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, 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
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.
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.
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.
Income Tax Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online
Sat, Apr 18, 2020
Wed, Apr 15, 2020
The Finance Ministry had last week 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 COVID-19 outbreak.
Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category
Tue, Apr 14, 2020
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.
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.