Income Tax Calculator FY 2012-13

Particulars Income Tax Payee Type Gross Income Exemptions u/s 10 A Gross Total Income Deduction under VI A Tax Benefit u/s 24 Taxable Income Tax Slab 200,000 500,000 1,000,000 10,00,000+ Tax on Total Income Education Cess Tax Payable Monthly Income Monthly Tax (Appx TDS) Income Tax Ratio Gross Total Income/12 Tax Payable/12 Gross Total Income/Tax Payable Details Sr. Citizen>60, Very Sr. Citizen>80 Salary, Bonus, Allowances, Other income etc HRA (Cal below), Medical, Convenyance etc Gross Income - Exemptions 80C, 80D, Health Insurance etc Interest Paid On Home Loan Tax payable on this income Slab Income 200,000 300,000 500,000 86,400

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 HRA Receieved % of Salary+DA (50%-Metro & 40%-Non-metro) Rent paid in excess of 10 % of salary

Created BY K.gandhi

www.fpindia.in Independent Finacial Planner ( Personal And Corporate )

Calulator for Male, Female,Senior citizen

ulator FY 2012-13
Type Dropdown Input Input Input Output Input Input Output Tax Rate 0% 10% 20% 30% Output 3% Output Output Output Output Amount in Rs. Male 1,600,000 243,600 1,356,400 120,000 150,000 1,086,400 Tax Amount 30,000 100,000 25,920 155,920 4,678 160,598 133,333 13,383 10.04%

on Calculator
Dropdown Input Input Input Input Output Output Output Metro 450,000 240,000 264,000 219,000 240,000 225,000 219,000

Sign up to vote on this title
UsefulNot useful