Pledge to Pay IT Tax

Managing your finance is very important for all and it requires knowledge about your all earning and way to pay your dues on time and filing the tax returns. Income tax filing helps you to balance and understand about your financial position and you can take then financial decision about investing in something or saving the money through various schemes. Government last date for paying the tax is 31st July of this month and we must try to pay before the end day. Government has given option to people to pay the taxes online with efiling income tax procedure. You can download the file or upload your documents easily and pay the tax without any help as online system is so simple and you are guided with each step in organised manner. There is not much involvement of any third person who can take extra money or give you wrong information. Filing income tax online saves money and is environment friendly. There is no need to have any paper and you can do things in digital format. There is also an option to see your last filed IT returns.

IT returns filing if not done in time can land you in trouble. It can make government suspicious about your way of earning income and you may then have to declare your all direct and indirect assets. It can also cause you to report to police station and pay fine or face action as per the current government law if found having black money. In few years we have seen government has taken more interest in securing the country black money which is outside the country and bring it back to India with foreign co-operation. Income tax filing helps you in easy loan and visa file application. Career progression could be hindrance if we do not show the IT filing documents as needed. I hope that tax pledge is taken to help the country and be responsible to the country.

“I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.”

Online Tax Filing

Every citizen has duty to pay income tax on their earnings to the government as it is mandatory for all. It is the duty of the every citizen to file income tax returns and be a responsible Indian citizen of this country. Income tax filing is done through paperwork and online which is more convenient and easy process. Income tax must be paid for securing your own future as you never know when such financial records and income tax returns could be needed. Income tax filing records are required for loans application from the bank. It is whether the education or home loan, you are needed to show the financial income tax records are needed by all banks. Another movement and instance is when you have to visit abroad and need visa. Visa application and process is quite tricky and may require many financial records and income profit also requires you to show the income tax records of previous years if you are working professional or businessman.

Income tax pledge should be taken as an oath for the working class and it should be paid on time and done on regular basis. Income tax paid by people has given us great returns if we see the broader aspect to understand how money circulates back in the economy. Government uses the tax money to fund the projects and use money for citizen by providing them various resources in form of good infrastructure. We have seen start of Swatch Bharat mission and other important projects in the country which are only possible when we pay taxes. Then we see constant development happening in different parts from building of road networks or airports. This it is very much important to file the income tax return. Violation of such act or hiding facts about your income and giving wrong information can be fatal for any person and lead to punishment and fine or both.

“I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.”