Income Tax is a direct tax levied under the Income Tax Act, 1961 on income earned by individuals and businesses in India.As per the Income Tax Act, 1961, the Government of India levies income tax on eligible individuals. Technically speaking, income tax rules apply to any person, even an NRI, earning an income in India.
Income Tax E-Filing is an essential compliance process that ensures financial transparency, legal adherence, and proper tax management. Timely filing of Income Tax Returns helps individuals and businesses avoid penalties, claim eligible deductions, and maintain a clean financial record.
