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.
Fri, Nov 13, 2020
Finance Minister Nirmala Sitharaman on Thursday announced several measures to provide relief to different sectors in the COVID-19 hit economy. One of the most significant announcement came in the form of relaxations in income tax rules to allow sale of primary residential units of up to Rs 2 crore value below the circle rate.
Sat, Nov 07, 2020
The Income Tax (I-T) department has carried out searches at five locations in Chennai and Madurai in the case of a Chennai-based group operating in the IT Infrastructure sector. The search on November 4 had led to unearthing of evidence related to investments in a Singapore registered company.
Sat, Nov 07, 2020
Finance Minister Nirmala Sitharaman on Friday said increased digitisation will help in making better assessment of the country's economic growth and nudged tax practitioners to suggest their clients to shift towards digital modes of payments.
Tax raids on 66 premises of self-styled evangelist in Kerala; Rs 6 cr unaccounted cash seized by I-T dept
Fri, Nov 06, 2020
The Income-Tax department has carried out search and seizure operations on Thursday at premises of a self-styled evangelist of Thiruvalla in Kerala and his group of various trusts, the department said in a press release
Wed, Oct 28, 2020
Vivad Se Vishwas Scheme: The government on Tuesday extended the deadline for making payment under the direct tax dispute settlement scheme ‘Vivad Se Vishwas’. This is the third time the date has been extended. The new deadline is now March 31, 2021
Mon, Oct 26, 2020
Income Tax Return AY 2020-21: Giving a big relief to taxpayers, the Income-Tax (I-T) Department extended the last date for filing of individual Income Tax returns (ITRs) for FY 2019-20 or Assessment Year (AY) 2020-21 by another month till December 31.
Wed, Oct 07, 2020
Income Tax Return filing: Are you one of those opting for the new income tax regime? Then, there is a new form that you need to fill. The Central Board of Direct Taxes (CBDT) notified a new form to be filled by those opting for the new tax regime for financial year 2020-21.
ITR Last Date: CBDT again extends last date for Income Tax Return filing for AY 2019-20; check new deadline
Wed, Sep 30, 2020
ITR Last Date: CBDT has once again extended the deadline for Income Tax Return (ITR) filing for the Assessment year or AY 2019-20. The new deadline for the ITR filing for AY 2019-20 is 30th November 2020.
Big announcement by Finance Ministry on scrip-wise reporting of shares in Income Tax returns - What it means for stock market, traders
Mon, Sep 28, 2020