Only 45% of PAN card holders in Madurai pay tax, says Madurai CCIT Sanjay Rai

Chief Commissioner of Income Tax in Madurai, Sanjay Rai, revealed that out of the 10 to 12 lakhs PAN card holders in the city, only 45% pay taxes, highlighting a disparity between the tax-paying population and the country's overall growth in taxpayers. He emphasized the importance of taxes in driving the nation's development, citing various public amenities funded by tax revenues. \r

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Rai urged taxpayers to adapt to the evolving technology in the IT department, encouraging regular monitoring of registered mail IDs for departmental communications. He stressed the significance of promptly responding to such correspondence as it may contain crucial information requiring immediate attention. Rai advised taxpayers to refer to their Annual Information Statement to ensure accuracy in tax filings. \r

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T. Vasanthan, Principal Commissioner of Income Tax, mentioned the introduction of facilities like faceless assessment and appeal to ease taxpayer burdens. He highlighted multiple payment modes and the advantage of online transactions, allowing scheduled payments to prevent missing deadlines. N. Jegatheesan, President of TN Chamber, requested the establishment of an Income Tax Appellate Tribunal bench in Madurai to facilitate easier access for taxpayers in the Southern region.