Tax Regime * Assessment Year *
Old Tax Regime New Tax Regime 2024-25
Taxpayer Category* Residential Status *
Individual RES (Resident)
Your Age *
Below 60 years Between 60 - 79 years 80 and above
(Regular Citizen) (Senior Citizen) (Super Senior Citizen)
Due Date for Submission of Return * Actual Date of Submission of Return *
31-Jul-2024 01-Apr-2024
Details for Income and tax calculation
Income under the head Salaries V738738
Provide Income in detail
Calculation:
(i) Net Salary Income
V 788738
(ii) Less: Standard deduction u/s 16(ia)
V50000
(iii) Less: Entertainment allowance u/s 16(ii)
V 0
(iv) Less : Professinal Tax 16(iii)
V 0
Income under the head House Property V0
Provide Income in detail
a. Income from Self-occupied Property
Interest on Borrowed Capital
V
b. Income from Let-out Property
1. Annual Letable Value/ Rent Received or Receivable
V
2. Less: Municipal Taxes Paid During the Year
V
3. Less:Unrealized Rent
V
Net Annual Value u/s 23 [1-(2+3)] V0
Less: Standard Deduction (30% of NAV) u/s 24(a) V0
Less: Interest Payable on Borrowed Capital u/s 24(b)
V
Income under the head Capital Gains V0
Provide Income in detail
Short Term Capital Gains (Other than covered under section 111A) Total V0
From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar
V V V V V
V0
Short Term Capital Gains (Covered under section 111A) Total
From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar
V V V V V
V0
Long Term Capital Gains (Charged to tax @ 20%) Total
From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar
V V V V V
V0
Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) Total
From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar
V V V V V
V0
Long Term Capital Gains u/s 112A(Charged to tax @ 10%) Total
From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar
V V V V V
Income under the head Business or Profession V0
Provide Income in detail
Presumptive Income u/s 44AD,44ADA V
Other income from Business or Profession.
V
Income under the head Other Sources V0
Provide Income in detail
(i) Interest from Savings bank account V
(ii) Other Interest Income V
(iii) Winning from Lottery, crossword puzzles etc. V
(iv) Any other income V
Gross Total Income V 738738
Deductions
Provide Deductions in detail V0
Deductions u/s 80C
V
(LIC, PF, PPF, NSC, Repayment of Housing Loan, etc.)
Deduction u/s 80CCC
(Payment in respect Pension Fund) V
Deductions u/s 80CCD(1)
(Employees / Self-employed contribution towards NPS) V
Deductions u/s 80CCD (1B)
(Additional Employees contribution towards NPS) V
Deductions u/s 80CCD (2)
(Employers contribution towards NPS) V
Total
V0
Deductions u/s 80D
(MediClaim Premium) V
Deductions u/s 80G
(Donations) V
Deductions u/s 80E
(Interest on Loan for Higher Education) V
Deductions u/s 80EE
(Interest on Loan taken for Residential House) V
Deductions u/s 80TTA
(Interest on Savings Bank Account) 0
V
Deductions u/s 80TTB
(Interest on Deposits) V 0
Any other deduction
V 0
Taxable Income V 738738
1. Tax at Normal Rates V28873
2. Tax at Special Rates (Capital Gains, Lottery, etc.) V0
View details
Short Term Capital Gains (Covered u/s 111A) V0
Long Term Capital Gains (Charged to Tax @20%) V0
Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) V0
Long Term Capital Gains u/s 112A(Charged to tax @ 10%) V0
Winnings (from Lottery, Crossword Puzzles, etc.) V0
Total Tax before Rebate V28873
Less: Tax Rebate u/s 87A V0
Net Tax after Rebate V28873
Add: Surcharge V0
Add: Health & Education Cess V1154
Total Tax on Income V 30027
TDS + TCS + MAT / AMT credit utilized
V
Self-Assessment Tax / Advance Tax
Provide detail V0
Date of Payment Self-Assessment Tax/Advance Tax Paid
07-Feb-2024 0
V
07-Feb-2024 0
V
Balance Tax Payable / Refundable V 30030
Add: Interest u/s 234A V0
Add: Interest u/s 234B V0
Add: Interest u/s 234C V0
Add: Fees for late filing of return u/s 234F V0
Total Tax and Interest payable V 30030
Note:
1. New tax regime option is provided only for individuals & HUF.
2. Tax calculator for "Manufacturing Co-operative societies" will be provided shorlty.
Disclaimer
The above calculator is only to enable public to have a quick and an easy access to basic tax calculation
and does not purport to give correct income and tax calculation in all circumstances. It is advised that for
filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts,
Rules etc.
