Shocking

Today I read a letter in the newspaper. 

The statistics are really shocking about India. 

125 crores. Population.

 5 crores. Tax payers registered with Income Tax Department
                                   1.6 crores out of 5 crores do not pay income tax.
                                   2.72% population pays tax. 

No tax paying population Tax payers registered with Income Tax Department though registered as tax payer. Only 2.72% pay taxes. Inference 2.72 people earn and 97.28 enjoy on their earnings. 

Why should not every graduate have a PAN card? 

I am not asking for paying tax.  At least, they got graduation from their country, they should be registered and file income tax returns. 

This should be done right at the time degree is awarded by the university. 

The educational institutes and universities can do this. 

Ministry of HRD should pay heed to my suggestion.

It is a matter of great regret that right from our childhood, we are not taught to live honorably by paying taxes either by family or by the educational institutes. 

Tax Deducted at Source

T.D.S 

ATTENTION: 

Non-Government Tax Deductors 

Make sure you comply with these

5 steps

Step 1: DEDUCT: Deduct the TDS while making payment as required by law.

Step 2: DEPOSIT: Deposit the TDS deducted every month by 7^th of next month.

Step 3: FILE : Last date to file your TDS statement for the quarter ended 31^st December, 2012 was 15^th January, 2012. Last date for filing return is 15^th day following the end of the quarter and another return is to be filed when the year closes.

STEP 4:  DOWNLOAD: It is mandatory to download the TDS certificate in Form 16A containing six character TDS certificate number from www.tdscpc.gov.in .

STEP 5: ISSUE : Issue the TDS certificate in Form 16A on income other than salary for quarter ended 31^st December, 2012 by 30^th January, 2013 (30^th April, 30^th July, 30^th Oct as the case may be.)

ALERT 1: QUOTE correct PAN of the deductees in your TDS statement so that the deductees may get their due tax credit.

ALERT 2: From 01.07.2012, delay in filing of TDS statements shall invite levy of fee of Rs. 200/- for each day of default not exceeding amount of tax deductible.

ALERT 3: NON-QUOTING of PAN  or TAN in TDS statements may lead to levy of penalty.

YOUR TAXES ………………….BUILD THE NATION

PAY  TAX ……………KARO RELAX