How to Calculate Indian Income Tax
Determining income tax for citizens of India can be a long and complex process. The Income Tax Department of India website has tried to ease this process by providing a wealth of information and allowing you to pay your taxes online. It even provides a tax calculator for you to calculate how much you owe the government. Learn how to calculate your Indian income tax by following the simple steps below.
Other People Are Reading
Instructions
-
-
1
Go to the Tax Calculator on the Income Tax Department of India website, at http://law.incometaxindia.gov.in/TaxmannDit/xtras/taxcalc.aspx.
-
2
Select the current assessment year.
-
-
3
Choose the appropriate type of Assessee from the following options: Individuals, HUF, AOP, Firms, Domestic Companies or Cooperative Societies. If Individuals is selected, you must click on either of the following options: Resident-Female, Resident-Senior Citizen or Any Other.
-
4
Enter your net income and click on the "Compute Tax Liability" button to find out how much income tax you have to pay. For example, if you are filing in 2009-2010 as an individual male with a net income of 500,000 RS, select the following fields, respectively: 2009-10, Individuals, Any Other, 500000. You would have to pay 56,650 RS in income taxes.
-
1
