For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

How to compute your tax using an IT calculator?

|

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.

How to compute your tax using an IT calculator?
 

Steps to compute tax

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.

GoodReturns.in

Read more about: tax
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more