Income tax is an important part of system in every country. But knowing the amount of your income tax, taxable amount, which are taxable amounts is always a job of headache. Following the right formula for the calculation is always a tough job for a common. But there is an escape out from this fix. The CB Income Tax Calculator helps to you solve all your problems regarding income tax. This tool helps you to troubleshoot your problem by your own.
The Income tax calculator is used to determine the amount of tax that you have to file for the 2013 -2014 session. The calculations made by the software are although not legally bound. The calculator asks for the monthly salary and other bonuses for example Eid bonus, performance bonus along with the additional information of leave encashment or over time sundry or any other amount which is taxable under the constitution of the country.
With the inputs available, the calculator automatically sums up the amount for the total taxable income for the individual or the entity. By calculating the total income tax that the individual is liable to pay, this system generates the annual and monthly tax statements. This season the paying of income tax has become easier with the CB Income Tax calculator. Now know your taxable amount and deductions by your own at your home.