Tax News for Business Taxes, Home Taxes, Government Tax Policies, ITR Return
Only 14 lakh individuals fell in 30% tax bracket in 2012-13

Only 14 lakh individuals out of the 2.89 crore assessees in the country declared an annual income of over Rs 10 lakh, attracting the highest tax bracket of 30 per cent, in assessment year 2012-13.

 
 
Earlier, NPS schemes which were launched five years ago, had failed to get retail subscribers. Retail NPS has grown by over 100 per cent over the past one year.
With less than a fortnight left before July 31 deadline, here is a quick guide to help you e-file your returns for a smooth and hassle-free exercise:
The first and foremost thing is the correct selection of the return form on the basis of the status of the tax payer
 
 
Earlier, a subscriber had to contribute at least Rs 6,000 in a financial year (April-March) to keep the Tier-1 account running.
Earlier, the last date for filing returns by individuals was July 31. Last year, the deadline was extended to August 31 and further to September 31.
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