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
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Tax Payments
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TDS/TCS
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Refunds
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