Income and Tax Calculator

Assessment Year

 

Tax Payer

 

Male / Female / Senior Citizen

 

Residential Status

 

Income from Salary

 

Income From House Property Show Details

a. Income from Self-occupied Property
Interest Paid/Payable on Housing Loan

1. Interest on Housing Loan

2. Income from Self-occupied House Property

b. b. Income from Let-out Property

1. Annual Letable Value/Rent Received or Receivable

2. Less: Municipal Taxes Paid During the Year

3. Less:Unrealized Rent

4. Net Annual Value (1-(2+3))

5. Less: Deductions from Net Annual Value

i. Standard Deduction @ 30% of Net Annual Value

ii. Interest on Housing Loan

6 Income from Let-out House Property

 

Capital Gains Show Details

Short Term Capital GainS (Other than covered under section 111A)
From 01/04/2014 to 15/09/2014 From 16/09/2014 to 15/12/2014 From 16/12/2014 to 15/03/2015 From 16/03/2015 to 31/03/2015 Total
Short Term Capital GainS (Covered under section 111A)
From 01/04/2014 to 15/09/2014 From 16/09/2014 to 15/12/2014 From 16/12/2014 to 15/03/2015 From 16/03/2015 to 31/03/2015 Total
Long Term Capital Gains (Charged to tax @ 20%)
From 01/04/2014 to 15/09/2014 From 16/09/2014 to 15/12/2014 From 16/12/2014 to 15/03/2015 From 16/03/2015 to 31/03/2015 Total
Long Term Capital Gains (Charged to tax @ 10%)
From 01/04/2014 to 15/09/2014 From 16/09/2014 to 15/12/2014 From 16/12/2014 to 15/03/2015 From 16/03/2015 to 31/03/2015 Total
 

Income From Other Sources Show Details

Interest
Commission/Other Income
Winnings from Lottery, Crossword Puzzles, etc.
 

Profits and Gains of Business or Profession (enter profit only)

 

Agricultural Income

 

Deductions Show Details

Life Insurance premium paid
Payment for annuity plan
Contribution toward provident fund / PPF
Investment in NSC (VIII issue) + Interest
Contribution toward ULIP
Contribution toward notified pension fund by MF/UTI
Re-payment of housing loan etc
Tuition fees paid for children
5 Years fixed deposit with PO or Schedule Bank
Contribution toward NPF
Employee's / Self-employed contribution toward NPS (up to 10%) (u/s 80CCD)
Additional contribution towards NPS [u/s 80CCD(1B)]
Employer's contribution toward NPS (up to 10%) (u/s 80CCD)
Long-term infrastructure bonds (u/s 80CCF)
Investment under equity saving scheme (u/s 80CCG)
Deposit with Sukanya Samridhi Accounts
Any other deductable (u/s 80C)
Total
Medi-claim premium (u/s 80D)
Actual payment towards medical treatment (u/s 80DDB)
Donations (u/s 80G)
Deduction for maintenance / medical treatment of dependent (u/s 80DD)
Interest on loan for higher education (u/s 80E)
Interest on loan taken for Residential House (u/s 80EE)
Deduction in case of a person with disability (u/s 80U)
Interest on deposits in saving account (u/s 80TTA)
Any other deductions
 

Net Taxable Income

 

Income Liable to Tax at Normal Rate

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Short Term Capital Gains (Covered u/s 111A)

15%

Long Term Capital Gains (Charged to tax @ 20%)

20%

Long Term Capital Gains (Charged to tax @ 10%)

10%

Winnings from Lottery, Crossword Puzzles, etc)

30%

Income Tax

 

Surcharge

 

Education Cess

 

Secondary and higher education cess

 

Total Tax Liability

 

Due date of submission of return

 

Actual date of submission of return/date of completion of assessment

 

Relief other than relief u/s 87A

 

TDS/TCS/MAT (AMT) Credit Utilized

 

Detail of tax paid




Date Amount
 

Amount of interest u/s 234A

 

Amount of interest u/s 234B

 

Amount of interest u/s 234C


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Advisory: Information relates to the law prevailing in the year of publication/ as indicated . Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.
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