Income Tax Calculator Free

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Fill out the all required details

Then Click Calculate to know income tax result.

This calculator can be used by any Indian resident who receives a salary or has any other form of income to determine their income tax.

An income tax is a type of direct tax that the applicant must pay based on their individual income or profit. In other words, it refers to the tax imposed on income.

When your income exceeds the Basic Exemption Limit, income tax is due. Every year, the government specifies this cap. The only basic exemption threshold is Rs. 2.5 lakhs. For those with incomes under 5 lakhs, there is a rebate of Rs 12500 available under Section 87A.

Any income made between April 1 and March 31 is subject to tax. The "prior year" is the year in which the income was earned, and the "assessment year" is the year in which the tax is computed.

To be able to set aside the money you will need for paying taxes at the time of submitting a return, you should calculate your taxes in advance. Hence, you don't need to hustle to secure funds at the time of filing your return. The other advantage is that it informs you if your taxes will increase or decrease from the previous year.

In India, income tax is computed using the tax rates and slabs established by the Finance Minister in the annual budget.

Indeed, it uses the data you enter to determine your tax due. The same can undoubtedly be used to calculate your taxes for 2021–2022 and 2022–2023. Your tax obligation will be roughly the same, depending on the information that is actually available.

It is simple to estimate your annual tax payment with the aid of an online tool. The Tax2win calculator is available for use. It gives you a quick, easy, and user-friendly approach to calculate your income tax liability and gives you accurate results quickly.