Income Tax Calculator
It helps you calculate net income tax liabilty for an individual (salaried/business) Indian resident.
Calculate your net income tax liability for FY 2015-16 ( AY 2016-17 )
Income Tax Calculator is a simple web based tool for calculating your net income tax liability for the current Assessment Year (AY 2016-17). That means you would be paying taxes for the income earned during the last Financial Year FY 2015-16 (1 April 2015 to 31 March 2016). You will get a rough estimate on your total tax amount, whether you're an individual - salaried, self employed or business. It also supports tax calculation for previous financial year (FY 2014-15).
Income Tax Slab AY 2016-17
|Income Slabs||Tax Rates|
|Less than Rs. 2,50,000||NIL|
|2,50,000 to 5,00,000||10% of the amount that exceeds 2,50,000|
|5,00,000 to 10,00,000||25,000 + 20% of the amount that exceeds 5,00,000|
|More than 10,00,000||1,25,000 + 30% of the amount that exceeds 10,00,000|
Above slab is applicable for individual resident below 60 years of age. Check income tax slabs page for full details.
Note : This is the initial version of the tool, we'll add new features in next updates. You could also suggest new features or report any problem to us.