Navigating-Personal-Income-Tax 
                     Navigating Personal 
Income Tax
Simplifying Your Tax Journey for Financial Peace of Mind
https://mercuriusteam.com/taxation-services/
THE MERCURIUS ADVANTAGE
Your Partner in Tax Clarity
At Mercurius, we transform tax complexities into straightforward solutions. Our experts offer personalized guidance, 
ensuring you meet obligations and optimize your financial health. 
Personalized Guidance Stress-Free Compliance Informed Decisions
Tailored advice for your unique We handle the details, so you Empowering you with 
financial situation. don't have to. knowledge for financial 
optimization.
YOUR TAX JOURNEY STARTS HERE
Understanding Personal Tax
Personal tax is applied to your income from various sources. Understanding these categories is key to navigating your tax 
obligations effectively:
Salary from Employment Business Profits
Income earned through your job or profession. Earnings from your entrepreneurial ventures, or self-employment.
Rental Income Investment Gains
Money received from leasing out properties you own. Profits generated from selling assets like stocks or bonds.
This contribution supports public services and ensures your financial contribution aligns with your earnings.
KEY DEADLINES
Tax Return Filing
1 2
Filing Deadline: Stay Compliant, Avoid Penalties
Individuals earning income from April 1 to March 31,  must be filed Timely filing is crucial to avoid penalties and interest charges. 
by July 31 of the following year. Mercurius provides:
• Comprehensive tax deadline calendars
• Timely reminders and notifications
• Guidance for seamless compliance
CHOOSING YOUR PATH
Old vs. New Tax Regimes
Old Tax Regime New Tax Regime
Income Slab Tax Rate Income Slab Tax Rate
Up to Rs. 2,50,000 Nil Up to Rs. 3,00,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 5% Rs. 3,00,001 to Rs. 7,00,000 5%
Rs. 5,00,001 to Rs. 10,00,000 20% Rs. 7,00,001 to Rs. 10,00,000 10%
Above Rs. 10,00,000 30% Rs. 10,00,001 to Rs. 12,00,000 15%
Allows various deductions and exemptions, potentially reducing taxable Rs. 12,00,001 to Rs. 15,00,000 20%
income.
Above Rs. 15,00,000 30%
Offers lower tax rates but limits deductions and exemptions.
Our experts guide you through tax slab rates and optimization strategies.
PAY-AS-YOU-EARN
Advance Tax Explained
Advance tax is a system where you pay your tax liability in installments throughout the year, rather than a single 
lump sum.
1 Applicability 2 Due Dates
If your tax liability (after TDS) exceeds Rs. Payments are due on specific dates, spread across 
10,000 in a financial year. the year.
3 Calculation 4 Payment Modes
Mercurius helps estimate your income and Online via debit cards, internet banking, or 
calculate liability. designated banks.
Failure to pay or underestimation can result in interest charges and penalties.
ADVANCE TAX INSTALLMENTS
Key Payment Deadlines
On or before June 15 15% of total liability.
On or before 45% of total liability (less 1st installment).
September 15
On or before 75% of total liability (less 1st & 2nd installments).
December 15
On or before March 15 100% of total liability (less previous installments).
Mercurius ensures you stay on track with these critical payment dates.
CATEGORIZING YOUR INCOME
Heads of Income
Income is classified into different categories, each with specific tax rules.
Income from Salary Earnings from employment (salary, wages, bonuses).
Income from House Property Income from renting out residential or commercial properties.
Business/Profession Profits from self-employment, business, or professional activities.
Capital Gains Profits/losses from selling assets (stocks, real estate, bonds).
Other Sources Dividends, interest, gifts, lottery winnings, etc.
Mercurius helps you categorize and report your income accurately based on your unique sources.
OPTIMIZING YOUR TAXES
Exemptions & Deductions
Strategic tax planning is crucial to minimize your tax burden and maximize savings.
1 Identify Eligible Exemptions 2 Maximize Deductions
Discover what applies to your income. Claim expenses and allowances you qualify for.
3 Explore Tax-Saving Instruments 4 Align with Financial Goals
Invest wisely for future benefits. Personalized strategies for your objectives.
Our tax advisory services help you legally optimize your tax liability.
YOUR TAX SOLUTION PARTNER
Why Choose Mercurius?
https://mercuriusteam.com/
Dispute Resolution
Expert handling of complex tax disputes and litigations.
Audit Navigation
Proactive guidance through tax audits, assessments, 
and appeals.
Financial Protection
Equipping you to address disputes and protect your 
Expert guidance through complex tax laws, ensuring peace of mind. interests.