Tax Regime * Assessment Year *

Old Tax Regime New Tax Regime 2024-25

Taxpayer Category* Residential Status *

Individual RES (Resident)

Your Age *

Below 60 years Between 60 - 79 years 80 and above

(Regular Citizen) (Senior Citizen) (Super Senior Citizen)

Due Date for Submission of Return * Actual Date of Submission of Return *

31-Jul-2024 01-Apr-2024

Details for Income and tax calculation

Income under the head Salaries V738738

Provide Income in detail

Calculation:
(i) Net Salary Income
V 788738

(ii) Less: Standard deduction u/s 16(ia)

V50000

(iii) Less: Entertainment allowance u/s 16(ii)

V 0

(iv) Less : Professinal Tax 16(iii)

V 0

Income under the head House Property V0

Provide Income in detail

a. Income from Self-occupied Property

Interest on Borrowed Capital
V

b. Income from Let-out Property

1. Annual Letable Value/ Rent Received or Receivable
V

2. Less: Municipal Taxes Paid During the Year

V

3. Less:Unrealized Rent
V

Net Annual Value u/s 23 [1-(2+3)] V0

Less: Standard Deduction (30% of NAV) u/s 24(a) V0

Less: Interest Payable on Borrowed Capital u/s 24(b)

V

Income under the head Capital Gains V0

Provide Income in detail

Short Term Capital Gains (Other than covered under section 111A) Total V0

From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar

V V V V V

V0
Short Term Capital Gains (Covered under section 111A) Total

From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar

V V V V V

V0
Long Term Capital Gains (Charged to tax @ 20%) Total

From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar

V V V V V

V0
Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) Total

From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar

V V V V V

V0
Long Term Capital Gains u/s 112A(Charged to tax @ 10%) Total

From 01-Apr to 15-Jun From 16-Jun to 15-Sep From 16-Sep to 15-Dec From 16-Dec to 15-Mar From 16-Mar to 31-Mar

V V V V V

Income under the head Business or Profession V0

Provide Income in detail

Presumptive Income u/s 44AD,44ADA V

Other income from Business or Profession.

V

Income under the head Other Sources V0

Provide Income in detail

(i) Interest from Savings bank account V

(ii) Other Interest Income V

(iii) Winning from Lottery, crossword puzzles etc. V

(iv) Any other income V

Gross Total Income V 738738

Deductions
Provide Deductions in detail V0

Deductions u/s 80C

V
(LIC, PF, PPF, NSC, Repayment of Housing Loan, etc.)

Deduction u/s 80CCC

(Payment in respect Pension Fund) V

Deductions u/s 80CCD(1)

(Employees / Self-employed contribution towards NPS) V

Deductions u/s 80CCD (1B)

(Additional Employees contribution towards NPS) V

Deductions u/s 80CCD (2)

(Employers contribution towards NPS) V

Total
V0
Deductions u/s 80D
(MediClaim Premium) V

Deductions u/s 80G

(Donations) V

Deductions u/s 80E

(Interest on Loan for Higher Education) V

Deductions u/s 80EE

(Interest on Loan taken for Residential House) V

Deductions u/s 80TTA

(Interest on Savings Bank Account) 0
V

Deductions u/s 80TTB

(Interest on Deposits) V 0

Any other deduction

V 0

Taxable Income V 738738

1. Tax at Normal Rates V28873

2. Tax at Special Rates (Capital Gains, Lottery, etc.) V0
View details

Short Term Capital Gains (Covered u/s 111A) V0

Long Term Capital Gains (Charged to Tax @20%) V0

Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) V0

Long Term Capital Gains u/s 112A(Charged to tax @ 10%) V0

Winnings (from Lottery, Crossword Puzzles, etc.) V0

Total Tax before Rebate V28873

Less: Tax Rebate u/s 87A V0

Net Tax after Rebate V28873

Add: Surcharge V0

Add: Health & Education Cess V1154

Total Tax on Income V 30027

TDS + TCS + MAT / AMT credit utilized

V
Self-Assessment Tax / Advance Tax
Provide detail V0

Date of Payment Self-Assessment Tax/Advance Tax Paid

07-Feb-2024 0
V

07-Feb-2024 0
V

Balance Tax Payable / Refundable V 30030

Add: Interest u/s 234A V0

Add: Interest u/s 234B V0

Add: Interest u/s 234C V0

Add: Fees for late filing of return u/s 234F V0

Total Tax and Interest payable V 30030

Note:
1. New tax regime option is provided only for individuals & HUF.

2. Tax calculator for "Manufacturing Co-operative societies" will be provided shorlty.

Disclaimer
The above calculator is only to enable public to have a quick and an easy access to basic tax calculation
and does not purport to give correct income and tax calculation in all circumstances. It is advised that for
filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts,
Rules etc.