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Income Tax Calculator

Online Income Tax Calculator 2017 is helpful to compute tax liability on taxable income is provided by the Income Tax Department.<br>Check all the details

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Income Tax Calculator

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  1. Income Tax Calculator Powered by www.taxqueries.in

  2. Contents • Income Tax Calculator • Income Tax Slab Rates • Income Tax Deduction • How to calculate Income Tax Powered by www.taxqueries.in

  3. Income Tax Calculator • For every tax paying individual, it is necessary to have a working knowledge of how income tax is calculated. • Every Salaried and Self-employed Individuals in these days are aware their liability towards taxes. So here we are providing you how an individual can calculate their tax liability online with this Income tax calculator.  • With the new Income Tax Calculator, you can calculate the accurate Income tax amount. Powered by www.taxqueries.in

  4. Income Tax Calculator India • Income Tax Calculator India is provided here for the use of salaried employees of government and private sector prepared from Proposed Changes as per the Income Tax Act,1961 by Union Budget 2017-18.  • This Annual Tax calculator will help you to calculate your net income tax liability for the current Assessment Year (AY 2018-19). • Online Income Tax Calculator 2017 is helpful to compute tax liability on taxable income is provided by the Income Tax Department. Powered by www.taxqueries.in

  5. Income Tax Calculator India • Income Tax Calculator India is to be aware of the taxation slabs proposed by the Indian Government for each financial year. • The tax liability is calculated by Income Tax Slab Rate proposed by the Union Budget 2017-18 • You can calculate the exact and accurate Income tax amount using this calculator. Powered by www.taxqueries.in

  6. Income Tax Slab Rate • Check out the Income Tax slab AY 2017-18 for the Individual under 60 years. Powered by www.taxqueries.in

  7. Income Tax Deduction • The Income Tax Deductions in India will help you to reduce the amount of tax every assesse. • To claim the Tax deductions proposed by the Taxation Department of India, the taxpayer must have a clear idea about the Deductions. •  Check out the following Tax deductions to Save the maximum amount of tax defined under different sections of the Income Tax Act, 1961. Powered by www.taxqueries.in

  8. How to calculate Income Tax • Total Taxable Incomeis the income that is liable to tax. Total Taxable Income comes from deducting the applicable deductions as per the section offered by Income Tax Act, 1961 from the Gross Total Income. • You can calculate the Total taxable income manually or by the use of this Income Tax refund calculator here. For the calculation of Income tax check out the following formula. • “Total Taxable Income = Gross Total Income – Deductions.” Powered by www.taxqueries.in

  9. Income Tax Calculator • Income Tax slab rates will change as per Union Budget for every year. However, it is best to use the Income Tax calculator India to calculate the taxable Income with few click. • TheIncome Refund Calculator will give you the clear estimation of Income amount to be paid along with the clear calculation steps. • Check out the Income Slab for AY 2017-18 for calculating in Tax on Income Tax return Calculator 2017-18.  Powered by www.taxqueries.in

  10. Steps to calculate Income tax through online • Select the Assessment year in the Online Tax Calculator as AY 2017-18. • For this AY 2017-18, the Financial year is FY is 2016-17. • Choose the Taxpayer type using the drop down list [Individual/HUF/AOP/BOI/Domestic company etc. • Now, you have to select the Age type of the Assesse such as male/ female and senior citizen/ super senior citizens. • After that Enter the Residential Status of the Assesse (Resident/ Non-Resident). • Now you can enter the Income from salary, other details and click on “Calculate”. • After the deductions are made as per the sections of Income Tax Act, 1961, the Income Tax Slab for AY 2017-18 are applied. • The Net Taxable Income is displayed. • Surcharge and Education Cess is applied as per Income Tax Rules. • Now, at last, the Total Tax Liability Income is displayed. • File the Income tax return before the last date. Powered by www.taxqueries.in

  11. THANK YOU For more details http://www.taxqueries.in/income-tax/income-tax-calculator/ Powered by www.taxqueries.in

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