Calculate and Optimize you tax outgo by restructuring income, investments and expenses.
Feature
- Calculate Income Tax payable for Financial Year 2015-16, FY 2016-17, FY 2017-18
- Share or Email details with client/family members
- Calculation as per Category like Male, Female, Senior Citizen, Super Senior Citizen
- Help on different deductions - explanation text and maximum allowed limit
- Section 80C, 80D Health Insurance
- Deduction u/s 80CCD National Pension System (NPS)
- Deduction u/s 80DD Medical disability of dependents
- Deduction u/s 80DDB Medical Expenditure for specified diseases
- Deduction u/s 80U Self disability
- Deduction u/s 80E Interest on education loan
Example Income Tax Calculation,
Gross Total Income: ₹ 7,20,000
Deduction u/s 80C: ₹ 1,50,000
Deduction u/s 80D: ₹ 35,000
Total Deductions:₹ 1,85,000
Taxable Total Income:₹ 5,35,000
Tax Payable on Total Income:₹ 32,000
Rebate u/s 87A: ₹ 0
Surcharge: ₹ 0
Educational Cess:₹ 960
Total Tax, Surcharge and Educational Cess (Payable):₹ 32,960
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