Income Tax Calculator

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Residential Status

Income from Salary / Pension

	Gross Salary
1	Salary Exculding Perks Value
2	Value Of Perks u/s 17(2)
3	Profir in lieu Of Salary U/s 17(3)

4	Less:- Standrad Deduction U/s 16(i)
5	Less: Entertaiment allownce Deduction U/s 16(ii)
6	Less:- Professional tax 16(iii)
	Net Salary
7	Less:- Exempton U/s 10(5) Leave Travel Concession
8	Less:- Exemption U/s 10(1i0) Death Cum Retierment Gratuity
9	Less:- Exemption U/s 10(10A) Commuted Value Of Pension
10	Less:- Exemption U/s 10(10AA) Leave Encashment
11	Less:- Exemtion Of Tax paid On perks u/s 10(7)
12	Less:- Exemption U/s 10(13A) House Rent allownce
13	Less:- Exemption U/s 10(14) amount used for official purpose
14	Less:- Any Other Allownce
	Total Of Exemption U/s 10
	Taxable Salary Income

Income From House Property

	If Property	Self Occupied Let Out
1	Rent Received if Propert Let Out
2	Less:- Municipal Taxses Paid
3	Less:- Deduction Of Repair & Collection Charges @ 30%
4	Less :- Interest On Borrowed Capital
	Income From Let out Property
1	Interest On Housing Loan (Maximum 200000 )
	Total Income from House Property

Income From Business & Profession

1	Presumptive Income u/s
1. Turnover or Receipts other than in cash (by account payee cheque / bank draft or electronic clearing system through bank account)
2.Turnover or Receipts in cash
Total Receiptes
3. Presumptive Business Income U/s 44Ad@6% for point(1)
4. Presumptive Business Income U/s 44Ad@8% for point(2)
1. Gross Turnover or Gross Receipts
2. Presumptive Business Income U/s 44ADA (50% of 1)
	Enter Presumptive Income u/s 44AE
	Presumptive Business Income
	Other Business Income
	Total Income from Business / Profession

Income From Capital Gains

1	Short Term Capital Gain - Non Listed Equity Shares or Non Listed Equity Related Mutual Funds
2	Short Term Capital Gain - Listed Equity Shares or Listed Equity Related Mutual Funds
3	Long Term Capital Gain - Listed Equity Shares or Listed Equity Related Mutual Funds
4	Long Term Capital Gain - Non Listed Equity Shares or Non Listed Equity Related Mutual Funds
5	Long Term Capital Gain - Other Assets

Income from Other Sources

1	Intesret On Saving Bank Account
2	Intesrest from Bank /Post office deposites
3	Dividend Income
4	Any Other Income
5	Family Pension Received
	Less Deuction U/s 57 (Maximum 15000)
	Income from Family Pension
6	Income From Winning From Lottery & Crossword Puzzle
6	Income from other source

Eligible Deductions under Chapter VIA

1	Deduction U/s 80C /80CCC/80CCD1(Maximum Rs 150000)
2	Deduction U/s 80CCD((B) (Maximun Rs 50000)
3	Deduction U/s 80 CCD(2) Employer Share Of NPS if inculded in gross
4	Deduction U/s 80D (Medical Ploicy paid)
5	Deduction U/s 80DD( Handicappped dependent person)
6	Deduction U/s 80E(Interest piad on education Loan)
7	Deduction U/s 80G( Donation Paid)
8	Deduction U/s 80U ( Self Handicapped Person)
9	Deduction U/s 80TTA (Max. 10000)
9	Deduction U/s 80TTB (Max 50000)
10	Other Deductions
	Total Deduction

Add- Agriculture Income for rate purpose

	Old Regime	New Regime
Total Taxable Income
Total Income inculding agriculture Income

Total Tax Payable

Total Income for the purpose of agriculture rebate
Tax On Income at normal rate
Short Term Capital Gain - Listed Equity Shares or Listed Equity Related Mutual Funds
Long Term Capital Gain - Non Listed Equity Shares or Non Listed Equity Related Mutual Funds
Long Term Capital Gain - Listed Equity Shares or Listed Equity Related Mutual Funds
Long Term Capital Gain - Other Assets
Tax On Lottery and crossword Puzzles Income

Total Tax Payable
Less:- Rebate For Agriculture Income
Net Tax Payable
Less:- Rebate U/s 87A
Balance Tax Payable
Add:-Surcharge
Add:- Education cess@ 4%
Total Tax Liability
Less Tax Deducted at Source On Salary
Less Tax Deducted at Source On intt Income
Less:- Tax Collected Source
Less:- Advance Tax
Balance Tax Payable

	Old Regime	New Regime
Gross total income at @ 15%
Gross total income @ 10%
Gross total income non listed @ 10%
Gross total income @ 20%
Gross total income @ 30%

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