INCOME TAX CALCULATOR (TDS)
Assessment Year
*
Select
2022-23
2021-22
Tax Payer
*
Select
Individual
Male/ Female/ Senior Citizen
*
Select
Male
Female
Senior Citizen
Super Senior Citizen
Residential Status
*
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Resident
Non-Resident
Not Ordinary Resident
Calculate
*
As amended upto Finance Act, 2021
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TAX CALCULATON
INCOME TAX COMPUTATION
*Calculation subject to Your Given Informatoin
IT Slap Applicable Rate :
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INCOME & INVESTMENTS INFORMATIONS
Income from Salary
Avail Standard Deduction
Income From House Property
i
Note:
In case the assesse is opted for Section 115BAC, Loss under head House Property for rented house shall not be allowed to set off from any other head of income and cannot be carried forward
Details
Annual Value/Rent Received or Receivable (Let-out Property)
i. Less: Municipal Taxes Paid During the Year
ii. Less:Unrealized Rent
Net Annual Value :
iii. Standard Deduction @ 30% of Net Annual Value
iv. Interest on Housing Loan (Not Self-Occupied)
v. Interest on Housing Loan (Self-Occupied) : upto Rs.2,00,000/-
Capital Gains
Details
Short Term Capital Gain
Long Term Capital Gain
Income From Other Sources
Details
Interest
Commission/Other Income
Winnings from Lottery, Crossword Puzzles, etc.
Profits and Gains of Business or Profession (enter profit only)
Agricultural Income : 0.0% Taxable
Deductions
Details
1. Life Insurance premium paid
2. Payment for annuity plan
3. Contribution toward provident fund / PPF
4. Investment in NSC (VIII issue) + Interest
5. Contribution toward ULIP
6. Contribution toward notified pension fund by MF/UTI
7. Re-payment of housing loan etc
8. Tuition fees paid for children
9. 5 Years fixed deposit with PO or Schedule Bank
10. Contribution toward NPF
11. Contribution towards NPS (up to 20%) (u/s
80CCD
)
12. Deposit with Sukanya Samridhi Accounts
Any other deductable (u/s
80C
)
Total:
Additional contribution towards NPS [u/s
80CCD(1B)
] upto Rs.50,000/-
Employer's contribution toward NPS (u/s
80CCD
: 100%)
Medi-claim premium (u/s
80D
) upto Rs.40,000/-
Actual payment towards medical treatment (u/s
80DDB
) upto Rs.80,000/-
Interest payable on loan for residentials house property / purchase of electric vehicles (u/s
80EEA
)
Donations (u/s
80G
)
Deduction for medical treatment of dependent (u/s
80DD
)
Tick if
80DD
is claimed
Tick if severe disability
Interest on loan for higher education (u/s
80E
)
Deduction in case of a person with disability (u/s
80U
)
Tick if
80U
is claimed
Tick if severe disability
Interest on deposits in saving account (u/s
80TTA
) upto Rs.10,000/-
Any other deductions
Total Taxable Income
Computation
Net Income (Slab)
i
Note:
Income Liable to Tax at Normal Rate.
---
S. T. C. G. (15%)
i
Note:
Short Term Capital Gains (Covered u/s 111A).
15%
L. T. C. G. (20%)
i
Note:
Long Term Capital Gains (Covered u/s 111A).
20%
Winnings (30%)
i
Note:
Winnings from Lottery, Crossword Puzzles, etc)
30%
Total:
i
Note:
Total Net Taxable Income
Relief u/s 87A
i
Note:
Tax Relief Applicable upto Net Tax Income under Rs.5,00,000/- inc. Standard Deduction Rs.50,000/-
Income Tax
Surcharge
Cess @ 4% on Tax
Total Tax Liability
PARICULAR
OLD REGIME
NEW REGIME
Total Income
Investment/Deductions
Taxable Income
Income Tax
Tax Slab Rate
Re-Calculate