New Delhi: The date for filing income tax for the last financial year i.e. 2021-22 is very near. It becomes important for taxpayers to file tax returns by 31 July 2022. More than 1 month has been kept for filing tax, but it is important to clear the IT return paper in time to avoid any hustle and bustle.
Talking about every salaried person, it is considered necessary to file a tax return. All the people who come above the special tax slab made by the government, it is considered necessary to pay tax to the government annually. It is only through the tax paid by the common people that development and other projects in the country start running from time to time.
Taxpayers falling in different tax slabs are considered to be required to pay their taxes in different ranges. The larger the income of the taxpayer, the higher his taxable amount also becomes. The Income Tax Department has divided the individual taxpayer into three categories.
- Resident and non-resident taxpayers who are below 60 years of age.
- Resident senior citizens whose age is between 60 and 80 years.
- Indian resident very senior citizens whose age is more than 80 years.
Due to the Corona epidemic, the government had decided not to make any changes in the income tax slab in the budget. However, there were some changes in the new slab. In this, the government has given exemption to such senior citizens of 75 years who are relatively dependent on their pension and interest on income, in filing tax returns. In such a case TDS is deducted by the bank.
How to pay income tax
The most important thing about filing income tax is that now filing tax is not going to be as difficult as before. Now people are not going to worry about long queues and deadlines. E-filing facility is now going to be available with the taxpayer. The Income Tax Department has launched a separate portal in this regard where priority has been given to giving seamless experience to the taxpayer. You have to file your return sitting at home in very less time.
