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Only New Tax Regime is supported. Refreshing the page clears the form data.
To adjust the house rent income, kindly update the gross rent received and the municipal taxes accordingly.
As per the recent amendments to the income tax act, there is a specific provision under Section 234C which allows for a waiver of interest if the shortfall in payment of the first or second installment of advance tax is due to the fact that the taxpayer has paid at least 12% and 36% respectively of the assessed tax by the due dates of the first and second installments. In such cases, interest for shortfall may not be levied for those installments, provided the shortfall is made up in subsequent installments as per the prescribed schedule.
While many Interest calculators for section 234B and 234C omit these amendments, we incorporate it to ensure precise results.
This calculator shows a tabular view of how interest under section 234C flows from one installment to the next and shows a final amount of interest levied under that section. This feature differentiates our calculator.
Total TDS
Total Self Assessment Tax paid
Total taxes paid
Total tax with interest payable
Total Balance tax payable
Total Refund Due
Easily compute your tax liability under the ITR‑1 (Sahaj) form with this fast, accurate, and updated ITR‑1 Income Tax Calculator. Designed for salaried individuals, pensioners, and family pension recipients, this calculator helps you estimate taxes under both the old and new tax regimes, apply deductions, and understand your final payable tax before filing your return.
The ITR‑1 Income Tax Calculator is an online tool that simplifies tax computation for individuals with straightforward income sources. The following is the eligibility criteria for ITR1:
The calculator evaluates your tax liability by:
When you use a web-based calculator, you do not need to install anything. Only a compatible browser such as Google Chrome, MS Edge, or Opera or similar is needed. Web-based calculators are generally safer than executable-based or file-based calculators because you need not install or run anything that could make your computer unsafe.
Using an ITR‑1 calculator saves time and reduces errors. It helps you:
Disclaimer: This calculator offers reliable and thorough results; however, it is recommended to consult a qualified taxation professional or Chartered Accountant for assistance with income tax return filing. The official portal of the Income Tax Department also provides accurate tax calculation tools and e-filing services. You are encouraged to visit the government website for further information.