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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

PF Withdrawal: This EPFO rule will help you save additional income tax

PF Withdrawal: This EPFO rule will help you save additional income tax

Wed, May 13, 2020

PF Withdrawal: On Provident Fund investments, income taxpayer is given tax exemption on investment, interest earned and the maturity amount. 

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Salaried person? Have PF account? Paying income tax? New announcements by Modi government

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Income Tax deadline ALERT: FM Nirmala Sitharaman extends ITR filing, Vivad Se Viswas last dates

Income Tax deadline ALERT: FM Nirmala Sitharaman extends ITR filing, Vivad Se Viswas last dates

Wed, May 13, 2020

Income Tax deadline Alert: Giving relief to the income tax payers amid Coronavirus lockdown, Finance Minister Nirmala Sithaman has extended the deadline for Income Tax Return (ITR) filing from 30th June 2020 to 30th November 2020.

More >
Made mistake while filing income tax returns? This is what you can do

Made mistake while filing income tax returns? This is what you can do

Mon, May 04, 2020

Filing income tax returns is the most difficult job ever, especially if you are the kind that likes to delay it to the last moment! Then there are those who do it every year yet cannot remember the process. The confusion can often lead to mistakes while filing income tax.

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Income tax calculator: Old tax slabs or new ones in times of Coronavirus? Just do it this way

Income tax calculator: Old tax slabs or new ones in times of Coronavirus? Just do it this way

Mon, May 04, 2020

Government has introduced a new optional personal income tax regime for individual / HUF taxpayers through the Finance Act, 2020 . Such personal tax regime has been incorporated in the Income Tax Act, 1961 by way of section 115BAC applicable from financial year 2020-21.

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Income Tax payers alert! Waiting for refund? Must not ignore this warning from I-T department

Income Tax payers alert! Waiting for refund? Must not ignore this warning from I-T department

Sun, May 03, 2020

On April 8, the finance ministry said it will fast-track issuance of pending income tax refunds up to Rs 5 lakh which will benefit around 14 lakh taxpayers, to provide relief to individuals and businesses hit by the COVID-19 outbreak. 

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PPF Calculator: Money earning opportunity post-retirement! Turn Rs 100pd into Rs 3.86 lakh per annum - tax free! Do this

PPF Calculator: Money earning opportunity post-retirement! Turn Rs 100pd into Rs 3.86 lakh per annum - tax free! Do this

Fri, May 01, 2020

PPF Calculator: Earning a salary is not enough. If you want more money, then you will have to do this and it will ensure wealth keeps flowing non-stop in your bank account! 

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Income Tax Calculator: Know your tax liabilities for better financial planning

Income Tax Calculator: Know your tax liabilities for better financial planning

Wed, Apr 29, 2020

Income tax can be calculated online. You can find a number of websites where you can do this. You can also do that on the Income Tax Department Website

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LTA Exemption: Rules that you must know before claiming income tax filing benefits

LTA Exemption: Rules that you must know before claiming income tax filing benefits

Wed, Apr 29, 2020

LTA Exemption Rules: The LTA benefit can be claimed by you when you are proceeding to any place in India either on holidays or on your retirement or termination.

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Income Tax: Opting for old tax slabs? Here are 5 options beyond Section 80C that will help you save money

Income Tax: Opting for old tax slabs? Here are 5 options beyond Section 80C that will help you save money

Wed, Apr 29, 2020

Finance Minister Nirmala Sitharaman during her Union Budget speech earlier this year announced a new tax regime for India with lower tax rates but no exemptions. She however cleared that those who want to stick to the old income tax slabs can continue to opt for the various benefits listed there.

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Income Tax Return: How to claim home loan tax rebate in this husband-wife situation

Income Tax Return: How to claim home loan tax rebate in this husband-wife situation

Tue, Apr 28, 2020

Income tax benefits for joint home loans are available under Section 24(b) for interest paid and under Section 80C for the principal repayment, subject to certain conditions.

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Income Tax Department rejects report suggesting higher income tax on super-rich

Income Tax Department rejects report suggesting higher income tax on super-rich

Mon, Apr 27, 2020

Income Tax Department has rejected a report by a team of Indian Revenue Services (IRS) officers suggesting the government to hike income tax rates for super-rich and a higher levy on foreign companies as a short term measure to deal with cash issues amid the coronavirus crisis

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Facing money crunch? EPF withdrawal, PPF, Sukanya Yojana to EMI moratorium, 5 top steps that will help you fight crisis

Facing money crunch? EPF withdrawal, PPF, Sukanya Yojana to EMI moratorium, 5 top steps that will help you fight crisis

Wed, Apr 22, 2020

Lockdown in India:  From EPF withdrawal, EMI moratorium to delay in insurance premium payments, there are various ways Narendra Modi government has allowed through which the public can still continue sourcing money.

More >
Income Tax Refund: CBDT reacts to social media posts, says emails meant for faster refund

Income Tax Refund: CBDT reacts to social media posts, says emails meant for faster refund

Wed, Apr 22, 2020

Income Tax Refund: Email seeking clarification from all those who are entitled to get tax refund but also have outstanding tax to payment cannot be misconstrued as harassment.

More >
Paying very heavy amount as Income Tax? Relief for you may come soon

Paying very heavy amount as Income Tax? Relief for you may come soon

Tue, Apr 21, 2020

Now taxpayers who have refunds in excess of Rs 5 lakh may also be provided relief and the process could be initiated this week.

More >
How to save Income Tax through SBI Tax Saving Scheme - EXPLAINED

How to save Income Tax through SBI Tax Saving Scheme - EXPLAINED

Tue, Apr 21, 2020

Who doesn't want to save Income Tax! But, in order to save our hard-earned money, we must choose tax-saving scheme wisely so that we can get benefit while filing income tax returns.

More >
Filing income tax returns? Here is how you can maximise your claims

Filing income tax returns? Here is how you can maximise your claims

Tue, Apr 21, 2020

The government has extended the deadline for filing income tax returns to June 30, in the wake of the ongoing coronavirus outbreak. If you are filing income tax returns in the coming days, you should look to maximise returns by availing benefits under different sections of the income tax.

More >
Income Tax payers alert! New ITR forms to be released soon; here is what you should know

Income Tax payers alert! New ITR forms to be released soon; here is what you should know

Mon, Apr 20, 2020

Income tax payers will soon have access to revised income tax return (ITR) forms for the assessment year 2020-21 due to the coronavirus pandemic. The government had pushed the last date to file income tax returns till June 30 in the wake of current situation.

More >
Income Tax payers alert! Here is what CBDT is doing so that you can avail these benefits

Income Tax payers alert! Here is what CBDT is doing so that you can avail these benefits

Sun, Apr 19, 2020

In a major development, CBDT is revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19.

More >
Income Tax Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online

Income Tax Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online

Sat, Apr 18, 2020

Income Tax Refund: The CBDT reiterated its request that in around 1.74 lakh cases, responses are awaited from taxpayers regarding reconciliation with their outstanding tax demand.

More >
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