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Income Tax Calculator FY 2016-17 (AY 2017-18)
  • This calculator in mainly for Individual and HUF assessee
  • The same can be very helpful for a Salaried Person to compute Tax Liability and for Tax Planning.


Click on below link to know more



Particulars

Details

Type

Amount in Rs.


Gross Income (CTC)

Salary, Bonus, Allowances, Other income etc

Input


HRA Exemptions u/s 10 A

HRA Calculation below

Input


Other Exemptions u/s 10 A

Medical, Convenyance etc

Input






Professional Tax

Professional Tax

Input




Net Income under Salaries

Gross Income - Exemptions

Output


Deductions u/s 80 C

Investments in PF, PPF, Ins, ELSS, NPS etc

Input




Deductions u/s 80 CCG

Investments in RGESS (50% of First time Invest)

Input




Deductions u/s 80 CCD

Investments in NPS (50 K Maximum)

Input




Deductions u/s 80 D

Medical Insurance Premium (Self, Parents)

Input


Deductions u/s 80 G

Eligible Donations upto specified percentage

Input


Deductions u/s 80 E

Interest Paid on Education Loan

Input


Deductions u/s 80 TTA

Interest Received on Savings Bank A/C

Input


Tax Benefit u/s 24

Interest Paid On Home Loan (Max 2 L)

Input




Total Deductions/Benefits




Taxable Income

Tax payable on this income

Output







Tax Slab

Slab Income

Tax Rate

Tax Amount


Income Tax Payee Type

Male, Female, Sr. Citizen>60, Very Sr. Citizen>80

Input




















10,00,000+







Tax on Total Income


Output







Surcharge

15% on Tax if Income > Rs 1 Crore


Tax with Surcharge


Output






Education Cess



Tax with Cess


Output


Tax Credit

Upto Rs. 5000 if Taxable Income < Rs. 5 lakhs

Output


Tax Liability


Output







Income Tax Ratio


Monthly Income

Gross Income/12

Output


Monthly Tax (Appx TDS)

Tax Liability/12

Output


Income Tax Ratio

Gross Income/Tax Liability

Output







HRA Exemption Calculator


City living in

Input


Basic Salary + DA

Input


HRA Received

Input


Actual Rent Paid

Input


Least of the following will be HRA Exemption




1

HRA Receieved

Output


2

% of Salary+DA (50%-Metro & 40%-Non-metro)

Output


3

Rent paid in excess of 10 % of salary

Output








TaxDose.com



Income Tax Slabs


Tax Exemptions

Age Creteria

Income Exempted


-


-


60


80








Non-metro


Disclaimer: We donot take responsobility of Correctness of Calculators.