Online Tax Calculator

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Free Tax Saving Calculator

 Welcome to Tax Calculation

Tax Calculator
Calculation of Income Tax can now be done easily by using the Income Tax calculator available on Taxcalculation.
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Disclaimer : This tax calculation tool is shown for illustration purpose only.  Your own tax liability may vary based on various other factors.  You need to consult a qualified tax / chartered accountant for accurately arriving at your tax statement.  www.tax-calculator.in cannot be held liable for any decisions that you may take based on this calculation.

Income Tax has been in force in different forms since years. If we go through the history of India, we get relevant information regarding the taxation system of India. In ancient history, it is mentioned about such system which were imposed on the income, expenditure and other subject.

In modern India, Income Tax came into existence in 1860 with the implementation of first Income Tax Act. After implementation of this Act, people became aware of the actual meaning of Income Tax. This act was in force for first five years. After this, in 1865, second Act came into force. There were major changes in this Act relative to the first. It proved itself as a good factor for the growth of our economy. With this Act a new concept of Agriculture Income came into existence.

 

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