The Income Tax department is sending out thank you notes- did you get one?
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The
The certificate is signed by
Even though it comes with a barcode at the bottom, it does not entitle you to any benefit but it does make a distinction between how much an individual has paid in taxes during the last financial year. A majority of those who receive the certificate are in the bronze category, "contributing" between Rs 1 lakh and 10 lakh and those who have paid Rs 10-50 lakh have been put in the silver category.
A contribution of Rs 50 lakh to Rs 1 crore will be in the
The certificates are sent to taxpayers who have cleared their entire liability and have no outstanding tax liabilities and had filed their returns electronically in the prescribed time by July 31. This year the deadline had been extended by five days.
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