Live Breaking News & Updates on He Outlook For Fy 2022 23 Would Be Substantially Low Due To The New Way Of Calculating Turnover And Increased Trading Limit Tax Audits

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 ....

Suneel Dasari , More On Tax Consulting Services , Businesswire India , Tax Tech Startup , Income Tax Filing , Tax Optimiser , Tax Consulting , Tax Consultation , Tax Optimizer , Hyderabad Telangana India , Ovember 17 Ani Businesswire India Today , Eading Tax Tech Startup Eztax Released Income Filing , Ompliance Insights And Data Analytics For The Fy 2021 22 Tax Season At End Of Every , Ztax Doesa Yearly Review To Understand Tax Filing , Compliance Trends , Onduct Behaviour Analysis , Nd Provide Insights The Important Data Analytics And Include 1 Only 2 Per Cent Of Individual Taxpayers Chose New Tax Regime For Fy 2021 22 With Zero Investments Are Mostly Opting Number Who Will Choose Is Expected To Rise In Coming Years , S It Will Increase Take Home Pay 3 38 Per Cent Of The Taxpayer 39s Behaviour On Tax Savings Investments Is Slowly Moving Towards Self Control Rather Than Choices Given By Employer Or What Was In Salary Structure 4 Taxpayers Who Continued Their Loans , Nd Pf As Part Of Their Salary Structure , Re Opting For The Old Tax Regime Instead Of New Effective Rate Under , Fter All The Deductions , S Lower Than The Effective Tax Rate Under New Regime 5 Surprisingly , 1 Per Cent Of Taxpayers Employ No To Low Tax Planning And Savings Strategies 6 Where Taxable Income Exceeds Rs 5 Lakhs , A Little Tax Planning And Saving Investments Can Save An Average Of Rs 26 , 740 7 According To The Data , 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 ,