Benefits of Filing Income Tax Return by Deadline

Employers deduct TDS from employee’s salary and deposit it to the tax authorities against employee’s PAN. But there are many cases when employers deduct the amount from employee’s salary but don't deposit it to the IT Department. In such cases, employees turn out to be the sole loser and face trouble in getting their rightful refunds. Even some wait for years to get their refund back due to this malpractice. However, Central Board of Direct Taxes (CBDT) is more vigilant on this year long malpractice tradition and has announced that any company that does not comply with the rules will have to pay a heavy penalty ReadMore