In order to assist filing of Income Tax Return (ITR), the office of Income Tax department will remain open on Saturday and Sunday.
Since the assessees with total income exceeding Rs. 5 lakhs are required to file their returns electronically, Central Board of Direct Taxes (CBDT) launched a new online ‘tax calculator’ for computing annual I-T liability a couple of days ago.
It can now be emailed to personal inboxes of taxpayers before returns are filed by the end of this month.
The ‘tax calculator’ is a computer based programme hosted on the web-based platform of the I-T department and is meant for the aid of the taxpayer before they file their final ITR.
Taxpayers can see the tax calculator on the official website of the I-T department– www.Incometaxindia.Gov.In. The ‘tax calculator’ acts like a true copy of the ITR.
The department, in the recent past, has undertaken a slew of measures to fasten and ease the I-T filing system and subsequent issue of refunds as it recently announced that taxpayers will be required to share their personal email IDs and mobile phones for one-to-one communication with the taxman.
The department will soon start updating taxpayers about the status of their I-T refunds and processing of certain tax statements by sending real-time SMSes and emails, on similar lines as that of credit card and bank transactions at present.
