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Home » Income Tax Calculator

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.

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Income Tax

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Paisa Wasool: If you want to save Income Tax in addition with what you have saved through Section 80C, then you must know about these 5 Sections of Income Tax. All Details Here:-

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Thu, Jun 16, 2022

Net tax collections for the first quarter of the fiscal year that started on April 1, 2022, have soared to 52 percent following a strong uptick in collections. Advance tax collection including corporate and individuals increased by approximately 49 percent in comparison of last year in same quarter

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Income Tax is now engaged in the investigation of the alleged front running case in Axis Mutual Fund. The IT department is probing the assets and tax filings of the accused fund managers. It is being told that the accused fund managers have not given the property information in the tax filing. Watch this special report of Zee Business Tarun Sharma.

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The Indian Ministry of Finance will clarify doubts on the applicability of new tax deducted at source (TDS) provision regarding benefits or perquisites received in a business or profession, a PTI report said on Wednesday quoting a senior tax official

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Wealth Guide: Akshaya Tritiya Special - Planning to invest in gold? Know these taxation rules of Physical Gold, Sovereign Gold Bonds and more

Wealth Guide: Akshaya Tritiya Special - Planning to invest in gold? Know these taxation rules of Physical Gold, Sovereign Gold Bonds and more

Fri, Apr 29, 2022

Wealth Guide - Akshaya Tritiya Special: The investor should know about the tax liabilities related to gold investment. 

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What is Hindu Undivided Family (HUF) and its tax benefits?

What is Hindu Undivided Family (HUF) and its tax benefits?

Tue, Apr 19, 2022

Forming an HUF can provide you a lot of tax benefits when it comes to tax assessments. But what exactly is Hindu Undivided Family (HUF) and what are the tax benefits associated with it? Here is all you need to know...

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GST: How to generate e-invoice? Step-by-step guide from expert - Mandatory from Apr 1, 2022 for businesses with turnover of over Rs 20 crore

GST: How to generate e-invoice? Step-by-step guide from expert - Mandatory from Apr 1, 2022 for businesses with turnover of over Rs 20 crore

Thu, Apr 14, 2022

"Every eligible business must follow the steps given above strictly to avoid penal consequences." 

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Income Tax: Refunds worth Rs 1.93 lakh cr issued to over 2.26 crore taxpayers

Income Tax: Refunds worth Rs 1.93 lakh cr issued to over 2.26 crore taxpayers

Thu, Mar 24, 2022

This includes 1.85 crore refunds of 2020-21, AY2021-22, amounting to Rs 38,447.27 crore.

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Did you know that your PAN is NOT a randomly generated number? Here's what each character of PAN denotes

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Wed, Mar 23, 2022

Did you know that your PAN is not a randomly generated number? Here is how your Permanent Account Number is created and the meaning behind each and every character. Watch the video for more.

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​Reforms in I-T dept, 'strengthening' of economy led to record tax collections: CBDT chairman JB Mohapatra

​Reforms in I-T dept, 'strengthening' of economy led to record tax collections: CBDT chairman JB Mohapatra

Sat, Mar 19, 2022

He said apprehensions about the state of the economy, battered by the COVID-19 spread, were belied as it "did so well and the corporates came out so well (in paying taxes)" during the current financial year 2021-22.

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Lagnam Spintex deposits MAT of Rs 7.05 cr

Lagnam Spintex deposits MAT of Rs 7.05 cr

Thu, Mar 17, 2022

India's collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a 41 per cent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections.

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Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

Wed, Mar 16, 2022

The income tax department on Wednesday said income tax refunds worth over Rs 1.92 lakh crore have been issued to more than 2.24 crore taxpayers so far this fiscal.

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Wealth Guide: Income Tax - These insurance policies can help in saving taxes

Wealth Guide: Income Tax - These insurance policies can help in saving taxes

Wed, Mar 16, 2022

Most people are unaware of the fact that insurance policies can also help in saving taxes. Moreover, with the rising healthcare cost, everyone requires sufficient insurance cover or medical coverage.

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Invest In These Tax-Saving Schemes Before March 31 To Save Tax

Invest In These Tax-Saving Schemes Before March 31 To Save Tax

Wed, Mar 09, 2022

The last date for filing Income Tax Return is just around the corner. However, you can still invest in some financial instruments that will help you save tax. You can invest in these tax-saving schemes before March 31, 2022.

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Wealth Guide: Women Investors planning your taxes! 4 tips you must keep in mind

Wealth Guide: Women Investors planning your taxes! 4 tips you must keep in mind

Tue, Mar 08, 2022

A Smart woman always takes a smart step, especially when it is about investment. They spend well on certain things and ignore the unnecessary things. Presently, the attitude of women investors is truly aligned with the male investors in the country, Amit Gupta, Managing Director at SAG Infotech said

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Filed Your Income Tax Return But Didn't Get The Full Refund Amount? Here's What You Can Do

Filed Your Income Tax Return But Didn't Get The Full Refund Amount? Here's What You Can Do

Mon, Mar 07, 2022

Filed your ITR but did not get the full refund amount? Here is what you need to do. Watch the full video for a step-by-step procedure.

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Wealth Guide: 8 simple income tax hacks to help you save more money in taxes

Wealth Guide: 8 simple income tax hacks to help you save more money in taxes

Fri, Mar 04, 2022

Saving taxes are crucial to one's financial planning as it increases your income when done right. 

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Money Guru: What are Exchange Traded Funds?

Money Guru: What are Exchange Traded Funds?

Mon, Feb 28, 2022

In this episode of Money Guru, know how to make money in the ups and downs of the market?

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Income Tax cautions public not to fall prey to fake job appointment letters - Advises to check ssc.nic.in, incometaxindia.gov.in

Income Tax cautions public not to fall prey to fake job appointment letters - Advises to check ssc.nic.in, incometaxindia.gov.in

Tue, Feb 22, 2022

 "Income Tax Department cautions the public not to fall prey to fraudulent persons misleading job-aspirants by issuing fake appointment letters for joining the Department."

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Wealth Guide: Income Tax-saving instruments – How ELSS and NPS help you save more money

Wealth Guide: Income Tax-saving instruments – How ELSS and NPS help you save more money

Thu, Feb 17, 2022

Over the years these tax-saving vehicles have performed as well as many investment instruments in terms of returns and have contributed to wealth creation

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