Income Tax Calculator for Financial Year 2023-2024

Amount in Rupees (Rs)

Income Tax Calculator for Financial Year 2023-2024
Name
Gender Age
Number of Children
Mobile Number
PAN
Email
Component Name April May June July August Sept Oct Nov Dec Jan Feb Mar Total New Scheme Case
Basic Salary  
House Rent Allowance (HRA)
Dearness allowance (DA)
Child Education Allowance
Grade/Special/Management/Supplemementary Allowance
City Compensatory Allowance (CCA)
Arrears
Gratuity
Leave Travel Allowance (LTA)
Leave Encashment
Performance Incentive/Bonus
Food Coupons
Periodical Journals
Uniform/Dress Allowance
Telephone Reimbursements
Professional Development Allowance
Car Reimbursement
Internet Expense
Driver Salary
Gifts From Non-Relatives
Gifts From Relatives
Agricultural Income
House Rent/ Notional rent (income from house property)
Saving bank account interest
Other income (Fixed deposit /NSC/SCSS Interest)
Income from Lottery, Crossword Puzzles, prizes etc
STCG from listed equity products/equity MFs
STCG not from listed equity products/equity MFs
LTCG from listed equity products/equity MFs
LTCG not from listed stocks/ equity MFs w/o indexation
LTCG not from listed stocks/ equity MFs with index. benefits
TOTAL INCOME
Monthly Deductions from salary April May June July August Sept Oct Nov Dec Jan Feb Mar    
TDS (Tax deducted at source)  
Professional Tax
Employee's PF Contribution
Self/Employee's NPS/APY Contribution
VPF (Voluntarily Provident Fund) contribution
Deduction for company provided transport
Deduction towards State Labour welfare Fund (LWF)
Deduction towards company provided Group Term insurance
Deduction towards Leave availed
Deduction towards company provided medical insurance
Other Deductions from Employer
Employer's NPS Contribution
Employer's PF Contribution
In Hand Salary    
In Hand Salary without reimbursments    
Total Income this year  
Exemptions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total New Scheme Case
Actual Rent paid as per rent receipts  
Place of residence    
HRA Exemption  
Non-Taxable Allowances Actual Submission  
Child Education Allowance    
LTA receipts    
Food Coupons    
Periodical Journals    
Uniform/Dress Allowance    
Telephone Reimbursement receipts    
Prof. Development receipts    
Car Expenses Reimbursement receipts    
Internet expense receipts    
Driver Salary receipts    
Other Reimbursement receipts submitted    
Non taxable Gratuity    
Non taxable leave encashment  
Non taxable House rent income-30% ded.    
Balance Salary  
Professional Tax    
Net Taxable Salary  
Total Home loan amount    
Self occup. Home Loan Int. Component    
Letout property Home Loan Interest    
Municipal taxes paid on letout properties    
Gross Total Income  
Deductions under chapter VIA  
Life Insurance Premium payment  
Employee's contribution to PF  
PPF (Public Provident Fund) or SSAS  
Equity Tax saver Mutual Funds - ELSS  
National Savings Certificate (NSC) deposit  
National Savings Scheme (NSS) deposit  
Senior Citizen Savings Scheme (SCSS)  
Post Office/Tax saving Bonds  
Children Tution Fees paid  
Housing Loan Principal repayment  
Tax saving Fixed Deposit for 5 yrs  
Stamp Duty/Reg. charges for house  
Other Eligible Investments  
Total of Section 80C  
Pension Fund (80 CCC)  
NPS/APY Deposit 80CCD  
Total Deductions u/s 80C, 80CCC, 80CCD    
80D (Medical ins. for Self/Family all below 60 yrs)    
80D (Medical insurance for Parents)  
80DD (Maint. of depandant disabled)  
80DDB (Medical treatment - specific diseases)  
80E (Int. on Education Loan)  
80U (Handicapped person)  
Donations - 80G (100 % deductions)  
Donations - 80G (50 % deductions)  
Employer NPS deduction u/s 80CCD(2)  
Interest deduction u/s 80TTA/B  
Interest deduction u/s 80EEB  
Standard Deduction (50,000)
Total Taxable Income
Taxable Income rounded off
Income Tax on Total Income
Tax rebate u/s 87A
Income tax after Tax rebate
Surcharge
Income tax including surcharge
Education Cess @ 4%
Income tax including education cess
TDS (Tax deducted at source)
Pending Tax Payable

Tax Saving Details

PPF Investments Amount
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Total
Insurance Policies Premium payments Amount
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Total
Mutual Fund investments Amount
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Total
Long Term infra bonds investment Amount
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December
January
February
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Total
NSC investments Amount
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October
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December
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Total
NSS Investments Amount
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September
October
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December
January
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Total
SCSS investments Amount
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October
November
December
January
February
March
Total
Post Office/Tax saving Bonds investments Amount
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June
July
August
September
October
November
December
January
February
March
Total
Children Tution Fees paid Amount
April
May
June
July
August
September
October
November
December
January
February
March
Total
Housing Loan Principal repayment Amount
April
May
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August
September
October
November
December
January
February
March
Total
Tax saving Fixed deposits for 5 yrs. Amount
April
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September
October
November
December
January
February
March
Total
Pension Fund (80 CCC) investments. Amount
April
May
June
July
August
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October
November
December
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Total

GROSS TOTAL
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Old Scheme Taxable payable (14-15) :
New Scheme REFUND (-) / TAX PAYABLE (+):

Details of Salary paid and any other income and tax deducted



1 Gross Salary
  (a) Salary as per provisions contained in sec. 17(1)
  (b) Value of perquisites u/s 17(2) (as per Form No.12BA, wherever applicable)
  (c) Profits in lieu of salary under section 17(3)(as per Form No.12BA, wherever applicable)
  (d) Total    
2 Less :Allowance to the extent exempt u/s 10
  (a) HRA Exemption
  (b) Conveyance allowance
  (c) Child Education Allowance
  (d) Gratuity
  (e) Leave Travel Allowance
  (f) Leave Encashment
  (g) Total    
3 Balance 1-2    
4 Deductions :
  (a) Entertainment allowance
  (b) Tax on employment
5 Aggregate of 4(a) and (b)    
6 Income chargeable under the head 'Salaries' (3-5)
7 Add: Any other income reported by the employee
  (a) Income From House Property
  (b) Saving bank interest
  (c) Other taxable income
  Total    
8 Gross total income (6+7)
9 Deductions under Chapter VI-A
  (A) sections 80C, 80CCC and 80CCD
  (a) Deductions in respect of specified investments/savings - 80C   Gross Amount Deductible Amount
  (i) ELSS    
  (ii) EPF    
  (iii) PPF    
  (iv) Home Loan principal repay    
  (v) Stamp duty    
  (vi) Life insurance premium    
  (vii) NSC/NSS deposits    
  (viii) SCSS deposits    
  (ix) Tax saving fixed deposits    
  (x) Children tution fees    
  (b) section 80CCC    
  (c) section 80CCD  
  (B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under Chapter VI-A.   Gross Amount Deductible Amount
  (i) section 80D  
  (ii) section 80DD  
  (iii) section 80DDB  
  (iv) section 80E  
  (v) section 80U  
  (vi) section 80CCG  
  (vii) Employer NPS deduction u/s 80CCD(2)  
  (viii) 80TTA/B  
10 Aggregate of deductible amount under Chapter VI-A    
11 Total Income (8-10)    
12 Tax on total Income    
13 Education cess @4% (on tax computed at S.No. 12)    
14 Taxable Payable (12+13)    
15 Less: Relief under section 89 (attach details)    
16 Taxable payable (14-15)    

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