Income Tax Calculator
This is an income tax calculator to calculate income tax returns filing for the current year. You can use this free income tax calculator to figure out your income tax.
'How to file income tax' is on everyone's mind and we bring you a simple income tax calculator to figure out how much income tax you have to file during your income tax returns filing for the current assessment year.
This income tax calculator also provides latest income tax slabs based on your income and takes into account your various incomes and deductions that are available to you in Income tax Act. Income Tax has to be filed by every individual who earns more than Rs 2.5 lakh in an assessment year. You will need your Form 16 from your company in order to file your Income Tax Returns. One can fill Income Tax online.
Income Tax
Want PAN card? That too instant? Here is how you can apply for it online - Check the step-by-step guide
Tue, Jul 14, 2020
The instant PAN applicant is required to access the e-filing website of the Income Tax Department (www.incometaxindiaefiling.gov.in)to provide her/his valid Aadhaar number
More >
Gold Bond Scheme: Buy yellow metal, claim income tax exemption too, but there is a catch!
Thu, Jul 09, 2020
Gold Bond Scheme: Gold price on the MCX is currently trading at Rs 49,256 per 10 gm levels while if we add near Rs 2,000 premium into it, then the retail gold price in the Indian Sarafa Bazaar will be around Rs 51,000 per 10 gm.
More >
Good news for government employees! Now, you can save more income tax; here is how
Thu, Jul 09, 2020
There is good news for government employees as they can now save more tax. Earlier this week, the government had issued a notification, announcing more income tax benefits on NPS Tier II account. The central government through a gazette notification dated July 7, 2020, has introduced the National Pension Scheme Tier II- Tax Saver Scheme, 2020.
More >
Income-Tax Department amends TDS Form; how it will impact you
Mon, Jul 06, 2020
The Central Board of Direct Taxes (CBDT), though a notification, has amended the IT rules and included TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals among others.
More >
Big relief for income tax payers! Department extends due date for this to 31st July
Sat, Jul 04, 2020
In a bid to provide relief to income tax payers who had to file their TDS and TCS statement by 30th June 2020, the Income-Tax Department has extended the deadline to 31st July 2020 for FY2019-20.
More >
LIC Policy: Money-making offer in this Life Insurance policy; start investing from Rs 110 per day in SIIP Plan
Fri, Jul 03, 2020
LIC SIIP Plan: The LIC of India has various offers for an earning individual. Its offer ranges from purely insurance plans to investment-oriented ULIP plans as well.
More >
Gratuity Tax Calculator: You can easily calculate tax liability on gratuity income - Here is how
Wed, Jul 01, 2020
If you have received a gratuity income from your company and want to know the tax liability on it, here is how you can do it easily. Your gratuity money is an income and is therefore taxable
More >
Income Tax Slab: Alert! Don't make a mistake! Here is what taxpayers must do under new rules
Tue, Jun 30, 2020
Income Tax Slab: In Budget 2020, FM Sitharaman gave income taxpayers an option to either choose the old income tax slab and get benefits of Section 80C tax exemption or opt for a new income tax slab without these benefits.
More >
SMS filing of NIL statement of FORM GSTR-1: How to do it? How to track status? Step by step guide is here
Mon, Jun 29, 2020
The facility of SMS filing of NIL statement of FORM GSTR-1 is going to start from 1st week of July 2020. GST taxpayers with NIL outward supplies would not be required to log on to the GST Portal and would be able to file their NIL statement in FORM GSTR-1 through just an SMS.
More >
Big relief to taxpayers! Government allows this under new income tax regime
Mon, Jun 29, 2020
Providing a major relief to salaried taxpayers, the Central Board of Direct Taxes (CBDT) has said that under the new income tax regime, employees can claim tax exemption on conveyance allowance received from their employers.
More >
