New Income Tax calculator introduced from 2016-2017
Q. From which year has IT department introduced a computer based calculator called “Tax calculator”?- Published on 04 Apr 16a. 2015-2016
b. 2013-2014
c. 2014-2015
d. 2016-2017
ANSWER: 2016-2017
New income tax return forms notified recently for 2016-2017 will be easily checked and annual tax liability on a computer based calculator.
Tax calculator is an online computer based programme hosted on the official website of the department. It is meant to assist taxpayers on computer based calculator hosted by the IT department. It is meant to help taxpayers/filers assess tax liability.
- Facility can be used by any taxpayer regardless of whether they are individual, corporate or any other entity to compute tax liability
- The calculator has been hosted on the website of the department — www.incometaxindia.gov.in
