There are many amounts which are allowed to be deducted from Gross Salary under different sections. After claiming such deductions, the amount of Taxable Salary is arrived at.
Following Income Tax Calculator is very user friendly that helps you to calculate the tax liability after deductions of such amount under different sections. Under some sections, there is some maximum limit on such deductions like transport allowance, HRA exemption etc. and under some sections there is no maximum cap on claimed amount like interest paid on education loan etc.
For using this income Tax Calculator, you need to enter the annual amounts like Gross Salary, Different deductible amounts like transport allowance, HRA exemption, amount invested under section 80C, Home loan interest etc. Then this calculator will calculate the amount of tax liability. This result includes Cess, service tax, etc
Please remember to enter Annual Amounts only.
2018 April 30 is a bank holiday in Andaman And Nicobar Island due to Buddha Pournima.
2018 May 01 is a bank holiday in Andaman And Nicobar Island due to Maharashtra Din/May Day.
2018 May 09 is a bank holiday in Andaman And Nicobar Island due to Birthday Of Rabindranath Tagore.
2018 May 16 is a bank holiday in Arunachal Pradesh due to State Day.
2018 May 29 is a bank holiday in Sikkim due to Saga Dawa.
2018 June 08 is a bank holiday in Jammu And Kashmir due to Jumat-ul-Veda.