Paying tax is now become easier with d online website that offers you a easy way to pay tax. Makes most of taxpayers life's easy and paperless. We always go to some CA or agent to file our taxes but now we can do it on our own.
Here are some important things you should know about tax and why you should pay tax.
About income tax
- Income tax is the one that deals with the taxation of the earning of every individual, firms or organization in a financial year.
- The sources of income found in any form of wages, interest, dividends, profits or any other capital gains.
- Particular income can be listed out and the taxes paid on the same by the individual, firm or organization.
- The returns can be presented to the income tax department which also has its online portal making things easier.
- It is mandatory for an individual, firm or organization to pay their income tax every year according to their earnings in that particular year.
Why should one pay income tax?
- Being a resident of India, one has to pay income tax depending on their income in that particular year. It is mandatory for all residents of India to do so.
- The amount that one pays is used for the betterment of the country and to help the country progress.
- All the amount reserved is used by the country's government to help the country go from developing to developed.
- To help the country progress one should and must pay their income tax on time.
Some help regarding income tax.
- There is a particular amount that is taxable which can be calculated on the income tax online website with their calculator.
- Also registration is very simply, only a pan card is required.
- Paying income tax online saves a lot of time and also paper too.
- Online filing of return ends by July 31 at the end of every financial year.
These are some of the information regarding income tax e filing hope it helps you.
I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.
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