Tax Calculator

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Old Tax Scheme

Particulars Details Amount (Rs)
Gross Income (CTC) Salary, Bonus, Allowances, Other income etc
HRA Exemptions us 10A HRA Calculation
Other Exemptions u/s 10A Medical, Conveyance etc
Profession Tax Professional Tax
Net Income under Salaries Gross Income - Exemptions
Deductions u/s 80 C Investments in PF, PPF, Life Ins, ELSS etc
Deductions u/s 80 CCG Investments in RGESS (50% of Investments)
Deductions u/s 80D Medical Insurance Premium (Self, Parents)
Tax Benefit u/s 24 Interest Paid on Home Loan (Max 2L)
Tax Benefit u/s 80EE First Time Home Buyer (Rs.50000) in period [2016-2017]
Tax Benefit u/s 80CCD For Additional Contribution to New Pension Scheme (Max Rs.50000)
Total Deductions/Benefits
Taxable Income Tax payable on this income 0
Tax Slab Slab Income Tax Rate Tax Amount
Income Tax Payee Type Male, Female, Sr. Citizen>60 years, Very Sr. Citizen>80 years
0 0 0% -
0 0 5% 0
0 0 20% 0
0+ 0 30% 0
Tax on Total Income 0
Surcharge 10% on Tax if Income Rs. 50 lakh to Rs. 1cr
15% on Tax if Income between Rs. 1cr and Rs. 2cr
25% on Tax if Income between Rs. 2cr to Rs. 5cr
37% on Tax if Income > Rs. 5cr		 0
Tax with Surcharge 0
Education Cess 4% 0
Tax with Cess 0
Tax Credit Upto Rs.2000 if Taxable Income < Rs. 5 lakhs 0
Tax Liability 0
Income Tax Ratio
Monthly Income Gross Income/12 0
Monthly Tax (Appx TDS) Tax Liability/12 0
Income Tax Ratio Tax Liability/Gross Income .00%