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

420,390

HRA Calculation below

Input

40,200

Medical, Convenyance etc

Input

20,100

Professional Tax

Input

2,196

Gross Income - Exemptions

Output

357,894

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

Input

36,239

Investments in RGESS (50% of First time Invest)

Input

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

36,239

Tax payable on this income

Output

Slab Income

Tax Rate

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

321,655

Tax Amount

Input

250,000

0%

71,655

10%

Male
7,166

20%

30%

Output
12% on Tax if Income > Rs 1 Crore

12%

7,166
-

Output

7,166

3%

215

Output

7,380

Output

2,000

Output

5,380

Gross Income/12

Output

35,033

Tax Liability/12

Output

448

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

Income Tax Ratio

Gross Income/Tax Liability

Output

1.28%

Input

Metro

HRA Exemption Calculator

Input

95,100

Input

57,060

Input

90,000

ll be HRA Exemption

47,550

HRA Receieved

Output

57,060

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

Output

47,550

Rent paid in excess of 10 % of salary

Output

80,490

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

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