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Tax Calculator for - Bank Employees / Officers with their Salary Structures - FY 2018-19 (AY 19-20)

Tax Calculator for Salaried and Pensioners FY 2018-19 (AY 19-20 - For all other sectors Employees & Pensioners - Click Here

Also calculate your HRA Exemption & Chargeable for Income and Tax and Perquisite Value of Leased Accommodation / Rent Free Accommodation Facility

Bank Employees and officers can calculate salary of 12 months Apr'18 to Mar'19. This calculator is featured with DA calculation as per the prevailing DA slabs for the respective months and Last DA revised for rest of the months which you can also change. Accordingly, you can calculated your Gross salay and Income Tax for FY 18-19 as per your available details.


Step to use Salary & Tax Calculator

  1. Enter Your Basic Pay (1)as on April 2018 for Complete year calculation for FY 18-19 ( from Apr'18 to Mar'19)
  2. Enter Allowance where DA is payable (2)- Enter total of your allowances on which DA is payable viz PQP, Graduation Pay, Special Pay of workmen staff (like special assistant, Head cashier, Daftari etc.) Please do not enter here Special Pay ( new intruduced in 10 Biprttite settlemt shall be auto calculated as per your selection / changed first option).
  3. Enter All other Allowances (3) total where DA is NOT payable -Enter the allowance where DA is not payable viz. FPP, Transport Allowance.
  4. Select HRA rate (4) of % Payable - To make it user friendly, the options are named with % of HRA rate payable for officer, workmen or both.
  5. Enter Monthly contribution (5) to PF / NPS + (Tax saving Investment u/s 80C ( PPF / ELSS / Ins. Premium etc. - the Insurance Premium / PPF or other investmnet made yearly, half yearly or quarterly - enter the amount by dividing 12,6,3 respectively)
  6. Enter your annual increment amount (6)
  7. Select month of Increment released (7) to you from May'17 to Mar'18. Please note that Increment for the month of April be added while entering the basic pay payable from April 17.
  8. Enter any change in your contribution (8)to PF / NPS due to release of increment or any self contribution to tax saving investments.
  9. Select the month at (9) of above change which you have entered at (8) due to Increment released / self contribution in tax saving investments et. from May'17 to Mar'18. Please note that Increment for the month of April be added while entering the basic pay payable from April 17.
  10. Enter at (10) CCA % Payable in your City (payable only to Officers staff). Therefor defualt selected "CCA not Payable".
  11. Select option for your Special (11). Default selected for workmen and Officer upto Scale III. No need to change them, The Officer above scale IV and above, please change it.
  12. Click Submit button to show your monthwise salary calculations with gross total of salary payable in FY 2018-19.
  13. To calculate your Income Tax Liability in FY 2018-19. Press button "Calculate Tax". Instantly, Income Tax, Ecess and Total Tax Liability (Income Tax + Ecess) payable by you in FY 2018-19 will be displayed on the basis of your of salary of your inputs and total salary calculated therein. (Any person retired or retiring in FY 18-19 on reaching their superanuution, please select age above 60 and less 80 years for tax calculations).
  14. To calculate HRA exemptions and chargeable for income tax click the link provided hereunder to open the calculator for your calculation. Enter the desired details from the calculated figures + as regards to your rent paid etc. Please be advised that for claiming HRA exemption submission of Rent Reciept is mandatory. Click Here to generate / print Rent Reciept and know more what about it.
  15. Bank officers availing leased accomodation facility are also liabile to pay tax on Perquisite Value of Leased Accommodation. To calculate Perquisite Value of Leased Accommodation click the link provided hereunder to open the calculator for your calculation> Enter the Enter the desired details in the respective input area.

Salary / Tax calculator for FY 17-18

DA Calculations are based on Last DA revised slabs for rest of the months also. You may change it as per your expected Slabs hereunder for the rest of the months to calculate tentative amount of your FY 18-19 Gross Salary and Income Tax.
Apr'18 May-Jul'18Aug-Oct'18Nov-Jan'19Feb-Mar'19
Bankers Salary & Tax Calculation
1Enter Your Basic Pay
As on April 2018
2Enter Total of Allowance where DA is payable
viz. PQP, Spl. Asstt., HC, Daftari,etc.
3Enter Total of all other Allowances where DA is NOT payable
Viz. FPP, Transport Allowance etc.
4Select % of HRA Payable as per your City / Cadre
5Monthly contribution to PF / NPS + (Tax saving Investment u/s 80C ( PPF / ELSS / Ins. Premium etc.)
(Insurance Premium / PPF or other investmnet made yearly, half yearly or quarterly - enter the amount by dividing 12,6,3 respectively)
6Annual Increment
(Amount of Increment)
7Select Month of Increment (entered at 6)
8Increase in Monthly contribution in PF / NPS for Annual Increment or Increase in contribution to tax saving investments - as entered at 5
9Select Month for the amount entered at 8 (for increase in contribution during the year (PF / NPS + (Tax saving Investment u/s 80C)
10Enter CCA % Payable at your City
Workmen Staff - CCA Not Payable,
Officer - Change option as per your City
11Officers Scale IV and above Change options - For Special Allowance Calculations
Default Selected for workmen / Officers upto scale III
(No need to change option for workmen and Officer upto Scale III)

Please scroll down to see your calculations viz. - Month wise salary calculations, Total of your salary for FY 2018-19 and your Income Tax liability on Salary Income for year 2018-19. To calculate HRA Exmeption / Perquisite Value of Leased Accommodation


Total of salary - FY 2018-19
Standard Deduction
Total of contribution / Investments Entered at 5 & 8 (PF or NPS + Ins.Pr + ELSS etc. + PPF etc.)( Max. Rebate u/s 80C Rs. 150000)
Net Taxable salary - FY 2018-19
Select your Age For I/Tax Calculation FY 18-19
Retired / Retiring in FY 18-19 on Reaching 60 years - Select age 60-80
TaxEcessTax Payable
Click Here to calculate your Income Tax Liability with other rebate, (H/Loan Intt. Health Ins. Pr. etc.), and other income for FY 2018-19

Click Here - To Calculate Perquisite Value of Leased Accommodation

Click Here - To Calculate HRA Exemption & Chargeable for Income and Tax. Please be advised that for claiming HRA exemption submission of Rent Reciept is mandatory. Click Here to generate / print Rent Reciept and know more what about it.

Calculate HRA Exemption & Chargeable for Income and Tax

Enter Your Data & to Calculate HRA Chargeable for Income Tax
Total of Annual Basic Pay Total of Annual Dearness Allowance
House Rent Received (HRA) House Rent Paid by Employee
Select City Live At (Metro / Other City)
Excess Rent Paid over 10% of Salary
Eligible HRA - Exemption of Income Tax
Chargeable HRA for Income Tax

Please be advised that for claiming HRA exemption submission of Rent Reciept is mandatory. Click Here to generate / print Rent Reciept and know more what about it.



Calculate Perquisite Value of Leased Accommodation

ItemAmount
Total of Annual Basic Pay
Total of Annual City Compensatory Allowance
Total of Professional Qualification Pay (PQP)
Total of Fixed Personal Pay (FPP)
Any Amount Received in Lieu of Salary
Total Annual Leased Rent Paid by Employer
Total Annual Recovery from Salary for Lease / Rent Free Facility
Annual Additional Rent Paid by Employee
Value of Lease / Rent Free Facility
Net Perquisite Value of Lease / Rent Free Facility (Least Over Rent paid)
Taxable Perquisite Value of Lease / Rent Free Facility (After Less of Additional Rent Paid)

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