tax clculator

Income Tax Calculator for FY 2017-18 (AY 2018-19)

www.ApnaPlan.com
Name ALI BAIG MOHAMMAD
PAN Number AIMPA5554H

Birth date
Age
Gross Annual Income/Salary (with all allowances) 554,192
Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption
City of Residence Non-Metro
Basic Salary (Basic+DA) 0
Rent Paid 0
H.R.A received 0
(II) Conveyance allowances(Max Rs.1600/-p.m) 0
(iii) Any Other Exempted Receipts/ allowances 0
(iv) Professional Tax 0
Income under the head salaries
Add: Any other income from other sources
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd ) 0
c. Post Ofice M.I.S (6 yrs.) 0
d. Post Office Recring Deposit (5 yrs.) 0
2. Any Other Income 0
3. Any Other Income 0
Less: Exemption on Home Loan Interest (Sec 24)
Loss from house property (Section 24) 140,000
Additional tax exemption for First Time Home Buyers (Budget 2016) 0
Interest paid on Home Improvement Loan (max 30,000) 0
Gross Total Income
Less: Deduction under Sec 80C (Max Rs.1,50,000/-)
A. EPF & VPF Contribution 0
B. Public Provident Fund (PPF) 0
C. Senior Citizen’s Saving Scheme (SCSS) 0
D. N.S.C (Investment + accrued Interest before Maturity Year) 0
E. Tax Saving Fixed Deposit (5 Years and above) 0
F. Tax Savings Bonds 0
G. E.L.S.S (Tax Saving Mutual Fund) 0
H. Life Insurance Premiums 37,222

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 tax clculator

I. New Pension Scheme (NPS) (u/s 80CCC) 0

J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC) 0
K. 80 CCD Central Govt. Employees Pension Plan (u/s 80CCD) 0
L. Housing. Loan (Principal Repayment) 10,000
M. Sukanya Samriddhi Account
N. Stamp Duty & Registration Charges 0
O. Tuition fees for 2 children 6,000
Less: Additional Deduction under Sec 80CCD NPS (Max Rs 50,000/-) 0
Less: Deduction under chapter VI A
A. 80 D Medical Insurance premiums (for Self ) 0
B. 80 D Medical Insurance premiums (for Parents) 0
C. 80 E Int Paid on Education Loan 0
D. 80 DD Medical Treatment of handicapped Dependent 0
E. 80DDB Expenditure on Selected Medical Treatment for self/ dependent 0
F. 80G, 80GGA, 80GGC Donation to approved funds 0
G. 80GG For Rent in case of NO HRA Component (Budget 2016) 0
H. 80U For Physically Disable Assesse 0
I. Any other 0
Total Income
Tax Rebate of Rs. 2,500 (For Income of less than 3.5 lakhs) (Budget 2017)
Total Tax Payable
Tax Surcharge @ 10% (For Income of more than 50 Lakhs) (Budget 2017)
Add; Edn Cess @ 3%
Net Tax Payable
Advance Tax Paid
Tax Remianing to be Paid
Tax to Total Income Ratio

In case of any queries or doubts please mail at - apnaplan.com@gmail.com

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usage is res
to non commercial use only.

Disclaimer: All care has been taken to keep the information upto date and correct and is for educational purpose only. You a
encouraged to consult your Tax Advisor before taking any decesion based on this calculator.

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 tax clculator

AY 2018-19) For any Queries write to -

apnaplan.com@gmail.com

ALI BAIG MOHAMMAD

AIMPA5554H

10-Jan-81 Fill up only the Orange Cells

31-Mar-18
37
472,931
0
0 For Income Tax purpose - only Delhi, Mumbai,
Chennai & Kolkatta are considered as metro
cities. Noida, Gurgaon etc are Non-metro
0 cities.
0
0
You can take Tax Benefit on both HRA & Home
0 Loan.
0 In case of any queries Click here.
0
472,931
0 0 Interest up to Rs 10,000 in Saving Bank
Account is not taxable under Sec 80TTA. So
deduct Rs 10,000 while entering interest
income from Saving account.
All interest received via FD is taxable.

The maximum exemption on Home Loan

-140,000 interest is Rs. 2 lakhs irrespective of it being
-140,000 Letout or Self-Occupied [in Budget 2017]
0
0
332,931
53,222 -53,222

Click here to
Choose the best investment under 80C.

Click here to choose the Best Tax Saving Fixed

Deposit rates from banks

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 Click here to choose the Best Tax Saving Fixed
Deposit
tax rates from banks
clculator

Click here to choose the Best Tax Saving

Mutual Funds (ELSS)

Click Here to know about

Sukanya Samriddhi Account

0 Read more about Tax benefit on NPS

0
0 Read more about RGESS at Apnaplan.com
0
0 Click Here in case of any doubt on Education
0 Loan Tax Exemption
0
0
0 Tax Rebate u/s 87A has been reduced to Rs
2,500 from Rs 5,000 Budget for people with
0 income less than Rs 3.5 Lakhs
0 Income here means Gross Income - Chapter VI
279,709 Deduction - 80 C Deduction
Click for more details
-2,500
0
0
0
0
3,416
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-3,416 Click here to Download a simple presentation on Tax Saving!
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ends and family. The usage is restricted

r educational purpose only. You are

.

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