The Finance Ministry has come out with 'Saral-II', the new income tax returns form, that seeks to make tax filing easy on the assessee and gather information on TDS paid on salary and interest. The Saral-II, a two-page form, was mentioned by Finance Minister Pranab Mukherjee in his Budget speech for 2010-11. "This form will enable individuals to enter relevant details in a simple format in only two pages," he had said. Besides the usual columns to elicit details of income chargeable under the head salaries and pension, house property and other sources for calculating gross income, the form also includes columns to furnish details of Advance Tax and Self Assessment Tax Payments and transactions reported through Annual Information Return. The form can be downloaded from income tax department's website incometaxindia.gov.in.
