Quick Summary
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.
Here is a list of all the tax tools that have been released by the department
FAQ :
The Income Tax Department has released a suite of online tax tools to help taxpayers with their tax planning and compliance.
These tools can be used to calculate tax liability, estimate advance tax payments, and generate income tax returns.
Yes, the department offers calculators for medical facility, transport allowance, children's education and hostel allowance, and house rent allowance.
Yes, there are tools to calculate deductions under various sections such as 80G/80GGC, 80U, 80TTA, 80DD, 80D, and 80C, as well as relief under section 89A and 89.
The tax tools are available on the Income Tax Department's official website, with specific links provided for each tool.
Yes, the available tools include options for calculating exemptions from capital gains, indexed cost of acquisition or improvement, and presumptive income under sections 44AE and 44AD.
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