» 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.

Income Tax

High Court allows woman to file Income Tax returns without Aadhaar card

High Court allows woman to file Income Tax returns without Aadhaar card

Wed, Nov 01, 2017

The Madras High Court today allowed a woman to file her income tax returns without quoting Aadhaar number or Aadhaar enrolment number. Justice T S Sivagnanam passed the interim order on a plea by Preethi Mohan.

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Now chat online with IT-department experts to clear your doubt in tax filing

Now chat online with IT-department experts to clear your doubt in tax filing

Wed, Oct 18, 2017

A taxpayer can get their doubt answered by entering on official website of IT-department. There is an icon at the right side of website.   

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PFRDA introduces new measures for CPSE employees in National Pension System

PFRDA introduces new measures for CPSE employees in National Pension System

Tue, Oct 10, 2017

NPS is a pension scheme regulated by the central government. This scheme mandatorily available for government employees and also open to Indian citizen on volantary basis.

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Undisclosed property secret informer to get reward of Rs 1 crore

Undisclosed property secret informer to get reward of Rs 1 crore

Sat, Sep 23, 2017

This segment of Zee Business brings you latest updates on undisclosed property. IT announces Rs 1 crore for undisclosed income informer. watch this clip to know more. About Zee Business --------------------------

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Difference between Tax Planning, Tax Avoidance & Tax Evasion!

Difference between Tax Planning, Tax Avoidance & Tax Evasion!

Tue, Sep 19, 2017

Tax planning is an art to reduce your tax outgo by making sure that all the applicable provisions of our income tax act as designed to reduce your tax liability has been availed of.

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Things you should know about "Gift Tax" before receiving, giving this festive season

Things you should know about "Gift Tax" before receiving, giving this festive season

Mon, Sep 18, 2017

As per the Income Tax Act, 1961 if the value of gifts received is more than Rs 50,000 a year, then such amount is taxed as income in the hands of the receiver.

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Direct tax collections rise 17.5% till August, Govt says

Direct tax collections rise 17.5% till August, Govt says

Mon, Sep 11, 2017

Direct tax collections in the current fiscal till August 2017 rose 17.5%, ministry of finance said.  This collection is 22.9% of the total Budget Estimates of Direct Taxes for the Financial Year 2017-18, the statement said. 

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Two lakh companies struck off, bank accounts inoperable: Govt

Two lakh companies struck off, bank accounts inoperable: Govt

Tue, Sep 05, 2017

The government said that since such ‘Struck off`’ companies have ceased to exist, action has been initiated to restrict the operation of bank accounts of such companies.

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Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Thu, Aug 31, 2017

What was the real purpose of demonetisation? Zeebiz attempts to answer your queries.

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Income Tax Department officials conduct massive raid in Delhi, NCR today

Income Tax Department officials conduct massive raid in Delhi, NCR today

Mon, Aug 21, 2017

As per the report, the Income Tax searches have been made on some political leader. 

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Have you missed the due date of filing your Tax Returns?

Have you missed the due date of filing your Tax Returns?

Thu, Aug 17, 2017

The due date to file your tax return is 31st July of every year, but this date is not applicable to companies or those taxpayers whose books of accounts are subject to an audit, unlike salaried employees and certain taxpayers who are not supposed to get their accounts audited. PS: The due date to file your tax return for the previous financial year i.e. 2016-17 was 31st July 2017 but the same got extended to 5th August 2017.

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Independence Day: From black money to note-ban, 10 things PM Modi said today

Independence Day: From black money to note-ban, 10 things PM Modi said today

Tue, Aug 15, 2017

In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.

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7th Pay Commission: Central govt employees may have to pay income tax on allowances

7th Pay Commission: Central govt employees may have to pay income tax on allowances

Wed, Aug 09, 2017

The basic salary, bonus, allowances and other arrears as per 7th Pay Commission will come under the ambit of Income Tax as proposed in Finance Bill, 2017 which will lead government employees to pay tax on allowances. 

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Income Tax: Realised a mistake after IT return processed? This Section will help you rectify

Income Tax: Realised a mistake after IT return processed? This Section will help you rectify

Wed, Aug 09, 2017

A rectification request under section 154(1) is allowed by the Income Tax Department for correcting mistakes when there is an apparent mistake in your Income Tax Return.

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Income Tax Returns filed rise 25%, advance tax collection up 41%

Income Tax Returns filed rise 25%, advance tax collection up 41%

Mon, Aug 07, 2017

Central Board of Direct Taxes (CBDT) said, "As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of Returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed during the corresponding period of F.Y. 2016-2017, registering an increase of 24.7% compared to growth rate of 9.9% in the previous year."

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Income Tax: Failed to file ITR yesterday? File belated return now

Income Tax: Failed to file ITR yesterday? File belated return now

Sun, Aug 06, 2017

You can still file belated return before the end of the assessment year. If you have not filed ITR for FY16-17, you can still file it till March 31, 2018.

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Smooth filing of Income Tax returns in Chennai

Smooth filing of Income Tax returns in Chennai

Sat, Aug 05, 2017

Not much of a crowd of assesses was witnessed since many preferred to file their Income Tax Returns online.

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Income Tax: This is how you can avoid errors on last day to file ITR

Income Tax: This is how you can avoid errors on last day to file ITR

Sat, Aug 05, 2017

On July 31, the Income Tax department had extended the deadline to file Income Tax Return till August 5. Even on the last day, the taxpayers can rectify common errors

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Income Tax offices to remain open till mid-night on August 5

Income Tax offices to remain open till mid-night on August 5

Fri, Aug 04, 2017

In order to facilitate smooth filing of income tax returns, all income tax offices will remain open till mid-night on August 5, 2017. 

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Link your PAN with Aadhaar to process Income Tax return: Here's how

Link your PAN with Aadhaar to process Income Tax return: Here's how

Wed, Aug 02, 2017

Ministry of Finance extended the deadline to file Income Tax Return by one week and to link PAN with Aadhaar till August 31. You can link Aadhaar with PAN by four ways.

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