July 23, 2014

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

Income Tax Department on its website 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.


Link to Tax Calculator -


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:
Income Tax Calculator
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
Income Tax Calculator
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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

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