Earning money is not easy and requires lot of hard work and dedication while all it takes few seconds to spend that money. As a working professional I do not want to give something from my earned salary as part of taxes. This is common story for all whether you are earning in six figures or even less. But then as a responsible citizen of this country, I am liable to follow country norms and pay the income tax according to government slab and category. There is a simple income tax rule for all and all must adhere to it. We cannot afford to ignore paying taxes as our whole country runs through democratic government and they require certain revenue to run this country and work to make it better with every passing day. It will certainly help the future generation and secure their future. All these big projects like contraction of bridges, dams and railways etc run with help of government.
This was about the nation benefit from paying tax and now I want to speak about personal benefits of paying income tax. It is a win-win situation for us by filing the return as it helps to give us better return in future. We can apply for loans which can be for family member or for our own needs and this can be granted only if we show banks our past financial records and income tax statements. Income tax filing records also act as a trustworthy document when giving interview for foreign visa and trips. Many multi-national companies or organisation may also want to see your IT statements for verification purpose and so it is important to have clean record. Government has now come with online updated method of filing income tax.
I would alert you to pay your taxes now before it is too late and you have to face tough time dealing with income tax official who can easily check all information with PAN card.