INCOME TAX CALCULATOR (Real life) : OLD & NEW TAX REGIME

INCOME TAX CALCULATOR - OLD & NEW TAX REGIME

Enter your name:

Enter your gross salary in ₹

Enter your total Professional Tax (P.Tax) in ₹

Enter your savings a/c interest (cumulative of all banks)in ₹

Enter your total income from other sources (Dividend, Interest on FDs, Bond Income) in ₹

Enter the Gross Annual Rent ( put 0 for self occupied property) in ₹:

Enter the Municipal Taxes ( put 0 for self occupied property) in ₹:

Enter total interest paid on Home loan in ₹:

Enter the interest during construction in ₹ (put 0 if house is old than 5 years):

Divide the total interest paid during construction period by 5, as this deduction can be availed only for 5 years after the completion/acquisition of house in equal parts

Enter total deductions u/s 80C: (Housing Loan Principla,LIC,PLI,PPF,EPF,ELSS,NPS,Tax Saving FDs/Bonds..) in ₹

Enter contribution to NPS, additional deduction u/s 80CCD upto ₹50000:

Enter contribution to medical insurance, u/s 80D:

Enter deductions u/s 80EEA (Interest on loan for first residential house under affordable housing- additional deduction 1.5 lacs above 2 lacs under section 24, cannot be availed if deduction already taken in section 80EE last year or loan value is greater that 35 lacs):

Enter deduction under section 80G (donations):

Enter deduction under section 80GG (Rent Paid):

Enter deduction under section 80U (person with 40% disability can claim upto ₹75,000 while with severe disabilty (80% or above) can claim a tax deduction upto ₹1.25 lacs):