Well, there are two types of taxes in India, they are Direct Tax and Indirect Tax. Income Tax is a direct tax, which is directly paid by the taxpayer to the government. Everyone who earns or receives an income must pay Income Tax, it is mandatory for every citizen of India and NRIs as well. Taxpayer’s income is divided into different tax brackets or tax slabs and accordingly, the taxpayers will have to pay their income tax depending on the Tax Slab the fall in. In order to Deposit Income Tax, the taxpayers will have to Efile income tax return or IT return by logging into the official Government website, before the due date that is 31st July 2018.
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