Friday, March 21, 2014

Avail Online Services related to Income Tax

Income Tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment. Paying income tax is mandatory for all citizens whose gross total income - which includes income from salary, business, capital gains, property and other sources, before allowing for deductions - exceeds the basic exemption limit.
To make the taxation process easy, the Income Tax Department is offering the following online services:
PAN
TAN
Returns
Tax Payments
TDS/TCS
Refunds

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