IF YOU PAY YOUR TAXES ON TIME, YOU MAY BE REWARDED SOON; DETAILS INSIDE

Paying your taxes on time and honesty may soon give you more than just a peace of mind. The Central Board of Direct Taxation (CBDT), the statutory government body that frames policies for the Income-Tax (I-T) Department is evaluating a report that might reward you.

The report currently being examined proposes to facilitate honest and consistent taxpayers by giving them a priority in availing public services such as airports and tax-related works on priority, a tax official told PTI.

The CBDT even formed a committee to look into the issue. It suggested giving precedence to honest taxpayers in availing public services at airports, railway stations and at highway toll plazas.

"A proposal is under consideration as to how we can benefit our honest taxpayers. It has been communicated by the finance minister in his budget speech that honest taxpayers will definitely be getting advantages from the I-T Department. A committee had been set up and it has given a report. "We are examining it," CBDT Chairman Sushil Chandra was quoted by PTI.

As per reports last month, the I-T department is mulling to empower the honest tax-payers may get "priority service" while using public services at airports, railway stations and at highway toll plazas.

*Originally published in Times Now*