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.
Quick Recharge! Pay electricity bills, fill Aadhaar, PAN card applications and more at RailWire kiosks soon
Thu, Jan 06, 2022
Rail passengers will soon be able to recharge their phones, pay electricity bills, fill Aadhaar and PAN card applications and even file taxes using the Common Service Center (CSC) kiosks, as per PTI report.
Income Tax Return Filing: 46.11 lakh ITRs filed on 31 December 2021; 48% jump in last day filing over previous year
Sun, Jan 02, 2022
As on 10 January, 2021 (the extended due date for ITRs for AY 2020-21), the total number of ITRs filed was 5.95 crore with 31.05 lakh ITRs filed on the last day on 10 January, 2021 as against over 46.11 lakh ITRs filed on the last day this year
Wed, Dec 29, 2021
The Central Board of Direct Taxes mentioned that large number of electronically filed ITRs for the Assessment Year 2020-21 still remain pending with the Income-tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru or pending e-Verification from the taxpayers concerned.
Wed, Dec 22, 2021
The move will help curb the menace of fake billing whereby sellers would show higher sales in GSTR-1 to enable purchaser to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability
Received notice from Income Tax department? Did you make any of these transactions? Expert suggests this checklist
Sat, Dec 18, 2021
If an individual makes high-value cash transactions, there is a strong possibility that he/she might get a notice from Income Tax Department. The different cash-related transactions include banks, mutual fund houses, brokerages, and property registrars
Income Tax Return: File ITR before due date or pay late filing fees of Rs 5,000; Know what IT Department says
Mon, Oct 11, 2021
As per the information provided by the Income Tax Department, if a person who is required to furnish a return of income under section 139 fails to do so within the time prescribed then they will have to pay interest on tax due.