Income tax calculator | incometaxefiling | income tax return

Income tax calculator

Income tax calculator

Income tax calculator


Free tools INCOME TAX CALCULATOR
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Newly proposed income tax slabs:
No income tax for those earning less than Rs 5 lakh.
Income between Rs 5 lakh and Rs 7.5 lakh annually will be taxed at 10 per cent.
Income between Rs 7.5 lakh and Rs 10 lakh will be taxed at 15 per cent.
Income between Rs 10 lakh and Rs 12.5 lakh will be taxed at 20 per cent.
Income earning between Rs 12.5 lakh and Rs 15 lakh will be taxed at 25 per cent.
Income above Rs 15 lakh will continue to be taxed at 30 per cent.
New Income Tax Slabs 2020-21 (Optional)
New RatesOld Rates
Under Rs 5 lakhNo tax0% for income upto 5 lakh. 5% for income greater than 2.5 lakh if total income greater than Rs 5 lakh.
Rs 5 lakh to Rs 7.5 lakh10%20%
Rs 7.5 to 10 lakh15%20%
Rs 10 lakh to Rs 12.5 lakh20%30%
Rs 12.5 lakh to Rs 15 lakh25%30%
Above Rs 15 lakh30%30%
The finance minister said that a person earning above Rs 15 lakh per anum and not availing any deductions will pay Rs 1.95 lakh tax, instead of Rs 2.73 lakh now. The tax calculations, however, would vary based on the number and type of deductions one used to avail.
It is important to note that tax payers can continue to pay taxes at current rates without shifting to the new regime. However, in order to avail the new tax rates, the individuals need to let go of exemptions.

 Incometaxefiling

Registration & Login Guide for Incometaxefiling 


Income Tax Registration Procedure to complete Incometaxefiling 

First step is to register on income tax website:-

A) If you are individual


Prerequisite for Incometaxefiling

Before taxpayers start registration, ensure the following details should be hand-in-hand.
  • Valid PAN
  • Valid Mobile Number
  • Valid Current Address
  • Valid Email Address, preferably your own

Registration Process to file Incometaxefiling

Perform the following steps to register as a 'Individual User':
Step 1Visit the 'e-Filing' Portal www.incometaxindiaefiling.gov.in or chat wih us.
Step 2Click 'Register Yourself' button located at right side of the Home Page.
Step 3Select the user type as 'Individual' ⇒ Click Continue
Step 4Provide the following basic details:
  • PAN
  • Surname, First Name and Middle Name
  • Date of birth
  • Residential Status
Step 5Click 'Continue'
Step 6Fill in the following mandatory details:
  • Password Details
  • Contact Details
  • Current Address
Click 'Submit'
Step 7After registration,
For Residents, a six digit OTP1 and OTP2 will be shared on your mobile number and email ID, specified at the time of registration.
For Non-residents, OTP will be shared on your primary email ID, specified at the time of registration.
Step 8Enter the correct OTP to complete the registration process
Note:Your OTP will expire after 24 hours from the actual time of receipt. Hence, registration process will be expired. You need to register again from the beginning.




Income tax return

If you need help to file for filling income tax return please contact with us on Taxwill4u@gmail.com


 


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