Income Tax Calculator FY 2014-15

Particulars Details
Gross Income (CTC) Salary, Bonus, Allowances, Other income etc
HRA !em"tions u#s $% A HRA Calculation below
Other !em"tions u#s $% A Medical Con!en"ance etc
Pro&essional Ta! #ro$e%%ional Tax
'et Income un(er Salaries Gross Income ) !em"tions
De(uctions u#s *% C In!e%tment% in #F ##F &i$e In%' (&)) *#) etc
De(uctions u#s *% CCG In!e%tment% in R+()) ,50- o$ In!e%tment%.
De(uctions u#s *% D Medical In%urance #remium ,)el$ #arent%.
De(uctions u#s *% G (li/ible 0onation% u1to %1eci2ed 1ercenta/e
De(uctions u#s *% Intere%t #aid on (ducation &oan
De(uction u#s *% TTA Intere%t Recei!ed on )a!in/% 3an4 A5C
Ta! Bene+t u#s ,- Intere%t #aid 6n Home &oan ,Max 2 &.
Total De(uctions#Bene+ts
Ta!a.le Income Ta! "aya.le on this income
Ta! Sla. Sla. Income
Income Ta! Payee Ty"e Male Female )r' Citi7en890 :er" )r' Citi7en8;0
,/%,%%% 250000
500000 250000
1000000 500000
1000000< 104=;>00
Ta! on Total Income
)urc?ar/e 10- on Tax i$ Income 8 R% 1 Crore
Ta! with Surchar0e
(ducation Ce%%
Ta! with Cess
Tax Credit @1to R%' 2000 i$ Taxable Income A R%' 5 la4?%
Ta! 1ia.ility
Income Ta! Ratio
2onthly Income +ro%% Income512
2onthly Ta! (A""! TDS) Tax &iabilit"512
Income Ta! Ratio Gross Income#Ta! 1ia.ility
HRA (xem1tion Calculator
City li3in0 in
Basic Salary 4 DA
HRA Recei3e(
Actual Rent Pai(
1east o& the &ollowin0 will .e HRA !em"tion
1 HRA Receie!ed
2 - o$ )alar"<0A ,50--Metro B 40--*on-metro.
= Rent 1aid in exce%% o$ 10 - o$ %alar"
Income Tax Calculator FY 2014-15
Ty"e Amount in Rs5
In"ut $,,%%%,%%%
In1ut >>000
In1ut 24900
In1ut 2500
Out"ut $$,*67,8%%
In1ut 150000
In1ut 25000
In1ut 15000
In1ut 20000
In1ut 15000
In1ut 10000
In1ut 200000
-7/,%%%
Out"ut $$,-7*,8%%
Ta! Rate Ta! Amount
In1ut 2ale
0- -
10- 25000
20- 100000
=0- =1=19C0
Out"ut 7,,/9,96%
10- =2599C
Out"ut 7,/*,,776
=- 10C4C0
Out"ut 7,9*8,*%6
6ut1ut -
Out"ut 7,9*8,*%6
Income Ta! Ratio
6ut1ut 1000000
6ut1ut =0C4;4
Out"ut 7%56/:
HRA (xem1tion Calculator
In1ut 2etro
In1ut 450000
In1ut 144000
In1ut 144000
88,%%%
6ut1ut 144000
6ut1ut 225000
6ut1ut >>000