MudraCircle Provides Business Loan in India

Income Tax Calculator

Particulars	Details	Type	Amount in Rs.
Gross Income (CTC)	Salary, Bonus, Allowances, Other income etc	Input
HRA Exemptions u/s 10 A	HRA Calculation below	Input
Other Exemptions u/s 10 A	Medical, Convenyance etc	Input
Professional Tax	Professional Tax	Input
Net Income under Salaries	Gross Income - Exemptions	Output
Deductions u/s 80 C	Investments in PF, PPF, Ins, ELSS, NPS etc	Intput
Deductions u/s 80 CCG	Investments in RGESS (50% of First time Invest)	Intput
Deductions u/s 80 CCD	Investments in NPS (50 K Maximum)	Intput
Deductions u/s 80 D	Medical Insurance Premium (Self, Parents)	Intput
Deductions u/s 80 G	Eligible Donations upto specified percentage	Intput
Deductions u/s 80 E	Interest Paid on Education Loan	Intput
Deductions u/s 80 TTA	Interest Received on Savings Bank A/C	Intput
Tax Benefit u/s 24	Interest Paid On Home Loan (Max 2 L)	Intput
Total Deductions/Benefits
Taxable Income	Tax payable on this income	Output

Income Tax Ratio

Monthly Income	Gross Income/12	Output
Monthly Tax (Appx TDS)	Tax Liability/12	Output
Income Tax Ratio	Gross Income/Tax Liability	Output

City living in	Input
Basic Salary + DA	Input
HRA Received	Input
Actual Rent Paid	Input
Least of the following will be HRA Exemption

1	HRA Receieved	Output
2	% of Salary+DA (50%-Metro & 40%-Non-metro)	Output
3	Rent paid in excess of 10 % of salary	Output

Tax Slab	Slab Income	Tax Rate (%)	Tax Amount
Income Tax Payee Type	Male, Female, Sr. Citizen>60, Very Sr. Citizen>80	Input




Tax on Total Income		Output
Surcharge	10% on Tax if Income > Rs 50 lakhs
Surcharge	15% on Tax if Income > Rs 1 Crore
Tax with Surcharge		Output
Education Cess
Tax with cess		Output
Tax Credit	Upto Rs. 2500 if Taxable Income < Rs. 3.50 lakhs	Output
Tax Liability		Output