Income Tax Calculator

1 Income from Gross Salary 0

Standard Deduction 40000
-40000
2 HRA Exemption
Total Basic Actual HRA Received 0
Total DA (If Any) 0 Rent paid in excess of 10% of (Basic+DA) 0 0
Total HRA 50% of (Basic+DA) 0
Total House Rent Paid
-40000
3 Professional Tax 1200 1200
-41200
4 Deduction
80C (LIC, PPF)
PF Employee Share
Donation (80G) 0
Other Deductions if any under 80D,
80DDB, 80EE, 80TTA Health Checkup (Max 5000), House loan Interest etc..

5 Net Taxable Income -41200

6 Calculation of Income Tax

Upto 250000 (NIL) 0
250001 to 500000 (5%) -14560
500001 to 1000000 (20%) 0
1000001 & above (30%) 0
Total Tax -14560
Heath & Education Cess (4%) -582.4
Total Tax Payable -15142.4