Income Tax: Taxpayers taking advantage of tax exemption should be careful, these orders have been issued to income tax officers..

There is a rule in the country that after a certain income, people have to pay tax on their income. Here, money plays an important role in running the country. It is also known as direct tax. Although every citizen pays tax, but it is an indirect tax. On the other hand, those who earn good money are directly taxed.

How much income is taxed

Till now, income up to Rs 7 lakh was out of the scope of tax in the country. But, a new rule has come into force from this financial year, under which tax is not payable on income up to Rs 12 lakh. For this, different percentages of tax are levied on different incomes, for which slabs are made.

There are also provisions for many types of exemptions.

There are provisions for many types of exemptions in income tax by the Income Tax Department. But many people also try to take undue advantage of the exemption. On which the Income Tax Department is now going to be more strict.

The central government has started taking strict steps to increase direct tax collection in the current financial year 2025-26. Clear instructions have been issued to the income tax officers by the Central Board of Direct Taxes regarding this. Therefore, taxpayers need to be careful.

Instructions to keep a close watch

Instructions have been given by the Income Tax Department to keep a close watch on the major taxpayers who deposit advance tax. The officers will take care of any kind of fake tax exemption and deduction.

The Central Action Plan released

The Central Action Plan has been released by the Income Tax Department on behalf of the CBDT. It will work as a guideline for the entire financial year. The instructions explain how to improve tax collection and which areas should be given special attention.

The government has set this target.

The government has set a target of raising Rs 25.20 lakh crore as direct tax in the financial year 2025-26. This will include corporate and personal tax. The target is to collect Rs 10.82 lakh crore as corporate tax, while Rs 13.60 lakh crore is to be collected for personal tax. There are also targets for STT. The target is to collect Rs 78,000 crore for STT (Securities Transaction Tax).

The department missed the target earlier.

Earlier in the financial year 2024-25, the government had slightly missed the target. The government's target was set at Rs 22.37 lakh crore. Whereas only Rs 22.26 lakh crore tax could be collected.

However, an increase of 13.57 percent was registered from the previous financial year. The Income Tax Department will identify area-wise where tax collection is decreasing and action will also be taken against them after seeing such negative trends.

This is the plan of the Income Tax Department.

The Income Tax Department plans to collect more tax through strategy. This will also stop fake exemptions and wrong claims. This will not cause loss to the country's revenue. For this, big taxpayers will be closely monitored. Therefore, all taxpayers need to be cautious about the ways of getting improper exemptions.

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