The IT department or the Income Tax department is an agency of the government. It has the responsibility of collecting direct tax. The Income Tax department works directly under the revenue department of the Ministry of Finance of the Government of India. The responsibility of the Income Tax department is of taking care of the everyday administration of taxes.
Income Tax Officer Salary: Overview
In India, the average national salary of the Income Tax Officer per month adds up to Rs 45,563/-. This is aligned with the responsibilities and duties of an Income Tax Officer.
The Indian Government has implemented the Income Tax Act, which imposes a tax on the earnings of the citizens of India. This tax is referred to as the Income Tax. Individuals are responsible for calculating their income, the tax that needs to be submitted for that income, providing proper documentation for all the calculations, and submitting the tax. All the documentation that the taxpayer provides is then scrutinized, and any discrepancy found must be resolved between the scrutinizing department and the individual.
The scrutinizing department assigned for checking an individual’s income details and tax payment details is the Income Tax department. The responsibility of the scrutiny is in the hands of the Income Tax Officers.
An Income Tax Officer is also responsible for determining the tax liabilities, conducting audits of businesses and individuals, and investigating any tax evasions.
The Income Tax department appoints the Income Tax Officer. The Income Tax Officer, also referred to as a Tax Specialist, handles tax-related matters of the Central Board of Direct Taxes.
It is the responsibility of the Income Tax Officer to examine carefully and then analyze both personal and business tax accounts and to ensure that the individuals and businesses are paying up all the tax that is due to the Government.
The individual who is an Income Tax Officer must have excellent and sharp analytical skills and a really high numeracy level. Both these qualities are important and a huge asset in finding out if any tax fraud is being carried out and investigating it thoroughly.
Several other Acts are enforced by the IT Officer and the Income Tax department. Some of these are the Black Money Act and the 1988 Benami Transactions (Prohibition) Act.
Even though the general hours of work for an Income Tax Officer are 9 AM to5 PM, when a raid or scrutiny or any other such task is underway, the timings could change.
Income Tax Officer Salary in India
The salary of an Income Tax Officer varies from city to city in India. The following table provides an idea of the salary of an Income Tax Officer.
Income Tax Officer Salary Breakup | |
Income Tax Officer Salary | Salary Per Month |
Basic Pay | Rs 44,900/- |
HRA | Rs 10,776/- |
DA | Rs 7,633/- |
TA | Rs 3,600/- |
DA on TA | Rs 612/- |
Gross Earning | Rs 67,521/- |
NPS Deduction (10%) | Rs 5,253/- |
CGHS | Rs 350/- |
CGEIS | Rs 30/- |
Total Deduction | Rs 5,633/- |
Net Earning | Rs 61,888/- |
Government Contribution | Rs 7,355/- |
Income Tax Officer Carrier Growth and Promotion Related Salary Increase
Several opportunities are available to an Income Tax Officer for rising up the ranks and for promotion and Growth.
The following table provides the Income Tax Officer Salary at different levels. The table shows the Highest Position First, all the way down to the Income Tax Officer.
Rank | Pay Scale (Per Month) |
Principal Chief Commissioner of IT | Rs 80,000/- |
Chief Commissioner | Rs 75,550/- to Rs 80,000/- |
Principal Commissioner | Rs 67,000/- to Rs 79,000/- |
Commissioner | Rs 37,400/- to Rs 67,000.00 Grade pay Rs 10,000/- |
Joint Commissioner | Rs 37400/- to Rs 67,000.00 Grade pay Rs 8,700/- |
Deputy Commissioner | Rs 15,600/- to Rs 39,100/- |
Assistant Commissioner | Rs 15,600/- to Rs 39,100.00 Grade pay Rs 5,400/- |
Income Tax Officer | Rs 9,300/- to Rs 34,800/- Grade pay Rs 4,800/-/ Rs 5,400/- |
Conclusion
Now that you know the salary of an Income Tax Officer, along with the tasks, duties, and responsibilities that come with the post and the salary, you must be in a better position to decide whether or not to choose this as your carrier. If you have analytical ability and high numeracy levels, you could opt for becoming an Income Tax Officer.
FAQ
The Income Tax Officer is part of the Income Tax department which is under the Ministry of Finance.
The Basic Pay of an Income Tax Officer is Rs 44,900/-.
Yes, there are several allowances associated with the post of Income Tax Officer, such as House Rent Allowance, Dearness Allowance, and Travel Allowance.
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