INCOME TAX DEPARTMENT WARNS SALARIED TAXPAYERS AGAINST TAX EVASION BY UNDER-REPORTING INCOME The income tax department has warned salaried taxpayers against under-reporting income or inflating deductions/exemptions while filing income tax returns. In an advisory uploaded on the e-filing website today the tax department cautioned salaried taxpayers that such under-reporting / inflating deductions/exemptions is punishable under the Income Tax Act.