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Salary Account: If salary comes, then do this work within 31 days, fine will be imposed from August

ITR Login: Many people in the country file income tax returns. Although there are many people whose income is taxable but they are reluctant to pay tax, but if a person does not file tax despite having taxable income, then many losses may also have to be faced.

People
whose income comes under income tax, at present it becomes very important to file income tax return. At the same time, the last date for filing income tax for the financial year 2021-22 for the individual taxpayer is 31 July 2022. If tax is not paid by this date then penalty may be imposed.

Let us tell you that if an individual income tax payer files tax for the financial year 2021-22 after July 31, 2022, and his age is less than 60 years, then a fine of Rs 5000 can also be imposed on him In such a situation, only 31 days are left for filing income tax return from July 1.

Old tax slab
If an income tax payer below 60 years of age pays tax according to the old tax slab, then no tax will be levied up to Rs 2.5 lakh annually. After this, if there is an income of 2.5 lakh to 5 lakh, then 5 percent tax, 20 percent tax on annual income of Rs 5 lakh to 10 lakh and 30 percent tax on annual income of 10 lakh rupees.

New tax slab
If an income tax payer below 60 years of age pays tax according to the old tax slab and no tax will be levied up to Rs 2.5 lakh per annum. After this, income of Rs 2.5 lakh to Rs 5 lakh per annum will attract 5 percent tax. 10 percent tax on income of Rs 5 lakh to 7.5 lakh, 15 percent tax on annual income of Rs 7.5 lakh to 10 lakh, 20 percent tax on annual income of Rs 10 lakh to 12.50 lakh, income of Rs 12.50 lakh to 15 lakh 25 per cent and annual income above Rs 15 lakh will attract tax at the rate of 30 per cent.

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