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Tips For Paying Income Tax by Nobhila Sharma





Article Author Biography
Tips For Paying Income Tax by
Article Posted: 07/09/2013
Article Views: 252
Articles Written: 10
Word Count: 426
Article Votes: 0
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Tips For Paying Income Tax


 
Law,Tax
Finance management was never a simple task and it is not so now. Most of the people who are earning do not keep their slips, receipts or the paper documents with care. Actually people don't know how much important is to carefully keep those documents as afterwards they are needed for different purposes mostly at the time when people have to pay their income taxes. These all documents or bank statements are required while filling the income tax return forms.

As we all know that every year we all have to pay our income tax and normally like every year, most of the time is wasted in the formality of paper works. In this technical and rapidly growing world everything is available over the internet, now with the help of internet everyone can pay their taxes online. There are numerous benefits of online itr filling and some of them are as under:-

* First and foremost - the great benefit is that time is saved * No paper work is involved so one has to just fill online income tax return * One of the easiest and the fastest way to fill taxes

Income tax is taken from the earning citizens of the country by the government to manage the financial, administrative and welfare of the country. A certain limit has been decided by the governments like 30 percent or 20 percent that an individual has to pay when the annual income increases (suppose) 2.5 lakhs annually. Many people use to hide their annual income so that they can save themselves from paying the income tax but laws are made by governments according to which a person who is not paying or not properly paying the income tax then he/she is punishable by the various sections of the income tax law. A date is set under which an individual doing business or any kind of work has to pay the income tax return within the date decided of the financial year. Here are some of the income tips:-

* One should properly check the documents and income tax return form so as to make sure that everything is all right and in the proper order. * One should properly check the calculations and other kind of work done by the consultant for your income tax returns. * After properly checking all the things one should sign all the documents before they are submitted * Married persons, husband and wife can pay their income tax return jointly so as to get the better rebates.

Related Articles - online income tax return, income tax return form,

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