Tax calculation has never been so easy and fun! Efficient tax calculation and planning for the financial year 2023 – 2024 made possible for FREE!!! When most of the taxpayers find tax computation and tax planning very complex, My Tax India enables assessees to do these with it’s simple and powerful interface.
Union budget 2020 has put forth two tax regimes to choose from, and with MyTax India, be it the new regime or the old, it’s just a walk in the park to foresee the tax liability and make better use of tax saving instruments. With My TaxIndia advanced user interface and tools, tax payers understand the Income Tax calculation and Tax saving opportunities so as to choose the best suited from the old and the new tax regimes.
» Easy to calculate income tax.
» Fastest, quickest, and accurate in the calculation.
»Income Tax Calculator calculates tax on income for 2019, 2020, 2021, and 2022.
»Instantly find the difference of tax between OLD Tax regime and NEW Tax regime.
» Save calculation details on your device for future need.
» Easily share the calculation with others.
» Calculation can be shared in pdf also.
» Open any calculation in the app that has been previously saved.
» Enjoy the Standard Deduction.
» Enter amount fo availing deduction under section 80TTA and 80TTB for Employees and Pensioners respectively.
» Income Tax Slabs at a glance.
» Ideas on how to Save Tax.
» Easily calculate House Rent Exemption.
» Help to calculate annual gross salary
» Help to calculate total savings amount under section 80C of ITR.
** Income tax calculation formula will consider the following parameters for deductions while calculating the Payable Tax:
√ Deduction under 10(13A).
√ Deduction under 80C.
√ Deduction under 80CCD(1B).
√ Deduction under 80D.
√ Deduction under 80DD.
√ Deduction under 80U.
√ Deduction under 80G.
√ Deduction under 80EE.
√ Deduction under 80TTA.
√ Deduction under 80TTB.
The app ‘Income Tax Calculator’ has been built for the use of Indian individuals. It helps the users calculate taxes and choose a better option between the old tax regime and the new tax regime. This app does not represent any Government entity and this app has no official connection with any Government.