Income Tax Calculator

Basic Information

These set of screens will collect some basic data to help calculate your taxes for selected year
The final output will be a comparison of the tax computations under the Old Regime and the New Regime

Financial Year

Your age

Below 60 years (Normal Citizen)

Between 60 and 80 years (Senior Citizen)

Above 80 years (Super Senior Citizen)

Income Details

Income from Salary i

Gross Flexi Benefitsi

Income from Bank Interest i

Any other Income / Taxable Super Annuation i

Total Exemptions under HRA, LTA, Gratuity and Leave Encashment i

Standard Deduction

Profession Tax

Note: All inputs to be entered as annual values.

Loss from House Property

Property 1

Self-Occupied

Let-Out

Interest Paid on Housing Loan

Property 2

Self-Occupied

Let-Out

Interest Paid on Housing Loan

Deductions

Deductions - 80C i

Contribution to NPS - 80CCD(1b)

Health Insurance Premium - 80D

Employer's Contribution to NPS - 80CCD(2)i

Deductions on Interest Income - 80TTA i

Other Deductions i

Tax Computations

Old Regime

Section 1 - Income Details
Gross Income from Salary	₹ 0
Income from Bank Interest	₹ 0
Any other Income / Taxable Super Annuation	₹ 0
Employer's Contribution to NPS - 80CCD(2)	₹ 0
Less - Exemptions u/s 10	₹ 0
Less - Standard Deduction	₹ 0
Less - Profession Tax	₹ 0
Net Income [A]	₹ 0

Section 2 - Loss from House Property
Property 1 (Self-Occupied)
Less - Interest Paid on Housing Loan		₹ 0
Property 1 (Let-Out)
Interest Paid on Housing Loan	₹ 0
Annual Rent Received	₹ 0
Annual Municipal Taxes Paid	₹ 0
Loss from House Property		₹ 0
Property 2 (Self-Occupied)
Less - Interest Paid on Housing Loan		₹ 0
Property 2 (Let-Out)
Interest Paid on Housing Loan	₹ 0
Annual Rent Received	₹ 0
Annual Municipal Taxes Paid	₹ 0
Loss from House Property		₹ 0
Net Loss form House Property [B]		₹ 0

Section 3 - Deductions
Less - Deductions - 80C	₹ 0
Less - Contribution to NPS - 80CCD(1b)	₹ 0
Less - Health Insurance Premium - 80D	₹ 0
Less - Employer Contribution to NPS - 80CCD(2)	₹ 0
Less - Deductions on Interest Income - 80TTA	₹ 0
Less - Other Deductions (80DDB, 80E, etc.)	₹ 0
Total Deductions [C]	₹ 0

Section 4 - Tax Workings
Net Income [A]	₹ 0
Less - Net Loss from House Property [B]	₹ 0
Less - Total Deductions [C]	₹ 0
Taxable Income [A-B-C]	₹ 0
Basic Tax	₹ 0
Surcharge	₹ 0
Education Cess	₹ 0
Total Tax Liability	₹ 0

New Regime

Section 1 - Income Details
Gross Income from Salary	₹ 0
Gross Flexi Benefits	₹ 0
Income from Bank Interest	₹ 0
Any other Income / Taxable Super Annuation	₹ 0
Employer's Contribution to NPS - 80CCD(2)	₹ 0
Less - Exemptions on Gross Income	₹ 0
Less - Standard Deduction	₹ 0

Net Income [A]	₹ 0

Section 2 - Loss from House Property
Property 1 (Self-Occupied)
Less - Interest Paid on Housing Loan		₹ 0
Property 1 (Let-Out)
Property 2 (Self-Occupied)
Less - Interest Paid on Housing Loan		₹ 0
Property 2 (Let-Out)
Net Loss form House Property [B]		₹ 0

Section 3 - Deductions



Less - Employer Contribution to NPS - 80CCD(2)	₹ 0
Less - Deductions on Interest Income - 80TTA	₹ 0

Total Deductions [C]	₹ 0

Section 4 - Tax Workings
Net Income [A]	₹ 0
Less - Net Loss from House Property [B]	₹ 0
Less - Total Deductions [C]	₹ 0
Taxable Income [A-B-C]	₹ 0
Basic Tax	₹ 0
Surcharge	₹ 0
Education Cess	₹ 0
Total Tax Liability	₹ 0