Income Tax Calculator – Pre & Post Budget 2017
A simple and elegant tool to check your income tax on your salary package or pension.
Just enter your annual income including all arrears and find the tax amount have to pay as income tax roughly. After announcement of income tax rates in the budget session, we created a tool immediately and presented, the tool is called ‘Income Tax Calculator – Pre & Post Budget 2017’…
| Income Tax Calculator - Pre & Post Budget 2017 | |
|---|---|
| Age Category | |
| Gross Income | |
|
|
|
| Description | FY 2016-17 | FY 2017-18 |
|---|---|---|
| Gross Income | ||
| 80C Deduction | ||
| Taxable Income | ||
| 0% () | --- | --- |
| 5% () | ||
| 10% () | ||
| 20% () | ||
| 30% () | ||
| Tax on Income | ||
| Rebate U/S87A | ||
| Tax on net Income | ||
| Surcharge | ||
| Educational Cess 3% | ||
| Total Tax Payable | ||
| Impact on Tax | ||
Loved the latest income tax calculator of tax2win.in . It shows the comparison of the tax payable in different financial years – https://tax2win.in/tax-tools/income-tax-calculator
i am retired employee having 15years
ppf account in post office.15years completed but still the account is operational and i am depositing rs 1.5
lakhs every year.the amount is accepted as savings for the income tax
or i have to take elss mutual fund
policy for rs 1.5 lakhs.
After 15 years PPF it will be given saving bank interest 4% only but no tax rebate for that amount, so you open another PPF or any after Tax benefit in 80c/any other sections.
l am retired employee having ppf account of 15 years.already completed
15years. now the deduction in the ppf
account for rs 1.5 lakhs is eligible for
income tax 80 c savings.
This is very easy to use income tax calculator with minimum input required to be filled. This is especially useful because a layman does not understand taxes and hence does not know to fill in complex income input fields. Great job. Another one that is equally easy to use is the one here on H&R Block website – https://www.hrblock.in/income-tax-calculator/
Incomplete formula where is sec. 80D./80TTA.?
I calculated from TAX2WIN it’s easy http://tax2win.in
Good…good effort. But there is no provision for other deductions.