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

Apr-2023 to Mar-2024

Apr-2022 to Mar-2023

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 and LTA i

Total Exemptions under 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 on Gross Income	₹ 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 (80D, 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)
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 - 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