Income Tax Calculator FY 2015-16 (AY 20

Particulars
Gross Income (CTC)
HRA Exemptions u/s 10 A
Other Exemptions u/s 10 A
Professional Tax
Net Income under Salaries
Deductions u/s 80 C
Deductions u/s 80 CCG
Deductions u/s 80 CCD
Deductions u/s 80 D
Deductions u/s 80 G
Deductions u/s 80 E
Deductions u/s 80 TTA
Tax Benefit u/s 24
Total Deductions/Benefits
Taxable Income

Tax Slab
Income Tax Payee Type
250,000
500,000
1,000,000
10,00,000+
Tax on Total Income
Surcharge
Tax with Surcharge
Education Cess
Tax with Cess

Tax Credit
Tax Liability

Income Tax Ratio

Monthly Income
Monthly Tax (Appx TDS)
Income Tax Ratio

HRA Exemption Calculator

City living in
Basic Salary + DA
HRA Received
Actual Rent Paid
Least of the following will be HRA Exemption
1
2
3

me Tax Calculator FY 2015-16 (AY 2016-17)

Details

Type Amount in Rs.

Salary, Bonus, Allowances, Other income etc

Input

425,520

HRA Calculation below

Input

38,400

Medical, Convenyance etc

Input

Professional Tax

Input

Gross Income - Exemptions

Output

2,190
384,930

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

Input

21,600

Investments in RGESS (50% of First time Invest)

Input

1,200

Investments in NPS (50 K Maximum)

Input

Medical Insurance Premium (Self, Parents)

Input

Eligible Donations upto specified percentage

Input

Interest Paid on Education Loan

Input

Interest Received on Savings Bank A/C

Input

Interest Paid On Home Loan (Max 2 L)

Input
22,800

Tax payable on this income

Output

Slab Income

Tax Rate

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

362,130

Tax Amount

Input

250,000

0%

112,130

10%

Male
11,213

20%

30%

Output
12% on Tax if Income > Rs 1 Crore

12%

11,213
-

Output

11,213

3%

336

Output

11,549

Upto Rs. 2000 if Taxable Income < Rs. 5 lakhs

Output

1,000

Output

10,549

Gross Income/12

Output

35,460

Tax Liability/12

Output

879

Income Tax Ratio

Gross Income/Tax Liability

Output

2.48%

Input

Metro

HRA Exemption Calculator

Input

450,000

Input

144,000

Input

144,000

ll be HRA Exemption

99,000

HRA Receieved

Output

144,000

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

Output

225,000

Rent paid in excess of 10 % of salary

Output

99,000