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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: When do you have to pay tax? Income below which there is no need to pay tax? Check details here
Wed, Jul 21, 2021
Section 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.
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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.
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Payments made in advance may not absolve you from TDS/TCS provisions
Fri, Jul 02, 2021
Buyers will have to deduct tax at source at 0.1 per cent of the amount paid for goods for all purchases made during the year post-June 30, 2021 if the value of purchases or advance payments during the year between April and June exceeds Rs 50 lakh.
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ITAT e-filing portal: Income Tax Appellate Tribunal president explains how it will enable taxpayers file online appeals, says a step towards paperless court room
Sat, Jun 26, 2021
Taking a step towards Digital India and bringing in more transparency and comfort, Union Law Minister Ravi Shankar Prasad on Friday launched e-filing portal of Income Tax Appellate Tribunal (ITAT).
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No Income Tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post Demo: ITAT
Wed, Jun 23, 2021
Cash deposits of up to Rs 2.5 lakh by housewives post demonetisation will not come under I-T scrutiny as the Income Tax Appellate Tribunal (ITAT) has held that such deposits cannot be treated as income of the assessee.
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Tax portal glitches: ICAI makes presentations to Finmin officials, Infosys representatives
Tue, Jun 22, 2021
Chartered accountants' apex body ICAI on Tuesday made presentations on various issues being faced on the new Income Tax e-filing portal during a meeting with finance ministry officials and Infosys representatives.
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Are You Liable for Income Tax on Your Video Games Income?
Tue, Jun 22, 2021
India’s booming gaming market, worth $ 930 million, is the largest in the world. In the recent past, online rummy, poker, and other real-money internet games have experienced rapid growth. Gamers who earn money from online gaming must pay taxes on their earnings. The popularity of professional gaming has increased over the years, with some players making millions of dollars
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Taxpayers ALERT: ITR non-filers list! Haven't filed Income Tax returns for 2 years? Get ready to pay higher TDS/TCS from July 1
Tue, Jun 22, 2021
There is a big alert for taxpayers. The Income Tax department has developed a system to identify non-filers of income tax. These tax escapees will be identified and levied higher TDS.
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Income Tax: Are you a senior citizen or super senior citizen? Know the benefits offered to you
Mon, Jun 21, 2021
Every individual who is earning is required to pay income tax as per the income tax slab. Certain exemptions are also provided by the government on the tax. However, senior citizens and a very/super senior citizen are granted a higher exemption limit as compared to normal taxpayers.
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Income Tax alert! IMPORTANT update from CBDT for taxpayers facing difficulties - RELAXATION in electronic filing of these forms
Mon, Jun 14, 2021
CBDT has granted relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of forms online on the new e-filing portal http://incometax.gov.in.
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Income Tax Returns Filing: THESE taxpayers may have to pay double TDS from July—check what Finance Act 2021 says
Thu, Jun 10, 2021
INCOME TAX NEWS: TDS filing last date: There are certain rules about to change from July 1, 2021 in accordance with the announcements made in the Union Budget and as per Finance Act 2021.
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New Income Tax Website: DECODED, EXPLAINED! Expert reveals what all incometax.gov.in comes loaded with
Mon, Jun 07, 2021
Filing your income tax returns have been made much easier now! All thanks to the new Income Tax portal which is LIVE NOW. It is not only easier now to file your returns quickly but also to get refund in a quick manner. The new portal is much more modernised. It will now be possible to file your returns through your mobile phones as well. Tax Expert Sunil Garg speaks to Zee Business’ Swati Raina on this
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