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
Now get an SMS alert on your TDS deduction
Tue, Oct 25, 2016
The Ministry of Finance said, "This initiative will initially benefit approximately 2.5 crore salaried cases. The CBDT will soon extend this facility to another 4.4 crore non-salaried taxpayers. The frequency of SMS alerts will be increased, once the process for filing TDS returns is streamlined to receive such information on a real-time basis."
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With three days to go, Income Declaration Scheme may not reap desired results
Wed, Sep 28, 2016
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won`t be pursued by the authorities if they pay a penalty now to clear their name.
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![Income Tax Dept to be "open" till midnight on Sept 30](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2016/09/27/7574-counting-rupeereuters2.JPG?itok=qSh2j6SL&c=67f311cb886514f2eca2468e96e87153 "Income Tax Dept to be "open" till midnight on Sept 30")
Middle class families scared of Income Tax authorities, I will change that: PM Modi
Mon, Aug 15, 2016
Prime Minister Modi said in the last 60 years, 14 crore people were given gas connections, while the present government provided gas connections to over four crore people in 60 weeks."We have connected 70 crore Indians to Aadhaar and social security schemes. We are working to bring in social change. In such a short span of time we have built two crore toilets. Over 70,000 villages are free from open-defecation," he added.
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India's tax collections for the current year shoot up smartly
Wed, Aug 10, 2016
Direct tax collections, or corporate and income tax rose by over 24%, at Rs 1.59 lakh crore upto July 2016. "Till July, 2016, 18.82%of the Budget Estimates of direct taxes for FY 2016-17 has been achieved," the statement said.
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Income Tax dept seizes undisclosed assets worth Rs 1,400 crore from 990 assessees
Tue, Aug 09, 2016
Undisclosed assets worth Rs 1,474 crore was seized by the Income Tax Department from 990 assessee groups in the past two years. Total amount of undisclosed income by assessees was Rs 21,354 crore.
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Income Tax Department raids Muthoot Capital Services office
Sun, Aug 07, 2016
The search proceedings commenced at 0915 hrs and were closed at 1915 hrs, as finally concluded. The company has provided full cooperation to them and have furnished all explanation, information and clarification required by them, it added.
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