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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

Flight tickets prices, Gold hallmarking, new Income Tax portal, PF rules, Small savings rates: Alert! These major changes to IMPACT you directly from THIS month

Flight tickets prices, Gold hallmarking, new Income Tax portal, PF rules, Small savings rates: Alert! These major changes to IMPACT you directly from THIS month

Wed, Jun 02, 2021

The Income-Tax department will be launching its new portal e-filing 2.0 on June 7 for the taxpayers.

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PF INCOME TAX RULES: EPFO news alert! Withdrawing Money? TAXABLE or Not? Find here

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Wed, Jun 02, 2021

People put their contribution in the Employees' Provident Fund (EPF) because it gives secure money and high returns if it is compared with other fixed options such as PPF, Fixed Deposit. 

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INCOME TAX: Big relief! Important ALERT for taxpayers!  What ITR filers must not miss about NEW IT PORTAL e-filing 2.0

INCOME TAX: Big relief! Important ALERT for taxpayers! What ITR filers must not miss about NEW IT PORTAL e-filing 2.0

Sun, May 30, 2021

Income taxpayers will now be able to file their income tax returns (ITR) on mobile also. The Income Tax Department will launch a new portal called e-filing 2.0 for filing income tax returns on June 7, 2021.

More >
INCOME TAX Return 2020-21: TAXPAYERS ALERT! You won't be able to file your return for 6 days in June—Here is Why

INCOME TAX Return 2020-21: TAXPAYERS ALERT! You won't be able to file your return for 6 days in June—Here is Why

Mon, May 24, 2021

Income Tax return filing 2020-21: Income Tax India has issued an alert for tax payers stating that e-Filing portal services of the IT-Department will remain closed for six days in June. 

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Five ways your wife can help you save more money in taxes – Insurance, education loan, LTA and more | Details here

Five ways your wife can help you save more money in taxes – Insurance, education loan, LTA and more | Details here

Mon, May 24, 2021

The facilities and perks given to women as compared to men by central and state governments are of course evident. In this regard, not many are aware that your wife can prove to be of great help in saving income tax. The Union Government has made a special rule for women, under which husbands can take double benefit of exemption in tax.  

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Income Tax filing deadline for FY 21 EXTENDED; Other timelines for IT compliance deferred too—Check all details here

Income Tax filing deadline for FY 21 EXTENDED; Other timelines for IT compliance deferred too—Check all details here

Fri, May 21, 2021

Giving big relief to tax payers, the government has extended income tax returns filing date for FY 2020-21 till September 30. This has been done keeping in mind the hardship faced by common man during these difficult times, said a statement released by the Ministry of Finance. 

More >
New Income Tax Portal Launch News: Current ITR e-filing portal for taxpayers to be shut; new website on the cards

New Income Tax Portal Launch News: Current ITR e-filing portal for taxpayers to be shut; new website on the cards

Thu, May 20, 2021

The Income Tax Department is all set to launch a new website for filing income tax returns (ITR). Due to the launch, the existing e-filing portal will be closed.

More >
Income Tax Department issues Rs 24,792 cr of refunds

Income Tax Department issues Rs 24,792 cr of refunds

Wed, May 19, 2021

Of this, personal income tax refunds worth Rs 7,458 crore were issued in 14.98 lakh cases and corporate tax refunds of Rs 17,334 crore were issued to 43,661 cases.  

More >
You can avail this Income Tax benefit on Atal Pension Yojana! This is how to get it

You can avail this Income Tax benefit on Atal Pension Yojana! This is how to get it

Sun, May 09, 2021

Do you know this great benefit about the Atal Pension Yojana? An income tax payee can join Atal Pension Yojana and avail tax benefit on contribution made to the scheme. Want to know more? Here is your answer

More >
Income Tax: Worried about taxation on your Stock Market gains, dividends, investment, transactions? EVERYTHING EXPLAINED HERE

Income Tax: Worried about taxation on your Stock Market gains, dividends, investment, transactions? EVERYTHING EXPLAINED HERE

Sun, May 09, 2021

Tax on stock market gains: Are you among those investing in the stock market but remain worried about income tax on the share transaction? 

More >
Taxpayers ALERT!: Modi government extends THESE timelines from April 30 to June 30—check details

Taxpayers ALERT!: Modi government extends THESE timelines from April 30 to June 30—check details

Sat, Apr 24, 2021

Income Tax Department Alert: The Modi government has extended deadline for various time barring dates from April 30 to June 30. The decision has been taken in the view of raging Covid 19 pandemic.

More >
Important alert for taxpayers! Income Tax department launches this utility - All details here

Important alert for taxpayers! Income Tax department launches this utility - All details here

Mon, Apr 05, 2021

In an important development for taxpayers, the Income Tax Department has launched the offline utility for taxpayers filing ITR - 1 and 4 for 2020-21 fiscal year.

More >
New ITR Forms: Important! What has been changed? What taxpayers must know

New ITR Forms: Important! What has been changed? What taxpayers must know

Mon, Apr 05, 2021

Recently, in a major development pertaining to taxation, the Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal. 

More >
Paying Income Tax? These new 6 rules in effect from 1st April 2021 will impact your pocket - Must know for taxpayers

Paying Income Tax? These new 6 rules in effect from 1st April 2021 will impact your pocket - Must know for taxpayers

Sun, Apr 04, 2021

The Financial Year 2021-22 is here. A number of financial rules have already been changed.

More >
New ITR forms for AY 2021-22 notified: Check what changed and how it 'minimises' compliance burden

New ITR forms for AY 2021-22 notified: Check what changed and how it 'minimises' compliance burden

Fri, Apr 02, 2021

Keeping minimum change and with the view to minimise compliance burden, The Central Board of Direct Taxation (CBDT) has notified new income tax return forms — ITR-1 to ITR-7 — for the assessment year 2021-22, the ministry of finance said in a statement 

More >
Income Tax refund alert! CBDT has this important message for you

Income Tax refund alert! CBDT has this important message for you

Thu, Apr 01, 2021

Income tax refunds of approximately Rs. 87,749  crore have been issued in 2,34,27,418 cases.

More >
This Income Tax scheme has ended, confirms I-T department

This Income Tax scheme has ended, confirms I-T department

Thu, Apr 01, 2021

The earlier deadlines were February 28 and March 31 in the same order.

More >
Revision in PMAY subsidy, dual airbags in new cars to 'tax' on EPF — Top 5 changes that are happening from today

Revision in PMAY subsidy, dual airbags in new cars to 'tax' on EPF — Top 5 changes that are happening from today

Thu, Apr 01, 2021

As we enter a new Financial Year today, there are 5 changes that is happening from Thursday (April 1, 2021) and will directly impact earning individuals. 

More >
PAN Aadhaar Link Last Date Extension Latest News: BIG RELIEF! EXTENDED! Check new deadline by Modi government

PAN Aadhaar Link Last Date Extension Latest News: BIG RELIEF! EXTENDED! Check new deadline by Modi government

Wed, Mar 31, 2021

PAN AADHAAR LINKING LAST DATE EXTENDED: In a major development in PAN Aadhaar Linking, Central Government has extended the last date. 

More >
Revision in income tax return, PMAY subsidy, auto-payment of credit, debit card to dual air bags — FULL LIST of top 10 changes from April 1, 2021

Revision in income tax return, PMAY subsidy, auto-payment of credit, debit card to dual air bags — FULL LIST of top 10 changes from April 1, 2021

Wed, Mar 31, 2021

Changes from April 1: Amid arrival of the new Financial Year 2021-22, some big changes are going to take place starting April 1, 2021 that will have a direct impact on every working person.

More >
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