Bits, Bytes, And Taxes: The It Professional's Perspective

Abstract

This study investigates the taxation perspectives of Indian IT professionals, including their independent tax return filing experiences, their reasons for non-compliance, obstacles that they face, and reliance on consultants. This study aims to provide comprehensive information to educators and legislators who wish to improve tax literacy and speed up the filing process in this ever-changing business world. Using a descriptive study design and a sample of 74 respondents in the Ernakulam District, we were able to determine that 30% of respondents learned about tax filing from peers, highlighting the importance of social circles, and only 5.4% of respondents came from government channels, suggesting areas in need of further outreach. Most respondents (32.4%) said that they seek help from tax consultants due to ongoing challenges, especially in the area of tax computation. Our recommendations include incorporating tax planning into curricula, setting up interactive workshops, and using social media to launch focused awareness campaigns.