Online tax calculator to file Income Tax Return launched
Posted on: 29/Jun/2015 12:38:26 PM
The Income Tax department has introduced new and simplified forms to file income tax returns. Now, filers can do an easy check of their annual tax liability on a new computer-based `calculator` launched by the Central Board of Direct Taxes the apex policy making body of the department.
The facility can be used by any taxpayer whether individual, corporate or any other entity, to compute the liability. However, it comes with a word of caution from the tax department that filers should not solely rely on it as complicated cases of ITR have different requirements which may not be addressed by the `calculator`.
The facility has been hosted on the website of the department - www.incometaxindia.gov.in, - for the ease of all taxpayers who either do an e-filing or manual filing of ITR.
