Click on ‘Tax Calculator FY 2020-21 On the next page, choose your age from the dropdown Enter your Estimated Annual Income which is your gross income from all sources ...

STEPS TO CALCULATE INCOME TAX: New Regime vs Existing Regime - Tax Calculator for Resident Individuals FY 2020-21. 1-SELECT AGE. 2- Estimated Annual Income. 3- Less: Exemptions/Deductions. 4-Now, ...

For financial year 2020-21 (assessment year 2021-22) the new ITR forms have been notified on 31st March 2021. Returns for the current tax filing season are to be filed in these forms.

Finance Minister Nirmala Sitharaman, on February 1, proposed significant changes to the country's direct tax regime, proposing two options for paying income tax in fiscal year 2020-21 (FY21), also ...

Open income-tax department’s e-filing website https://www.incometaxindiaefiling.gov.in Click on ‘Tax Calculator FY 2020-21 On next page, choose your age from the dropdown ...

Giving big relief to tax payers, the government has extended income tax returns filing date for FY 2020-21 till September 30. This has been done keeping in mind the hardship faced by common man during ...

The Government has kept the so-called "low and middle income tax offset" (LMITO) for the 2020-21 financial year, so eligible workers will receive another one-off tax reduction at tax time next ...

While arriving at the above threshold limits for filing the ITR various deduction available under Chapter VIA like under Section 80C, 80 CCD, 80D, 80G 80TTA, 80 TTB etc. have to be ignored.

The last date of filing income tax returns for the assessment year 2020-21 is December 31. The Central Board of Direct Taxes (CBDT) Income Tax Department had extended the deadline for filing of ...