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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

From LIC to Income Tax to Home, Auto, Personal Loan Rates, these 6 big developments may impact you from today

From LIC to Income Tax to Home, Auto, Personal Loan Rates, these 6 big developments may impact you from today

Fri, Mar 01, 2019

LIC, Income Tax and Home Loan, Auto Loans Rates Latest Updates: Significant changes in connection to income tax, bank and election-related matters have come into effect from today. From March 1, six rules that concern the common man has been changed.

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Income Tax payer? ALERT! Do this or you won't get refund this year after ITR filing

Income Tax payer? ALERT! Do this or you won't get refund this year after ITR filing

Fri, Mar 01, 2019

Income Tax Refund: Weeks after CBDT chairman Sushil Chandra warned that the Income Tax department may consider to cancel the PAN cards of those who fail to link it with Aadhaar card before March 31 deadline, the taxman has said that it will only issue refunds via the e-mode into bank accounts of taxpayers beginning next month.

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Do this now to get Income Tax refund on time

Do this now to get Income Tax refund on time

Thu, Feb 28, 2019

Income Tax E-Filing Refund: Come March, the Income-tax department will only issue e-refunds but only to those who have linked their PAN with the bank account. 

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No Income Tax refund, if you don't do this

No Income Tax refund, if you don't do this

Thu, Feb 28, 2019

The Income Tax Department will "only" issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest public communication. 

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ALERT! Still haven't linked PAN card with Aadhaar card? Income Tax dept lends helping hand as last date looms

ALERT! Still haven't linked PAN card with Aadhaar card? Income Tax dept lends helping hand as last date looms

Tue, Feb 26, 2019

As an alert to taxpayers, the Income Tax department has already announced that the last date to link PAN card with Aadhaar card is March 31. It must be done to file income tax return (ITR).

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Income Tax for AY 2019-20: Got an expensive gift? Keep a documentary proof; here's why

Income Tax for AY 2019-20: Got an expensive gift? Keep a documentary proof; here's why

Sat, Feb 23, 2019

Income Tax On Gift: We often receive cash or jewellery as a gift from relatives on special occasions like marriage or birthdays. 

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Decoded: Very interesting! Your PAN card has a deep meaning - Know what it is

Decoded: Very interesting! Your PAN card has a deep meaning - Know what it is

Thu, Feb 21, 2019

Fourth  character of the PAN card gives information about the cardholder while the fifth character is  first  letter of the surname if it belongs to an individual

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Income Tax return filing alert! Top trick to minimise tax liability

Income Tax return filing alert! Top trick to minimise tax liability

Wed, Feb 20, 2019

Tax and investment experts are of the opinion that it's better to give tax and get better returns than to get conservative returns to avoid income tax. ELSS plans fit into this category.

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How to save Income Tax: HRA calculation made easy with this tool - Get answers of all your queries

How to save Income Tax: HRA calculation made easy with this tool - Get answers of all your queries

Wed, Feb 20, 2019

Income Tax Calculator: The current Financial Year is about to end in a month. With this, most of the salaried individuals are also concerned about how to save income tax. If you see your salary slip, you will find a major portion of your salary is categorised under House Rent Allowance (HRA).

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Money Guru: How you can get more tax benefit while taking joint home loan

Money Guru: How you can get more tax benefit while taking joint home loan

Tue, Feb 19, 2019

In this edition of Money Guru, know how you can get more tax benefit while taking joint home loan. Watch the video to know more.

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Salaried or self employed tax exemption in your PF, HRA, LTA, special allowances and much more

Salaried or self employed tax exemption in your PF, HRA, LTA, special allowances and much more

Mon, Feb 18, 2019

Currently, Income tax rates for salaried employee below 60 years of age - stands NIL on below Rs 2.5 lakh income, 5% between Rs 2.5 lakh to Rs 5 lakh income, 20% between Rs 5 lakh and Rs 10 lakh income and 30% above Rs 10 lakh income.

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Income Tax Return filing 2019: Know your tax calendar, three important dates approaching fast

Income Tax Return filing 2019: Know your tax calendar, three important dates approaching fast

Sat, Feb 16, 2019

Income Tax Return filing 2019: While you prepare to file your income tax return, you should also keep in mind the important dates. 

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Income Tax: Rise in suspicious refund claims ring alarm bells! What I-T department is planning to nail fraudsters

Income Tax: Rise in suspicious refund claims ring alarm bells! What I-T department is planning to nail fraudsters

Wed, Feb 13, 2019

The Income Tax department has initiated scrutiny of as many as 20,874 refund claims for 2018-19 and action will be taken against persons found to be involved in any malpractices. 

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Income tax refund claims: Beware, crackdown launched

Income tax refund claims: Beware, crackdown launched

Wed, Feb 13, 2019

Income tax refund claims: Suspicious income tax refund claims have gone up in last three years and scrutiny assessments have been initiated against taxpayers claiming high refunds inconsistent with the pattern of income and investments, Parliament was informed Tuesday. 

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Income-Tax dept, in major black money crackdown, detects Rs 18,000 cr bogus billing scam

Income-Tax dept, in major black money crackdown, detects Rs 18,000 cr bogus billing scam

Tue, Feb 12, 2019

In a major crackdown on black money and hawala transactions, the Income Tax (IT) Department has detected Rs 18,000 crore bogus billings in the national capital, officials said on Monday. 

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Income Tax hack: How to save money beyond Rs 1.5 lakh limit of Section 80C

Income Tax hack: How to save money beyond Rs 1.5 lakh limit of Section 80C

Mon, Feb 11, 2019

Income Tax planning can be a pain. There is no denying the fact that millions of Indians fail to plan their taxes in advance and end up paying a large part of their hard earned money to the taxman.

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Government employee? Check how much tax you will have to pay on gratuity

Government employee? Check how much tax you will have to pay on gratuity

Mon, Feb 11, 2019

The Payment of Gratuity has been in effect since March 2018, and is an important social security legislation to wage earning population in industries, factories and establishments.

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When to invest in income tax saving schemes to get best returns

When to invest in income tax saving schemes to get best returns

Sat, Feb 09, 2019

The Income Tax proposals announced in Interim Budget 2018 has provided a big opportunity to middle-class taxpayers to make the most of their hard-earned money.

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Income Tax Return (ITR) filing: Did you not file? Know exactly how much penalty you will have to pay

Income Tax Return (ITR) filing: Did you not file? Know exactly how much penalty you will have to pay

Sat, Feb 09, 2019

Income tax return filing consists of a form that needs to be filled properly and honestly. However, if an ITR is not filed then you are in trouble as the Income Tax department will impose various penalties on you.

More >
How to become rich? Create huge wealth through income tax planning

How to become rich? Create huge wealth through income tax planning

Fri, Feb 08, 2019

Tax planning for your wealth management should start with regular savings and investment into various instruments that can create wealth in the long run.

More >
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