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

Copyright - Network FP l Created by - Sadique Neelgund, Founder, Network

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

Details

Type Amount in Rs.

Salary, Bonus, Allowances, Other income etc

Input

1,200,000

HRA Calculation below

Input

99,000

Medical, Convenyance etc

Input

18,200

Professional Tax

Input

2,500

Gross Income - Exemptions

Output

1,080,300

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

Input

150,000

Investments in RGESS (50% of First time Invest)

Input

25,000

Investments in NPS (50 K Maximum)

Input

50,000

Medical Insurance Premium (Self, Parents)

Input

25,000

Eligible Donations upto specified percentage

Input

20,000

Interest Paid on Education Loan

Input

15,000

Interest Received on Savings Bank A/C

Input

10,000

Interest Paid On Home Loan (Max 2 L)

Input

200,000
495,000

Tax payable on this income

Output

Slab Income

Tax Rate

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

585,300

Tax Amount

Input

Male

250,000

0%

250,000

10%

25,000

85,300

20%

17,060

30%
Output

12% on Tax if Income > Rs 1 Crore

12%

42,060
-

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

Output

42,060

3%

1,262

Output

43,322

Output

Output

43,322

Gross Income/12

Output

100,000

Tax Liability/12

Output

3,610

Output

3.61%

Input

Metro

Income Tax Ratio

Gross Income/Tax Liability

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

Copyright - Network FP l Created by - Sadique Neelgund, Founder, Network FP