Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year.
The Central Board of Direct Taxes (CBDT), the top policy making body of the IT department, feels if more and more people pay their due taxes, the income tax burden of those already compliant could be gradually eased.
"We want that at least people who are earning taxable income, let them start filing returns. Because, even small payment of tax by a large number of people is a favourable thing and this currently constitutes our tax gap. As far as our understanding goes, after the studies which we got conducted, people who are not filing returns are people who are earning <g data-gr-id="28">income</g> of about Rs 4 lakh (per year).
They are the ones who are missing from over records as <g data-gr-id="26">filers</g>.
"Then we have people who are filing returns but they are understating their income. Our approach for them was different but now what we are talking about those small taxpayers in the tier-II and tier-III cities who have small income but they have taxable income. There are about 18-20 per cent people in this bracket who are missing," CBDT Chairperson Anita Kapur said. She said the taxman has begun approaching markets and resident welfare associations in large cities to convey the message that they should be paying proper taxes.