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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: 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. 

More >
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. 

More >
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.

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Income Tax payers, filers alert! The cost for undisclosed income - Why you should file ITR honestly

Income Tax payers, filers alert! The cost for undisclosed income - Why you should file ITR honestly

Fri, Feb 08, 2019

In FY18, there was 20% surge in undisclosed income to nearly Rs 10,767 crore. In fact, the income tax department has carried out various investigations to look into this serious matter.

More >
Income Tax payer? Alert! Your PAN card might be cancelled if you fail to do this

Income Tax payer? Alert! Your PAN card might be cancelled if you fail to do this

Fri, Feb 08, 2019

The Supreme Court has made it mandatory to file the Income Tax returns with Aadhaar card and has asked people to get it linked with their PAN cards before March 31, but the numbers are not rising. 

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Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole

Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole

Fri, Feb 08, 2019

In the interim budget, Finance Minister Piyush Goyal announced direct income support of Rs 6,000 per year to 12 crore small and marginal farmers holding cultivable land up to 2 hectare.

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Income Tax Alert: Big HRA crackdown against six lakh government employees, officers

Income Tax Alert: Big HRA crackdown against six lakh government employees, officers

Thu, Feb 07, 2019

The Income Tax rules provide relief to salaried employees by not making a large part of the House Rent Allowance (HRA) fully taxable.

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Is PAN-Aadhaar linking mandatory for Income Tax Return filing? Supreme Court has this to say

Is PAN-Aadhaar linking mandatory for Income Tax Return filing? Supreme Court has this to say

Thu, Feb 07, 2019

Income Tax Payer, ITR Filers alert! Is it mandatory to link Aadhaar with PAN for non taxpayers? This is the question that keeps doing the rounds on internet search as there was lot of confusion over this. Now, the Supreme Court has cleared all the confusion.

More >
Income Tax Return (ITR) filing: Provident fund TDS costs you this much; 5 easy steps to claim it

Income Tax Return (ITR) filing: Provident fund TDS costs you this much; 5 easy steps to claim it

Thu, Feb 07, 2019

Income Tax Return (ITR) filing: According to section 192A, payment of accumulated balance of provident fund which is taxable in the hands of an employee.

More >
Income tax return filing grievance redressal: Cabinet approves abolition of institution

Income tax return filing grievance redressal: Cabinet approves abolition of institution

Thu, Feb 07, 2019

Tax payers are now preferring alternate methods of grievance redressal, like Centralised Public Grievance Redress and Monitoring System, and Aaykar Seva Kendras.

More >
Income tax return (ITR) filing ALERT! Pay Rs 13,000 if you make this Re 1 'mistake'

Income tax return (ITR) filing ALERT! Pay Rs 13,000 if you make this Re 1 'mistake'

Thu, Feb 07, 2019

According to the Budget document placed in Parliament, the government has not raised the exemption limit for taxpayers from Rs 2.5 lakh to Rs 5 lakh, but has just made changes in the tax rebate under Section 87A of the Income Tax Act.

More >
You may be fined, if you fail to comply with income tax demand notice

You may be fined, if you fail to comply with income tax demand notice

Tue, Feb 05, 2019

If you fail to reveal your income and pay taxes, you may have to face penalties and even imprisonment from 6 months to 7 years, along with penalty under various sections of the Income Tax Act.

More >
Income Tax in Budget 2019: Did it live up to the expectations?

Income Tax in Budget 2019: Did it live up to the expectations?

Mon, Feb 04, 2019

Sanjay Agarwal, Partner, TASS Advisors explains if Budget 2019 live up to the expectations on direct taxes front.

More >
More power to Income Tax Return filers: Assessment process set to undergo these major changes for taxpayers

More power to Income Tax Return filers: Assessment process set to undergo these major changes for taxpayers

Mon, Feb 04, 2019

Income tax assessment process is set to become more taxpayer-friendly by becoming "completely faceless" in the next two years. 

More >
How to e verify Income Tax e return online? From net banking to bank account to Aadhaar, know all methods

How to e verify Income Tax e return online? From net banking to bank account to Aadhaar, know all methods

Mon, Feb 04, 2019

Income Tax Return: Every year when Financial Year comes to an end, it rings alarm bells for Income Tax payers for I-T return (ITR) filing. Once a tax payer is through with the ITR filing, he has to get it verified by the Income Tax Department.

More >
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