How to check how much tax we have to pay?

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John4321

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Is there a way where we could check online every year how much tax do we have to pay. In this way there wont be any problem and we can make the payment also and sleep without any tensions.
 
by contacting your CA.

You can contact him online via various messenger like Yahoo, Gmail, Outlook, or even Whatsapp.

Can you can even video call him via Skype, or Gmail or Yahoo Messenger
 
if you are an employee and not self employed. someone usually publishes a tax calculator excel sheet every year. you can use it to fill out your salaries and it will give the amount of tax that you need to pay or get in return. search for it in google. if you own a business, then you have to get your taxes done by a CA I think.
 
you can calculate it yourself.
for income from 2.5L to 5L, its 10% of income,
for 5L to 10L its 20% share,
and above 10L its 30%.

Now, its calculated like this. eg. Suppose your income is 12L per year,
10% of 5L-2.5L = 10% of 2.5L = 25000/-
20% of 10L-5L = 20% of 5L = 100000/-
30% of 12L-10L = 30% of 2L = 60000/-

Now adding all three slabs i.e. 25000+100000+60000 = 185000/-

Means on 12L income per year you have to pay 185000 income tax.
 
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