ITR Filing

ITR Filing in Bangalore, Karnataka

Bangalore has India's highest concentration of salaried employees holding stock in a foreign parent company, and that single fact changes the return. RSUs and ESOPs in a US or European parent trigger foreign asset reporting.

From ₹499

Service fee, excluding 18% GST and government fees (charged separately at actuals).

Who We File For in Bangalore

Tech employees with vested RSUs must disclose those holdings in Schedule FA, and the disclosure is required even when nothing was sold and no gain arose. Missing it carries penalties well out of proportion to the tax involved, so it is the first thing we check on a Bangalore return.

How We Work

• Form 26AS and the Annual Information Statement reconciled against what you actually earned
• The right ITR form picked for your income mix, so the return is not treated as defective
• Old and new regime both computed, and we file under whichever leaves you better off
• E-verification handled, then refund tracked until it reaches your bank account

This page covers ITR filing specifically for Bangalore. For the full inclusions and document checklist, see our ITR filing service.

Frequently Asked Questions

There are two events. At vesting or exercise the benefit is taxed as a perquisite through your salary. When you sell, the gain over that value is a capital gain. Separately, holding shares in a foreign company means disclosing them in Schedule FA, and that disclosure is required even if you never sold and made no gain.

It depends on your income mix. Salary with one house property up to ₹50 lakh is ITR-1. Capital gains, more than one house property, or foreign assets move you to ITR-2. Business or professional income is ITR-3, or ITR-4 under presumptive taxation. Filing the wrong form gets the return marked defective, so we pick it from your actual income, not last year's form.

If your income is salary only, you can choose each year at the time of filing. If you have business or professional income the choice is restricted and opting out of the new regime requires Form 10-IEA, which can only be exercised a limited number of times. We compute both before deciding.

Official sources

The rules, rates and deadlines described here are set by the government and do change. This is where they are officially published:

Income Tax e-Filing portal, Income Tax Department, Government of India

ITR Filing Elsewhere in India

Kolkata Delhi Mumbai Hyderabad Pune Chennai Ahmedabad Bhubaneswar

Talk to a Tax Expert

Free consultation. We reconcile your AIS, compare both regimes, and file under whichever costs you less.