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New - ITR forms for AY 2013-14 in PDF / Excel formats
Income Tax - Finotax
Income Tax Section contains information, tools and utilities relating to Indian Income Tax viz. Income Tax calculators, slabs, rates, forms (ITR, Challan and Other) in Excel format, information of Income Tax Act and Rules, Direct Tax Code Bill etc. Please use the links below to browse the contents of this section.
Income Tax Rates and Slabs
| Page Link | Description |
|---|---|
| Income Tax Slabs and Rates - AY 13-14 | Income Tax Rates and Slabs for all categories of tax payers for AY 2013-14. |
| Income Tax Slabs and Rates - AY 14-15 | Proposed Income Tax Rates and Slabs for all categories of tax payers for AY 2014-15. |
| Income Tax Slabs and Rates - AY 12-13 | Income Tax Rates and Slabs for all categories of tax payers for AY 2012-13. |
| TDS Rates | TDS Rates for AY 2013-14. |
| Depreciation Rates | Depreciation Rates for plant & machinery, land, building, motor car etc. |
| Other Income Tax Rates | Income Tax rates for short term & long term capital gains, dividends from foreign companies etc. |
| Proposed DTCB Tax Rates | Income Tax rates proposed in Direct Tax Code. |
Income Tax Calculators
| Page Link | Description |
|---|---|
| Income Tax AY 13-14 - Individuals | Calculate Taxable Income and Income Tax liability of Individual Tax Payers for AY 2013-14. |
| Income Tax AY 13-14 - Non-individuals | Calculate Income Tax liability of Companies, Firms, Co-operatives and Local Authorities for AY 2013-14. |
| Income Tax AY 14-15 - Individuals | Calculate Taxable Income and Income Tax liability of Individual Tax Payers for AY 2014-15. |
| Income Tax AY 12-13 - Individuals | Calculate Taxable Income and Income Tax liability of Individual Tax Payers for AY 2012-13. |
| Compile SAHAJ (ITR-1) AY 13-14 | Compile your taxable income and income tax data for AY 2013-14 |
| Compile SAHAJ (ITR-1) AY 12-13 | Compile your taxable income and income tax data for AY 2012-13 |
| Maximize Tax Savings | Calculate, Plan and maximize your tax savings for AY 2013-14. |
| Advance Tax - Individuals | Calculate Advance Tax payable on various due dates by Individual & HUF tax payers. |
| Advance Tax - Companies, Firms, Co-operatives, Local authorities | Calculate Advance Tax payable by Companies, Firms, Co-operatives and Local Authorities. |
| Perquisite (Fringe Benefits) Value | Calculate taxable value of various perquisites provided by employers. |
| TDS - Salary & Wages | Calculate TDS deductible on payment of salary & wages for AY 2013-14. |
| TDS - other | Calculate TDS deductible on payments other than payment of salary & wages for AY 2013-14. |
| 234 A, B and C -Individuals | Calculate interest payable u/s 234 A, 234 B and 234 C by Individuals and non corporates. |
| 234 A, B and C - Corporates | Calculate interest payable u/s 234 A, 234 B and 234 C by corporates. |
| Taxable HRA | Calculate Taxable amount of HRA (House Rent Allowance). |
| Taxable Income - Salary | Calculate taxable amount of salary income. |
| Taxable Income - Housing Property | Calculate taxable amount of income from housing property. |
| Taxable Income - Other Sources | Calculate taxable amount of income from other sources. |
| Taxable Income - STCG | Calculate taxable amount of income from Short Term Capital Gains. |
| Taxable Income - LTCG | Calculate taxable amount of income from Short Term Capital Gains. |
| Deductions - Chapter VI | Calculate deductions available under Chapter VI of Income Tax Act. |
| Capital Gain - Immovable Property | Calculate Capital on immovable property. |
| Exempt Income | Calculate amount of your exempt income. |
| Impact - Budget 2012 | Know the impact of Budget 2012 on your tax liability |
Income Tax Forms in Excel
| Page Link | Description |
|---|---|
| ITR Forms PDF / Excel formats | Free download of ITR Forms in PDF / Excel format (with formulas) for AY 2013-14. |
| Income Tax Challan Forms | Free download Income Tax Challan forms in Excel format |
| Income Tax Other Forms | Free download other income tax forms. |
Income Tax Online Facilities
| Page Link | Description |
|---|---|
| View 26AS online | View your Tax Credit Statement or 26AS online |
| Pay Tax online | Pay Income Tax and other Direct Taxes online |
Income Tax Information in brief in user friendly format on common topics of interest
| Page Link | Description |
|---|---|
| Income Tax & Taxable Income | Introduction to various terms used and Frequently Asked Questions on Income Tax |
| Salary & its Components | Salary and its components for the purpose of Income Tax and Frequently Asked Questions |
| Allowances | Various Allowances and their taxability |
| Perquisites | Taxability of various perquisites and Income Tax Provisions relating to valuation of various perquites |
| Income from House Property | Computation of taxable income from House Property |
| Income from Other Source | Taxability of income from other sources |
| Capital Gains | taxability of income from Capital Gains |
| Retirement Benefits | Taxability of various retirement benefits viz. gratuity, provident fund, pension etc. |
| Pensioners & Senior Citizens | Taxability of Pensioners and Senior Citizens |
| Deductions Allowable from Income | Details of various deductions allowable from taxable income |
| Tax Saving Options | View various Tax Saving Options at a glance and select the best suitable for you. |
| Incomes to be excluded | Details of incomes not forming part of Taxable Income |
| Income from Business & Profession | Taxability of Income from Business and Profession |
| TDS - On Salaries | Information in brief about deduction of tax at source on payment of salary and wages |
| TDS - Other than Salaries | Information about deduction of tax at source on payment of income other than salary and wages |
| Payment/Collection of Income Tax | Payment / Collection of income tax by way of TDS, TCS, Advance Tax and Income Tax |
| Filing of Income Tax Return | Information about filing of Income Tax returns |
| Wealth Tax | Information about Wealth Tax and filing of Wealth Tax return |
| Taxability of Expatriates | Taxability of Non-residents and other expatriates |
| Assessment of Income Tax | Information about assessment of income tax |
| PAN and PAN Card | Permanent Account Number (PAN) Card issue, requirements, benefits etc. |
| NPOs - Legal provisions | Non Profit Organizations - Income Tax and other Legal Provisions |
Budget 2013
| Page Link | Description |
|---|---|
| Finance Bill | Finance Bill 2013 |
| Budget 2013 | Full Text of Budget 2013-14 |
| Highlights - Tax Proposals | Highlights of Budget 2013-14 Tax proposals |
Income Tax Calendar 2013
| Page Link | Description |
|---|---|
| Income Tax Calendar 2013 | Dates for submission of various returns, statements, reports etc. and payment of advance tax. |
More Information on Capital Gains
| Page Link | Description |
|---|---|
| Capital Assets | Properties treated as Capital Assets for the purpose of income tax and exemptions |
| Transfer transactions | Transaction treated as transfers for the purpose of computation of Capital Gains |
| Non-Transfer transactions | Transaction not treated as transfers for the purpose of computation of Capital Gains |
| Computation of Capital Gain I | Incidence of Capital Gain, STCG, LTCG, Examples of computation of STCG and LTCG |
| Computation of Capital Gain II | Full Value of Consideration, Cost of Aquisition, Improvement and Transfer, Period of holding |
| Deductions from LTCG | List of deductions available from Long Term Capital Gains (LTCG) |
| Exceptional Cases | Computation of Capital Gains in Exceptional Cases |
| Capital Gains Loss | Loss under Capital Gains, Carry forward, Adjsustment, Examples of treatment of Capital Gains Loss |
Direct Tax Code Bill 2010
| Page Link | Description |
|---|---|
| DTC Bill 2010 | Direct Tax Code Bill 2010 in HTML format with easy Section-wise and Schedule-wise browsing. |