This is the instant version of the GConnect Income Tax Calculator tool. We would come up with Income Tax Calculator 2015-16 with save option soon. In the mean time use this tool to find out your Income Tax liability and plan for saving taxes in advance.
It has been warned by CBDT that a fake order extending the due date for filing the Income Tax return for the Assessment year 2015-16 is in circulation. Government has not extended the due date for filing of returns and audit report which are due by 30th September 2015
“We have stopped reporting to our seniors beginning today and we have also informed the CBDT that we are not going to be a part of government’s latest initiative of widening the tax based which aims to include about 25 lakh new assessees every month,” ITGOA President Ajay Goyal said.
The days are gone when getting an I-T refund used to take months or in some cases even a few years. The new electronic verification e-filing system has proved to be very customer-friendly and as a token of thanks to the taxpayers, the department is working to ensure their refunds are sent in a week or a maximum of ten days.
Last date for filing Income Tax Return was revised already from 31st July 2015 to 31th Aug 2015 and then to 7th September 2015. Now, the present circular conveys that ITRs which are due by 30th September will have to be filed in time and that no further extension of last date will be provided
Extension of time limit for ITR 2014-15 from 31st August 2015 to 7th September 2015 is attributed to difficulties faced by tax payers in using online facility on 31st August 2015
CBDT has extended filing of ITR 2014-15 in respect of Gujarat State only due to unrest in the state in the recent days. Extension of last date for filing ITR for assessment year 2015-16 is not applicable to rest of the country
Special Counters for filing ITR for the financial year will be receiving manual ITR filed by Salaried Employees (Paper form of ITR) – Income Limit for filing manual ITR is Rs. 5 lakh for the year 2014-15 (Assessment Year 2015-16)
Easy tutorial for filing Income Tax Return online – Procedure for using offline excel utility for filing ITR and quick e-file facility (online interface) for filing ITR-1 and ITR-4S
Before starting registration for E-filing ITR keep a mobile number and email id ready as confirmation of registration is a two step process i.e code received through SMS to be entered in the activation link received in E-mail
What are different types of Income Tax Return (ITR) ? How to file ITR Online ? How to submit ITR in Paper form? Should I send the signed copy of ITR-V if I file Income Tax Return Online? How to verify Income Tax amount paid in my account (TDS) ?
Time limit for Submission of ITR-V for the year 2013-14 and 2014-15 was recently extended to 31.10.2015. Such returns can be verified online now.