Income Tax Calculator 2013-14
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Income Tax Calculator FY 2013-14
Particulars Gross Income (CTC) HRA Exemptions u/s 10 A Other Exemptions u/s 10 A Professional Tax Net Income under Salaries Deductions u/s 80 C Deductions u/s 80 CCG Deductions u/s 80 D Tax Benefit u/s 24 Tax Benefit u/s 80-EE Total Deductions/Benefits Taxable Income Tax Slab Income Tax Payee Type 200,000 500,000 1,000,000 10,00,000+ Tax on Total Income Surcharge Tax with Surcharge Education Cess Tax with Cess Tax Credit Tax Liability Upto Rs. 2000 if Taxable Income < Rs. 5 lakhs 10% on Tax if Income > Rs 1 Crore Tax payable on this income Slab Income Male, Female, Sr. Citizen>60, Very Sr. Citizen>80 200,000 300,000 500,000 278,900 Output Tax Rate Input 0% 10% 20% 30% Output 10% Output 3% Output Output Output HRA Calculation below Medical, Convenyance etc Professional Tax Gross Income - Exemptions Investments in PF, PPF, Life Ins., ELSS, NPS etc Investments in RGESS (50% of Investments) Medical Insurance Premium (Self, Parents) Interest Paid On Home Loan (Max 1.5 L) Interest Paid On Home Loan (1 L if eligible ) Details Salary, Bonus, Allowances, Other income etc Type Input Input Input Input Output Input Input Input Input Input Amount in Rs. 1,800,000 99,000 24,600 2,500 1,673,900 100,000 25,000 20,000 150,000 100,000 395,000 1,278,900 Tax Amount Male 30,000 100,000 83,670 213,670 213,670 6,410 220,080 220,080
Income Tax Ratio
Monthly Income Monthly Tax (Appx TDS) Income Tax Ratio Gross Income/12 Tax Liability/12 Gross Income/Tax Liability Output Output Output 150,000 18,340 12.23%
HRA Exemption Calculator
City living in Input Metro
Basic Salary + DA HRA Received Actual Rent Paid Least of the following will be HRA Exemption 1 2 3 HRA Receieved % of Salary+DA (50%-Metro & 40%-Non-metro) Rent paid in excess of 10 % of salary
Input Input Input Output Output Output
450,000 144,000 144,000 99,000 144,000 225,000 99,000
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Income Tax Calculator FY 2013-14
Particulars Gross Income (CTC) HRA Exemptions u/s 10 A Other Exemptions u/s 10 A Professional Tax Net Income under Salaries Deductions u/s 80 C Deductions u/s 80 CCG Deductions u/s 80 D Tax Benefit u/s 24 Tax Benefit u/s 80-EE Total Deductions/Benefits Taxable Income Tax Slab Income Tax Payee Type 200,000 500,000 1,000,000 10,00,000+ Tax on Total Income Surcharge Tax with Surcharge Education Cess Tax with Cess Tax Credit Tax Liability Upto Rs. 2000 if Taxable Income < Rs. 5 lakhs 10% on Tax if Income > Rs 1 Crore Tax payable on this income Slab Income Male, Female, Sr. Citizen>60, Very Sr. Citizen>80 200,000 300,000 500,000 278,900 Output Tax Rate Input 0% 10% 20% 30% Output 10% Output 3% Output Output Output HRA Calculation below Medical, Convenyance etc Professional Tax Gross Income - Exemptions Investments in PF, PPF, Life Ins., ELSS, NPS etc Investments in RGESS (50% of Investments) Medical Insurance Premium (Self, Parents) Interest Paid On Home Loan (Max 1.5 L) Interest Paid On Home Loan (1 L if eligible ) Details Salary, Bonus, Allowances, Other income etc Type Input Input Input Input Output Input Input Input Input Input Amount in Rs. 1,800,000 99,000 24,600 2,500 1,673,900 100,000 25,000 20,000 150,000 100,000 395,000 1,278,900 Tax Amount Male 30,000 100,000 83,670 213,670 213,670 6,410 220,080 220,080
Income Tax Ratio
Monthly Income Monthly Tax (Appx TDS) Income Tax Ratio Gross Income/12 Tax Liability/12 Gross Income/Tax Liability Output Output Output 150,000 18,340 12.23%
HRA Exemption Calculator
City living in Input Metro
Basic Salary + DA HRA Received Actual Rent Paid Least of the following will be HRA Exemption 1 2 3 HRA Receieved % of Salary+DA (50%-Metro & 40%-Non-metro) Rent paid in excess of 10 % of salary
Input Input Input Output Output Output
450,000 144,000 144,000 99,000 144,000 225,000 99,000
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