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
Soon, you will get PAN card instantly without a long process
Tue, Feb 04, 2020
The income tax payers might soon get instant PAN cards from the income tax department, allowing them to skip the hassle of filing a detailed form. The proposal was made by finance minister Nirmala Sitharman in her Budget 2020 speech.
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Budget 2020: Full list of exemptions and deductions you will miss out on under new income tax slabs regime
Tue, Feb 04, 2020
Budget 2020: The new income tax regime proposed by the Finance Minister in her Budget 2020 speech has led to a lot of confusion among taxpayers. The taxpayers need to assess their options carefully to find out which system allows them to save more.
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After Budget 2020, here is important Income Tax clarification issued by CBDT - Read Full Text
Mon, Feb 03, 2020
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India, has issued an important clarification pertaining to a proposal in the Finance Bill.
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Income tax slabs: New tax structure gives option to save tax, says Revenue Secy
Mon, Feb 03, 2020
The new lower income tax rates offered in the Budget 2020-21 will leave more cash in the hands of those who do not wish to make compulsory investments to save tax, said Revenue Secretary Ajay Bhushan Pandey. In an interview with PTI, he said the Budget gives an option to individuals to migrate to
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Two tax systems give flexibility, widen people''s choice: Revenue Secretary Ajay Bhushan Pandey
Mon, Feb 03, 2020
"People don`t have to keep a track of how much money they have invested in PF, national saving certificates, medical insurance or some pension scheme. So, none of those things are required to be maintained," the Revenue Secretary said.
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Budget 2020: 5 money-related changes that will have an impact on your pocket
Mon, Feb 03, 2020
Budget 2020: Finance Minister Nirmala Sitharaman made several tax-related announcements in Budget speech on Saturday that are likely to have an impact on your money. The finance minister said that the budget had provisions to boost the income and purchasing power of taxpayers.
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New tax slabs proposed in Budget to benefit taxpayers?
Sun, Feb 02, 2020
Talking about the new personal income tax regime and slabs proposed by Finance Minister Nirmala Sitharaman in her budget speech on Saturday, the CBDT chairman said the aim of the government is to "give benefit of lower taxes to both corporates and individuals".
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Budget 2020: FM Nirmala Sitharaman introduces simplified income tax regime for individuals - See detailed chart of chart with tax brackets
Sun, Feb 02, 2020
Union Finance Minister Nirmala Sitharaman who presented the Union Budget 2020-21 on Saturday in the Parliament has proposed a new simplified the individual tax regime for the financial year 2020-21 (FY21).
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Budget 2020: All the tax exemptions taxpayers will have to let go in new tax regime
Sat, Feb 01, 2020
Budget 2020: The government has made changes in the income tax slabs. The change in income tax slabs has been brought with some conditions. The taxpayers have the option to stick to the current scheme or switch to the new one introduced in the budget
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Budget 2020: Expert explains how your EPF, NPS could become taxable
Sat, Feb 01, 2020
Budget 2020: While the government has decided to rejig the tax structure by introducing new slabs and reducing tax rates in almost all categories, your contribution towards employees provident fund, national pension system and other investment instruments might become taxable.
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Budget 2020: Government intends to remove all Income Tax exemptions in long run, says Nirmala Sitharaman
Sat, Feb 01, 2020
This important statement by FM Nirmala Sitharaman came after she introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions.
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Income Tax: Earning Rs 15 lakh annually? Here is what you must know
Sat, Feb 01, 2020
Tabling Budget 2020, Finance Minister Nirmala Sitharaman proposed to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions.
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Income Tax slabs 2020: How much you will have to pay now?
Sat, Feb 01, 2020
Income Tax slabs 2020: The Modi government on Saturday introduced new slabs for taxpayers in India, while reducing the tax rate for different slabs for people with income up to Rs 15 lakh per annum, if they opt for foregoing exemptions and deductions.
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