Tax Calculator
Official information
Manual entry (All Taxable income should be Per Annum wise)
Name :
Category(Gender) :
Location Type :
Category (Handicaped) :
Income Tax Calculation
Component Actual Amt Exempt Amt Net Amt
BASIC :
HRA :
Entitlement of exemption among least of the following
i) Actual House Rent Allowance Received :
ii) Rent paid in Excess of one-tenth of Salary
a) Rent Paid :
b) Less : One-tenth of Salary :
iii) Amount equal to one-half of the Salary in case of Metros :
 
CCA :
DEPUTATION ALLOWANCE :
CONVEYANCE :
OTHER TAXABLE INCOME :
 
Yearly/Others Benefit
LTA :
BONUS :
ADDITIONAL INCENTIVE :
Total Earning From Salary :
 
Less : Tax on Employment u/s. 16 (iii) :
 
Income Chargeable under the head Salary :
Income from House Property U/S 24(B) :
Income from Other sources
Bank interest :
 
Gross Total Income :
 
EXEMPTION UNDER CHAPTER VI
EXEMPTION U/S 80( C ) MAXIMUM EXEMPTION Rs.100000/-
PF Contribution :
NSC :
NSC Interest :
VPF :
PPF :
LIC Premium :
Fixed Deposit :
Housing Loan :
Pension plan u/s 80ccc :
Tution Fees :
Bond :
MF :
Total :
 
EXEMPTION U/S 80(D) MAXIMUM EXEMPTION Rs.15000/-
Amount :
 
NET INCOME ROUNDED OFF U/S 288A
Amount :
 
Tax Liability on Net Total Income
Upto Rs. (Nil) :
Rs.- Rs. :
Rs.300001 - Rs. (@ 20%) :
Rs.500001 - Rs. (@ 30%) :
Balance Tax Payable :
Add: Surcharge @ 10% :
Add: Edu Cess @ 3% :
Net Tax + Edu Cess Payable :
Less : Tax Already Deducted :
Net Tax Payable :
No of Month(s) :
Tax Payable Per Month :