As you might be aware, every person who is having income more than Rs.2,50,000 is bound to file his/her returnThis includes the Government Servants also. However, the data of returns filed indicate that more than 50% ofthe Government Servants at Chennai are not filing their income tax returns.I hope ,you will agree that as government servants, we should abide by laws and to be role models to the common citizens of our country. If we, Government servants ourselves are violating law by not filing our income tax returns, we don't have any moral right to blame other sections of society!
From this year l.e Assessment Year 2018-19 onwards, the Parliament has amended the Income Tax Act by introducing a new section 234F for imposing late fee on every person who is not filing his/her return of income within the due date. For salaried employees, the due date is 31-07-2018. This means all the salaried employees have to file their returns of income for the Financial Year 2017-18 (Assessment Year 2018-19) on or before 31-07-2018. Otherwise they all mandatorily have to pay late fee amounting between Rs.1,OOOto Rs.10,OOOas per the provisions of Section 234. Also, a penaJty of Rs5,000 be imposed under section 271fon them. In be prosecuted under section 276 CC of the IncomeTax Act for jailtermsvarying between thre emonthstoseven years.
It may please be noted that these provisions are applicable to all the persons having gross income (excluding dF'~'Jctions) above RS;,2,50,000/-.It is understood that many persons who are claiming deductions under section etc. (on GPF Housing loan are under the impression that they need not file the return as their net income is below taxable limit and no TDS is deducted from their salary.
Therefore, I request you to kindly intimate and advice all the employees to whom the gross salary paid in the last ls more than Rs.2,5O,OOO to me that all the incomes earned by an employee such as rental income (including subletting of house/s), interest incomes, dividend from Co-operative societies and all such incomes should be declared in their returns of income. later, if found to have
omitted any such incomes, they are liable for separate penalty and prosecution for concealing those incomes.
A-copyof trrl5 1ater may be handed over toeachofYOllfemp~ees whO'-draw their salary thmugh you.You may also discuss this issue with the Head of your Office/Department and request him/her to issue a circular to all the employees to file their return of income well in time.
In case of any clarification or suggestions, you may please contact the following Officers: Joint Commissioner
Income Tax e-Filing of Returns by every Government Servant
From this year l.e Assessment Year 2018-19 onwards, the Parliament has amended the Income Tax Act by introducing a new section 234F for imposing late fee on every person who is not filing his/her return of income within the due date. For salaried employees, the due date is 31-07-2018. This means all the salaried employees have to file their returns of income for the Financial Year 2017-18 (Assessment Year 2018-19) on or before 31-07-2018. Otherwise they all mandatorily have to pay late fee amounting between Rs.1,OOOto Rs.10,OOOas per the provisions of Section 234. Also, a penaJty of Rs5,000 be imposed under section 271fon them. In be prosecuted under section 276 CC of the IncomeTax Act for jailtermsvarying between thre emonthstoseven years.
It may please be noted that these provisions are applicable to all the persons having gross income (excluding dF'~'Jctions) above RS;,2,50,000/-.It is understood that many persons who are claiming deductions under section etc. (on GPF Housing loan are under the impression that they need not file the return as their net income is below taxable limit and no TDS is deducted from their salary.
Therefore, I request you to kindly intimate and advice all the employees to whom the gross salary paid in the last ls more than Rs.2,5O,OOO to me that all the incomes earned by an employee such as rental income (including subletting of house/s), interest incomes, dividend from Co-operative societies and all such incomes should be declared in their returns of income. later, if found to have
omitted any such incomes, they are liable for separate penalty and prosecution for concealing those incomes.
A-copyof trrl5 1ater may be handed over toeachofYOllfemp~ees whO'-draw their salary thmugh you.You may also discuss this issue with the Head of your Office/Department and request him/her to issue a circular to all the employees to file their return of income well in time.
In case of any clarification or suggestions, you may please contact the following Officers: Joint Commissioner
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