Latest Updates -
-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.
-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2017-18.
The deadline for income tax returns e filing has been extended to 31 August 2012. Tax filers will now get an extra month to file their e-returns.
To help tax payers with e-filing, the Income tax department has has set up kiosks in major cities.
Also salaried employees with total income less than Rs 5 Lakh and having less than Rs 10,000 in interest earned from bank accounts are exempted from filing tax returns for assessment year 2012-13. Tax payers are advised to check with the Income tax department to get details on other exceptions related to filing returns.
