Income Tax Department Unveils Suite of Tax Tools to Aid Taxpayers

Last updated: 16 September 2023 Follow on Google News

The Income Tax Department has released a number of tax tools for taxpayers to help them with their tax planning and compliance. These tools can be used to calculate tax liability, estimate advance tax payments and generate income tax returns.

Income Tax Department Unveils Suite of Tax Tools to Aid Taxpayers

Here is a list of all the tax tools that have been released by the department

Sr. No.	Tool Name	Tool Link
1.	Tax Calculator	https://incometaxindia.gov.in/Pages/tools/tax-calculator.aspx
2.	Advance Tax Calculator	https://incometaxindia.gov.in/Pages/tools/advance-tax-calculator.aspx
3.	Income and Tax calculator	https://incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx
4.	Medical Facility	https://incometaxindia.gov.in/Pages/tools/medical-facility-india.aspx
5.	Transport Allowance Calculator	https://incometaxindia.gov.in/Pages/tools/transport-allowance-calculator.aspx
6.	Children education and hostel allowance	https://incometaxindia.gov.in/Pages/tools/children-hostel-allowance.aspx
7.	House rent allowance calculator	https://incometaxindia.gov.in/Pages/tools/house-rent-allowance-calculator.aspx
8.	Profits and Gains of profession on presumptive basis u/s 44ADA	https://incometaxindia.gov.in/Pages/tools/profits-gains-professional-section-44ada-tool.aspx
9.	AMT and MAT	https://incometaxindia.gov.in/Pages/tools/amt-mat-tool.aspx
10.	Eligibility for updated return and calculation of additional tax	https://incometaxindia.gov.in/Pages/tools/eligibility-for-updated-return-tool.aspx
11.	Equalization levy	https://incometaxindia.gov.in/Pages/tools/equalization-levy-tool.aspx
12.	Fees for default in furnishing return of income	https://incometaxindia.gov.in/Pages/tools/fees-for-default-in-furnishing-itr-234f-tool.aspx
13.	Interest under section 234A/234B/234C/234D	https://incometaxindia.gov.in/Pages/tools/interest-234a-234b-234c-234d-tool.aspx
14.	Deduction under section 80G/80GGC	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80G-80GGC-tool.aspx
15.	Relief under section 89A	https://incometaxindia.gov.in/Pages/tools/relief-under-section-89A-tool.aspx
16.	TDS Calculator	https://incometaxindia.gov.in/Pages/tools/tds-calculator.aspx
17.	Interest for delay in deduction/deposits of TDS/TCS and fees for late-filing of statements	https://incometaxindia.gov.in/Pages/tools/interest-for-delay-tds-tcs-tool.aspx
18.	Period of holding of capital asset	https://incometaxindia.gov.in/Pages/tools/period-of-holding-of-capital-asset.aspx
19.	Taxability of Agent Commission	https://incometaxindia.gov.in/Pages/tools/Agent-Commission-Calculator.aspx
20.	Presumptive Income under Section 44AE	https://incometaxindia.gov.in/Pages/tools/presumptive-income-under-section-44AE.aspx
21.	Presumptive Income under Section 44AD	https://incometaxindia.gov.in/Pages/tools/presumptive-income-under-section-44AD.aspx
22.	Depreciation	https://incometaxindia.gov.in/Pages/tools/depreciation-plant-machinery-calculator.aspx
23.	Income from house property	https://incometaxindia.gov.in/Pages/tools/income-from-house-property.aspx
24.	Relief under Section 89	https://incometaxindia.gov.in/Pages/tools/relief-under-section-89.aspx
25.	Motor Car Facility	https://incometaxindia.gov.in/Pages/tools/motor-car-facility.aspx
26.	Exemptions from capital gains	https://incometaxindia.gov.in/Pages/tools/exemption-from-capital-gains-tool.aspx
27.	Concessional or interest free loan	https://incometaxindia.gov.in/Pages/tools/concessional-or-interest-free-loan.aspx
28.	Carry forward and Set-off of losses	https://incometaxindia.gov.in/Pages/tools/carry-forward-and-set-off-of-losses-tool.aspx
29.	Gratuity	https://incometaxindia.gov.in/Pages/tools/Gratuity-calculator.aspx
30.	Leave Encashment	https://incometaxindia.gov.in/Pages/tools/leave-salary.aspx
31.	Deduction under Section 80U	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80u.aspx
32.	Deduction under Section 80TTA	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80tta.aspx
33.	Deduction under Section 80DD	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80dd.aspx
34.	Deduction under Section 80D	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80d.aspx
35.	Deduction under Section 80C	https://incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx
36.	Interest on NSC	https://incometaxindia.gov.in/Pages/tools/interest-on-national-savings-certificate.aspx
37.	Partners’ Remuneration	https://incometaxindia.gov.in/Pages/tools/partners-remuneration.aspx
38.	Indexed Cost of acquisition or improvement	https://incometaxindia.gov.in/Pages/tools/indexed-cost-of-acquisition-or-improvement.aspx
39.	Rent Free Accommodation	https://incometaxindia.gov.in/Pages/tools/rent-free-accommodation-calculator.aspx
40.	Deferred Tax Calculator	https://incometaxindia.gov.in/Pages/tools/deferred-tax-calculator.aspx
41.	Residential Status Calculator	https://incometaxindia.gov.in/Pages/tools/residential-status-calculator.aspx

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

13203 Views Comment Share Income Tax Report

News posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments