MY EARNING OPPORTUNITY (MEO) PLAN

To spread awareness about ITR and to increase number of IT Return Filers, My Tax Consulta (MTC) has launched a plan for individuals. The plan includes providing quality services at very nominal fees in the field of Income Tax, VAT/CST, Service Tax, Accounting etc. Moreover, the company will give an opportunity to earn handsome income without any investment or membership fees.

BENEFITS OF THE PLAN :

WHO CAN TAKE BENEFITS OF THE PLAN :

An Individual who wants to file his/her Income Tax Return/ VAT Returns/Service Tax Returns can become a member of My Tax Consulta after registering him/her self on the company’s website and paying prescribed annual return filling fees.

PRESCRIBED LIST OF SERVICES AND ITS FEES :

To become a member of MTC, you have to use any one or more services from the following services :

No. Services Fees
1 Filing Income Tax Returns for :  
Salary + House Property + Income from Other Sources Rs. 500/-
Business / Profession + Capital Gain +Salary + House Property + Income from Other Sources (*Accounting Fees Rs.200 per lakh or part thereof of            gross turnover/receipts or Rs. 500 whichever is higher, will be charged extra for Business / Profession Return) Rs. 1,499*/-
2 Filing VAT/CST Returns for :  
Monthly Rs. 8,499/- p.a.
Quarterly Rs. 3,999/- p.a.
Half Yearly Rs. 2,999/- p.a.
3 Filing Service Tax Returns Rs. 2,999/- p.a.

DESCREPTION OF THE PLAN :

After registering him/her self on the company’s website, the applicant has to send listed documents and fees on the company’s registered address.

After verifying the information of the applicant, the company will give a unique Membership Number to the applicant.

Now, the member can start to earn unlimited commission income lifetime. For that he/she has to become a Sponsor.

The Sponsor shall have to join exact five new members under his/her membership. The sponsor has to fill up the registration forms of his/her new members using his/her membership number as reference number. As and when the sponsor introduced an exact five new individuals and they became members of My Tax Consulta, it forms a “Completed Level”. The Completed Level must be in horizontal line. Also the sponsor must have direct link with his/her members. These members are called as “Direct Members” of the sponsor. Any level other than defined herewith shall be incomplete level.


One Sponsor can do only one completed level (Level-1) under his/her membership as defined above. However, the sponsor can assist his/her chain members to complete their levels. The members of next levels other than Level-1 are called “Indirect Members” of the Sponsor.

If any Sponsor tries to misuse the above mentioned scheme by doing more than one level under his membership by any means, then his/her membership will be terminated by My Tax Consulta without giving any prior notice.

COMMISSION :

Commission will be paid to the member for each completed level by the member and his/her direct and indirect members.

LEVEL NO. OF MEMBERS COMMISSION
1 5 10%
2 25 10%
3 125 5%
4 625 5%
5 3125 3%
6 15625 3%
7 78125 2%
8 390625 2%
9 1953125 1%
10 9765625 1%

The basic illustration of commission earning at each level is as under :


MEMBER'S COMMISSION CHART
LEVEL CUMULATIVE GROSS COMMISSION^* (RS.)
1 249.50
2 1,497.00
3 4,615.75
4 20,209.50
5 66,990.75
6 3,00,897.00
7 10,80,584.50
8 49,79,022.00
9 1,47,25,115.75
10 6,34,55,584.50
^Commission shown above is calculated based on assumption that all the members are paying minimum service fees i.e. Rs. 999/-.
*Actual Commission may be varied from as shown above.

Commission will be calculated on net fees charged after deducting Service Tax, and will be paid after deducting administration charges @ 10%, TDS and any other taxes after end of relevant financial year by way of cheque/NEFT.

Kindly read our Terms & Conditions for more details.