Tag: Income Tax

Due Date Extended to 31 August 2012 to File Your IT Returns

People who are not able to file their income tax returns today, can get relaxed now. The last date to file income tax returns is extended. The Central Board of Direct Taxes, under section 119 of the Income Tax Act,…

Only 2.77% of Indians Pay Income Tax

01 Sep 11: According to the Ministry of Finance, of the total Indian population of 1.21 billion, only 2.77 percent or 3,35,79,831 (33.57 million) people have paid the personal tax, as on March 2011. But it is seen that the…

Online Filing of IT Returns in India has Jumped to 80 Percent

21 Jun 2011: For the year 2010-11, online filing of income tax returns in India, reached 91.57 lakh, with a growth rate of 80%. It is further expected to reach 7.5 crores in five years. According to SNK Etax Solutions…