India Tax Calculator FY2016-17

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Income Tax Calculator for India Current FY 2016-2017/AY 2017-2018:

Calculate the Income Tax for the Financial Year 2016-2017 (Assessment Year: 2017-2018) using this application. Advance Tax Calc, Quick Tax Calc and HRA Exemption Calc were provided in the application.

Here are the rules considered in the app:
Income Tax Rates for Financial Year 2016-2017:

Case A: For Men (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case B: For Women (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case C: For resident individual of 60 years or above (Senior Citizens)
Upto Rs. 3,00,000 Nil
Rs. 3,00,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case D: For resident individual of 80 years or above (Very Senior Citizens)
Upto Rs. 5,00,000 Nil
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

HRA Tax Exemption Calculation:
Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid – 10% of Basic)
Maximum allowed limits for tax exemption:

Section 80C limited to 1.5 Lacs.
Section 80D limited to 35K.
Section 80E limited to 40k.
Section 24 limited to 2 Lacs.

Limitations of the App:
1. As all the values are considered as integers, the maximum value can be entered is (2^31 - 1).
2. While doing calculations, each value is rounded to the nearest integer.

Suggestions:
If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.com
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What's New

v1.4: Updated to FY2016-2017
v1.3: Updated to FY2015-2016
v1.2: Application size reduced
v1.1.2: Fixed a bug related to Rebate under Section 87A
v1.1.1: Fixed a minor bug in manifest
v1.1: Application is now "India Tax Calculator - Current FY"
v1.0.2: Bug related to the tax calculation for different age categories fixed.
v1.0.1: Minor optimization and few issues fixed
v1.0: Application Release
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Additional Information

Updated
March 12, 2017
Size
1.7M
Installs
50,000+
Current Version
1.4
Requires Android
4.1 and up
Content Rating
Everyone
Interactive Elements
Users Interact
Permissions
Offered By
ARB Apps
Developer
Dayal Nagar, Pedagantyada, Visakhapatnam, Andhra Pradesh - 530044
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