Income Tax Calculator

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Income Tax Calculator
Powered by www.taxqueries.in
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Contents

• Income Tax Calculator
• Income Tax Slab Rates
• Income Tax Deduction
• How to calculate Income Tax

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Income Tax Calculator

• For every tax paying individual, it is necessary
  to have a working knowledge of how income tax is
  calculated.
• Every Salaried and Self-employed Individuals in
  these days are aware their liability towards
  taxes. So here we are providing you how an
  individual can calculate their tax liability
  online with this Income tax calculator. 
• With the new Income Tax Calculator, you can
  calculate the accurate Income tax amount.

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Income Tax Calculator India

• Income Tax Calculator India is provided here for
  the use of salaried employees of government and
  private sector prepared from Proposed Changes as
  per the Income Tax Act,1961 by Union Budget
  2017-18. 
• This Annual Tax calculator will help you to
  calculate your net income tax liability for the
  current Assessment Year (AY 2018-19).
• Online Income Tax Calculator 2017 is helpful to
  compute tax liability on taxable income is
  provided by the Income Tax Department.

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Income Tax Calculator India

• Income Tax Calculator India is to be aware of the
  taxation slabs proposed by the Indian Government
  for each financial year.
• The tax liability is calculated by Income Tax
  Slab Rate proposed by the Union Budget 2017-18
• You can calculate the exact and accurate Income
  tax amount using this calculator.

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Income Tax Slab Rate

• Check out the Income Tax slab AY 2017-18 for the
  Individual under 60 years.

Income Tax Slab Tax Rate
Up to Rs. 2,50,000/-  NIL
Rs. 2,50,001/- up to Rs. 5,00,000/-.  10
Rs. 5,00,001/- up to Rs. 10,00,000/-. 20
Rs. 10,00,001 and Above 30
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Income Tax Deduction

• The Income Tax Deductions in India will help you
  to reduce the amount of tax every assesse.
• To claim the Tax deductions proposed by the
  Taxation Department of India, the taxpayer must
  have a clear idea about the Deductions.
•  Check out the following Tax deductions to Save
  the maximum amount of tax defined under different
  sections of the Income Tax Act, 1961.

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How to calculate Income Tax

• Total Taxable Income is the income that is liable
  to tax. Total Taxable Income comes from deducting
  the applicable deductions as per the section
  offered by Income Tax Act, 1961 from the Gross
  Total Income.
• You can calculate the Total taxable income
  manually or by the use of this Income Tax refund
  calculator here. For the calculation of Income
  tax check out the following formula.
• Total Taxable Income Gross Total Income
  Deductions.

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Income Tax Calculator

• Income Tax slab rates will change as per Union
  Budget for every year. However, it is best to use
  the Income Tax calculator India to calculate the
  taxable Income with few click.
• The Income Refund Calculator will give you the
  clear estimation of Income amount to be paid
  along with the clear calculation steps.
• Check out the Income Slab for AY 2017-18 for
  calculating in Tax on Income Tax return
  Calculator 2017-18. 

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Steps to calculate Income tax through online

• Select the Assessment year in the Online Tax
  Calculator as AY 2017-18.
• For this AY 2017-18, the Financial year is FY is
  2016-17.
• Choose the Taxpayer type using the drop down list
  Individual/HUF/AOP/BOI/Domestic company etc.
• Now, you have to select the Age type of the
  Assesse such as male/ female and senior citizen/
  super senior citizens.
• After that Enter the Residential Status of the
  Assesse (Resident/ Non-Resident).
• Now you can enter the Income from salary, other
  details and click on Calculate.
• After the deductions are made as per the sections
  of Income Tax Act, 1961, the Income Tax Slab for
  AY 2017-18 are applied.
• The Net Taxable Income is displayed.
• Surcharge and Education Cess is applied as per
  Income Tax Rules.
• Now, at last, the Total Tax Liability Income is
  displayed.
• File the Income tax return before the last date.

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THANK YOU
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ax/income-tax-calculator/