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 returns (ITR) filing: What is tax avoidance
Wed, May 09, 2018
In an effort to save tax, do not take the wrong road that meanders into illegalities. The effort may tempt you to follow certain steps that may come under unlawful way of savings taxes, but do not go that way. Taking advantage of loopholes in our income tax laws to reduce tax outgo is not right.
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Income tax returns filing: 1 in 4 employees unaware of tax benefits in salary
Tue, Apr 24, 2018
Among the employees that opt out of reimbursements, 56 per cent of them do so for higher in-hand salary, thereby not using the full potential of the tax benefits offered to them, the Zeta employee benefits survey commissioned to Nielsen India said today. Employee tax benefits are tax saving benefits offered by companies to salaried employees as part of their cost to company (CTC)
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From April 1, 10 income tax returns filing changes you will have to deal with
Sat, Mar 31, 2018
While the changes are simple, they still have to be correctly assessed and then given adequate explanation when you eventually file your tax returns. Not knowing them is not an option. Ultimately, a taxpayer will have to deal with them. And the sooner they do, the better it is as otherwise they will be left with no option but to try and fix it at the last moment and that is a certain recipe for disaster since mistakes will be made in the rush
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From April 1, here is how your financial life will change
Sat, Mar 31, 2018
The Central government has made numerous proposals in the Budget that have been cleared for implementation and to get you up to speed on them, we list some of them here point-wise so that you are not caught by surprise by some happening mid-way through the fiscal. Union Finance Minister Arun Jaitley had presented Budget 2018 in the Lok Sabha on February 1 and this was his fourth one
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From Lokeshwar Dev to Arjun Sonka, Income Tax dept looks to name and shame defaulters
Fri, Mar 30, 2018
In full-page advertisements issued in major national dailies as part of its name and shame policy on defaulters, the department advised them to pay their tax arrears immediately. The businesses of the defaulting firms as shown in the list include food processing, bullion trading, software, real estate, breweries and manufacture of ingots. The total default amount of 24 entities from cities like Ahmedabad, Guwahati, Vijaywada, Nashik, Surat, Delhi, Vadodara, Kolkata and others, is around Rs 490 crore.
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Income tax offices to remain open on holidays for filing of returns
Tue, Mar 27, 2018
The government has said that all income tax offices will remain open during holidays between March 29 and 31 to facilitate filing of returns. All Ayakar Seva Kendras (ASKs) will also remain open on these days, an official statement by Ministry of Finance said.
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Income tax: CEA Arvind Subramanian reveals when direct tax reforms report is expected
Tue, Mar 27, 2018
Chief Economic Adviser Arvind Subramanian said that one of the India's biggest challenges is how to get more and more people pay income taxes. "I think that is very critical and we are really falling short on that. Any direct tax system must encourage voluntary compliance to get more and more taxpayers in and this is something we should be focusing on," he said.
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Income tax returns (ITR) filing: How to save tax; amazing tips to make your money stay in your wallet
Thu, Mar 15, 2018
Income tax returns (ITR) filing: As the investments made are generally with a long term perspective, it is important that informed decisions are made based on the tax benefits available as well as risk appetite, time horizon and liquidity requirements of the investors.
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Income Tax Returns (ITR) filing deadline: Did you miss it? Rush now, or face penalty; check 5 step guide
Fri, Mar 09, 2018
Income Tax Returns (ITR) filing deadline: From April 1, 2018, the penalty has been fixed at Rs. 5000 for all delayed ITR filings before Dec 31, 2018 and for earnings above Rs. 5000. However, the penalty has been set at Rs. 10,000 if the ITR is filed after Dec 31, 2018.
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