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.
How does the Government collect Income-tax?
You can complete filing your Income-tax return in just 15 minutes using the website or the mobile app:
Not filed yet? File your Income-tax return with myITreturn.com
3 reasons to file with myITreturn:
- Registered with the Income-tax Department
- Accurate and Simple
- Over 24 lakh users
or if you have a simple tax return, you can download our mobile app and file your Income-tax return
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