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Low and voluntary contribution of funds to the government.


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 India Tax Payer – the beginning

India Tax Payer is an association formed for the felicity of the citizens of India in the year 2009. With a membership of 20,000 people across the nation, ITP aims for “Reduced Taxes and Better Service for the tax paid”. more..

 Order under Section 119 of the Income-tax Act, 1961

Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 ('Act'). With effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link it with PAN Number for filing the tax return more..

 New Income Tax Law May Focus on Salaried Class, Says Member of New Panel:

Mukesh Patel, an Ahmadabad-based tax advocate, was also part of an earlier expert committee to simplify income tax laws. In an exclusive interview, he mentioned that the new Income Tax law is the need of the hour instead of continuous patch-up work that was being done on the old 1961 legislation. more..

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    Every rupee you earn results in 70 paise going to the government.

    In every rupee, 30% goes to income tax. When you spend 70 paise, you pay 20% on an average as GST. 44 paise gone to government. And almost all products are taken out of earth in some form or other. For each one you pay a royalty to government amounting to about 20% the cost of the product.

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    Assuming 50 paise as the cost of product 10 paise goes as royalty. Now the remaining 46 paise includes transportation, communication and many other services for which the government charges carrying cost. Example, license for 2g or 3g etc. This will add up to about 16 paise in all. Totalling to a whooping 70 paise out of every 1 rupee earned. May be a little less, may be a little more.

    For More Updates: Visit  https://www.facebook.com/IndiaTaxPayer-151502931552350/?hc_ref=ARTAsRTyplG4n0wADrVN3Hg6neKMrA_Zu4a7nxI1AWXX9Ins8XXS0M1PUXVkq-HXYQI&fref=nf