Tax calculator 2016 india

Free for Simple Tax Returns. Maximum Refund Guaranteed. Get a Jumpstart On Your Taxes!

Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.

Income tax is the main source of fund where the government use it to fund its activities and serve the public. 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. Include your total income, filing status, deductions, and credits. Tax Calculator and Refund Estimator. Access IRS Tax Forms.

Complete, Edit or Print Tax Forms Instantly. Industry-Specific Deductions. Get Every Dollar You Deserve.

File Taxes From Your Home. Planing of Income Tax is essential requirement for each individual. Prevent new tax liens from being imposed on you. Paying timely and accurate income tax is responsibility every citizen of India.

However, Finance Minister Shri Arun Jaitley proposed to levy a surcharge at the rate of on individuals, HUFs,. 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. The Salary Calculator calculates your PF and EPF to be of your Basic Pay and Gratuity as 4. If your PF is paid as a different percentage, you need to enter the actual mount paid to you in the PF field for accurate calculations. This will also enable you to calculate your net tax payable for the current assessment year. We have developed a user friendly income tax calculator ( tax calculator ) for individual users of India.

The burden of indirect taxes, like service tax , VAT, etc. Direct Tax , like income tax , wealth tax , etc. The statement gives details of revenue from all sources, and expenditure on all activities that the government will undertake for the fiscal year.

Download excel based Income tax calculator tool, which can be used for computing tax for income from salary, pension, house rent and capital gains. For Income Tax Purpose – citizens above age of are considered as Senior Citizens and above age of are considered Very Senior citizens. When you use our tax calculator, we’ll ask you questions about these details to give you a better estimate of your refund or taxes due.

Standard deduction vs. You may reduce taxable income by either claiming the standard deduction or itemize deductions. The sum of income from all the sources above is calculated according to the provisions of Income Tax Act. The tax rates in India vary according to the earnings of an individual and are referred to as Income Tax slabs. Advance tax schedule: As per income tax rules, of income tax should be paid by 15th Sept, by 15th Dec and rest by 31st March.

Calculate gross value, gross charges and service taxes in India. Input gross amount that does or does not include taxes, service tax rate and education Cess tax rates to calculate out your gross values and total services taxes. This tool helps compute your take-home income, income tax and SSNIT contribution based on your gross income. Use this tool to calculate how much capital gain tax you will need to pay on gains from. The online income tax calculator is a great help, but you should have an idea of how to calculate income tax on your own.

Lets take the example or Mr Patel, who is 4 has an annual salary of Rs.