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 INCOME TAX CALCULATOR  FOR AY 2020-21  ​
INCOME TAX CALCULATOR- ESTIMATE YOUR INCOME TAX LIABILITY Estimate your Income Tax liability in simple steps explained on this pageÂ
HAPPY TO Â RECORD Â
www.plannprogress.com has crossed                       300,000   PAGE VIEWS  THANK ALL READERS ,WELL WISHERS WHO HAVE HELPED US TO REACH THE MILESTONE BUDGET PROPOSALS FOR FY 2019-20 AFFECTING PERSONAL FINANCE , CLICK HERE 
 The Article on  " TAX PLANNING FOR FY 2019-20 CONTAINS 5 PARTS PART I  : MAJOR CHANGES IN TAX RULES FOR FY 2019-20 CLICK HERE PART 2 : TAX RATES/SLABS FOR FY 2019-20 CLICK HERE   PART 3 :  TAX REBATES FOR FY 2019-20 CLICK HERE    PART 4 :  CALCULATE YOUR INCOME TAX/ADVANCE TAX FOR FY 2019-20             :           READ THIS PART BELOW PART 5 : TAX ON RETIREMENT BENEFITS CLICK HERE          ITR FORMS RELEASED . LAST DATE TO SUBMIT 31.12.2020     For Details CLICK HERE ​ Finance Minister Ms Nirmala Sitharaman will present her second budget for FY 2020-21 ON 01.01.2020 at 11.00 am .Â
To watch it live and to view highlights  CLICK HERE ADVT
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 ESTIMATE AND PAY ADVANCE  TAXÂ
Under Section 208 of Income-tax Act, every assessee is required to pay advance tax if the tax liability for the previous year exceeds ten thousand rupees.The Tax payable during the financial year itself is called Advance Tax .For individuals  with salary as sole source of income ,TDS  is to deducted by the employer during disbursal of salary and hence question of paying advance tax separately may not arise. Â
DUE DATE SCHEDULE FOR BOTH INDIVIDUALS AND Â CORPORATESÂ
DUE DATE SCHEDULE FOR BOTH INDIVIDUALS AND Â CORPORATESÂ
DUE DATE |
ADVANCE TAX PAYABLE |
Before 15th June  19 |
15% of advance tax |
​Before 15th Sept 19 |
​45% of advance tax |
​Before 15th Dec  19 |
​75% of advance tax |
​Before 15th March 2020 |
​100 % of advance tax |
A Resident senior Citizen is exempted  for paying advance tax  ,if he has  no income from business or profession .He can discharge his tax liability  by paying self assessment tax .Â
For calculating Advance tax Payable , CLICK HERE
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FORM 26AS VERIFY YOUR TAX CREDIT
Your employer or your banker would have deducted income tax from your salary / interest etc  and remitted to Income Tax Department . You could have also paid tax directly . Whether such amounts have gone to your account only ? Whether  there was any error  from TDS payers while remitting ? You can verify yourself  on line whether all the amounts deducted have gone to your account only .There are two methods . One method is to register at  TRACES  ( TDS Analysis and Correction Enabling System)  and you can view your tax credit form 26AS since assessment year 2019-20 .The other method is to get by your Income Tax  e- filing website https://incometaxindiaefiling.gov.in . if you have not registered  there , you can register and view your tax credits . .
If you find any discrepancies  in your tax credits , you can contact the TDS  Deductors , find the reasons and get it rectified .This step will save you in future in  avoiding unnecessary tax demands from the department .Â
If you find any discrepancies  in your tax credits , you can contact the TDS  Deductors , find the reasons and get it rectified .This step will save you in future in  avoiding unnecessary tax demands from the department .Â
FILING OF INCOME TAX RETURNSÂ
Income  Tax returns can be filed on line . For  further details visit  IT RETURNS  PageÂ
The Article on  " TAX PLANNING FOR FY 2019-20 CONTAINS  5 PARTSÂ
PART I Â : MAJOR CHANGES IN TAX RULES FOR FY 2019-20Â CLICK HEREÂ
PART 2 : TAX RATES Â / SLABS FOR FY 2019-20Â CLICK HEREÂ Â Â
PART 3 : Â TAX REBATES Â Â FOR FY 2019-20Â Â Â CLICK HERE Â Â Â
PART 4 : Â ESTIMATE YOUR INCOME TAX / ADVANCE TAX FOR FY 2019-20Â READ THE Â ABOVE PARTÂ
​PART 5 : TAX ON RETIREMENT BENEFITS CLICK HERE     Â
PART I Â : MAJOR CHANGES IN TAX RULES FOR FY 2019-20Â CLICK HEREÂ
PART 2 : TAX RATES Â / SLABS FOR FY 2019-20Â CLICK HEREÂ Â Â
PART 3 : Â TAX REBATES Â Â FOR FY 2019-20Â Â Â CLICK HERE Â Â Â
PART 4 : Â ESTIMATE YOUR INCOME TAX / ADVANCE TAX FOR FY 2019-20Â READ THE Â ABOVE PARTÂ
​PART 5 : TAX ON RETIREMENT BENEFITS CLICK HERE     Â
                              FOR DETAILS ON AAYKAR SETHU ,
              NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE                                                               NEW  ARTICLES ON  Â
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SMALL FINANCE BANKSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â PAYMENT Â BANKS Â Â Â
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UNIFIED Â PAYMENT INTERFACEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BHARAT BILL PAYMENT SYSTEMÂ Â Â
BHIM APPÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AADHARÂ Â Â
e-INSURANCE Â Account ( Â eIA Â )
              NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE                                                               NEW  ARTICLES ON  Â
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SMALL FINANCE BANKSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â PAYMENT Â BANKS Â Â Â
                                    Â
UNIFIED Â PAYMENT INTERFACEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BHARAT BILL PAYMENT SYSTEMÂ Â Â
BHIM APPÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AADHARÂ Â Â
e-INSURANCE Â Account ( Â eIA Â )
FOR INTEREST RATE NEWS , CLICK HERE                  FOR INCOME TAX NEWS ,   CLICK HERE
TO READ OUR Â POPULAR ARTICLE ONÂ FINANCIAL PLANNING FOR YOUNGÂ ,CLICK HEREÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
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PLAN YOUR INVESTMENTS Â Â Â Â Â
   USE SYSTEMATIC INVESTMENT PLANS ( SIP )Â
TOOL Â TO AVOID Â MARKET HICCUPSÂ Â Â Â Â Â Â Â
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TO READ OUR Â POPULAR ARTICLE ONÂ FINANCIAL PLANNING FOR YOUNGÂ ,CLICK HEREÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
                                   Â
PLAN YOUR INVESTMENTS Â Â Â Â Â
   USE SYSTEMATIC INVESTMENT PLANS ( SIP )Â
TOOL Â TO AVOID Â MARKET HICCUPSÂ Â Â Â Â Â Â Â
 CLICK HERE TO KNOW  ​