Income Tax Return In India

Income tax return is important for every citizen of India who is above a prescribed yearly limit of earnings. By filling Income tax return an individual process for paying his tax to Income Tax Department of India. According to Income Tax Act of 1961, income tax return filing is necessary for every Indian, whose income exceeds the maximum limit of non-taxable income for a financial year. This financial years is taken from 01 April to March 31 of next year.

For salaried class it is necessary to fill form 16 which is the the certificate for tax deducted at source. It is issued by the employer at the end of financial year. Now a days you can easily fill your income tax return online. So there is no need to wait in long queues. Official site of Income Tax Department of India has started its online operations to help people. Filing income tax return online offers great convenience, fast processing and hassle free process.