How Can Individuals Benefit From Online Filing Of Income Tax Return?

Posted by Radhika Awasthi on March 14th, 2017

For long, individuals in India file income tax returns India standing in lines with papers in hands, however, with the growth of new and pioneering technologies, one can file his or her taxes online, sitting in the living room at his or her own coziness. One thing is for sure that no individual on this planet loves to pay income tax, however, when one reaches a certain income level, he or she is made to pay taxes on the income grossed in the year under the rules of the nation. In such a scenario, because of the busy and hectic life schedules these days, people prefer to avail expert assistance e-filing option so that they can file their tax return with ease.

People who file taxes recurrently know the fact that income tax return is an imperative part of IT Act of the Indian democracy. It is a procedure for paying his tax to IT Department. According to the provisions of Income Tax Act, 1961, filing of IT Return is a lawful obligation of every person whose income surpasses the maximum limit of non-taxable income for the full financial year which starts on 1 April and ends on March 31 of the following year. For the salaried class assesses, the info about the income in the particular fiscal year is reinforced with the form 16 (which is the certificate for tax deducted at source), issued by the boss at the end of the financial year. There are numerous advantages of filing online IT return which embrace the likes of great convenience, fast processing and annoyance-free option to the assesses. To inspire the individuals to file their taxes often at the right time, the department has taken many initiatives and keeps working towards offering new and evocative benefits of the procedure.

Gone are the days when one used to stand in the lengthy queues to file his income tax, these days, the IT department has brought about a revolution in its process and now one can relish the benefits of e-filing feature which permits the individuals to file their Income tax return using the internet. After paying online for bills, booking the rail and air tickets online, one can now file his IT return online too which is formed to make life of tax payers even more simpler and calmer without taking strain about the tax-filing date.