse pan to equity investments and fd
Will interest from FD also no tax ji till 7l or 12.5l next year?
CG I know from paise 1 it’s taxable only fd interest need clarification
TIA 🙏
Aniket Sharma
TF Legend
Yes fd interest is also taxable if income is greater than exemption i.e., 2-3 lakhs.
I didn't remember the exact figures.
Tax is on total income. If income from all sources, from FY25-26 or AY26-27, including FDs is less than 12.75L (salaried with 75000 standard deduction) and Rs.12L (non-salaried) then tax liability will be nil.
But remember a 10% TDS on FDs is applicable if yearly interest is more than 50K in normal citizen account with age less than 60 and 1 Lakh in case of senior citizen account holders. If you don't want TDS to be deducted on FD income you can file form 15G/H. Some banks have allowed senior citizens to fill 15H till income of 12L/12.75L.
If TDS is deducted as you don't have eligibility for 15G/H then you can take the complete refund next year by filing ITR and claim this TDS back. But only if all income incl. FD interest income is less than 12L/12.75L.