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  • Easy Tax

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    Siva Ganesh
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    This document is a tax calculation for the financial year 2023-24 for an individual below 60 years old. It shows a gross income of Rs. 1,280,000, deductions and exemptions of Rs. 454,240, and a taxable income of Rs. 827,600. The total tax calculated is Rs. 81,140.

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    Tax

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    EasyTax

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    This document is a tax calculation for the financial year 2023-24 for an individual below 60 years old. It shows a gross income of Rs. 1,280,000, deductions and exemptions of Rs. 454,240, and a taxable income of Rs. 827,600. The total tax calculated is Rs. 81,140.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    13 views1 page

    Easy Tax

    Uploaded by

    Siva Ganesh
    This document is a tax calculation for the financial year 2023-24 for an individual below 60 years old. It shows a gross income of Rs. 1,280,000, deductions and exemptions of Rs. 454,240, and a taxable income of Rs. 827,600. The total tax calculated is Rs. 81,140.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Name EasyTax

    Financial Year 2023-24 (AY: 2024-25)


    Age Group Below 60 [Old Tax Regime]
    A. Gross Total Income 1280000
    (i) Salary Income 1280000
    B. Deductions & Exemption 452400
    (a) Standard Deduction [16(ia)] 50000
    (b) Professional Tax [16(iii)] 2400
    (c) 80C- LIC, GPF, PPF, etc. 150000
    (d) 80CCD(1b)- NPS 50000
    (e) Home Loan Interest 200000
    C. Taxable Income (A - B) 827600
    Tax Upto ₹250000 0% ₹0
    ₹250001 -- ₹500000 5% ₹12500
    ₹500001 -- ₹827600 20% ₹65520
    Tax on Total Income ₹ 78020
    Rebate under Sec 87A ₹0
    Surcharge on Tax ₹0
    Education Cess ₹ 3121
    Total Tax ₹ 81140
    Tax paid till date ₹0
    Balance tax to be paid ₹81140
    by 'Easy Tax Calculator' android app

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