How to Calculate Income Tax on Salary With Example | Easy Calculation

Income tax is seen by many as a necessary evil. The constantly changing tax laws and terms like tax exemption, tax saving, tax deduction, tax rebate, etc., make taxes difficult to understand. In most cases, we do not realise how much money we are taxed on and how much money we can save.

Income Tax Calculator 2022-2023 | Tax Calculator 2021-22 | Tax Calculator India

Just enjoy the fun of Income Tax Calculation for the FY 2021-2022 and 2022-2023 using this income tax apps. This will help you calculate your payable tax and income tax return filing for the current FY 2021-2022and next FY 2022-2023 in New as well as Old Regime, following the Union Budget 2021 and 2022 in the simple way. Use this Income Tax Apps and your all headache regarding tax calculation will vanish and simultaneously the confusion regarding Old and New Regime will be over. You need not know the complex taxes. Act or Rule as this is suffice to anchor you in your more suitable Regime. So just take it up…

નવા INCOME ટેક્સ સ્લેબ અને જુના INCOME ટેક્સ સ્લેબ વિશે વિગતવાર સમજૂતીનો વિડીયો જોવા માટે અહીં ક્લિક કરો

Tax fraud can result in legal penalties such as severe fines and jail. Everyone wishes to live a luxurious life but believes it is difficult due to the fact that a large portion of their salary is spent on taxes. Knowing how to do accurate calculations and deductions aids in proper money investment and tax savings, allowing you to live the lavish life you've always wanted. It also prevents from committing tax fraud.

According to the Union Budget 2021, senior citizens over 75 years of age are excluded from filing Income Tax Returns for the financial year 2021-22 if their only source of income is pension and interest income, both of which are deposited/ earned in the same bank.

If you had a loss during the financial year that you want to carry forward to the next year to offset positive income in the following year(s), you must file a claim of loss by filing your return before the due date.

Easy and fast calculation of Income Tax for Salaried and Pensioners.

Income Tax Calculator is a utility app that helps you calculate the tax for your income in no time based on the latest Indian tax rates. This app is a useful tool for Indian individuals, especially Salaried employees and Pensioners. In this app, you can calculate tax for the Financial years 2018-19, 2019-20, 2020-21, 2021-22, and the Financial Year 2022 - 2023 (AY 2023-24).

Find Income Tax Slab Rates for Financial Year 2018-19 onwards.

Available a number of new tax-saving ideas.

Besides, find here easy-to-follow guidelines on how to file Income Tax returns. Follow the guidelines to know "How to register in the e-filing portal for online submission of ITR", "How to login to the income tax portal", "How to choose ITR Forms", and "How to e-Verify your Return" etc.