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Calculators » Miscellaneous » Income Tax
Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can calculate the amount of income-tax payable by individual assessee in India.
|Senior citizen (over 60 years)|
|Senior citizen (over 80 years)|
Tax calculation on this page is based on the tabulated tax slabs given above (Announced on budget day on July 10, 2014).
Note: For individual assessees whose total income does not exceed Rs 5 lakhs after all deductions under Chapter VI A are eligible for a rebate of up to Rs 2000 under section 87A (applicable from assessment year 2014-15 onwards). A surcharge of 10% on income tax payable is applicable for every non-corporate assessee, whose total income exceeds Rs 1 crore (applicable for assessment year 2014-15). Further, Education Cess @ 2% + Secondary and Higher Education Cess @ 1% on the tax payable is added up for the final amount.
Also see Employee gratuity calculator