Sunday, March 17, 2013

Income tax slab rates for fy 2017-18, tax slab rates for ay 2017 18 India


PART I: Income Tax Slab for Individual Tax Payers & HUF (Less Than 60 Years Old) (Both Men & Women)

Income SlabTax Rate
Income up to Rs 2,50,000*No tax
Income from Rs 2,50,000 – Rs 5,00,0005%
Income from Rs 5,00,000 – 10,00,00020%
Income more than Rs 10,00,00030%
Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
Cess: 3% on total of income tax + surcharge.
*Income tax exemption limit for FY 2017-18 is up to Rs. 2,50,000 for individual & HUF other than those covered in Part(II) or (III)

Click here to get more details.

Tags: income tax slab rates for ay 2017 18 india, income tax slab rates for ay 2017 18 india, tax slab rates for ay 2017-18, New Income Tax Slabs for ay 17-18 for Resident Senior Citizens, Income Tax Slabs for ay 17-18 for Resident Women.

Thursday, March 14, 2013

List of websites for income tax e filing, Top & Best e-Filing Portals India

The Government's Income Tax website may be overwhelmed due to the sheer numbers filing returns. Hence, one can chose from other tax filing sites.

Here is a list of few websites to file income tax return:

1. TaxSmile:
E-File Income Tax Returns anytime, anywhere. India's leading e-Filing portal is designed to help you save time and effortlessly file your Income Tax Returns ...

2. ClearTax:
ClearTax is authorised by government of India for e-filing. The site is simple to use and helps you prepare and file your taxes online.

3. TaxShax:
TaxShax is an authorised site by government of India for filing taxes. E-Filing through this website can be done in 3 simple steps.

To file income tax return online, visit the login page of this Income tax website. At, it is easier to efile IT returns than at

5. Skorydov myITreturn:
India's largest online income tax return preparation and filing solution. Myitreturn assists individuals in each step of efiling of tax returns. Guarantees maximum ...

6. TaxMunshi:
TaxMunshi is the leading Income Tax Preparation and Income Tax Filing solution for India. Efile income tax in India with TaxMunshi, authorised e-return ...

7. FileMyReturns: is a leading service provider in Income Tax Filing. Since inception till now has a legacy of providing specialized service ...

8. EasyITFiling:
Income tax returns filing India. Calculate Income Tax Refund and file Tax Returns Recognized by Income Tax Dept and get Maximum Refund.

9. TaxMantra:
Get Income Tax Return Filing (IT Return Filing / ITR Filing), Online Income Tax in India, Company Registration, Business incorporation & Maintenance services, ...

10. eTaxMentor
eTaxMentor provides Online Income Tax Returns, Income Tax Filing services in India. e Filing Income taxes online in India made easy by our Tax Consultant, we ...

Salary income tax calculator 2015-16, Tax Calculator 2015

Taxsmile has made it easy for you with its user-friendly calculators.

Tax Calculators:
1. HRA
2. Capital Gains
3. CTC Take Home
4. Save Your Tax
5. Tax Estimator

visit website to calculate your tax.

E-filing of tax returns must above Rs 5 lakhs, income tax for e filing must above 5 lakh

E-filing of Income Tax must above Rs 5 lakhs:
A senior Finance Ministry official on Tuesday clarified that taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form.

"Income tax returns for the group above Rs 5 lakh, all such returns will be e-filed. This is a move towards using technology so that the interface between Assessing Officer and assessee is minimised," Revenue Secretary Sumit Bose said at a Ficci event in the national capital.

The government had last year introduced the system of e-filing of Income tax returns for assessees with annual income of Rs 10 lakh and above.

The finance ministry is also making provisions for e-filing of Wealth Tax returns. Section 14 of the Wealth-tax Act provides for furnishing of return of net wealth as on the valuation date in the prescribed form.

At present, certain documents and reports are required to be furnished along with the return of net wealth under the provisions of Wealth-tax Act read with the provisions of Wealth-tax Rules.

Sections 139C and 139D of the I-T Act contain provisions for facilitating filing of return of income in electronic form by certain class of income-tax assessees.

"In order to facilitate electronic filing of annexure-less return of net wealth, it is proposed to insert new sections 14A and 14B in the Wealth-tax Act on similar lines... The amendments will take effect from June 1, 2013," said the Memorandum to the Finance Bill 2013.

Bose further said the Income Tax Department is making all efforts to widen the tax base and is in the process of identifying PAN holders who have not filed returns.

He said the tax department would be sending out second set of "polite letters" to 35,000 assessees.

Read more here

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