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 Return AY 2020-21: Here is how much penalty you will have to pay for late filing
Mon, Oct 26, 2020
Income Tax Return AY 2020-21: Giving a big relief to taxpayers, the Income-Tax (I-T) Department extended the last date for filing of individual Income Tax returns (ITRs) for FY 2019-20 or Assessment Year (AY) 2020-21 by another month till December 31.
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Income Tax Return filing: Opting for new regime? This is the new form you need to fill
Wed, Oct 07, 2020
Income Tax Return filing: Are you one of those opting for the new income tax regime? Then, there is a new form that you need to fill. The Central Board of Direct Taxes (CBDT) notified a new form to be filled by those opting for the new tax regime for financial year 2020-21.
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ITR Last Date: CBDT again extends last date for Income Tax Return filing for AY 2019-20; check new deadline
Wed, Sep 30, 2020
ITR Last Date: CBDT has once again extended the deadline for Income Tax Return (ITR) filing for the Assessment year or AY 2019-20. The new deadline for the ITR filing for AY 2019-20 is 30th November 2020.
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Big announcement by Finance Ministry on scrip-wise reporting of shares in Income Tax returns - What it means for stock market, traders
Mon, Sep 28, 2020
In a major announcement, the Finance Ministry has said there is no requirement of scrip-wise reporting in the Income Tax returns form for day trading or short-term sale/purchase of listed shares.
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CBDT takes major step to simplify tax process, launches Faceless Appeals; know how taxpayers will benefit!
Fri, Sep 25, 2020
The Income Tax Department today launched Faceless Income Tax Appeals under which all income tax appeals will be decided in a faceless manner, according to a government release. The Central Board of Direct Taxes (CBDT) which launched this service has made provisions of faceless settlements under this faceless ecosystem
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NOTICE! Important Income Tax alert for taxpayers - Know complete details here
Wed, Sep 23, 2020
To deal with the irregularities in income tax payment, the tax department has started taking stern actions against the offenders. The Income Tax Department has started sending notices on non-payment of taxes or irregularities. The notices are being sent for big and small amounts Zee Business’ Brajesh K. Mishra has the full report
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Income tax return filing: Only 15 days left! Do this before September 30 to avoid penalty
Thu, Sep 17, 2020
Income tax return filing: It is the duty of every salary earner to file income tax returns. And, if you are an income tax payer, you need to complete a highly important task before September 30 to avoid penalty.
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Good news for customers! Private lenders waive off charges on UPI-based transactions
Fri, Sep 04, 2020
If you have been making payments through UPI, your transactions are set to get cheaper. Private banks have decided to waive off charges on Unified Payments Interface (UPI)-based transactions after the Central Board of Direct Taxes (CBDT) asked banks to refund the fee collected from customers and merchants for UPI transactions from January onwards.
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Income Tax returns: Banks, Post Offices can now check your ITR to deduct TDS
Fri, Sep 04, 2020
Income Tax returns: There is no running away for taxpayers anymore! If you are withdrawing a large amount of money and are yet to file Income Tax Returns, then banks can apply TDS (Tax Deducted at Source) in case of withdrawals beyond a certain threshold.
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