CBDT has introduced a new, customer-friendly online tax calculator to help the tax payers calculate their annual IT liability, before they file their Income Tax Returns (ITR) by the end of this month.
Using this calculator, an individual, corporate or any other entity can compute their total tax liability under various heads like income from house property, capital gains, profits and gains of business or profession etc. and email it to a private email or to the email of the tax planner, intermediary or Chartered Accountant. Taxpayers can access the new tax calculator using the link given below:
READ MORE – http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx