Income Tax Calculator AY 2015-2016

As the Dates for filing Income Tax returns for Financial Year 2014-2015 (AY 2015-2016) is coming close, all the taxpayers are visiting offices of their Tax Consultants to get your Tax calculated. The reason being, to pay the due taxes in time and to avoid unnecessary Interest charges. Tax Calculation is a integral part before Efiling or Manually filing of Income Tax returns. Tax Professionals are having resources of Act, Rules, Income Tax Softwares which cost thousands of rupees. A normal person will not buy such items due to cost and also these are of no use to them after one use (Since Tax rules are amended every year).

This years Income Tax return forms are already been notified by the Income Tax Department, to know the full details: http://www.casamachar.com/2015/06/new-amended-itr-forms-notified-by.html.

The due dates are also been increased to 31st August, 2015 for Non Audit cases. The taxpayers are now ready to file their return and to facilitate the process, Income Tax has launched the TAX CALCULATOR FOR AY 2015-2016.

The tax calculator will allow Income Tax calculation from AY 2010-11 to AY 2015-2016. It is available for all types of persons i.e. Individual, HUF. Company, Firms, LLP, Society, AOP/BOI etc.The above mentioned Calculator can be used by visiting following link of Income Tax Website:

http://www.incometaxindia.gov.in/Pages/tools/tax-calculator.aspx