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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

Income Tax Return (ITR) filing: 8 ways your employer can help you save money

Income Tax Return (ITR) filing: 8 ways your employer can help you save money

Fri, Mar 15, 2019

When you seek or accept a job at a company, your first priority would be a handsome salary package. It is not just the take-home part you should look at. But thereafter, income tax return (ITR) filing should be the next big important factor.

More >
Black Money crackdown: Income Tax office asks citizens to report suspicious cash transactions in Lok Sabha Elections 2019

Black Money crackdown: Income Tax office asks citizens to report suspicious cash transactions in Lok Sabha Elections 2019

Thu, Mar 14, 2019

To ensure that a free and fair election is conducted, a 24x7 control room is set up, to curb the utilisation of black money during the General Elections 2019.

More >
Shrinking! Often felt your flat is smaller in size? Yes, it's true - Here is why

Shrinking! Often felt your flat is smaller in size? Yes, it's true - Here is why

Thu, Mar 14, 2019

NCR flat developers have started to launch flats with smaller sizes in  last  five years.

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Salaried employee? One of the best tax benefits can come from your car, petrol and diesel purchase - Know how

Salaried employee? One of the best tax benefits can come from your car, petrol and diesel purchase - Know how

Wed, Mar 13, 2019

The intention of giving these allowances and reimbursement, is to reduce taxes which a salaried employee pays from their monthly gross income.

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Save Income Tax under Section 80C through this SBI Tax Saving Scheme - Check eligibility, interest rate, benefits, more

Save Income Tax under Section 80C through this SBI Tax Saving Scheme - Check eligibility, interest rate, benefits, more

Wed, Mar 13, 2019

Save Income Tax through SBI Saving Scheme: Financial Year 2018-19 is about to end in a few days and, as an Income Tax payer, it's high time you filed your investments so that good amounts of your hard-earned money can be saved in your bank account.

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Road to buy cars priced above Rs 10 lakh just got smoother! Check big money-saving good news for you

Road to buy cars priced above Rs 10 lakh just got smoother! Check big money-saving good news for you

Tue, Mar 12, 2019

CBIC has made it clear that TCS won't be added to the sticker value before the GST calculation, which leads to savings for the customers about 1% in their payout.

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Exhausted Section 80C Income Tax saving options? No problem! Try these new ways if you are filing ITR this year

Exhausted Section 80C Income Tax saving options? No problem! Try these new ways if you are filing ITR this year

Mon, Mar 11, 2019

Income Tax saving options: The current financial year is set to end this month. You still have 20 days left to claim income tax rebate through different investment options.

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Income Tax Payment Online: Now pay your taxes using HDFC Bank Debit card and get Rs 100 cashback

Income Tax Payment Online: Now pay your taxes using HDFC Bank Debit card and get Rs 100 cashback

Mon, Mar 11, 2019

Income Tax Payment Online: If you are yet to pay your taxes and you have an HDFC Bank debit card, then you can pay your taxes online using the card and even get a cashback too.

More >
Is there an error on your PAN card? Here is how you can rectify

Is there an error on your PAN card? Here is how you can rectify

Mon, Mar 11, 2019

PAN card is an important official document. It is important to ensure that there is no error in details such as name, date of birth, father's name etc. Here is how you can correct it.

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Income Tax return: Be a smart saver! These 5 hacks will save your money

Income Tax return: Be a smart saver! These 5 hacks will save your money

Fri, Mar 08, 2019

Every salaried individual has to pay taxes on the salary  they receive from their employer. Your employers are bound to deduct taxes on your salary amount.

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Income Tax return: Did you delay in ITR filing, payment, advance tax? Get ready to pay these charges

Income Tax return: Did you delay in ITR filing, payment, advance tax? Get ready to pay these charges

Thu, Mar 07, 2019

Income Tax return filing: There are three section namely 234A, 234B and 234C which takes into consideration of how much extra interest will be levied for three types of situation. 

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Indian-origin pharmacist guilty in $4 mn US tax fraud.

Indian-origin pharmacist guilty in $4 mn US tax fraud.

Wed, Mar 06, 2019

The three hid $9 million that their pharmacy in New Jersey took in between 2009 and 2011 from tax authorities and evaded $4 million in taxes, the prosecutor`s office said.

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Taxpayers alert! Avoid these cash transactions, or else penalty will be levied; even ITR filing claims may be rejected

Taxpayers alert! Avoid these cash transactions, or else penalty will be levied; even ITR filing claims may be rejected

Tue, Mar 05, 2019

The department has issued a new advertisement, where it has warned firmly to Indian citizens about the usage of cash.

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Want to save Income Tax? These 5 options other than 80C will help you

Want to save Income Tax? These 5 options other than 80C will help you

Tue, Mar 05, 2019

Almost every saving made in schemes like provident funds, fixed deposits, term deposits, life insurance, mutual funds and others help you avail up to Rs 1.5 lakh tax deduction under section 80C.

More >
Income Tax on Gifts Explained: Know the only occasion when you don't pay tax on monetary gifts

Income Tax on Gifts Explained: Know the only occasion when you don't pay tax on monetary gifts

Sat, Mar 02, 2019

Income Tax on Gifts: Wondering whether the gift you received recently is taxable or not? This explainer will help you.

More >
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.

More >
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.

More >
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. 

More >
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. 

More >
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).

More >
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