Money Excel - Personal Finance Blog

Menu
  • Home
  • Business Ideas
  • Stock Market
  • Mutual Funds
  • Incometax
  • Credit Card
  • Insurance
  • Downloads
Home
Incometax
New Online Income Tax Calculator by Income Tax Dept

New Online Income Tax Calculator by Income Tax Dept

Raviraj Parekh May 31, 2020

income tax calculator

Income Tax department has recently launched new online income tax calculator for 2016-17. This online income tax calculator will help individual to calculate the tax before filing tax return. Income tax department has already notified new ITR forms for filing returns. It is also expected that E-filing to IT returns for individuals for AY 2016-17 will commence soon. This new online calculator by Income tax will help you to calculate your tax liabilities.

New Online Income Tax Calculator

This online income tax calculator is hosted on Income tax website and designed for providing assistance to tax payer before filing income tax return. This tax calculator is updated by CBDT for every financial year. Current tax calculator is updated as per Union budget 2016-17 and allows you to calculate current year tax liability also.

Also Read – Cost of Child Education – Planning and Calculator

Features of New Income Tax Calculator

Do not miss below posts -
  • Income Tax Slab FY 2020-21 – Budget 2020-21 Review
  • Budget 2015- Wish list of Salaried People
  • Tax calculation for black money – 200% Penalty
  • This online tax calculator provides facility for computing tax liability for assessment year starting from 2010-11 to 2016-17.
  • This tax calculator also allows to calculate tax for HUF, Domestic Company, Foreign Company, firm, LLP, co-operative society etc.
  • Option for selecting tax calculation for Male, female, senior citizen, super senior citizen.
  • Provision for calculating tax for Resident and Non –Resident
  • Tax calculation including income from House Property, Capital Gains and other sources.

Also Read – Income Tax Calculator Download – FY 2018-19

How to use Income tax calculator

You can access income tax calculator by visiting Incometaxindia.gov.in -> tax tool section. Alternatively you can access this calculator by clicking here.

In order to compute tax detail you need to select assessment year and provide relevant inputs about your income and other details. Once you are done this calculator will calculate your tax liability automatically.

Income Tax Calculator

Under disclaimer it is mentioned that this tax calculator is only to enable public for quick and easy access to basic tax calculation. This tax calculator does not claim that it gives actual tax calculation in all circumstances. One can use this calculator as a reference for the calculation purpose only.

Tweet
Share
Whatsapp
Pinterest
Prev Article
Next Article
Tags:income tax calculator income tax calculator online new incometax calculator online income tax calculator

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

Leave a Reply Cancel Reply

Search

Top Posts & Pages

  • Rakesh Jhunjhunwala Portfolio Holdings - April 2021
  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • 235 Small Business Ideas with Low Investment in 2021-22
  • 20 small manufacturing business ideas with low cost
  • 10 Best Small Trading Business Ideas
  • How to check Property Records and Land Records online in India?
  • Download Income Tax Calculator FY 2021-22 (AY 2022-23)
  • 10 ways to Convert Black Money to White
  • Top 60 Manufacturing Business Ideas

Subscribe to Blog via Email

Join 5,483 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |