How is Online Filing of Tax Returns Better than Physical Filing?

Only 4 % of the Indian earning population pays taxes. The stats are alarming and disturbing at the same time. What could be the reason of maximum income earners avoiding the prospect of paying taxes? Is it dishonesty? It is that people want to hoard as much as black money possible? Yes, this could be one of the reasons. But it is definitely not the sole reason. One of the main reasons of people not abiding by the tax laws is the cumbersome tax paying procedures.

Getting the taxes calculated by an expert. Paying huge commissions to the advisor. Filling in the complicated forms and standing in queues to submit the same. Waiting to receive the verification adds to the agony. Well, this was the scenario a few years ago. A lot has changed when technology took over the lives of the people. The tax procedures have simplified to a great extent.

Now, it is possible to get done through all these procedures online. You can, in fact, file your income tax returns online. e-filing income tax returns online or as popularly known as e-filing is the simplest way to disclose your income details and tax liabilities to the income tax department. The official website of income tax department allows you to file income tax returns by filling in the important details. You can fill in details using your form 16. Moreover, if you avail services using private tax portals such as H&R block, you do not even need to fill in the details. Just upload your form 16 on the website and it will automatically file your tax returns. The private tax filing portals also allow you to calculate taxes according to your income profile and investments. This saves your money, which otherwise you would have spent on paying to the tax consultants.

Time saving, money saving, convenient, the procedures are simple as never before. So, what are you waiting for? File your tax returns and clear off all your tax dues before you land yourself in a legal trouble.