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Income Tax Calculator for the year 2017-18

(To Add or Select a new employee, use the menu - " Income Tax - > Add / View Employee".)

Basic Details

Salary Details

Enter the Gross Salary for each month:

(includes Basic Pay, DA, HRA, CCA, Interim Relief, OT Allowance, Deputation Allowance, Medical Allowance, etc.)

March - 2017
April - 2017
May - 2017
June - 2017
July - 2017
August - 2017
September - 2017
October - 2017
November - 2017
December - 2017
Janauary - 2018
February - 2018

Arrear Details and Others:

DA Arrears
Pay Revision Arrears
Any Other Arrears
Leave Surrender
Festival Allowance / Bonus / Ex-gratia and Incentive
Any Other Income

Deduct HRA - if you are paying Rent

(if you are not paying rent, keep this as blank)

Total Rent paid for the financial year
Actual HRA received during the year
Total salary received during the year (Basic pay + DA only)

Deduction Details

Entertainment Allowance
Professional Tax Paid
Housing Loan Interest
Mediclaim (maximum of Rs. 25,000 + parents Rs.25,000 / 30,000)
Medical treatment of mentally or physically handicapped dependents
Medical treatment for specified deceases
Interest paid for Educational Loan taken for higher education
Payment to Annuity Plan of Pension fund like LIC
Donation to various charitable and other funds including PM's National Relief Fund (including OKHI Relief Fund)
Contribution made to political party / electoral trust
Deduction for person with disability [Rs. 75,000; if disability over 80% Rs. 1.25 lakh]
Subscription to long term infrastructure Bonds u/s.80CCF [max. Rs. 20,000/-]
Remaining Contribution to NPS (Max Rs.50,000)

Deductions under 80C [max. Rs. 1,50,000/-]:

Life Insurance premia of self, spouse or children
Purchase of NSC VIII issue
Contribution to GPF (Subscription, DA Arrear, Pay Revision Arrear, etc)
Contribution to SLI, GIS, FBS, GPAIS, etc (Total)
Term deposit with Scheduled Bank for a fixed period of not less than 5 years
Purchase of tax saving units of Mutual Fund or UTI
Tution fees for full-time education to any 2 children
Housing Loan Repayment (Principal) and Stamp duty paid for purchase of property
Subscription to equity shares or debentures of an eligible issue
Contribution to PPF account of Self, Spouse or Children
Subscription of Infrastructure Bonds of NABARD
Deposit under Seniour Citizen Saving Scheme
Five year Time Deposit in Post Office
Contribution to NPS (Max 10% of Basic+DA)

Tax deducted from salary

Amount of Tax already deducted from salary