Income tax payment is no more the same as it used to be few years back. Payment system has gone through changes and we have facility to efiling the income tax. Income tax new process is still not known to all and people still try to file through the papers which take up even whole day and cost money too. It is sometimes even difficult to trace the records as papers may get lost. Efiling advantage is that you can get your refund back after filing the tax at a much faster pace than compared to filing it manually. It is few days to go as July is deadline to pay taxes and we must to adhere to government regulations.
There are so many instances where we read in newspaper or hear about raids or scrutiny done by the IT department as they check each and every corner to unearth the black money. This problem will not come if we show them the income tax filing papers on time and satisfy them. You must also pay taxes as it your duty and moral responsibility. No one should ask or force you to do the same. India is one of the largest populated country and we must pay our dues so that government can generate revenue to build roads and public transport system. There is still need of lot of development and work to be done so that we can match the international standards and able to modify the old systems. Our government is constantly working in modernisation of railways and transport. It is trying to match up with common man expectations. Income tax paid will help you feel relaxed and you can feel proud of it. Another point to pay income tax is that banks process the home or car loan which is dream for many people only after checking your documents and one of them includes income tax return. They usually check if tax returns are filed for at least two years or more before taking any decision.