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BUDGET 2017-2018 Special

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.

E filing of returns made compulsory for income over 10 lakh

E-filing of tax returns is compulsory for people with annual income greater than Rs 10 Lakh during the year 2011-2012.

Finance Ministry statement issued on 2 July 2012 has again indicated that the e-filing is mandatory. The e-filing requirement was optional during the previous financial year.

Please note that the deadline for filing income-tax returns will be 31 July 2012.

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