Here's the math you need to file your ITR

THE ECONOMIC TIMES Sat, Jul 14, 2018 | 11:40 AM IST Tax calculations simplified

Switched jobs? Here is how to deal with Form 16 For more than one Form 16, prepare a revised statement of income and tax liability to make sure that the tax is calculated as per the correct slab. Don't ignore these incomes while filing your tax return Interest from bank deposits, bonds and even tax-free incomes have to be declared in the income tax return. Filing income tax return? Don't miss these 9 tax breaks You can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your tax breaks. How to compute your total taxable income In order to file your I-T return you first need to collect the information required to file it. The next step is to compute your total taxable income. How to calculate tax payable on your capital gains Long-term capital gains and short-term capital gains are taxed at different rates as per I-T laws. Here's how you can calculate payable tax on your gains. How to calculate 'income from house property' A person's gross total income chargeable to tax various heads and one of these heads of income is 'Income from House Property'. 6 things you must know while e-filing ITR The e-filing website of the income tax department has undergone various changes. Here are the six changes you will see on the ITR filing website. How to get errors in your Form 26AS corrected An incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR. Use this calculator to compute your tax liability Every year we are required to calculate the taxes to be paid by us on the total income earned during a financial year. Use this tool to calculate your income tax liability for the year. Don't forget to use new CII numbers to compute LTCG Cost inflation index numbers are used for calculating inflation-indexed purchase price while calculating capital gains on any asset held for the long term.

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

FOLLOW US ON ET

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2018 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here