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Income Tax Calculator FY 2015-2016 (AY 2016-17)- AND Comparison of your Tax Liability with the FY 2014-15

  1. Income Tax Rates FY 2015-16 (AY 2016-17)
  2. Calculate Your HRA Chargeable for Income Tax

Sex Age
Gross Income from Salary
(The value of Perquisite provided by Employer be added here to calculate your Gross Income from Salary for computing Your Tax Liability - Click to use Perquisite Value Calculator )
Income from Other Sources
HRA Exempt (Click Here to Calculate Eligible HRA - Exemption of Income Tax )
"Deduction u/s 80C, 80CCC & 80CCD (max. Rs. 1.50 Lac for FY 2015-16 )"
Loss on House Property (Housing Loan Interest - Max. Rs. 2.00 Lac for FY 2014-15)
Income from House Property
Serving of Intt.on Education Loan
Deduction u/s 80D on Health Insurance Premium
(other than for parents)( Max FY 14-15 Rs. 15,000 & FY15-16 Rs. 25,000)
Additional Deduction u/s 80CCD from FY 15-16)
Proposed under Budget 2015 (Max FY 15-16 Rs. 50,000 for contribution to the New Pension Scheme)
Gross Taxable Income
Financial Year2014-15 2015-16
Total of Rebate Under Chapter VIA & Exemptions

(Including Housing Loan Intt. rebate + Serving of Intt.on Education Loan + Health Insurance Premium )
Taxable Income
Financial Year2014-15 2015-16
Income Tax
Total Tax Liability
Tax Impact if in (-) means less tax payable FY 15-16