Calculate your net income tax liability for FY 2015-16 ( AY 2016-17 )

Tax Saving Tips : You can save upto to Rs. 45000 by investing Rs. 1.5 Lakh a year, in PPF or ELSS Funds (80C)

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.