When it comes to income tax service in India there are some rules and regulations which we need to follow. Apart from the simple calculation here we need to keep an eye where an assessee is liable to pay a certain amount towards tax.This amount is based on the income/salary earned by individuals. Tax is a compulsory financial charging which every responsible citizen needs to pay. It is a certain amount that is being charged as per the salary of an individual. The tax collected by the state or central government is further being used towards the financial needs of the country like those of infrastructure, development, arms and ammunition. In short, if we cover why there is a need for you to deposit tax then- A tax is known as one of the mandatory contributions of a citizen as an entity to the state as per the rules and regulations. It is one of the spent by the nation for the benefit of other people. There are two types of tax • Direct and indirect Direct tax further consists of (income, capital gains, indirect taxes) and on the other hand Indirect taxes have ( Sales, Services Value added (VAT), Custom duty). Different Benefits Of ITR Filling Are- Now you must be wondering you are contributing a certain amount to the government, how can it be beneficial to you in return? If you are wondering so then there are various benefits which as an individual you can get. Some of those are- • You can be helpful towards the visa process • If you want to apply for a loan in future then you need to show the details of ITR. • If you want to withdraw any insurance then you can be helpful towards it as well. To make sure that you are aware of all of the tax benefits or various income tax services in India then you need to connect with experts. The experts will help you to make aware of all the necessary documentation processes, guidance towards the filing of taxes. Consulting a leading firm/experts can help you to know different financial or tax-related services. To this DMC global is one of your prime stops. We have a team of professionals who can assist you towards compliance and how can you be benefited from investments as well. The income tax of the department of India lays down the rules that are associated with the income tax.The department is a part of the revenue department and is headed by the ministry of finance of the government of India. The department is responsible for collecting data from the public which ensures to serve the country future needs. Also, the calculation of the income tax is yet another important step that tells how much amount an assessee needs to be paid. There is an age factor that will determine how much amount needs to be paid. Senior citizens will have yet another slab which will help to know their part. Being a responsible citizen we need to understand the importance of income tax services in India and to which slab an individual belongs. According to the slab a person has to pay a certain amount to the state or central government. This in turn will help you to take certain benefits which is present under ITR.