ITR-2 Filing Fees in India - Government & Professional Costs
Understanding ITR-2 filing Fees in India helps taxpayers budget for return preparation and compliance. The overall expense may include professional assistance and government-imposed charges, depending on the filing situation. ITR-2 is generally used by eligible individuals and HUFs who do not have income from profits and gains of business or profession. The Income Tax Department provides ITR-2 filing facilities through its e-filing portal.
What is the Cost of ITR-2 Filing?
The cost of ITR-2 filing depends on whether you file independently or use professional assistance. Professional charges can vary according to the services included, while government charges generally arise when a return is filed late or certain additional filing conditions apply.
For an overview of the income tax filing process, taxpayers can review the applicable filing requirements and supporting information before submitting their return.
ITR-2 Filing Cost Components
ITR-2 does not involve a separate registration process. The cost structure can instead be understood by separating professional assistance, return preparation, tax computation and applicable government charges.
| Cost Component | What It Covers | Notes |
|---|---|---|
| Document Review | Review of income and supporting documents | Helps identify information required for filing |
| ITR Form Identification | Selection of the applicable income-tax return form | ITR-2 is applicable only where eligibility conditions are met |
| Income Computation | Compilation and computation of taxable income | May include different income sources |
| Tax Computation | Calculation of tax liability, refund or payable amount | Depends on reported income and applicable provisions |
| Return Preparation and Filing | Preparation and electronic submission of the return | Includes filing-related assistance |
Government Fees for ITR-2 Filing
Government charges for ITR-2 primarily relate to delayed or specific return filings. The applicable amount depends on the taxpayer's total income and the timing of submission. The Income Tax Department specifies the applicable statutory Fees for delayed filing.
| Government Fee Component | Applicable Amount |
|---|---|
| Delayed filing fee where total income does not exceed ₹5 lakh | ₹1,000 |
| Delayed filing fee where total income exceeds ₹5 lakh | ₹5,000 |
| Additional fee for revised return, where applicable | ₹1,000 up to ₹5 lakh income; ₹5,000 above ₹5 lakh |
Professional Fee Structure for ITR-2 Filing
Professional Fees depend on the service package selected. IndiaFilings currently lists an assisted filing plan covering document review, form identification, income computation, tax calculation, return preparation and filing, along with the acknowledgement copy.
| Plan | Professional Fee |
|---|---|
| ITR-2 Return Filing (Assisted Tax Filing) | ₹2,899 + GST |
Key Factors Affecting ITR-2 Filing Cost
Several factors can influence the effort required for ITR-2 filing, including the number of income sources, capital gains, deductions, tax computation requirements, document complexity and whether the return is filed within the prescribed deadline.
- Nature and number of income sources
- Capital gains reporting requirements
- Applicable deductions and exemptions
- Tax payable or refund calculation
- Availability and accuracy of supporting documents
- Timely or delayed filing
What's Included in Our ITR-2 Package
The IndiaFilings Assisted Tax Filing package is designed to provide end-to-end assistance, from reviewing documents through submission. The package includes the following services:
What's included:
- Document collection & review
- ITR form identification
- Income computation
- Standard deduction and basic deductions, including 80C, 80D and 80TTA
- Tax liability computation
- Payable/refund summary
- ITR preparation & filing
- ITR acknowledgement copy
Additional Fees for ITR-2
Additional statutory amounts may apply when filing obligations are not completed within prescribed timelines. Taxpayers should also consider any applicable tax or interest liability separately from professional filing charges when determining their total compliance outlay.
For general information about income tax requirements, taxpayers can review the relevant rules and filing considerations before completing their return.
Why Choose IndiaFilings for ITR-2
IndiaFilings provides professional ITR-2 filing assistance through a structured online process. Its assisted service supports document review, form identification, income computation, tax calculation, return preparation and electronic filing. Taxpayers can also receive their ITR acknowledgement copy after filing. To get started with ITR-2 filing, visit IndiaFilings and submit the required details for expert assistance.
For more information about available services and online compliance support, visit IndiaFilings.