Income Tax Calculator

Financial Year 2021-2022

Basic Information

These set of screens will collect some basic data to help calculate your taxes for FY 2021-22.
The final output will be a comparison of the tax computations under the Existing Regime and the New Regime

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 on Gross Income 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)

Deductions on Interest Income - 80TTA i

Other Deductions i

Tax Computations

Existing Regime

Section 1 - Income Details
Gross Income from Salary	₹ 0

Income from Bank Interest	₹ 0
Any other Income / Taxable Super Annuation	₹ 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



Net Income [A]	₹ 0

Section 2 - Loss from House Property














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