New Tax Comparison Calculator: The new tax regime as proposed in Budget 2020 will make taxpayers compare tax outgo under old and new regime before opting for one.

STEPS TO CALCULATE INCOME TAX: New Regime vs Existing Regime - Tax Calculator for Resident Individuals FY 2020-21 Get more Personal Finance News and Business News on Zee Business.

From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts for the new tax regime for FY 2025-26.

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.

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 ...

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 ...

India's net direct tax receipts, mainly comprising corporate and individual income tax, were 9.45 trillion rupees ($126.33 billion) for the fiscal year ending on March 31, surpassing the revised ...

The easiest way to do this would be to consider around ₹ 20,000 worth of deduction for the FY 2020-21 towards work from home expenses for all salaried taxpayers.

The last date to file income tax return is December 31, 2021. The last date of filing income tax returns for the assessment year 2020-21 is December 31.

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