Income tax department launched ‘E -Pay Tax’ facility on the portal, taxpayers will have this facility – Cross Talk India
The Income Tax Department on Tuesday launched an E-PAY tax facility on its portal. Its introduction will make it quite easy for taxpayers to pay taxes. According to PTI news, the Income Tax Department said in a statement that the ‘e-pay tax’ facility launched by the department is a beautiful, skilled and trouble-free way to meet your tax obligations.
Trying to strengthen taxpayers digitally
According to the news, the days of long queues, tedious forms filling in banks and the last moment of tax payments are now over. Recognizing the need for easy and more accessible payment methods and taking another step towards empowering taxpayers digitally, the Income Tax Department has introduced ‘e-tax’ facility on its official online portal.
The Income Tax Department said that this facility also encourages the culture of timely compliance by eliminating friction in the tax payment process. It brings tax administration closer to citizens, especially for individuals and small businesses, provides a straight digital route for them.
Which tax system better in new financial year
In the new financial year, income taxpayers will need to choose the option of new and old tax system. In such a situation, with the increase in the exemption limit in the new tax system, it is important to know which system of tax is better for them. According to experts, the new tax system is appropriate for taxpayers with annual income of Rs 12 lakh (for salaried persons), but which system will be better for more income individuals, depending on whether the taxpayer is planning to save and invest to reduce the tax liability.
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