Income Tax Calculator India

We have updated our tool in line with the income tax changes proposed in the union budget 2020 21 read the highlights here.

Income tax calculator india. Use our online income tax calculator india to calculate income tax for fy 2020 21 on the basis of tax slab. The income tax department never asks for your pin passwords or similar access information for credit cards banks or other financial accounts through e mail. Calculate income tax for ay fy 2020 2021. India has never had two separate and parallel income tax regime in the history of income tax.

Expressly disclaims any liability to any person if tax benefits stated above are denied to the income tax calculator user. Quickly estimate your income tax and tax refund amount. The income tax department appeals to taxpayers not to click on hyperlinks contained in such phishing mails not to respond and not to share information relating to their credit card. The income tax calculator user shall use his discrete knowledge and verify the fact of the content and seek professional advice before making any decision.

The finance minister has clearly told in her budget speech that this new tax regime will definitely give relief to the tax payers. You can use this finance calculator to get reliable results on the financial year 2020 2021 calculations within the fractions of seconds. The income tax calculator is an easy to use online tool that helps you estimate your taxes based on your income after the union budget is presented. The income tax department never asks for your pin numbers passwords or similar access information for credit cards banks or other financial accounts through e mail.

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. How to calculate income tax in india. In case you want to calculate your income tax without using the income tax india calculator it s not very difficult. To make your tax calculations easier we have designed and provided an exclusive financial tool called income tax calculator india 2020 2021.

You need to follow following steps using the below example. The income tax department appeals to taxpayers not to respond to such e mails and not to share information relating to their credit card bank and other financial accounts. Amit is salaried employee with following salary structure. You will need your form 16 from your company in order.

Income tax has to be filed by every individual who earns more than rs 2 5 lakh in an assessment year.