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 Refund: CBDT still awaits response from 1.74 lakh MSMEs! Issues guideline to claim money online
Sat, Apr 18, 2020
Income Tax Refund: The CBDT reiterated its request that in around 1.74 lakh cases, responses are awaited from taxpayers regarding reconciliation with their outstanding tax demand.
More >
Waiting for Income Tax refund money? Check this latest development
Wed, Apr 15, 2020
The Finance Ministry had last week said it will fast-track issuance of pending income tax refunds up to Rs 5 lakh, which will benefit around 14 lakh taxpayers, to provide relief to individuals and businesses hit by COVID-19 outbreak.
More >
Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category
Tue, Apr 14, 2020
Auto Loan Calculator: If your are going to file Income Tax Return (ITR), then it is advisable to nurture all possible tax-saving options as a penny saved is penny earned.
More >
Alert for taxpayers seeking revision of lower withholding tax
Sun, Apr 12, 2020
According to a report in news agency IANS, businesses seeking lower TDS/TCS (tax deduction at source /tax collected at source) for FY21 in view of the impact of Covid-19 outbreak on business will have to apply afresh with the income tax department and wait for its order. Such application for lower withholding tax rate will not get extension of any previous order (for FY20) for a period of three months till June 30, 2020, the report added.
More >
Huge relief for Income Tax payers! Pending refunds up to Rs 5 lakhs to be released immediately
Thu, Apr 09, 2020
Giving a huge relief to income tax payers, the Income Tax Department has decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately. This move is aimed at providing immediate relief to the business entities and individuals.
More >
Income Tax: This is what Modi government wants from you - Open to suggestions!
Tue, Apr 07, 2020
If you think your suggestions for tax regime can help Modi government to implement 'Vivad Se Vishwas' scheme in a better manner for the development of India, then Central Board of Direct Taxes (CBDT) Chairman P C Mody chief has an important development for you.
More >
Huge Corona relief for taxpayers! Income Tax Department extends TDS, TCS certificate submission deadline to 30th June 2020
Sat, Apr 04, 2020
In a bid to provide relief to the earning individual who had no tax liability but facing TDS deduction by banks and other institutions, Income Tax Department has increased the deadline for Form 15G and Form 15H submission date till 30th June 2020.
More >
