Get appreciation certificate for the tax you pay
Q. Which of the following is correct match of category and tax paid?
1) Platinum - Tax contributed Rs. 10 Crore and above
2) Silver - Tax contributed Rs. 10Lakh to Rs.50 Lakh
3) Bronze - Tax contributed Rs. 1Lakh to Rs.10 Lakh- Published on 20 Sep 16a. 1, 2
b. 2, 3
c. 1, 3
d. All of the above
ANSWER: 2, 3
CBDT will be sending out such certificates of appreciation to individual tax payers by e-mail in various categories on the basis of the level of taxes paid by them for the current Assessment Year 2016-17 where taxes have been paid in full and tax payers have no outstanding tax liabilities and where the return is e-filed within the prescribed due date. The tax payers may display these certificates in their homes / offices. The categories for individual taxpayers and the number of certificates being issued in the first round are:
- Platinum - Tax contributed Rs. 1 Crore and above
- Gold - Tax contributed Rs. 50Lakh to Rs. 1 Crore
- Silver - Tax contributed Rs. 10Lakh to Rs.50 Lakh
- Bronze - Tax contributed Rs. 1Lakh to Rs.10 Lakh
While it is widely acknowledged that the Nation meets its obligations towards spending in various social sector and welfare schemes and infrastructure development out of revenues mobilized through tax payments by millions of honest tax payers, this step marks the first effort by the Government to directly communicate to the tax payer its appreciation for that contribution.
