Income Tax


Particulars Detail Amount in Rs.
Gross Income (CTC) Salary, Bonus, Allowances, Other income etc
HRA Exemptions u/s 10 A
Other Exemptions u/s 10 A Medical, Convenyance etc
Professional Tax Medical, Convenyance etc
Net Income under Salaries Gross Income - Exemptions
Deductions u/s 80 C Investments in PF, PPF, Life Ins., ELSS, NPS etc
Deductions u/s 80 CCG Investments in RGESS (50% of Investments)
Deductions u/s 80 CCD Investments in NPS (50 K Maximum)
Deductions u/s 80 D Medical Insurance Premium (Self, Parents)
Deductions u/s 80 G Eligible Donations upto specified percentage
Deductions u/s 80 E Interest Paid on Education Loan
Deductions u/s 80 TTA Interest Received on Savings Bank A/C
Tax Benefit u/s 24 Interest Paid On Home Loan (Max 2 L)
Total Deductions/Benefits
 

Taxable Income

Tax payable on this income
Tax Slab Slab Income Tax Rate Tax Amount
Income Tax Payee Type Male, Female, Sr. Citizen>60, Very Sr. Citizen>80
%
%
%
%
Tax on Total Income
Surcharge 12% on Tax if Income > Rs 1 Crore %
Tax with Surcharge
Education Cess %
Tax with Cess
Tax Credit Upto Rs. 2000 if Taxable Income < Rs. 5 lakhs
Tax Liability
Income Tax Ratio
Monthly Income Gross Income/12
Monthly Tax (Appx TDS) Tax Liability/12
Income Tax Ratio Gross Income/Tax Liability