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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

Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Tue, Apr 14, 2020

Auto Loan Calculator: If your are going to file Income Tax Return (ITR), then it is advisable to nurture all possible tax-saving options as a penny saved is penny earned.

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Income Tax: CBDT issues important circular clarifying TDS process  - Taxpayers alert!

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Tue, Apr 14, 2020

In a major development, CBDT has issued a circular clarifying the process of exercising of option by a taxpayer with regard to deduction of tax at source (TDS).

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Alert for taxpayers seeking revision of lower withholding tax

Alert for taxpayers seeking revision of lower withholding tax

Sun, Apr 12, 2020

According to a report in news agency IANS, businesses seeking lower TDS/TCS (tax deduction at source /tax collected at source) for FY21 in view of the impact of Covid-19 outbreak on business will have to apply afresh with the income tax department and wait for its order. Such application for lower withholding tax rate will not get extension of any previous order (for FY20) for a period of three months till June 30, 2020, the report added.

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Taxpayers alert! Income Tax Department has very important message for you - Don't do this!

Taxpayers alert! Income Tax Department has very important message for you - Don't do this!

Thu, Apr 09, 2020

The Income Tax Department of Government of India has issued an important advisory to alert taxpayers.

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Huge relief for Income Tax payers! Pending refunds up to Rs 5 lakhs to be released immediately

Huge relief for Income Tax payers! Pending refunds up to Rs 5 lakhs to be released immediately

Thu, Apr 09, 2020

Giving a huge relief to income tax payers, the Income Tax Department has decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately. This move is aimed at providing immediate relief to the business entities and individuals.

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Income Tax Refund: Big relief for 14 lakh taxpayers, others! Rs 18,000 crore to be refunded

Income Tax Refund: Big relief for 14 lakh taxpayers, others! Rs 18,000 crore to be refunded

Thu, Apr 09, 2020

Income Tax Refund: In the wake of Coronavirus lockdown, Narendra Modi has decided to issue all pending income-tax refunds upto Rs 5 lakh & GST/Custom refunds with immediate effect.

More >
Income Tax Calculator: Know your money outgo from zeebiz.com

Income Tax Calculator: Know your money outgo from zeebiz.com

Wed, Apr 08, 2020

The Financial Year 2019-20 has already ended and Financial Year 2020-21 has begun. Now, it's the time when we all need Income Tax Calculator to know what will be our money outgo amount. 

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Income Tax: This is what Modi government wants from you -  Open to suggestions!

Income Tax: This is what Modi government wants from you - Open to suggestions!

Tue, Apr 07, 2020

If you think your suggestions for tax regime can help Modi government to implement 'Vivad Se Vishwas' scheme in a better manner for the development of India,  then Central Board of Direct Taxes (CBDT) Chairman P C Mody chief has an important development for you.

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Huge Corona relief for taxpayers! Income Tax Department extends TDS, TCS certificate submission deadline to 30th June 2020

Huge Corona relief for taxpayers! Income Tax Department extends TDS, TCS certificate submission deadline to 30th June 2020

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In a bid to provide relief to the earning individual who had no tax liability but facing TDS deduction by banks and other institutions, Income Tax Department has increased the deadline for Form 15G and Form 15H submission date till 30th June 2020. 

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Income Tax Calculator: Want to save money while filing ITR? Top 10 tax-saving investments other than Section 80C that can help you

Income Tax Calculator: Want to save money while filing ITR? Top 10 tax-saving investments other than Section 80C that can help you

Sat, Apr 04, 2020

Income Tax Calculator: When it comes to paying taxes, we all give our best to reduce our tax liability for each financial year.

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Income Tax Calculator: From today, Income Tax Department provides double benefit for taxpayers; see how you can benefit

Income Tax Calculator: From today, Income Tax Department provides double benefit for taxpayers; see how you can benefit

Wed, Apr 01, 2020

Income Tax Calculator: Income tax is 100 per cent exempted under PM CARES Fund 80G deduction law, say tax and investment experts.

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Coronavirus Donations: Gave money to PM CARES Fund? You will get this big benefit

Coronavirus Donations: Gave money to PM CARES Fund? You will get this big benefit

Wed, Apr 01, 2020

Are you among those who donated money to PM CARES Fund in times of coronavirus crisis? 

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Income Tax Alert! Filing ITR online? Ensure e-verification before logging out; step by step guide

Income Tax Alert! Filing ITR online? Ensure e-verification before logging out; step by step guide

Sat, Mar 28, 2020

Income Tax Return e-filing: The last date for income tax return filing has been extended by three months to 30th June 2020. 

More >
Alert! Three Month Tax Saving Exercise: PPF, loans, insurance to education, top investment options for taxpayers

Alert! Three Month Tax Saving Exercise: PPF, loans, insurance to education, top investment options for taxpayers

Sat, Mar 28, 2020

Income Tax Alert: The government has extended the tax filing deadline until June 30, 2020. Now, taxpayers have time to complete their tax-saving exercise for Financial Year 2019-20. 

More >
Planning to opt for new income tax slabs 2020? You can still claim this NPS account benefit

Planning to opt for new income tax slabs 2020? You can still claim this NPS account benefit

Thu, Mar 26, 2020

Income Tax Calculator: The Government of India has extended the income tax return filing by three months to 30th June 2020.

More >
Changes required in Income Tax law to benefit homebuyers; check what experts think

Changes required in Income Tax law to benefit homebuyers; check what experts think

Wed, Mar 25, 2020

With prices of houses increasing and the huge amount of EMIs to be serviced, it is logical and rational that the government carve out the deduction for home loan repayment from Section 80C of the Income Tax Act.

More >
Yet again, Finance Minister pays heed to Zee Business Managing Editor Anil Singhvi's call, extends ITR filing deadline

Yet again, Finance Minister pays heed to Zee Business Managing Editor Anil Singhvi's call, extends ITR filing deadline

Tue, Mar 24, 2020

Yet again, the Central government has put its stamp of approval on Zee Business Managing Editor Anil Singhvi's call! This was a demand to extend the deadline for filing Income Tax Returns (ITR) by 3 months. Today, FM Nirmala Sitharaman has made this critically important announcement today

More >
Huge relief for citizens! Government extends many important deadlines – Check full list here

Huge relief for citizens! Government extends many important deadlines – Check full list here

Tue, Mar 24, 2020

The Modi government gave huge relief to citizens on Monday afternoon by extending deadlines for completion of several important tasks including the last date to file income tax returns or even PAN-Aadhaar card linking.

More >
Coronavirus: Big ATM cash, minimum balance, Income Tax, GST, PAN, Aadhaar announcements made by Modi government- All details here

Coronavirus: Big ATM cash, minimum balance, Income Tax, GST, PAN, Aadhaar announcements made by Modi government- All details here

Tue, Mar 24, 2020

Coronavirus outbreak: From ATM cash, minimum balance, Income Tax, GST Return, PAN, Aadhaar, IBC, and corporate affairs, here are key announcements:-

More >
Vivad se Vishwas scheme deadline extended till June 30, no additional 10 pct payment required

Vivad se Vishwas scheme deadline extended till June 30, no additional 10 pct payment required

Tue, Mar 24, 2020

The government on Monday ordered the extension of Vivad Se Vishwas Scheme along with a number of other changes in the deadlines of several other schemes.

More >
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