COMMENTS NO: YEAR/2015/1056

"COMMON MAN_01:'Income Tax is still a very complex process for us. To pay your own Income Tax, you have to rely on Income Tax Consultants. Even the payment system of Income Tax is not so simple. In this age of online transactions and online tracking of PAN Card Number, why you still need to have a certified Form 16, when the Taxpayer is himself/herself is giving the self-declaration and having online access to Form 26AS?' COMMON MAN_02:'For paying our Income Tax, there should be a Bank Account in each Bank, say, 'INCOME TAX A/C'. You can pay your Income Tax in the cash counter by filling up the Income Tax Challan by yourself. Your PAN Number will be your Registration Number. By the end of the day, all the funds deposited in the 'INCOME TAX A/C' of each PSU or Private Banks of India will automatically get diverted to the 'MAIN INCOME TAX A/C' kept with SBI. The other option is to enable ECS System for Income Tax Deduction to transfer the Income Tax directly to the 'MAIN INCOME TAX A/C' by taking the Online Tax Declaration Forms for current Financial Year in Income Tax Website from the Taxpayers.'"-Arindam Sain