According to the provision of the Income Tax Act, 1961, every resident and NRI residents of India are eligible to pay income tax.
Income tax is levied by the Government of India.
The applicable income tax amount is as per the taxable limit for an assessment year.
If you wish to know about the income tax login, here is a quick post! Read on!
How to go for the income tax login in India?
- Land on the official website of the Income Tax. Individuals are required to visit the official website of e filing income tax at www.incometaxindiaefiling.gov.in/home. One needs to note that this portal is not the same for Income Tax India.
- Once you are on the portal, you will view the ‘Login Here’ button. Click on it.
- You will be asked to provide vital details like the user ID (PAN), password and captcha.
- Once done, you need to hit the ‘Click’ button to proceed further. It is how the ITR login will be completed.
Who is eligible to pay the income tax?
Individuals earning an amount of up to Rs.2.5 lakh per annum are entitled to pay income tax in India.
In case your income is taxable, you can also avail exemptions applicable on your home loan to save on taxes.
If you are earning up to Rs.2.5 lakh per year, you don’t have to pay anything. 5% needs to be paid for individuals earning between Rs.2.5 lakh and Rs.5 lakh.
10% is what needs to be paid as the income tax if you take home between Rs.5 lakh and Rs.10 lakh. You need to pay 30% as the income tax on an earning above Rs.10 lakh and beyond.
