Income Tax

Every person who works in India has to pay taxes if their income is over a certain limit.

The regulations governing tax can be changed each year during the financial budget introduced by the government of India in the Winter Session. The financial year ends on March 31 and tax returns are filed after this date. The information from your Payment Summary needs to be included on your tax return, along with any deductions claimable. You must have proof of deductions that you claim. Depending on your income and the amount of tax already paid, you may receive a refund or a tax bill.