Live Breaking News & Updates on Axpayers Who Began Trading During Covid 19 Are Less Inclined To Trade And More Focused On Investing In Soft Markets 8 While The Number Of Tax Audit Cases Increased For Fy 2021 22

Hyderabad (Telangana) [India], November 17 (ANI/BusinessWire India): Today, leading Tax Tech Startup EZTax released Income Tax Filing, Compliance insights and data analytics for the FY 2021-22 tax season. At the end of every tax season, EZTax does a yearly review to understand tax filing, compliance trends, conduct behaviour analysis, and provide insights. The important data analytics and insights include 1. Only 2.1 per cent of individual taxpayers chose the new tax regime for FY 2021-22. 2. Taxpayers with zero investments are mostly opting for the new tax regime. The number of taxpayers who will choose the new tax regime is expected to rise in the coming years, as it will increase take-home pay. 3. 38 per cent of the taxpayer's behaviour on tax savings investments is slowly moving towards self-control rather than the choices given by the employer or what was in the salary structure. 4. Taxpayers who continued their home loans, HRA, and PF as part of their salary structure, are op ....

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