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Income Tax Calculator FY 2015-16 (AY 2016-17)

  1. Calculate Tax Relief on Arrears U/S 89 with Tax caclaulation FY 12-13 to FY 15-16
  2. Income Tax Rates for Individuals and HUFs for the AY 2016-17 (FY 2015-16)
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  4. Calculate Your HRA Chargeable for Income Tax

Income Tax Calculator FY 2015-16(AY 2016-17)

Age    Sex
1 Income from Salary
2Other Allowances of Salary
3 Employer's contribution to NPS (Enter Only the employees who are covered under NPS)
Others either enter - Zero or left it Blank
4Add - Perquisite Value of motor car/Vehicle & Driver provided/Reimbursement for Driver services
5Perq. Value of Interest free or Concessional Loans
6Gross Taxable Income
7 Less - Exemptions
8HRA Exemption
9Loss on House Property (Housing Loan Intt) (max rebate allowed Rs. 2.00 lac)
10Education Subsidy (Please enter @Max. Rs. 100/- per Child per Month, for two child)
11Conveyance /Transport Allowance
12Other eligible deductions, if any
13Total Income (Gross Income less Exemption)
14Rebate Under Chapter VIA
15"Total Investment for Deduction u/s 80C, 80CCC & 80CCD
(max. deductions allowed Rs. 1.50 lac - See at columnn mo. 22)"
Employee covered under NPS also see columnn no. 18
16 Employees covered under NPS Enter Here - Contribution towards NPS [Deductions available U/S 80CCD(1)]
(Only for employees covered under NPS)
Others either enter - Zero or left it Blank
17Total of 15 + 16 ( whereas rebate available to you Under Chapter VIA is shown at columnn no. 18 / 22)
18Total of amount Entered at 80c + ( only for employee covered under NPS is Employee's Contr. to NPS
19"Investment in Rajiv Gandhi Equity Saving Scheme (RGESS under section 80CCG) (Max. Rs. 50000/- Rebate is 50% Max. Rs. 25000/-)"
U/S 80CCG Gross total annual income less than Rs.10 lacs Eligible Investors for RGESS
20 Medical Insurance Premium ( 80D)
20 (1) For self / family
20 (2) For parents
21Serving of Intt.on Education Loan
22Total Rebate Under Chapter VIA
23Employer's contribution to NPS Deduction u/s 80CCD(2)
For Employees covered under NPS as entered at column 3
24Taxable Income
25Income Tax
26Education Cess
27Total Tax Liability










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