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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: File ITR before due date or pay late filing fees of Rs 5,000; Know what IT Department says

Income Tax Return: File ITR before due date or pay late filing fees of Rs 5,000; Know what IT Department says

Mon, Oct 11, 2021

As per the information provided by the Income Tax Department, ​if a person who is required to furnish a return of income under section 139​ fails to do so within the time prescribed then they will have to pay interest on tax due.

More >
Salaried? Want to save Income Tax? Claiming deduction under Section 80C? Must avoid these mistakes

Salaried? Want to save Income Tax? Claiming deduction under Section 80C? Must avoid these mistakes

Mon, Oct 04, 2021

Taxpayers should neither invest in haste nor wait for last-minute income tax filing. 

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Income Tax: Salary, allowances, PF, arrears, leave encashment and gratuity - What's taxable and what's not Know what IT Department says

Income Tax: Salary, allowances, PF, arrears, leave encashment and gratuity - What's taxable and what's not Know what IT Department says

Wed, Sep 29, 2021

Generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary.

More >
New Income Tax Portal: Infosys acknowledges some users continue to face difficulties

New Income Tax Portal: Infosys acknowledges some users continue to face difficulties

Thu, Sep 23, 2021

IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the Income Tax Department, to further streamline end-user experience.

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Big relief for ST community! Centre relaxes TDS provisions of Income-Tax Act

Big relief for ST community! Centre relaxes TDS provisions of Income-Tax Act

Sat, Sep 18, 2021

The Centre has relaxed the provisions of Income-Tax Act, 1961 Act in relation to the payment of interest regarding TDS by Scheduled Bank to a member of Scheduled Tribe (ST) community on Friday.

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INCOME TAX: 26 lakh taxpayers! CBDT issues refunds worth Rs 70K cr so far in FY22

INCOME TAX: 26 lakh taxpayers! CBDT issues refunds worth Rs 70K cr so far in FY22

Mon, Sep 13, 2021

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year.

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Income Tax Return Filing Deadline EXTENDED: Check due dates, reason and other details here

Income Tax Return Filing Deadline EXTENDED: Check due dates, reason and other details here

Fri, Sep 10, 2021

The central government on Thursday extended the deadline till December 31 for filing of income tax returns by individuals for the financial year 2021, amid the coronavirus pandemic and technical glitches in the IT portal. Check the details here:

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Income Tax Refund 2021: CBDT issues refund of over Rs 67, 000 cr till August 30; follow 4 EASY steps to check ITR refund status

Income Tax Refund 2021: CBDT issues refund of over Rs 67, 000 cr till August 30; follow 4 EASY steps to check ITR refund status

Sat, Sep 04, 2021

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs. 67,401 crore to more than 23.99 lakh taxpayers between April 1, 2021 to August 30, 2021, said Income Tax India on Saturday. 

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Important alert from SEBI! Link Aadhaar with PAN till THIS date, else it will become INVALID - Check process to do it on income tax website www.incometaxindiaefiling.gov.in

Important alert from SEBI! Link Aadhaar with PAN till THIS date, else it will become INVALID - Check process to do it on income tax website www.incometaxindiaefiling.gov.in

Fri, Sep 03, 2021

The market regulator has also mentioned that all the existing investors are advised to ensure linking of their PAN with Aadhaar number prior to September 30, 2021 or any other date specified by CBDT 

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Income Tax Alert – LAST DATE for payment under Vivad se Vishwas Act EXTENDED - CBDT takes step because of THIS REASON

Income Tax Alert – LAST DATE for payment under Vivad se Vishwas Act EXTENDED - CBDT takes step because of THIS REASON

Sun, Aug 29, 2021

“Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act,” this release said

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Income Tax Portal – Finance Ministry SUMMONS Infosys MD & CEO Salil Parekh on prevailing glitches; e-portal issues NOT RESOLVED even after 2.5 months, says IT department tweet

Income Tax Portal – Finance Ministry SUMMONS Infosys MD & CEO Salil Parekh on prevailing glitches; e-portal issues NOT RESOLVED even after 2.5 months, says IT department tweet

Sun, Aug 22, 2021

Income Tax Portal - Indian Ministry of Finance has summoned Salil Parekh, the Managing Director (MD) and Chief Executive Officer (CEO) of Infosys on 23 August to seek explanation regarding the prevailing glitches in the new income tax portal, an official Twitter Handle of Income Tax India @IncomeTaxIndia said

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Taxpayers ALERT: IT REFUND worth Rs 47,318 cr issued between April and August; charged excess interest, late fee? Income Tax REFUND coming soon for you too

Taxpayers ALERT: IT REFUND worth Rs 47,318 cr issued between April and August; charged excess interest, late fee? Income Tax REFUND coming soon for you too

Sat, Aug 14, 2021

The deadline for filing ITR for the last financial year was extended to September 30, 2021, in a bid to provide relief to taxpayers amid the pandemic.   

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Taxpayers alert! GOOD NEWS - Income Tax has this important message for you | Excess interest and late fee refund confirmed

Taxpayers alert! GOOD NEWS - Income Tax has this important message for you | Excess interest and late fee refund confirmed

Wed, Aug 11, 2021

The last date for filing ITR for last financial year has been extended till September 30, 2021, from July 31 to give taxpayers compliance relief during the pandemic.

More >
Income Tax Payers ALERT: CBDT issues refunds of over Rs 45,896 crore between April 1 and August 2; also check extended DUE DATES for e-filing of various forms

Income Tax Payers ALERT: CBDT issues refunds of over Rs 45,896 crore between April 1 and August 2; also check extended DUE DATES for e-filing of various forms

Sat, Aug 07, 2021

The Central Board of Direct Taxes issued Income tax and corporate tax refunds of Rs 13,694 crore in 20,12,802 cases & Rs. 32,203 crore cases, respectively.

More >
Salaried employees ALERT! How salary, allowances, retirement benefits are taxed? What are exempted? Here is Income Tax Department GUIDE for you

Salaried employees ALERT! How salary, allowances, retirement benefits are taxed? What are exempted? Here is Income Tax Department GUIDE for you

Thu, Aug 05, 2021

As per the information provided by the Income Tax Department, section 17​​ of the Income-Tax Act defines the term ‘salary’. Generally whatever is received by an employee from an employer in cash, kind or as a facility (perquisite) is considered as salary.

More >
EXPLAINED: How to save Income Tax if you are doing freelancing with a regular job

EXPLAINED: How to save Income Tax if you are doing freelancing with a regular job

Wed, Jul 28, 2021

In the present era, especially in the wake of first and second coronavirus waves, undertaking jobs on a freelance basis has become one of the most promising patterns of working/work culture.

More >
ITR Filing ALERT! File your Income Tax Return with new mobile app; Know installation process, features and more

ITR Filing ALERT! File your Income Tax Return with new mobile app; Know installation process, features and more

Tue, Jul 27, 2021

The mobile app has various other features like Locate a Tax Return Preparer near you, Tools for calculating your taxes, ASK IT - A ChatBot, Tax Gyaan - A Game 

More >
161st Income Tax Day: Honest taxpayers deserve to be recognized for their contribution in nation building, says FM Nirmala Sitharaman

161st Income Tax Day: Honest taxpayers deserve to be recognized for their contribution in nation building, says FM Nirmala Sitharaman

Sat, Jul 24, 2021

Central Board of Direct Taxes (CBDT) celebrated the 161st anniversary of Income Tax Day on Saturday, July 24

More >
Income Tax: When do you have to pay tax? Income below which there is no need to pay tax? Check details here

Income Tax: When do you have to pay tax? Income below which there is no need to pay tax? Check details here

Wed, Jul 21, 2021

S​ection 14​ of the Income-tax Act has classified the income of a taxpayer under five different heads of income that is salaries, income from house property, profits and gains of business or profession, capital gains and income from other sources​​​.

More >
Income Tax ALERT! Infosys acknowledged technical issues in www.Incometax.Gov.In portal, initial glitches mitigated, says Finance Ministry

Income Tax ALERT! Infosys acknowledged technical issues in www.Incometax.Gov.In portal, initial glitches mitigated, says Finance Ministry

Tue, Jul 20, 2021

The portal www.Incometax.Gov.In had a bumpy start from the day of its launch on June 7 as taxpayers, tax professionals and other stakeholders reported glitches in its functioning.

More >
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