How to Calculate Income Tax Online: – An income tax is a tax which is imposed on individual or taxpayers accordingly the income or from taxable income. Basically, this tax is imposed by the government on taxable income of an individual, companies, association of persons, firms, body of individuals, local authority, and any other artificial judicial person. Income tax is one of the major wellsprings of government funds which use to serve the public for better. So in case you are also income taxpayers and you are finding some kind of difficulties to calculate your income tax we are here to helping you. As we all very well known that who important to pay income tax and it is a legal subject as well. With the help of income Tax Calculator, you can simply calculate your net income tax liability for the current Assessment Year. That’s mean you would paying tax for the income earned during the last financial Year (1 April to 31 March). In simple word Income, Tax Calculator is a simple web-based tool which helps one to get the exact and correct amount of payable tax.
Procedure to Calculate Income Tax Online
Here we are offering you some simple steps with the help these steps you can easily calculate your income tax. Follow the steps which are provided below:-
- Visit the official website of Income Tax Department which is www.incometaxindia.gov.in
- Second step: – Select Taxpayers Services tab.
- Third Step: – Click on Tax Information and Services
- Fourth Step: – In Tax Information and Services you will find Income and Tax Calculator link click on that.
- Fifth Step: – After clicking on Income and Tax Calculator link Income and Tax Calculator form will flash.
- Sixth Step:- Start filling the information such as-Select Assessment Year, Select Tax Payer (Individual/ HUF/ Firms/ AOPs/BOI/ Domestic Company/ Foreign Company), Select (Male/ Female/ Senior Citizen),Income from House Property, Capital Gains, Income from Other Sources and many other details.
- At last: – Click on Calculate button
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