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.
Income Tax
ITR filing: CBDT amends Form 15H of Income-tax Rules 1962; senior citizens to benefit
Sat, May 25, 2019
The Central Board of Direct Taxes (CBDT) has recently revised the norms related to Form 15 H, which is applicable to persons aged above 60 years. The new rule will consider the provision of Section 87A, according to CBDT notification.
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Income tax return: This is how tax is calculated on returns from mutual fund SWP
Wed, May 22, 2019
While Systematic Investment Plans (SIPs) are being used by investors to build a corpus in a planned manner, Systematic Withdrawal Plans or SWPs can be used to redeem their investment from a mutual fund scheme in a phased manner. It allows you to withdraw money in installments, unlike the lumpsum withdrawals.
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Money Guru: What is TDS? Why it is deducted from salary? Here is what every tax payer should know
Tue, May 21, 2019
It's a must-watch video for tax payers. This video will act as a knowledge guide for you to understand - What is TDS? Why it is deducted from your salary? Why your employer deducts it and for what purpose? Here is everything you need to know about TDS (Tax Deducted at Source).
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ITR alert! How to avoid Income Tax Return rejection - Check PAN and Aadhaar Card linkage process through SMS
Thu, May 16, 2019
ITR rejection can be averted. Send SMS in 'UIDPAN<12 Digit Aadhaar> <10 Digit PAN>' format to either 567678 or 56161 from your mobile number registered with your Aadhaar Card.
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Income Tax deduction can be claimed on insurance premium paid for children: Keep these things in mind to ensure it is not rejected
Thu, May 16, 2019
Driven by the aspirations of youth and improved lifestyle, the cost of living is increasing by the day. Parents have to consider many additional expenses like higher education, medical costs and recreational expenses while doing financial planning for their children.
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Tax alert! Got a notice from Income-Tax dept? This is what you should do now
Wed, May 15, 2019
It may be quite alarming at the outset, but the first thought that should come to your mind after receiving a notice from the Income-Tax department is to keep calm. There is a common belief that any official document received from the I-T department should be a reason to worry and this makes the situation worse.
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DPIIT proposes relaxation in income tax law to help start-ups raise funds
Sun, May 05, 2019
"Start-up promoters presently need to hold 100 per cent shares for carrying forward of losses. The requirement needs to be reduced to 26 per cent, as it will encourage new investors to invest in start-ups," they said.
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