Pre-Budget: Tax Calculator


Tax Calculation




All figures in Rs per annum






Particulars
Resident
 
Resident
 
Senior citizen
 
Male
 
Female
 
 
 
 
 
 
 
 
Income from Salary
 
 
 
 
 
Income from Other sources
 
 
 
 
 
 
 
 
 
 
 
Gross Total Income after all the eligible deductions but before deduction under Section 80C
-
 
-
 
-
 
 
 
 
 
 
Deduction under Section 80C (upto a maximum of Rs.100,000)
(100,000)
 
(100,000)
 
(100,000)
 
 
 
 
 
 
Net taxable income
(100,000)
 
(100,000)
 
(100,000)
 
 
 
 
 
 
Income Tax
0
 
0
 
0
Surcharge @ 10%
0
 
0
 
0
Education Cess @ 3%
0
 
0
 
0
 
 
 
 
 
 
Total tax, surcharge and education cess
0
 
0
 
0












Computation of Marginal relief











Resident Male











1,000,000
-100,000




205000
0




0
0




205,000
0




205,000
0










Resident Female











1,000,000
-100,000




202000
0




0
0




202,000
0




202,000
0










Senior Citizen











1,000,000
-100,000




197500
0




0
0




197,500
0




197,500
0










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