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How to know the details of income tax to be paid and the investment required to earn it?
How to know the details of income tax to be paid and the investment required to earn it?
We need to earn the tax to be paid for the present year in the next three months in the form of TDS. So the owners ask the employees to give the investment details before December itself. The details of income tax we should pay and how much investment is required is now one click away. Few sites give the permission to download free tax calculators.
Some calculations are available in excel sheets and if the information required is given, it gives the details of income tax to be paid. For example, when we click on images.moneycontrol.com/budget2009/files/tax_calculator.xls, we need to fill some details and it gives the tax details.
And if we enter into the site provided by revenue department, http:// law.incometaxindia.gov.in/taxmannDit/xtras/taxcalc.aspx then we gets tax details when we enter the income. Websites like tax guru provides the calculators for all tax calculations and these can be downloaded for free.
