Income Tax Calculator FY 2017-18 (AY 2018-19)

Name Emp ID
PAN NUM
Head Description Amount in Rs.

Gross Income Salary and Other Income

Exemptions u/s 10 A HRA , Convenyance etc 335,160
Professional Tax Professional Tax -

Net Income under Salaries Gross Income - Exemptions -335,160

Deductions u/s 80 C
Deductions u/s 80 CCD
Deductions u/s 80 D
Investments in PF, PPF, Ins, ELSS, NPS, LIC etc 16,800 aur koi bhi polices ho to add kar sakta hai
Investments in NPS((Maximum limit 50,000) , School
- Not eligibible
Tution Fees (Max 2 child)
Medical Insurance Premium (Self, Parents) 1,920

Deductions u/s 80 G Eligible Donations - Not eligibible

Deductions u/s 80 E Interest Paid on Education Loan - Not eligibible

Deductions u/s 80 TTA Interest Received on Savings Bank A/C - Not eligibible

Tax Benefit u/s 24 Interest Paid On Home Loan - Not eligibible

Total Deductions/Benefits

Taxable Income

Tax Slab Slab Income Tax Rate Tax Amount

Income Tax Payee Type Male, Female, Sr. Citizen>60, Very Sr. Citizen>80 Male

250,000 - 0% -

500,000 - 5% -

1,000,000 - 20% -

10,00,000+ - 30% -

Tax on Total Income -

Surcharge 10% on Tax if Income > Rs 50 Lakh less than 1 Cr 10% -

Surcharge 15% on Tax if Income > Rs 1 Crore 15% -

Tax with Surcharge -

Education Cess 3% -

Tax with Cess -

Tax Credit Upto Rs. 5000 if Taxable Income < Rs. 5 lakhs -

Tax Liability -

Signature of the Employee

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