Income and Tax Calculator
Assessment Year
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2024-25
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2016-17
2015-16
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2010-11
Tax Payer
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Individual
HUF
AOPs/BOI
Domestic Company
Foreign Company
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LLP
Co-operative Society
Whether opting for taxation under Section
115BAC
?
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Yes
No
Tick if, total turnover or gross receipts of the company in the previous year 2015-16 does not exeeds 50 crore rupees
Tick if, company opted and qualify under section 115BA
Male / Female / Senior Citizen
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Super Senior Citizen
Male / Female / Senior Citizen
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Male
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Residential Status
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Resident
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Not Ordinary Resident
Income from Salary
Income from Salary (Income from salary after standard deduction of Rs.40000.)
Income from Salary (Income from salary after standard deduction of Rs.50000.)
Income from salary (Income from Salary before Exemptions/Deductions
Income From House Property
i
Note:
In case the assesse is opted for Section 115BAC, Loss under head House Property for rented house shall not be allowed to set off from any other head of income and cannot be carried forward
Show Details
a.
Income from Self-occupied Property
Interest Paid/Payable on Housing Loan
1. Interest on Housing Loan
Income from self-occupied house property
b.
Income from Let-out Property
1. Annual Letable Value/Rent Received or Receivable
2. Less: Municipal Taxes Paid During the Year
3. Less:Unrealized Rent
4. Net Annual Value (1-(2+3))
Less: Deductions from Net Annual Value
i. Standard Deduction @ 30% of Net Annual Value
ii. Interest on Housing Loan
Income from Let-out House Property
Capital Gains
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Short Term Capital GainS (Other than covered under section
111A
)
From 01/04/2016 to 15/06/2016
From 16/06/2014 to 15/09/2014
From 16/09/2014 to 15/12/2014
From 16/12/2014 to 15/03/2015
From 16/03/2015 to 31/03/2015
Total
Short Term Capital GainS (Covered under section
111A
)
From 01/04/2014 to 15/06/2014
From 16/06/2014 to 15/09/2014
From 16/09/2014 to 15/12/2014
From 16/12/2014 to 15/03/2015
From 16/03/2015 to 31/03/2015
Total
Long Term Capital Gains (Charged to tax @ 20%)
From 01/04/2014 to 15/06/2014
From 16/06/2014 to 15/09/2014
From 16/09/2014 to 15/12/2014
From 16/12/2014 to 15/03/2015
From 16/03/2015 to 31/03/2015
Total
Long Term Capital Gains (Charged to tax @ 10%)
From 01/04/2014 to 15/06/2014
From 16/06/2014 to 15/09/2014
From 16/09/2014 to 15/12/2014
From 16/12/2014 to 15/03/2015
From 16/03/2015 to 31/03/2015
Total
Long Term Capital GainS (Covered under section
112A
)
From 01/04/2014 to 15/06/2014
From 16/06/2014 to 15/09/2014
From 16/09/2014 to 15/12/2014
From 16/12/2014 to 15/03/2015
From 16/03/2015 to 31/03/2015
Total
Income From Other Sources
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Interest
Commission/Other Income
Winnings from Lottery, Crossword Puzzles, etc.
From 01/04/2019 to 15/06/2019
From 16/06/2019 to 15/09/2019
From 16/09/2019 to 15/12/2019
From 16/12/2019 to 15/03/2020
From 16/03/2020 to 31/03/2020
Dividend income in excess of Rs.10 lakh(u/s
115BBDA
)
From 01/04/2019 to 15/06/2019
From 16/06/2019 to 15/09/2019
From 16/09/2019 to 15/12/2019
From 16/12/2019 to 15/03/2020
From 16/03/2020 to 31/03/2020
Profits and Gains of Business or Profession (enter profit only)
Agricultural Income
Deductions
Show Details
Life Insurance premium paid
Payment for annuity plan
Contribution toward provident fund / PPF
Investment in NSC (VIII issue) + Interest
Contribution toward ULIP
Contribution toward notified pension fund by MF/UTI
Re-payment of housing loan etc
Tuition fees paid for children
5 Years fixed deposit with PO or Schedule Bank
Contribution toward NPF
Employee's / Self-employed contribution toward NPS (up to 20%) (u/s
80CCD
)
i
Note:
Deduction in respect of employee’s contribution to NPS is allowed to extent of 10% of salary. Whereas, deduction in respect of contribution to NPS made by a self-employed individual is allowed to the extent of 20% of his gross total income.
Additional contribution towards NPS [u/s
80CCD(1B)
]
Employer's contribution toward NPS (u/s
80CCD
)
i
Note:
Deduction in respect of employer’s contribution to NPS is allowed to the extent of 14% of salary in case of Central Government employee or 10% of salary in case of any other employee.
Long-term infrastructure bonds (u/s
80CCF
)
Investment under equity saving scheme (u/s
80CCG
)
Deposit with Sukanya Samridhi Accounts
Any other deductable (u/s
80C
)
Total
Medi-claim premium (u/s
80D
)
Actual payment towards medical treatment (u/s
80DDB
)
Interest payable on loan for residentials house property (u/s
80EEA
)
Interest payable on loan for purchase of electric vehicles(u/s
80EEB
)
Donations (u/s
80G
)
Deduction for maintenance / medical treatment of dependent (u/s
80DD
)
Tick if
80DD
is claimed
Tick if severe disability
Interest on loan for higher education (u/s
80E
)
Interest on loan taken for Residential House (u/s
80EE
)
Deduction in case of a person with disability (u/s
80U
)
Tick if
80U
is claimed
Tick if severe disability
Interest on deposits in saving account (u/s
80TTA
)
Interest on deposits(u/s
80TTB
)
Contribution to Agnipath Scheme (u/s
80CCH
)
Any other deductions
Net Taxable Income
Income Liable to Tax at Normal Rate
---
Short Term Capital Gains (Covered u/s
111A
)
15%
Long Term Capital Gains (Covered u/s
112A
)
10%
Long Term Capital Gains (Charged to tax @ 20%)
20%
Long Term Capital Gains (Charged to tax @ 10%)
10%
Dividend income(u/s 115BBDA)
10%
Winnings from Lottery, Crossword Puzzles, etc)
30%
Income Tax
Surcharge
Education Cess
Secondary and higher education cess
Health and Education Cess
Total Tax Liability
Due date of submission of return
Actual date of submission of return/date of completion of assessment
Relief
TDS/TCS/MAT (AMT) Credit Utilized
Detail of tax paid
Date
Amount
Amount of interest u/s
234A
Amount of interest u/s
234B
Amount of interest u/s
234C
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