» 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.

Income Tax

Income Tax: ITR filing precautions - Full List | Late fee, penalty, punishment

Income Tax: ITR filing precautions - Full List | Late fee, penalty, punishment

Mon, Apr 29, 2019

Income Tax Return Filing season is here, and many of you must be planning to file ITR soon. So, here we bring you the full list of precautions which should be kept in mind and exercised while filing the return of income so as to avoid any penalty, extra charges and punishment. 

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How to check Income Tax Refund status online

How to check Income Tax Refund status online

Mon, Apr 29, 2019

Want to know the status of your Income Tax refund? You can do this easily in a few minutes.

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Want to pay taxes? Here’s how you can do it using ATM cum debit card via onlinesbi.com

Want to pay taxes? Here’s how you can do it using ATM cum debit card via onlinesbi.com

Mon, Apr 29, 2019

Here’s how you can pay taxes using ATM cum debit card or internet banking at SBI. It needs to be noted that, the guideline is given on SBI website for customers help. 

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Income Tax Return (ITR) filing: You can claim this amount on home loan, but on one condition

Income Tax Return (ITR) filing: You can claim this amount on home loan, but on one condition

Fri, Apr 26, 2019

A self-occupied property is referred as a property which is currently occupied by a taxpayer throughout the year for his residence. 

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Did you get Income Tax demand notice of Re 1 to Rs 99? No need to panic, here is what you must know

Did you get Income Tax demand notice of Re 1 to Rs 99? No need to panic, here is what you must know

Fri, Apr 26, 2019

Demand notices arrive at the end of Income Tax Return (ITR) filing, where you have communicated your income and income from other sources to Income Tax Department in ITR forms, followed by a final procedure for verification.

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Invested in mutual funds? This is how much tax you will have to pay on gains

Invested in mutual funds? This is how much tax you will have to pay on gains

Wed, Apr 24, 2019

The income tax deduction when it comes to capital gains through mutual funds depends on the time for which one stayed invested in the scheme.

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Are you a fresher? This is how you can save tax on salary

Are you a fresher? This is how you can save tax on salary

Wed, Apr 24, 2019

A CTC of an employee is derived with a host of factor such as gross salary, provident fund, tax slabs, compensations and allowances among others.

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Income tax commissioner can't take action against Taxpayers

Income tax commissioner can't take action against Taxpayers

Tue, Apr 23, 2019

Now income tax commissioner cant take action against Taxpayers for promotion. How ? Watch the report

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Money Guru: Know about new ITR form

Money Guru: Know about new ITR form

Tue, Apr 23, 2019

The new income tax return (ITR) forms for the assessment year 2019-20 come with a set of changes—essentially more detailed disclosures for taxpayers to contend with.

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Income Tax E Filing: Forgot your password? Here is what you need to do

Income Tax E Filing: Forgot your password? Here is what you need to do

Tue, Apr 23, 2019

The user can opt for either Aadhaar, DSC, E-filing OTP, Net Banking or a secret question to reset their password 

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How to become rich before this financial year ends? Check these 6 ways

How to become rich before this financial year ends? Check these 6 ways

Tue, Apr 23, 2019

The first month of the new financial year is set to end in a few days from now. Your chances of making more money in Finacial Year 2019-20 is becoming less with every passing day. However, if you take a few steps now, the chances of ending the year on a rich note would certainly increase.

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Will new Direct Tax Code bring back estate duty or inheritance tax? What we know so far

Will new Direct Tax Code bring back estate duty or inheritance tax? What we know so far

Tue, Apr 23, 2019

Direct Tax Code: Fearing estate duty, which is also known as inheritance tax or wealth tax, will be brought back in the new Direct Tax Code (DTC) being prepared by a panel?

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Income Tax New Form 16: What ITR AY 2019-20 filers must know - From changes to updates, all key details here

Income Tax New Form 16: What ITR AY 2019-20 filers must know - From changes to updates, all key details here

Tue, Apr 23, 2019

Income Tax Return filing for AY 2019-20: Ready to file Income Tax Return (ITR)? From the coming May 12, Form 16 will seek additional details from you.

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I-T department proposes new norms for taxing MNCs in India

I-T department proposes new norms for taxing MNCs in India

Fri, Apr 19, 2019

The income tax department on April 18 proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.

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Want financial freedom? MFs, income tax to insurance, here is how you can get it

Want financial freedom? MFs, income tax to insurance, here is how you can get it

Thu, Apr 18, 2019

Financial freedom is not something that will happen overnight, but it is very much possible for everyone. Even if you currently think it won’t happen, it definitely can - all it takes is a bit of discipline and a lot of patience.

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Make most of April: 5 compelling reasons to make income tax saving investment now

Make most of April: 5 compelling reasons to make income tax saving investment now

Tue, Apr 16, 2019

Doing everything in the last-minute is a habit of many individuals. However, when it comes to making an investment for income tax saving, the last-minute efforts may prove costly. 

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How DGARM, 360-degree profiling will make tax evasion nearly impossible

How DGARM, 360-degree profiling will make tax evasion nearly impossible

Fri, Apr 12, 2019

Directorate General of Analytics & Risk Management ( DGARM ) is the apex body of under CBIC. 

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PM Modi slams Congress on Income Tax raids

PM Modi slams Congress on Income Tax raids

Tue, Apr 09, 2019

PM Modi today addresses a rally in Latur where he slammed Congress on Income Tax raid. Watch this video to know more.

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New income tax returns (ITR) forms Alert!: 5 things you must check or do now

New income tax returns (ITR) forms Alert!: 5 things you must check or do now

Tue, Apr 09, 2019

The Income Tax Return (ITR) forms are notified every year by the Income Tax Department (ITD) after the end of every financial year. Continuing that procedure, the ITD has notified new ITR forms on April 1, 2019 incorporating some changes. The new form will be relevant for the FY 2019-20.

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CBDT issues new Income Tax Return forms, here are the details

CBDT issues new Income Tax Return forms, here are the details

Sun, Apr 07, 2019

As per the data available with CBDT, 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25 pre cent.

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