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.
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.
Sat, Jul 04, 2020
LIC Policy: Money-making offer in this Life Insurance policy; start investing from Rs 110 per day in SIIP Plan
Fri, Jul 03, 2020
Wed, Jul 01, 2020
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.
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.
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.
Major move towards GST taxpayers' facilitation! SMS filing of NIL statement of FORM GSTR-1 from this date
Sun, Jun 28, 2020
Thu, Jun 25, 2020
The government on Wednesday (June 24) announced relief for taxpayers. Centre has extended the deadline for filing income-tax returns (ITR) for FY20 and FY 21. The new deadline for the fiscal year 2018-19 is July 31, 2020 while that for FY2019-20 is November 30, 2020.
Huge relief for taxpayers! ITR filing deadline extended till July 31, PAN-Aadhaar linkage till March 2021
Thu, Jun 25, 2020
The Central Board of Direct Taxes (CBDT) on Wednesday issued a notification to provide further relief to taxpayers by extending various time limits of compliances. The taxpayers will now have time to file ITR for FY 2018-19 (AY 2019-20) till July 31, 2020 while the due date for income tax return for the FY 2019-20 (AY 2020-21) has been extended to November 30, 2020.
Fri, Jun 19, 2020
Income Tax Saving options: The Government of India gave a major relaxation to taxpayers by extending the last day to file income tax returns till June 30. The decision came in the wake of COVID-19 outbreak and consequential nationwide lockdown.
Buying gold during Coronavirus rally? Know how much unaccounted yellow metal you can hold without informing the Income-Tax Dept
Thu, Jun 18, 2020
Income tax: Gold prices have made a huge rally on Coronavirus fears. In fact, if we go by the commodity experts' views, the yellow metal is further expected to hit Rs 50,000 per 10 gm levels by the end of 2020.
Tue, Jun 16, 2020
Developed by the NIC and supported by the Department of Administrative Reforms and Public Grievances (DARPG), the e-Office application aims to improve governance by automating the internal processes of handling files and taking decisions within the government.