Income Tax Calculator for F.Y 2022-23 & A.

Y 2023-24 (Old Regime)

arthikdisha.com
Name Arthik Disha
ARTPX1234D
PAN
Fill only
Yellow Cells
Date of Birth
Particulars Age (Years) 123

Gross Income from Salaries and Allowances -

Less: Exemptions U/S 10 -52,500.00
(i) H.R.A Exemption (Least of the following three) -
Resident of (Select from Dropdown) Metro
a. Basic Salary (Basic+DA) - -
b. Rent Paid - -
c. H.R.A received - -
(ii) Standard Deduction for Salaried & Pensioners (`50,000) 50,000.00 50,000.00
(iii) Retirement Leave Encashment U/S 10(10AA) - -
(iv) Professional Tax 2,500.00 2,500.00
Income From Salaries(After Deduction U/S 10) -52,500.00
Add: Income from Other Sources - -
1. Interesr income from the following sources:
a. Bank(Savings A/C / F.D/ Recurring)
b. N.S.C( Accrued/Received) -
c. Post Office MIS(POMIS) -
2. Any Other Income -
Income from House Properties -
a.Interest paid on House Building Loan (U/S 24) -
b.Additional Tax benefits for first time home buyers - -
c.Rent received from let out properties after Municipal Taxes -
Gross Total Income (G.T.I) -52,500.00
Less: Deduction U/S 80C(Max eligible amount `150000/-)
a. EPF & GPF Contribution - -
b. Public Provident Fund (PPF) -
c. N.S.C (Investment + accrued Interest before Maturity Year) -
d. Tax Saving Fixed Deposit (5 Years and above) -
e. E.L.S.S (Tax Saving Mutual Fund) -
f. Life Insurance Premiums paid
g. New Pension Scheme (NPS) (U/S 80CCC) -
h. Pension Plan from Insurance Co./Mutual Funds (u/s 80CCC) -
i. Principal Repayment on House Building Loan -
j. Sukanya Samriddhi Yojana -
k.Stamp Duty & Registration Fees on House Buying -
l. Tuition fees for children(max 2 children)
Less: Additional deduction for NPS U/S 80CCD(1B)-Max `50000) - -
Less: Deduction under chapter VI-A -
a. 80 D Medical Insurance premium (for Self ) -
b. 80 D Medical Insurance premium (for Parents) - -
c. 80 E Interest Paid on Education Loan - -
d. 80 DD Medical Treatment for dependent handicapped - -
e. 80DDB Expenditure on Medical Treatment for self/ dependent - -
f. 80G, 80GGA, 80GGC Donation to approved funds - -
g. 80GG Rent paid in case of no HRA received - -
h. 80U For Physically Disabled person - -
i. 80TTA/B (`10,000 for others & ` 50,000 for Senior Citizens) - -
Less: Employer Contribution to NPS U/S 80CCD(2) - - -
Net Taxable Income after all deductions -52,500.00
Tax Rebate of `12,500 (For Income less than 5 Lakh) -12,500.00
Tax Liability -
Surcharge @10%/15% (If income > `50 Lac & `1 Cr. Respectively) -
Add: Cess @ 4% -
Net Tax Payable -
Advance Tax Paid -
Balance Tax to be Paid -
Tax to Gross Income Ratio #DIV/0!

Income Tax Calculator for F.Y 2022-23 & A.Y 2023-24 (New Regime)
Gross Income from Salaries and Allowances -
Less: Deduction for Employer Contribution to NPS U/S 80CCD(2) -
Net Taxable Income after all deductions -
Tax Rebate of `12,500 (For Income less than 5 Lakh) -12,500.00
Tax Liability -
Surcharge @10%/15% (If income exceeds `50 Lakh & `1 Cr. Respectively) -
Add: Cess @ 4% -
Net Tax Payable -
Advance Tax Paid
Balance Tax to be Paid -
Tax to Gross Income Ratio #DIV/0!

In case of any queries you can mail at - admin@arthikdisha.com

Check the below related articles (Just click on each)
Max Deduction U/S
80C Rs. 1.5 Lakh

Max Deduction U/S

80CCD(1B) Rs. 50,000
over and above Section
80C

Max Employer's
Contribution 14% of
(Basic+DA) as per
Section 80CCD(2)
 Max Employer's
Contribution 14% of
(Basic+DA) as per
Section 80CCD(2)

Contribution in NPS over Rs.7.5

Lakh in a year is now taxable income
as per Budget 2020.

m
 3/31/2021
Metro
Non-Metro
 FORM No. 16
[See rule 31(1)(a)]
PART A
Certificate under section 203 of the Income Tax Act, 1961 for Tax Deducted at source on Salary
Name and address of Employer Name and Designation of the Employee
ArthikDisha ArthikDisha
PAN of Deductor TAN of Deductor PAN of the Employee
ARTPX1234D
CIT (TDS) Address Assessment Year Period
From To
Circle/Ward: 2023-2024
4/1/2022 3/31/2023

Amount of tax deducted in Amount of tax deposited in

Quarter Receipt Nos of Original statements of TDS under sub sec(3) of sec 200
respect of the Employee respect of the Employee

Quarter-1 0 0 0
Quarter-2 0 0 0
Quarter-3 0 0 0
Quarter-4 0 0
Total 0 0
PART B
Details of Salary paid and any other income and tax deducted
1 Gross Salary
(a) Salary as per provisions contained in sec.17(1) Rs. -
(b) Value of perquisites u/s 17(2) (as per Form No. 12 BB, whether applicable) Rs. 0
(c) Profits in lieu of salary under 17 (3) (as per Form No. 12BB, whether
Rs. 0
applicable)
(d) Total Rs. -
2 Less: Standard Dedection 50,000.00
Allowance u/s 10 a) House Rent paid Rs. -
Rs. 50,000.00
3 Balance (1-2) Rs. -50,000.00
4 Deductions:
(a) Tax on Employment Rs. 2,500.00
(b) Entertainment Allowance Rs. -
5 Aggregate of 4(a) & (b) Rs. 2,500.00
6 Income chargeable under the head 'salaries' (3-5) Rs. -52,500.00
7 Add: Any other Income reported by the employee
(a) Income/Dividend /Bank Interest/NSC Rs. -
(b) Income from House property (Interest on HCA) Rs. -
(c) Any Other Income Rs. - 0
8 Gross total income (6+7) Rs. -52,500.00
9 Deductions under Chapter VIA Gross Amount Qualifying Amount Deductible Amount
a EPF & GPF Contribution Rs. -
b Public Provident Fund (PPF) Rs. -
c N.S.C (Investment + accrued Interest before Maturity Year) Rs. -
d Tax Saving Fixed Deposit (5 Years and above) Rs. -
e E.L.S.S (Tax Saving Mutual Fund) Rs. -
f Life Insurance Premiums paid Rs. -
g New Pension Scheme (NPS) (U/S 80CCC) Rs. -
h Pension Plan from Insurance Co/Mutual Funds(U/S80CCC) Rs. -
i Principal Repayment on House Building Loan Rs. -
j Sukanya Samriddhi Yojana Rs. -
k Stamp Duty & Registration Fees on House Buying Rs. -
l Tuition fees for children(max 2 children) Rs. -
a) section 80C Total Rs. - -
b) section 80CCD(2) Rs. -
c) section 80CCD(1B) Rs. - 0
e) 80D,80DDB,80E,80G,80U etc.. Rs. - 0
10 Aggregate of deductible amount under Chapter VIA Rs. -
11 Total Income (8-10) Rs. -52,500.00
12 Tax on Total Income Rs. -
 Less u/s 87A / Tax Credit : Rs. -12,500.00
13 Educational cess @4 % on tax Rs. -
14 Tax Payable (12+13) Rs. 0
15 Rebate and relief under Chapter VIII
I u/s 88 0 u/s 88 B 0 u/s 88 C 0 Rs.
II Under section 89, 90, 91 (attach details) Rs.
Aggregate of tax rebates and relief Rs. -
16 Less: Tax deducted at source Rs. -
17 Tax Payable / Refundable (14-15-16) Rs. -
ANNEXURE - B
Details of Tax Deducted and Deposited in the Central Government Account through Challan
Tax Deposited in Challan Identification Number (CIN)
Sl.No respect of the Date on which tax Challan Serial
BSR code of Bank branch
Employee ( Rs.) deposited Number
0 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 30/12/1899 0
0 0 0 0
Total 0
I, Son of Sri…………………………………………………..working in the capacity of
……………………………………..do hereby certify that a sum of Rs: /- has been deducted at source and paid
to the credit of the Central Government.
I further certify that the information given above is true and correct based on the books of accounts, documents and other
available records:

Place : 0
Date : 15.04.2022 (Signature of Person responsible for deduction of tax)
Designation : Full Name : 0
ITR - 1 SAHAJ INDIAN INDIVIDUAL INCOME TAX RETURN AY 2022 - 2
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