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Home » 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.

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Income Tax

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.

More >
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.

More >
IT team from Delhi raids MP's CM Kamalnath's close aides

IT team from Delhi raids MP's CM Kamalnath's close aides

Sun, Apr 07, 2019

A team of Income tax department from Delhi raids MP's CM Kamalnath's aides early this morning. Watch complete video to know more.

More >
Income Tax Department to use law to directly collect dues from bank accounts

Income Tax Department to use law to directly collect dues from bank accounts

Fri, Apr 05, 2019

Revenue officials are chasing huge tax collection deficit. To maximise collections by year end Income Tax Department will resort to deducting money directly from your bank account to fill a gap of thousands of crores.

More >
CBDT notifies income tax return forms for FY18-19

CBDT notifies income tax return forms for FY18-19

Fri, Apr 05, 2019

New income tax return forms for AY 2019-20 have been notified. The return forms ask for more information from the tax payers as compared to previous year. Watch this video to know more.

More >
Best Investment Schemes to Save Income Tax: From Mutual Funds to NPS, these are top options

Best Investment Schemes to Save Income Tax: From Mutual Funds to NPS, these are top options

Thu, Apr 04, 2019

Rs 5 lakh tax rebate is given under section 87A, where taxable amount will be only Rs 12,500. Apart from this, standard deduction was increased to Rs 50,000 from previous Rs 40,000. 

More >
Now, High-tech preparations to catch tax evasion

Now, High-tech preparations to catch tax evasion

Wed, Apr 03, 2019

IT Department caught the tax evasion of Rs.15 Crores through the help of satellite pictures from Ghaziabad.

More >
How to check if your PAN card is linked with Aadhaar card? Follow these steps

How to check if your PAN card is linked with Aadhaar card? Follow these steps

Tue, Apr 02, 2019

Recently, the Supreme Court upheld the validity of Section 139AA of the Income-Tax Act which makes it mandatory to link PAN card with Aadhaar card for filing I-T returns.

More >
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