on the income earned by an individual or business after certain deductions. Due to multiple income tax slab rates combined with many tax exemptions and deductions, calculation of income tax can be a challenging task. Not with the presence of an easy-to-use online income tax calculator, though...
Use our income tax calculator to calculate tax payable on your income for FY 2024-25 (old tax regime vs new tax regime), FY 2023-24, and FY 2022-23. Get accurate results in just a few simple steps! 1Basic details 2Income details ...
Under the Indian income tax laws, each taxpayer is charged a different rate according to the tax slab that they come under. On the other hand, companies and firms have a fixed taxation rate charged on the profit earned during a fiscal year. For this reason, the income earned by people is...
Stay Updated on Income Tax, Investing, EPF etc Join our Telegram Channel(BeMoneyAware) The last date to file ITR for individuals for FY 2023-24 (AY 2024-25) is 31 Jul 2024. Details here Learn Properly How to show Capital Gains on Mutual Funds, Indian Stocks, ESPSs, RSUs of MNCs, Fi...
Does every one has to pay same amount of tax? No Income tax depends on the income earned, more the income, more the tax. The income slab also varies with age(less than 60,between 60 – 80 years, more than 80), residence(india/non-resident India), gender(male/female) and financial ...
Assessment Year: Income Tax return, ITR, is bound to an assessment year. For income earned in FY 2015-6 assessment year is AY 2016-17. Income Tax return forms(physical and excel) of AY 2016-17 and AY 2015-16 are different,. A revised return for the correct assessment year needs to ...
Income Tax Calculator Made Easy for Tax Filing You can follow the simple steps below to calculate your payable income tax using an income tax calculator. 1 Select the assessment year to calculate the tax. For instance, if you are paying tax for FY 2023-24, choose AY 2024-25. ...