Taxes are collected by the Government through three means: a) voluntary payment by taxpayers into various designated Banks. For example, Advance Tax and Self Assessment Tax paid by the taxpayers, b) Taxes deducted at source [TDS] from the income of the receiver, and c) Taxes collected at source [TCS]. It is the constitutional obligation of every person earning income to compute his income and pay taxes correctly.
myITreturn.com is India's leading Tax and Compliance solutions provider. Our solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
For the latest news and insights on taxation, follow us on social media: