Yes, now it's easy to compute your tax liability if you are aware of your total net income. The Income Tax department has provided a calculator which helps you to calculate your tax liability based on your taxable income. Here, you need not download any software or excel for calculation.

Steps to compute tax

Step 1-Visit income tax site

Step 2-Select the assessment year

Step 3-Select type of Assesseee

Step 4 - If your Assessee type is Individual than select

Income of Individuals as

• Resident - Female
• Resident - Senior Citizen (60 years or more but less than 80 years)
• Resident - Very Senior Citizen (80 years or more)
• Any Other

Step 5- Enter your net income

Step 6- Click on Compute tax liability

* Your liabilities will be known

This calculator provides deduction along with Income-tax Surcharge, Education Cess, Secondary and Higher Education Cess. This is hassle free calculation where you can compute your tax liabilities in a few seconds.

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