Income Tax e-filing technology for people
Online tax filing has come as a big relief for the people in India who have till now been filing Income tax standing in long queues carrying bundles of papers in hands. But with E-filing, one can file income tax return online, with the help of only a laptop and an Internet connection sitting in the living room at his or her own comfort.
E-filing is the process of electronically filing Income tax returns through the Internet. One must have experienced the trouble in doing the same after standing for long hours in the endless long queues to file the income tax, however, now-a-days, the IT department has brought a transformation in the entire process and has launched a revolutionary feature called e-filing taxes which allows people to file their income tax returns using the Internet. After paying online for bills, booking the rail and air tickets online, one can now file his income tax as well Online which has made life even simpler and easier without getting tense about the last tax-filing date.
For people, Online tax filing is nothing less than a boon and has helped them immensely in filing taxes regularly without fearing about the last date. The technology has completely changed the way by which an assessee used to pay his or her taxes to the IT Department. In line with the provisions of Income Tax Act, 1961, filing of income Tax return is a legal obligation of each and every Individual of the country whose income exceeds the maximum limit of non-taxable income slab for the full financial year which begins on 1 April and ends on March 31 of the next year. For those earning salaries, the information about the income in the particular financial year supported with the form 16 (which is the certificate for tax deducted at source), is issued by the employer at the end of the financial year.
By filing income tax return online, one enjoys a number of benefits such as great convenience, fast processing and time and energy savings. To encourage the people to file their taxes regularly at the right time, the IT department has taken a number of initiatives which have really made the lives of many who file taxes simple and tension free.
Last but not the least, to use the facility of online paying income tax, one requires the Internet banking facility by the bank so as to operate account online. And to add to the comfort, there are a number of web sites which provides help with the e-tax filing. It has brought an array of positive changes in the lives of many and has a number of advantages which include convenience, user friendly and hassle free process, accuracy in data, for each and every short detail, expert advice, filing tax any time sitting anywhere. In short, e-tax filing is nothing less than a big relief for those who have suffered badly shuttling between one counter to another.
E-filing is the process of electronically filing Income tax returns through the Internet. One must have experienced the trouble in doing the same after standing for long hours in the endless long queues to file the income tax, however, now-a-days, the IT department has brought a transformation in the entire process and has launched a revolutionary feature called e-filing taxes which allows people to file their income tax returns using the Internet. After paying online for bills, booking the rail and air tickets online, one can now file his income tax as well Online which has made life even simpler and easier without getting tense about the last tax-filing date.
For people, Online tax filing is nothing less than a boon and has helped them immensely in filing taxes regularly without fearing about the last date. The technology has completely changed the way by which an assessee used to pay his or her taxes to the IT Department. In line with the provisions of Income Tax Act, 1961, filing of income Tax return is a legal obligation of each and every Individual of the country whose income exceeds the maximum limit of non-taxable income slab for the full financial year which begins on 1 April and ends on March 31 of the next year. For those earning salaries, the information about the income in the particular financial year supported with the form 16 (which is the certificate for tax deducted at source), is issued by the employer at the end of the financial year.
By filing income tax return online, one enjoys a number of benefits such as great convenience, fast processing and time and energy savings. To encourage the people to file their taxes regularly at the right time, the IT department has taken a number of initiatives which have really made the lives of many who file taxes simple and tension free.
Last but not the least, to use the facility of online paying income tax, one requires the Internet banking facility by the bank so as to operate account online. And to add to the comfort, there are a number of web sites which provides help with the e-tax filing. It has brought an array of positive changes in the lives of many and has a number of advantages which include convenience, user friendly and hassle free process, accuracy in data, for each and every short detail, expert advice, filing tax any time sitting anywhere. In short, e-tax filing is nothing less than a big relief for those who have suffered badly shuttling between one counter to another.
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