Indian Income Tax Calculator
1. Taxes in India are of two types, Direct Tax and Indirect Tax.
2. Direct Tax, like income tax, wealth tax, etc. are those whose burden falls directly on the taxpayer.
3. The burden of indirect taxes, like service tax, VAT, etc. can be passed on to a third party.
Income Tax is all income other than agricultural income levied and collected by the central government and shared with the states.
Indian Income Tax Calculator helps you to dynamically calculate the annual taxable amount for your income in India.