Online Income Tax Returns Calculator
Calculate Income Tax on your earnings
- 1 Basic Details
- 2 Salary Details
- 3 Other Income Details
- 4 Capital gains
- 5 Deductions
- Result
- 1 Basic Details
- 2 Income Detail
- 3 Capital gains
- 4 Deductions
- Result
Calculate income tax on your earnings in a few simple steps
Enter Basic Details
- 18-59
- 60-79
- 80 & above
Enter total rent paid in the financial year you are calculating income tax for. This is equal to the sum of monthly rent paid during the entire financial year.
*Required
Salary Details
Salary Get
Enter values as mentioned in your monthly salary slips. Annual values can be either found on offer letter or salary incremenet letter.
Enter values as mentioned in your monthly salary slips. Annual values can be either found on offer letter or salary incremenet letter.
Enter values as mentioned in your monthly salary slips. Annual values can be either found on offer letter or salary incremenet letter.
Enter values as mentioned in your monthly salary slips. Annual values can be either found on offer letter or salary incremenet letter.
Enter values as mentioned in your monthly salary slips. Annual values can be either found on offer letter or salary incremenet letter.
Update your annual gross salary, as mentioned in your salary slip.
*Required
Details of Other Income
Annual Income from interest from bank deposits & savings.
Amount of Interest income from Fixed / Recurring Deposit.
Income, if any, from a rented property.
Income from any other source not covered above.
Details of Captial gains
Capital gains arising from short term investments in Equity. Holding period for short term captial gains in equity is less than 1 year.
Capital gains arising from long term investments in Equity. Holding period for long term captial gains in equity is more than or equal to 1 year.
Capital gains arising from short term investments in Debt instruments. Holding period for Short Term Captial gains in Debt Instruments is less than 3 year.
Capital gains arising from long term investments in Debt Instruments. Holding period for long term captial gains in Debt Instruments is more than or equal to 3 years.
Capital gains arising from short term investments in Real Estate or Land. Holding period for Short Term Captial gains from real estate or land is less than 1 year.
Capital gains arising from long term investments in Real Estate or Land. Holding period for long term captial gains from real estate or land is more than or equal to 2 years.
- Unlisted shares
- Real estate or Land
*Non equity short term gains to be entered post indexation.
Details of eligible Tax Deductions
Deductions eligible for tax savings under section 80C include PPF, VPF, Fixed Deposits, ELSS Mutual Funds, National Pension Scheme (NPS)Term Insurance Premium etc.
Total annual premium paid towards medical or health insurance policy for Self or Family.
Contributions made to National Pension Scheme (NPS) under section 80CCD(1B). This investment is over and above the specified investment limit of 1.5 lacs unders section 80C.
Total expenses incurred in running the business like office rent, client meeting expenses, contracting expenses, etc.
Health Insurance premium for parents
Amount paid as donations to charitable organisations, eligible for tax deduction under section 80G.
Total Interest paid during the entire financial year towards a loan for higher education.
Total interest paid towards an ongoing home loan for a self occupied property, during the financial year.
Total interest paid towards an ongoing home loan for a rented out property, during the financial year.
- Health Insurance premium for parents
- Donation to charity
- Interest on Education Loan
- Home loan interest for self occupied property
- Home loan interest for rented property
Total Tax Payable
₹
Gross income
₹
Capital Gains
₹
Tax Deductions
₹
Tax Exemptions
₹
Recalculate
What is Income Tax Returns Calculator?
Income tax is a kind of tax that is collected by the central government and levied on the people who are having a job or business. In simple way government put a certain amount of charge depending on the income level of individuals.
So, one have to submit documents regarding his income and all the taxes he pays within a financial year, this procedure is known as income tax return and if you already paid surplus taxes then the government will refund you after receiving your tax file. So it’s important to submit income tax return.
Now the real problem is how we calculate how much tax we have to pay, to lower the burden, income tax return calculator plays a significant role. Here you can easily calculate the amount that need to be pay.
