Awareness of Tax

All the countries of the world need different types of resources for their economic development,
and for welfare activities. For this country’s taxation policy, tax administration and its
mechanism seem to be most effective source for mobilizing the internal resources of the
country .The objective of the tax system is to make funds available for development activities.
Developing countries had several challenges in collecting of tax. The government fiscal
policy plays a vital role in increasing the rate of capital formation, resource mobilization, price
stability , and reduction in economic inequities and promotes the employment opportunity. This
in turn helps to achieve high rate of economic growth, tax policy being one of the major
instruments of fiscal policy. The main objectives are to collect the revenue and other objectives
to mobilize funds for economic development, establish of welfare state, and promote the equal
distribution system of income, production and consumption, creation of favourable environment
for employment, investment and control of illegal production and consumption. These are the
main determinants of economy. So, it is justifiable to conclude that taxation is the backbone of
countries economy.

Taxation is the most effective and popular tools reserved in the hand of government of a
country. The major objective of taxation is to make fund available for economic stability. It also
helps to equal distribution national income of the country. Generally tax is classified into two
types on the basis of tax payer's burden direct and indirect tax. The impact or the money
burden and the incidence are on the one and the same person direct tax like income tax,
property tax, vehicle tax etc. it play a vital role as compared to indirect tax. An indirect tax is a
form of tax imposed on one person but partially or wholly paid by another like VAT, excise duty,
import Export duty etc.

In general, tax can be defined as a levy or other type of financial charge or fee imposed by state
or central government on legal entities or individuals. It is a compulsory levy from individuals ,
households and firms to central or local government. It is a kind of money of which it is the legal
duty of every citizen of the country to pay honestly. It may be levied on income, property and
even at the time of purchasing a commodity. Tax is computed and paid as prescribed in the law.
If a person defies the tax payment, he may be punished in the court of law. A taxpayer is no ten
titled to compel the government, while paying taxes, to give something to him in return of the
amount he has paid.
 Tax planning helps in the reduction of tax amount and helps in utilizing the various reliefs, deductions,
exemptions and rebates as per the IT Act, 1961. Tax-saving is an important part of financial planning. Tax
planning is the process of analyzing a financial plan or a situation from a tax perspective. With the help
of tax planning, one can ensure that all elements of a financial plan can function together with maximum
tax efficiency. Tax Saving Instrument involves selection of the right kind of instruments / schemes with an
aim of maximizing returns. The decision regarding the type of instrument depends upon the risk taking
capabilities of individuals. Although there are various tax-saving instrument plans available in the
market. People often get confused about which plan best suits them. In order to make you choose the
best instrument plan for you depending on your risk appetite and preferences. The purpose of the study
is to know the awareness level and perception on the Tax saving instruments and to determine the tax-
saving instrument options which are preferred to save tax reason for preference of Instrument. This
study also aims to know the most suitable and popular tax saving instrument used by salaried
Individuals. Descriptive statistics used to analyze the data collected randomly through the 110
respondents from Bengaluru City. Both Primary and Secondary Data Used in this study. Data Collected
were analyzed by using frequency and percentages and findings are interpreted accordingly

Under the Constitution of India Central Government is empowered to levy tax on the income.
Accordingly, the Central Government has enacted the Income Tax Act, 1961. The Act provides for the
scope and machinery for levy of Income Tax in India. The Act is supported by Income Tax Rules, 1961 and
several other subordinate www.ijcrt.org © 2023 IJCRT | Volume 11, Issue 5 May 2023 | ISSN: 2320-2882
IJCRT2305307 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org c358 and
regulations. Besides, circulars and notifications are issued by the Central Board of Direct Taxes (CBDT)
and sometimes by the Ministry of Finance, Government of India dealing with various aspects of the levy
of Income tax. Unless otherwise stated, references to the sections will be the reference to the sections of
the Income Tax Act, 1961. Income tax is a tax on the total income of a person called the assesses of the
previous year relevant to the assessment year at the rates prescribed in the relevant Finance Act. Tax
planning means examining your financial situation with the goal of reducing tax liability. A tax plan works
to ensure that each financial element of a plan works together to reduce your total tax bill as much as
possible. Through tax planning, you can make contributions to retirement plans and instruments that
have the best impact on reducing your tax bill each year. Since retirement plans and instruments can
have a large effect on taxes owed, it’s important to consider these elements when you’re creating a tax
plan. There are a variety of methods by which, individuals or families falling in any tax bracket can reduce
their taxable income in the Indian tax system. These methods generally involve instruments in certain
types of tax saving instruments which allow for deductions under various sections of the Income Tax Act,
most notably Section 80C which covers a wide array of tax deductions. This provision in the act allows for
deduction on instruments of up to Rs. 1.5 lakh annually. While picking a method that suits your needs, it
is imperative to consider factors such as risk, liquidity and potential returns as well as the tax liability on
those returns. When returns on these instruments are also taxable, they restrict your ability to generate
wealth in the long term. Additionally, the tax benefits available on such instruments generally means
that their potential for returns higher than the market averages is low. Broadly speaking, here are a few
commonly types of tax saving methods in India: 1. Tax Saving I

Income Tax Act, 1961 governs the taxation of incomes generated within India and of
incomesgenerated by Indians overseas. This study aims at presenting a lucid yet simple
understanding of
taxation structure of an individual‟s income in India for the assess
ment year2019-20
Tax awareness is
essential part of the tax
planning for the
individual assesses.Income
taxtakes away major
chunks of hard earning
money of an assessee.As
every individual
assessee who has income
more than stipulated limit
described by income tax
law is liable to
pay tax. Therefore, it is
important to do tax
planning. For better tax
planning by individual,
awareness and knowledge
of the recent tax laws
and rules are inevitable.
Tax planning
doesn't mean not paying
taxes, it just means being
smart about where to
place money to
acquire maximum benefits
by individual
assessee.Here, an attempt
has been made to know

Investment planning

The project kicks off by demystifying your risk tolerance. This crucial element determines how
comfortable you are with potential losses – it's the bedrock of your investment decisions. We'll
guide you through assessing your risk profile, ensuring your investment strategy aligns perfectly
with your financial comfort level. With that foundation laid, we'll move on to defining your
aspirations. Is it a dream vacation in five years, a comfortable retirement in thirty, or a head start
on your child's education? Having clear financial goals serves as a compass, directing your
investment journey.

Finally, the project dives deep into the exciting world of investment vehicles. From the
established world of stocks and bonds to the dynamic landscape of mutual funds and ETFs, we'll
explore the full spectrum of options. We'll analyze each vehicle's risk-return profile and teach
you how to strategically select them based on your goals and risk tolerance. This empowers you
to build a robust investment portfolio, one that is well-diversified and primed for long-term
growth.

Throughout the project, you'll gain the knowledge and confidence to navigate the financial
landscape effectively. By the end, you'll be equipped with the tools and strategies necessary to
unlock your path to financial security and achieve your long-term aspirations.

Income Tax Act, 1961 is the guiding baseline for all the content in this
report and the tax savingtips provided herein are a result of analysis of
options available in current market. Every individualshould know that
tax planning in order to avail all the incentives provided by the
Government ofIndia under different statures is legal.This project covers
the basics of the Income Tax Act, 1961 as amended by the Finance Act
2019,and broadly presents the tax planning and tax saving options
provided under these laws.The finance act is responsible for laying down
the tax slabs that applies to taxpayer .1.

Income from salary2.

Income from house property3.

Income from business/profession4.

Capital gain5.

Income from other sourcesThese are the few important element

of income tax .
study of tax deductions
Tax deduction at source (TDS) is an instrument designed for quick and smooth collection of tax due to
the authorities from the taxpayer. The objective of TDS could be said, in general, to be maximization of
revenue collection while minimising the cost of collection.1 For example, it should be easier to deduct
tax from all employees by one employer than for the tax administration to collect from each individual
separately. This is so especially for wage and salary income; and this is why such income is subject to TDS
in a wide cross section of countries. The problem of tax evasion is a fundamental reason for expanding
the scope of TDS. Tax evasion is a universal phenomenon. It takes place in all societies, all social classes,
all professions, all industries, and all economic systems. It depends on the economic and tax structures,
types of income, and social attitudes. The economic theory of tax evasion has limitations since it rests
solely on attitudes towards risk, with full information regarding the tax administration’s behaviour. In
reality, the latter itself can vary, based on a well planned strategy or suffering from negligence or
selectiveis ethical p indulgence. Commonly, however, tax administration measures to
contain tax evasion include withholding (TDS), presumptive and minimum taxes, selective auditing,
penalties, and cross checks of returns filed by a taxpayer for different taxes such as the income tax and
the value added tax (Shome, 1992)
In India, Most people are ignorant of personal savings and investments. They want to save money or
they do not want to take financial risk, as they desire to achieve financial freedom. They do not have
financial management skills to enhance their saving through the tax planning and management. The
investment behavior of salaried class persons is restricted to certain financial literacy boundaries. The
employees are uniformed about different financial alternatives that may lead to tax saving and
investments accessible in the Indian financial market. Generally, the salaried class wants to invest at the
end of financial year so as to minimize their tax amount and they lack updated and new information of
financial planning and investments. That crafts the tax filing procedure as a trepidation nucleus. Salaried
people often falsely believe that they do not need any financial planning as their income and expenses
are regular. They presume that their savings automatically accumulate in the bank and do not require
any intrusion to maximize financial gains. But we believe that with some serious efforts and knowledge,
salaried people can save huge amount of money and increase their annual income by investing their
hard earned money in tax-efficient schemes. There is false conviction in the mindsets of salaried people
that they do not require any kind of investment planning as their earning and expenditure are fixed. The
salaried people assume that if they deposit their savings in the bank, the income may be increased so
they think that they do not need any intrusion to capitalize on financial gains Tax planning is the
fundamental ingredient of individual financial planning. The information about investment options
leading to tax saving is incomplete, widely spread and scattered in the market. It makes difficult for
investor to understand, compare and invest in different investment alternatives leading to tax saving in
the market. Therefore the tax planning becomes the topic of study as it will provide direction for
investment and shall study the investment behavior, pattern and attitude of salaried employees. The
employees feel that there will be no competitive advantage of using tax saving investment options. .Due
to cut throat competition in the financial market, the financial instruments such as home loans, tax
saving policies are sold by different financial companies. These financial companies include banks and
non banking financial companies. Hence employees are tackled by the representatives promoting home
loans and tax saving products. These representatives narrate interest rates, easy EMI, annual gains,
which employees are incapable to realize and authenticate.

E-Filing

E- Filing is the process of filling

your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
1.3 Review of Literature
Lai Ming Ling and Choong
Kwai Fatt (2008)’s “Electronic
Tax filing System:
Taxpayers ’Perspective” examines
the motivation to use e-filing and
the impediments from
taxpayers’ perspective. Majority
of the e-filers use e-filing for
the sake of convenience,
speed of filing and in fact to get
faster tax refund. This study has
implication for the tax
administrators to develop a better
user friendly e-filing system.
Azleen llia, and Mohd Zulkeflee
Abd Razak (2009) in their study
examined
taxpayers’ attitude in using e-filing
system. This study employs the
Technology Acceptance
Mode (TAM) to examine
taxpayers’ attitude in using e-
filing system. This study also
examines the relationship between
taxpayer, attitudes and perceived
usefulness, perceived
credibility. The result shows
significant differences among
experienced and non-
experienced taxpayers in handling
and learning e-filing system
Sujeet Kumar Sharma and Rajan
Yadav, (2011) have made study
an empirical
study on tax payer’s attitude
towards e-return filing in India.
The purpose of this paper is to
understand tax payer’s attitude
towards this new information
system. The paper is based
on the conceptual framework of
Technology Acceptance Model
(TAM) which has been
extended systematically to
accommodate some more
determinates to analyse tax
payer’s
attitude. In this information
communication technology era,
every government is required
to develop a reliable, fast and
customized channel for service
delivery under various e-
governance initiatives. The
study is a systematic attempt in
this direction to explore
customer acceptance of one such
input in the form of e-return filing.
Geetha R. and Sekar M. (2012) in
their paper titled “Awareness and
satisfaction
level of E-Filing individual tax
payers” mainly focuse on
assessing awareness and
An Empirical Study of Awareness of
e-Filing
Volume 02, Issue 03, Version I, Jul –
Sep’ 2015 52
satisfaction level of tax payers
about e-filing of income tax
returns. The survey was
conducted only in Coimbatore
city. This study reveals that the
existing users are satisfied
with the e-filing facilities but most
of the individual tax payers are not
aware of the e-filing
and e-payment procedures. So
sufficient steps are required to
create more awareness in the
minds of tax payers regarding e-
filing of income tax.
Meenal and Ginni Garg (2012) in
their study titled “E-filing of taxes:
A Research
Paper” analyses various
theoretical aspect of views on
users perception, technology
acceptance, and usage of e-filing
issues. It finds that primary
importance should be given to
security of private data of
customers, so that more and more
people e-file their ITRs.
Mikel Alla, Cand (2014)
investigated the “System of Tax
filing in Albania E-filing”.
This paper shows the importance
of the e-filing system for taxpayers
and tax administration
and the advantages and
disadvantages of this system.
Reasons for the implementation of
this system are numerous,
because of the facilities it
offers: transparency system,
saving
time, avoiding the tax evasion,
simplification of procedure, equal
treatment of taxpayers by
the tax authorities, etc.,
M. Krishna Moorty and Azni
Suhalily Binti Samuri (2014) have
studied the E-
filing behavior among academics
in Perk state Malaysia. This
study focuses on the Perk
state academics’ intention and
behavior to adopt e-filing tax
system. The findings show that
perceived usefulness, perceived
security, and perceived credibility
influence the Perk state
academics e-filing adoption
intention. However, perceived
service and information quality
has not influenced their e-filing
adoption intention.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
1.3 Review of Literature
Lai Ming Ling and Choong
Kwai Fatt (2008)’s “Electronic
Tax filing System:
Taxpayers ’Perspective” examines
the motivation to use e-filing and
the impediments from
taxpayers’ perspective. Majority
of the e-filers use e-filing for
the sake of convenience,
speed of filing and in fact to get
faster tax refund. This study has
implication for the tax
administrators to develop a better
user friendly e-filing system.
Azleen llia, and Mohd Zulkeflee
Abd Razak (2009) in their study
examined
taxpayers’ attitude in using e-filing
system. This study employs the
Technology Acceptance
Mode (TAM) to examine
taxpayers’ attitude in using e-
filing system. This study also
examines the relationship between
taxpayer, attitudes and perceived
usefulness, perceived
credibility. The result shows
significant differences among
experienced and non-
experienced taxpayers in handling
and learning e-filing system
Sujeet Kumar Sharma and Rajan
Yadav, (2011) have made study
an empirical
study on tax payer’s attitude
towards e-return filing in India.
The purpose of this paper is to
understand tax payer’s attitude
towards this new information
system. The paper is based
on the conceptual framework of
Technology Acceptance Model
(TAM) which has been
extended systematically to
accommodate some more
determinates to analyse tax
payer’s
attitude. In this information
communication technology era,
every government is required
to develop a reliable, fast and
customized channel for service
delivery under various e-
governance initiatives. The
study is a systematic attempt in
this direction to explore
customer acceptance of one such
input in the form of e-return filing.
Geetha R. and Sekar M. (2012) in
their paper titled “Awareness and
satisfaction
level of E-Filing individual tax
payers” mainly focuse on
assessing awareness and
An Empirical Study of Awareness of
e-Filing
Volume 02, Issue 03, Version I, Jul –
Sep’ 2015 52
satisfaction level of tax payers
about e-filing of income tax
returns. The survey was
conducted only in Coimbatore
city. This study reveals that the
existing users are satisfied
with the e-filing facilities but most
of the individual tax payers are not
aware of the e-filing
and e-payment procedures. So
sufficient steps are required to
create more awareness in the
minds of tax payers regarding e-
filing of income tax.
Meenal and Ginni Garg (2012) in
their study titled “E-filing of taxes:
A Research
Paper” analyses various
theoretical aspect of views on
users perception, technology
acceptance, and usage of e-filing
issues. It finds that primary
importance should be given to
security of private data of
customers, so that more and more
people e-file their ITRs.
Mikel Alla, Cand (2014)
investigated the “System of Tax
filing in Albania E-filing”.
This paper shows the importance
of the e-filing system for taxpayers
and tax administration
and the advantages and
disadvantages of this system.
Reasons for the implementation of
this system are numerous,
because of the facilities it
offers: transparency system,
saving
time, avoiding the tax evasion,
simplification of procedure, equal
treatment of taxpayers by
the tax authorities, etc.,
M. Krishna Moorty and Azni
Suhalily Binti Samuri (2014) have
studied the E-
filing behavior among academics
in Perk state Malaysia. This
study focuses on the Perk
state academics’ intention and
behavior to adopt e-filing tax
system. The findings show that
perceived usefulness, perceived
security, and perceived credibility
influence the Perk state
academics e-filing adoption
intention. However, perceived
service and information quality
has not influenced their e-filing
adoption intention.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
1.3 Review of Literature
Lai Ming Ling and Choong
Kwai Fatt (2008)’s “Electronic
Tax filing System:
Taxpayers ’Perspective” examines
the motivation to use e-filing and
the impediments from
taxpayers’ perspective. Majority
of the e-filers use e-filing for
the sake of convenience,
speed of filing and in fact to get
faster tax refund. This study has
implication for the tax
administrators to develop a better
user friendly e-filing system.
Azleen llia, and Mohd Zulkeflee
Abd Razak (2009) in their study
examined
taxpayers’ attitude in using e-filing
system. This study employs the
Technology Acceptance
Mode (TAM) to examine
taxpayers’ attitude in using e-
filing system. This study also
examines the relationship between
taxpayer, attitudes and perceived
usefulness, perceived
credibility. The result shows
significant differences among
experienced and non-
experienced taxpayers in handling
and learning e-filing system
Sujeet Kumar Sharma and Rajan
Yadav, (2011) have made study
an empirical
study on tax payer’s attitude
towards e-return filing in India.
The purpose of this paper is to
understand tax payer’s attitude
towards this new information
system. The paper is based
on the conceptual framework of
Technology Acceptance Model
(TAM) which has been
extended systematically to
accommodate some more
determinates to analyse tax
payer’s
attitude. In this information
communication technology era,
every government is required
to develop a reliable, fast and
customized channel for service
delivery under various e-
governance initiatives. The
study is a systematic attempt in
this direction to explore
customer acceptance of one such
input in the form of e-return filing.
Geetha R. and Sekar M. (2012) in
their paper titled “Awareness and
satisfaction
level of E-Filing individual tax
payers” mainly focuse on
assessing awareness and
An Empirical Study of Awareness of
e-Filing
Volume 02, Issue 03, Version I, Jul –
Sep’ 2015 52
satisfaction level of tax payers
about e-filing of income tax
returns. The survey was
conducted only in Coimbatore
city. This study reveals that the
existing users are satisfied
with the e-filing facilities but most
of the individual tax payers are not
aware of the e-filing
and e-payment procedures. So
sufficient steps are required to
create more awareness in the
minds of tax payers regarding e-
filing of income tax.
Meenal and Ginni Garg (2012) in
their study titled “E-filing of taxes:
A Research
Paper” analyses various
theoretical aspect of views on
users perception, technology
acceptance, and usage of e-filing
issues. It finds that primary
importance should be given to
security of private data of
customers, so that more and more
people e-file their ITRs.
Mikel Alla, Cand (2014)
investigated the “System of Tax
filing in Albania E-filing”.
This paper shows the importance
of the e-filing system for taxpayers
and tax administration
and the advantages and
disadvantages of this system.
Reasons for the implementation of
this system are numerous,
because of the facilities it
offers: transparency system,
saving
time, avoiding the tax evasion,
simplification of procedure, equal
treatment of taxpayers by
the tax authorities, etc.,
M. Krishna Moorty and Azni
Suhalily Binti Samuri (2014) have
studied the E-
filing behavior among academics
in Perk state Malaysia. This
study focuses on the Perk
state academics’ intention and
behavior to adopt e-filing tax
system. The findings show that
perceived usefulness, perceived
security, and perceived credibility
influence the Perk state
academics e-filing adoption
intention. However, perceived
service and information quality
has not influenced their e-filing
adoption intention.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
1.3 Review of Literature
Lai Ming Ling and Choong
Kwai Fatt (2008)’s “Electronic
Tax filing System:
Taxpayers ’Perspective” examines
the motivation to use e-filing and
the impediments from
taxpayers’ perspective. Majority
of the e-filers use e-filing for
the sake of convenience,
speed of filing and in fact to get
faster tax refund. This study has
implication for the tax
administrators to develop a better
user friendly e-filing system.
Azleen llia, and Mohd Zulkeflee
Abd Razak (2009) in their study
examined
taxpayers’ attitude in using e-filing
system. This study employs the
Technology Acceptance
Mode (TAM) to examine
taxpayers’ attitude in using e-
filing system. This study also
examines the relationship between
taxpayer, attitudes and perceived
usefulness, perceived
credibility. The result shows
significant differences among
experienced and non-
experienced taxpayers in handling
and learning e-filing system
Sujeet Kumar Sharma and Rajan
Yadav, (2011) have made study
an empirical
study on tax payer’s attitude
towards e-return filing in India.
The purpose of this paper is to
understand tax payer’s attitude
towards this new information
system. The paper is based
on the conceptual framework of
Technology Acceptance Model
(TAM) which has been
extended systematically to
accommodate some more
determinates to analyse tax
payer’s
attitude. In this information
communication technology era,
every government is required
to develop a reliable, fast and
customized channel for service
delivery under various e-
governance initiatives. The
study is a systematic attempt in
this direction to explore
customer acceptance of one such
input in the form of e-return filing.
Geetha R. and Sekar M. (2012) in
their paper titled “Awareness and
satisfaction
level of E-Filing individual tax
payers” mainly focuse on
assessing awareness and
An Empirical Study of Awareness of
e-Filing
Volume 02, Issue 03, Version I, Jul –
Sep’ 2015 52
satisfaction level of tax payers
about e-filing of income tax
returns. The survey was
conducted only in Coimbatore
city. This study reveals that the
existing users are satisfied
with the e-filing facilities but most
of the individual tax payers are not
aware of the e-filing
and e-payment procedures. So
sufficient steps are required to
create more awareness in the
minds of tax payers regarding e-
filing of income tax.
Meenal and Ginni Garg (2012) in
their study titled “E-filing of taxes:
A Research
Paper” analyses various
theoretical aspect of views on
users perception, technology
acceptance, and usage of e-filing
issues. It finds that primary
importance should be given to
security of private data of
customers, so that more and more
people e-file their ITRs.
Mikel Alla, Cand (2014)
investigated the “System of Tax
filing in Albania E-filing”.
This paper shows the importance
of the e-filing system for taxpayers
and tax administration
and the advantages and
disadvantages of this system.
Reasons for the implementation of
this system are numerous,
because of the facilities it
offers: transparency system,
saving
time, avoiding the tax evasion,
simplification of procedure, equal
treatment of taxpayers by
the tax authorities, etc.,
M. Krishna Moorty and Azni
Suhalily Binti Samuri (2014) have
studied the E-
filing behavior among academics
in Perk state Malaysia. This
study focuses on the Perk
state academics’ intention and
behavior to adopt e-filing tax
system. The findings show that
perceived usefulness, perceived
security, and perceived credibility
influence the Perk state
academics e-filing adoption
intention. However, perceived
service and information quality
has not influenced their e-filing
adoption intention.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
1.3 Review of Literature
Lai Ming Ling and Choong
Kwai Fatt (2008)’s “Electronic
Tax filing System:
Taxpayers ’Perspective” examines
the motivation to use e-filing and
the impediments from
taxpayers’ perspective. Majority
of the e-filers use e-filing for
the sake of convenience,
speed of filing and in fact to get
faster tax refund. This study has
implication for the tax
administrators to develop a better
user friendly e-filing system.
Azleen llia, and Mohd Zulkeflee
Abd Razak (2009) in their study
examined
taxpayers’ attitude in using e-filing
system. This study employs the
Technology Acceptance
Mode (TAM) to examine
taxpayers’ attitude in using e-
filing system. This study also
examines the relationship between
taxpayer, attitudes and perceived
usefulness, perceived
credibility. The result shows
significant differences among
experienced and non-
experienced taxpayers in handling
and learning e-filing system
Sujeet Kumar Sharma and Rajan
Yadav, (2011) have made study
an empirical
study on tax payer’s attitude
towards e-return filing in India.
The purpose of this paper is to
understand tax payer’s attitude
towards this new information
system. The paper is based
on the conceptual framework of
Technology Acceptance Model
(TAM) which has been
extended systematically to
accommodate some more
determinates to analyse tax
payer’s
attitude. In this information
communication technology era,
every government is required
to develop a reliable, fast and
customized channel for service
delivery under various e-
governance initiatives. The
study is a systematic attempt in
this direction to explore
customer acceptance of one such
input in the form of e-return filing.
Geetha R. and Sekar M. (2012) in
their paper titled “Awareness and
satisfaction
level of E-Filing individual tax
payers” mainly focuse on
assessing awareness and
An Empirical Study of Awareness of
e-Filing
Volume 02, Issue 03, Version I, Jul –
Sep’ 2015 52
satisfaction level of tax payers
about e-filing of income tax
returns. The survey was
conducted only in Coimbatore
city. This study reveals that the
existing users are satisfied
with the e-filing facilities but most
of the individual tax payers are not
aware of the e-filing
and e-payment procedures. So
sufficient steps are required to
create more awareness in the
minds of tax payers regarding e-
filing of income tax.
Meenal and Ginni Garg (2012) in
their study titled “E-filing of taxes:
A Research
Paper” analyses various
theoretical aspect of views on
users perception, technology
acceptance, and usage of e-filing
issues. It finds that primary
importance should be given to
security of private data of
customers, so that more and more
people e-file their ITRs.
Mikel Alla, Cand (2014)
investigated the “System of Tax
filing in Albania E-filing”.
This paper shows the importance
of the e-filing system for taxpayers
and tax administration
and the advantages and
disadvantages of this system.
Reasons for the implementation of
this system are numerous,
because of the facilities it
offers: transparency system,
saving
time, avoiding the tax evasion,
simplification of procedure, equal
treatment of taxpayers by
the tax authorities, etc.,
M. Krishna Moorty and Azni
Suhalily Binti Samuri (2014) have
studied the E-
filing behavior among academics
in Perk state Malaysia. This
study focuses on the Perk
state academics’ intention and
behavior to adopt e-filing tax
system. The findings show that
perceived usefulness, perceived
security, and perceived credibility
influence the Perk state
academics e-filing adoption
intention. However, perceived
service and information quality
has not influenced their e-filing
adoption intention.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
E- Filing is the process of filling
your tax documents through
internet with the help
of softwares or by registering
yourself to the income tax website.
In India, e-filing of income
tax was introduced in
September, 2004, initially on a
voluntary usage basis for all
categories of income tax
assesses. But from July, 2006, it
was made mandatory for all
corporate firms to e-file their
income tax returns. Taking this
process further, from
assessment year 2007 to 2008,
e-filing of income tax return was
made mandatory for all
companies and from 2013
individuals having more than INR
10 lakh income are mandate
for filling income tax online.
Links

Awaewness of tax

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1833259#:~:text=Income%20Tax%20Department%20aims%20to,through
%20games%2C%20puzzles%20and%20comics&text=Moving%20beyond%20text%20based%20literature,'learn%20by
%20play'%20methods.

https://www.incometax.gov.in/iec/foportal/

https://nadt.gov.in/BannerPage.aspx

https://www.investindia.gov.in/taxation

Income tax deduction

https://www.researchgate.net/publication/378482059_A_study_of_Income_Tax_Deduction_Awareness_E-
Filing_of_Tax_Return_with_Special_Reference_to_Salaried_Class_Tax_Payers_of_Pune_city

https://www.researchgate.net/publication/
353234739_A_Study_on_Efficient_Tax_Saving_Management_through_Different_Tax_Deduction_in_the_Old_Regime_and_Com
parative_Analysis_between_Old_Tax_Regime_and_New_Tax_Regime

https://www.researchgate.net/publication/
378871323_STUDY_ON_TAX_PLANNING_STRATEGIES_AMONG_THE_SALARIED_PEOPLE

https://www.scribd.com/document/580322025/awareness-of-tax-saving