INCOME TAX CALCULATOR

FINANCIAL YEAR 2014-2015 : ASSESSMENT YEAR 2015-16

Select : Male / Female / Senior Citizen

1
a)
b)
c)
d)
2
3
4
5
6
7
8
9
10
a)
b)
c)
d)
11
12
13
14
15
16

Income from Salary

Taxable Salary (Except a,b,c and d)
Taxable House Rent Allowance
Taxable Conveyance Allowance
Taxable Children Education Allowance
Taxable Children Hostel Allowance
Taxable Perquisites
Less : Professional Tax
Less : Entertainment Allowance
Net Income From Salary
Income from House Property
Income from one self occupied house
Less : (a) Interest paid on Home Loansr
fo
Loss from self occupied house property
st

illu

n
tio
a
r
st

Income from Other Sources

is j
s
i
Gross Total IncomeTh
Deduction Under Chapter VI A
Investments / Payments in eligible avenues
Payment towards Medical insurance
Additional Interest on Loan against House Property
Any other deduction

>>>>

MALE

0
0
0
0
0
0
0

16(ii)
e
16(iii)pos

1-(2+3)
pu
Sec.24

NIL
Sec.24
5-6
4+7+8
80C / 80CCC
80D
80EE

Total Taxable Income ( TTI )

Income Tax
Tax Rebate of Rs. 2000 (u/s 87A For TTI <= 5 lacs)
Add : Surcharge @10% (For TTI >= 1 Crore)
Add : Education Cess @ 3%

9-10

Total Tax Payable

12-13+14+15

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www.fastfacts.co.in

0
0
0
0

Email: sales@thomsonreuters.com

s@thomsonreuters.com

0
0
0

0
0
0
0
0
0
0

HRA CALCULATION -Select : Monthly/Yearly >>>>

Month

HRA
Received

Rent Paid

Metro

YEARLY

Monthly
Salary

Tax Free

Taxable

April

May

June

July

August

September

October

November

December

January

February

March

TOTAL

TAX FREE

TAXABLE

YEARLY
TAX FREE
TAXABLE

0
0
0

CONVEYANCE ALLOWANCE
Month

Amount
Received

Tax Free

CHILDREN EDUCATION ALLOWANCE

Taxable

Month

April

April

May

May

June

June

July

July

August

August

September

September

October

October

November

November

December

December

January

January

February

February

March

March

TOTAL

TOTAL

No.of
Children

Amount
Received

DUCATION ALLOWANCE
Tax Free

Taxable

Income Tax Slabs for F.Y. 2014-2015

MALE
From

0
250,001
500,001
1,000,001 onwards

To
250,000
500,000
1,000,000

Rate

FEMALE
From
0%
10%
20%
30%

SENIOR CITIZEN (Above 60 yrs and below 80 yrs)

From
To
Rate
0
300,000
0%
300,001
500,000
10%
500,001
1,000,000
20%
1,000,001 onwards
30%

0
250,001
500,001
1,000,001 onwards

To
250,000
500,000
1,000,000

SR.CITIZEN (Above 80 yrs)

From
To
0
500,000
500,001
1,000,000
1,000,001 onwards

** Surcharge applicable @10% for Income more than 1 crore

** Tax Rebate of Rs. 2,000 (u/s 87A For Taxable Income less than 5 lacs)
Phone : 022-40557000

www.fastfacts.co.in

Email: sales@thomsonreuters.com

Rate
0%
10%
20%
30%

Rate

@thomsonreuters.com

0%
20%
30%