Income Tax Launches Tax Calculator for A.Y. 2015-16

Income Tax Department on its website http://incometaxindia.gov.in has added a new feature. They have introduced an online Tax Calculation and Income and Tax Calculator software. The Tax Calculator is as per Union Budget 2014-15. This Calculator can also be used to send e-mails of computation generated.

USE TAX CALCULATOR

Link to Tax Calculator -

http://www.ngoandtaxconsultant.in/2014/07/income-tax-calculator.html#.U89VxbHPLIc

 

Tax calculator:

 Tax Calculator will give the calculation of Income Tax Payable for all types of Persons i.e.

• Individual
• HUF
• AOPs/BOI
• Domestic Company
• Foreign Company
• Firms
• LLP
• Co-operative Society

A screen shot of Tax Calculated for Individual with Rs. 600000.00 as taxable Income for A.Y. 2015-16 is given below:

The above calculator can be used for calculating Tax for the A.Y. 2010-11 to 2015-16

 

Income and Tax Calculator-

If a person wants to make a Computation of Taxes he/she can use Income and Tax Calculator. You will just have to fill your Income from Various heads, the amount of deductions and it will print a computation for you.

Below is a screen shot of Computation of a person earning Salary of Rs. 60000.00 in the A.Y. 2015-16

Add caption

The above calculator can be of help to a lot of taxpayers who cannot afford the price of Income Tax software and also to many other people.

To calculate you Taxes through the above mention calculator CLICK HERE