Introduction

Often people are confused about how much tax they are paying and how much their effective monthly or yearly income is. This utility tool is aimed for those who want to calculate tax payable & effective income and plan for appropriate investments. Also, knowing actual income and tax liability helps an individual in various ways. Know more on Indian Tax law and rules at: http://www.incometaxindia.gov.in

Indian Tax Calculator for Individuals

Assessment Year:
Assessment year is always the next financial year. For example, if the current year is 2011, then current financial year is 2011-2012 and assessment year is 2012-2013.

Simple Tax Calculator

Category:
Annual Income:
Tax Exemption:
Enter annual total income & tax exemption and instanly see your tax payable & effective income.

Tax Reference Table, AY

# Annual Income Tax
Individual Male (Below 60 years)
1 Income up to 1,80,000 No Tax
2 From 1,80,001 to 5,00,000 10%
3 From 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%
Individual Female (Below 60 years)
5 Income up to 1,90,000 No Tax
6 From 1,90,001 to 5,00,000 10%
7 From 5,00,001 to 8,00,000 20%
8 Above 8,00,000 30%
Senior Citizen (From 60 years to 80 years)
9 Income up to 2,50,000 No Tax
10 From 2,50,001 to 5,00,000 10%
11 From 5,00,001 to 8,00,000 20%
12 Above 8,00,000 30%
Very Senior Citizen (Above 80 years)
13 Income up to 5,00,000 No Tax
14 From 5,00,001 to 8,00,000 20%
15 Above 8,00,000 30%
Education cess is 3% on applicable tax.

Advanced Tax Calculator

Coming Soon