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 October 24 is a bank holiday in Andaman And Nicobar Island due to Lakshmi Puja/Maharshi Valmiki Jayanthi.
2018 October 27 is a bank holiday in Himachal Pradesh due to Karva Chauth.
2018 October 31 is a bank holiday in Sikkim due to Lhabab Duechen.
2018 November 01 is a bank holiday in Karnataka due to Kannada Rajyostsava/Kut.
2018 November 06 is a bank holiday in Andaman And Nicobar Island due to Diwali Amavasaya (Laxmi Pujan).
2018 November 06 is a bank holiday in Arunachal Pradesh due to Kali Puja/Diwali/Naraka Chaturdashi.