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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

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 

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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

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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​​​.

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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 >
How to get INSTANT PAN! Apply for e-PAN on new Income Tax website - Full process, steps here

How to get INSTANT PAN! Apply for e-PAN on new Income Tax website - Full process, steps here

Tue, Jul 06, 2021

Permanent Account Number abbreviated as PAN is a unique 10-digit alphanumeric number issued by the Income Tax Department to Indian taxpayers. 

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Payments made in advance may not absolve you from TDS/TCS provisions

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

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

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

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?

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

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

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.

More >
Income Tax 2.0 Portal: New online tax payment system, mobile app roll-out from TODAY

Income Tax 2.0 Portal: New online tax payment system, mobile app roll-out from TODAY

Fri, Jun 18, 2021

The new tax payment system and the mobile app on its advanced e-filing website will be activated on Friday, June 18. 

More >
Income Tax alert! IMPORTANT update from CBDT for taxpayers facing difficulties - RELAXATION in electronic filing of these forms

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. 

More >
Income Tax Returns Filing: THESE taxpayers may have to pay double TDS from July—check what Finance Act 2021 says

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. 

More >
Income Tax Return Filing Portal 2.0: Know about installing new mobile app, its friendly features and more

Income Tax Return Filing Portal 2.0: Know about installing new mobile app, its friendly features and more

Wed, Jun 09, 2021

Along with the new ITR e-filing portal, the mobile app facility also launched on June 7, 2021  

More >
New Income Tax E-Filing Website: Taxpayers ALERT! 2.0 Portal has this FREE ITR Software for you!

New Income Tax E-Filing Website: Taxpayers ALERT! 2.0 Portal has this FREE ITR Software for you!

Tue, Jun 08, 2021

The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers.

More >
New Income Tax Website: DECODED, EXPLAINED! Expert reveals what all incometax.gov.in comes loaded with

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

More >
New Income Tax India E-Filing Website: LAUNCHED! Features, Details, Benefits, Portal Link And More Highlights For Taxpayers

New Income Tax India E-Filing Website: LAUNCHED! Features, Details, Benefits, Portal Link And More Highlights For Taxpayers

Mon, Jun 07, 2021

New Income Tax India E-Filing Portal, Website - The Income Tax Department has launched its new e-filing portal www.incometax.gov.in on 7th June, 2021.

More >
Income Tax return e-filing: LIVE! New website to be LAUNCHED SHORTLY; Check quick refund and other TOP features for TAXPAYERS

Income Tax return e-filing: LIVE! New website to be LAUNCHED SHORTLY; Check quick refund and other TOP features for TAXPAYERS

Mon, Jun 07, 2021

Income Tax new website Launch: Taxpayers wait for Income Tax return e-filing is about to end today, as the Income Tax Department will be launching its new website on Monday, June 7, 2021. 

More >
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