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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: Are you eligible for tax refund? Here's how you can check after filing ITR

Income Tax: Are you eligible for tax refund? Here's how you can check after filing ITR

Tue, Jul 11, 2017

Sometimes, while filing the return, you may end-up paying more tax to the government than your actual tax liability. In such cases, you are eligible for a tax refund. 

More >
7th Pay Commission: Your in-hand salary may not rise as expected, here's why

7th Pay Commission: Your in-hand salary may not rise as expected, here's why

Tue, Jul 11, 2017

Union Cabinet last month under Prime Minister Narendra Modi gave its final go-ahead to 7th Pay Commission recommendations with 34 modifications. 

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Income Tax: Five golden rules to remember while filing ITR

Income Tax: Five golden rules to remember while filing ITR

Mon, Jul 10, 2017

Form no 16 is issued once in a year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.

More >
Income Tax: FM Arun Jaitley launches "Aaykar Setu"

Income Tax: FM Arun Jaitley launches "Aaykar Setu"

Mon, Jul 10, 2017

According to Income Tax, the new module compiles various tax tools, live chat facility, dynamic updates and important links to various processes within Income Tax Department in a single module.

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Aadhaar is now must for PAN; Here's how you can file ITR -4 Sugam

Aadhaar is now must for PAN; Here's how you can file ITR -4 Sugam

Sat, Jul 08, 2017

Government has notified to quote their Aadhaar for applying PAN. We tell you how to file your income tax returns if you have to file using ITR-4. 

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Income Tax: Bought new property? This is the form you need to file tax

Income Tax: Bought new property? This is the form you need to file tax

Fri, Jul 07, 2017

If you purchase a property of more than Rs 50 lakh value, you need to deduct TDS at 1% from the payment you have made.

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Income Tax: Here's how you can check if TDS was paid on your services

Income Tax: Here's how you can check if TDS was paid on your services

Wed, Jul 05, 2017

A self-employed person needs to understand the tax treatment. From a tax perspective, self-employed individual's income is Profit & Gains of Business & Profession. 

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Income Tax: Be ready with your Form 16 before July 31

Income Tax: Be ready with your Form 16 before July 31

Mon, Jul 03, 2017

Even if you have left your job, your employer will provide you a Form 16. Unfortunately, this income tax form 16, cannot be downloaded from anywhere.

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You can still link your Aadhaar to PAN card; here’s how

You can still link your Aadhaar to PAN card; here’s how

Sat, Jul 01, 2017

Aadhaar linkage to PAN cards can still be done. Income Tax department has issued a manual form filling procedure as well as a website and SMS method to link the two cards.

More >
Is today the last day to link Aadhaar and PAN? We decode

Is today the last day to link Aadhaar and PAN? We decode

Fri, Jun 30, 2017

Linking Aadhaar becomes mandatory from July 1 but it will not make your PAN card invalid. Time period is expected to be given soon by the IT department.   

More >
Income Tax filing:  Here's what you need to remember; Sahaj, Aadhaar, PAN

Income Tax filing: Here's what you need to remember; Sahaj, Aadhaar, PAN

Tue, Jun 27, 2017

Quoting Aadhaar card for filing IT returns will become mandatory from July 1. Here's what you need to keep in mind   

More >
Are you ready to file 37 tax returns under GST regime? All your questions answered

Are you ready to file 37 tax returns under GST regime? All your questions answered

Tue, Jun 27, 2017

Touted as India's biggest tax reform -- the Goods and Services Tax (GST) -- is all set to be rolled out from 1st July 2017.

More >
Aadhaar is must for income tax returns if you have one; Here's how you can file it online

Aadhaar is must for income tax returns if you have one; Here's how you can file it online

Wed, Jun 21, 2017

Aadhaar card is a must for your Income Tax returns this year. Due date for IT returns are usually on July 31 of every year. 

More >
Cairn tax dispute: I-T dept confiscates dividend, refund

Cairn tax dispute: I-T dept confiscates dividend, refund

Mon, Jun 19, 2017

The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.

More >
Income tax mop-up begins on strong footing, up 26.2% till date

Income tax mop-up begins on strong footing, up 26.2% till date

Fri, Jun 16, 2017

Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138 per cent at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here told PTI today.

More >
Be prepared taxpayers; first installment of advance tax due tomorrow

Be prepared taxpayers; first installment of advance tax due tomorrow

Wed, Jun 14, 2017

Advance Tax Payment has been given as an option by IT department to make payment of taxes in installment. Four dates are been provided and if a taxpayer does not make payment by end of March 2018, he or she will have to make 100% advance tax. 

More >
SEBI mulls ways to check fraudulent tax benefits via stocks

SEBI mulls ways to check fraudulent tax benefits via stocks

Sun, Jun 11, 2017

Regulator Sebi is mulling tightening its investigation and enforcement mechanism to check misuse of stock market platform for generating "bogus" long-term capital gains to launder black money.

More >
ITR filing: 6 most common mistakes and their solutions

ITR filing: 6 most common mistakes and their solutions

Wed, May 24, 2017

As per the income tax regulations, the due date of filing income tax return for FY16-17 is July 31, 2017 for individuals, and September 30, 2017 for businesses. 

More >
Income Tax Slabs 2017: Find out your tax liability, how to file ITR and more

Income Tax Slabs 2017: Find out your tax liability, how to file ITR and more

Mon, May 22, 2017

Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on. 

More >
India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

Sun, May 21, 2017

Union Minister Arjun Ram Meghwal while speaking at the Entrepreneurship Development Institute of India (EDII) institute in Ahmedabad on Saturday said that India's tax net has grown due to the Centre's policiesed by the PM Narendra Modi in the last three years. 

More >
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