One thing is for sure that no person 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 earned in the year under the rules of the country.
People who file taxes regularly know the fact that income tax return is an important part of IT Act of the Indian democracy. It is a process for paying his tax to IT Department. As per the provisions of Income Tax Act, 1961, filing of IT Return is a legal obligation of every Individual whose income exceeds the maximum limit of non-taxable income for the full financial year which begins on 1 April and ends on March 31 of the following year. For the salaried class assesses, the information about the income in the particular financial year is supported with the form 16 (which is the certificate for tax deducted at source), issued by the employer at the end of the financial year.
There are a number of benefits of filing Online IT Return which include the likes of great convenience, fast processing and hassle-free option to the assesses. To encourage the people to file their taxes regularly at the right time, the department has taken many initiatives and keep working towards offering new and meaningful benefits of the process.
Gone are the days when one used to stand in the long queues to file his income tax, now-a-days, the IT department has brought about a transformation in its process and now one can enjoy the advantages of e-filing feature which allows the people 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 as well which is formed to make life of tax payers even more simpler and easier without taking tension about the tax-filing date.
However, in order to enjoy this new facility of paying income tax online, you need to have the Internet banking facility by your bank to operate your account online easily. Today, there are a number of web sites which are providing the e-tax filing facility. Convenient, user friendly and hassle free process, accuracy, for each and every short detail, expert advice, filing tax any time sitting anywhere are some of the advantages of e-filing. E-tax is nothing less than a big relief for those who have suffered a lot in the tough process of filling the income tax.