Get Code for Linking to This Page
NEW
Income Tax Rates AY 2011-12
Income Tax Calculator AY 2011-12
Perquisite Value Calculator AY 2010-11

Income Tax Calculator, Taxable Income Calculator
& Adv. Tax Calculator for AY 2010-11 (F Y 2009-10)

For Individual Male, Female & Senior Citizen Tax payers,
HUFs (Hindu Undivided Families) and AOPs (Associations of Persons)

This calculator has been developed to be most comprehensive and useful. It has been tested in various scenarios. However, if you find any bug in the calculator or you have any suggestion, please write to multiutils@gmail.com to enable us to rectify the bug and make the calculator more useful.

Select Your Category / Status

Enter data in only shaded boxes.
Click on any "Calculate" button to carry out all calculations.
ACalculation of Income from Salary
1Total Salary and / or Pension as per Form 16
2Less : Allowances Exempt under Section 10
3Add : Allowances not exempt
4Add : Value of Perquisites and / or Fringe Benefits
5Add : Profits in lieu of Salary
Total Income from Salary chargeable to Income Tax (1-2+3+4+5)
BCalculation of Income from House Property
1Annual Lettable Value or Rent Received or Receivable
2 (i)Taxable Amount of Rent
2 (ii)Taxes paid to Local Authorities ('0', If self occupied)
3Taxable amount of Rent Received / Realized [70% of (1 - 2 - 3)]
4Interest payable on borrowed capital
Income from House Property chargeable to Income Tax (3 - 4)
CCalculation of Income from Capital Gains (Short Term + Long Term)
1Income chargeable at Normal Rates
2Income Chargeable at Special Rates
Total Income from Capital Gains (1 + 2)
DCalculation of Income from Other Sources viz. Interest, Dividend etc.
1Income chargeable at Normal Rates
2Income Chargeable at Special Rates
Total Income from Other Sources
Details of Income Tax at Special Rate included in C and D above:
 AmountRateIncome Tax
1.
2.
3.
Total
EAgricultural Income for Rate Purpose only
FAggregate Income
GCalculation of Deductions from Taxable Income
1Deductions under Sec. 80C, 80CCC & 80CCD.
(Max. Rs. 1 lakh) For details Click Here
2Deductions under Sec. 80D for Health Insurance. (Max. Rs. 20,000/- for Senior Citizens & Rs. 15,000/- for others). For details Click Here
3Deductions under Sec. 80D for Health Insurance of parents. (Max. Rs. 20,000/- if parents are Senior Citizen, otherwise Rs. 15,000/-).
4Deductions under Sec. 80DD. Max. Rs. 1 lac. For details Click Here
5Deductions under Sec. 80DDB. Max. Rs. 40,000/-. For details Click Here
6Deductions under Sec. 80E. For details Click Here
7Deductions under Sec. 80G. For details Click Here
8Deductions under Sec. 80GG. For details Click Here
9Deductions under Sec. 80U. For details Click Here
10Deductions under Sec. 80RRB. For details Click Here
11Any other eligible deduction
12Total Deductions from Taxable Income
Total Taxable Income
HTDS / Advance Tax Deposited, if any
DescriptionIncomeIncome Tax
Exempt Income
Income chargeable at 10%
Income chargeable at 20%
Income chargeable at 30%
Income chargeable at Special Rates
Total
Less : Income Tax on Agricultural Income included above
Income Tax Payable
Education Cess @ 3% of Income Tax Payable
Total Tax liability
Less: TDS / Advance Tax deposited
Net Income Tax due
Income Net of Income Tax Liability
Advance Tax + TDS payable by 15th September 2009
Advance Tax + TDS payable by 15th December 2009
Advance Tax + TDS payable by 15th March 2010
Go to Home PageGo to Top