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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
Salaried employee? Five things you should know about Income Tax
Fri, Jun 07, 2019
Income Tax Return for FY 2019-20: The deadline for filing Income Tax Return (ITR) is approaching fast. If you are a salaried employee, you would have to file the income tax return (ITR) before the deadline to avoid penalty.
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New deadlines for Form 16, TDS statement 2019: Important dates, details taxpayers should know
Wed, Jun 05, 2019
In a relief to employers, the Income Tax department has extended the deadline for issuing Form 16 TDS certificate for the financial year 2018-19 to employees. In a recent decision, the I-T department has extended this deadline by 25
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Alert! Got Income Tax department notice? Here is why it must have happened - Check what you must do
Tue, Jun 04, 2019
Soon after taking charge after retaining power post general elections 2019, the newly elected Narendra Modi government started its crackdown with renewed vigour on tax evasion and money laundering through data analysis to help detect overstated Goods & Services Tax (GST) claims and their mismatches with income tax returns.
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Paying Income tax? You may get a chance to have tea with PM Modi, Sitharaman
Mon, Jun 03, 2019
The government may reward the top taxpayers of the country with a rather unexpected reward - an invitation to tea with Prime Minister Narendra or newly-appointed Finance Minister of India Nirmala Sitharaman!
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PAN card alert! CBDT issued this important notification - Must know to save Rs 10k penalty
Fri, May 31, 2019
Any resident entities that have made financial transactions worth Rs 2.5 lakh or more in the last fiscal need to apply for a PAN card on or before May 31, according to a notification issued by CBDT last year.
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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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