Income Tax Calculator-Tax Year 2010-2011 
Use this simple worksheet to understand your tax liability
Net Taxable Income Rs. 0
Income Tax Calculation
| Tax Slab | Tax Rate | Tax Payable | ||
| Tax on Income up to Rs. | 0% | Nil | ||
| Tax on the next Rs.0 (Slab Rs. - Rs.5 lakhs) |
10% | Rs.0 | ||
| Tax on the next Rs.0 (Slab Rs.5,00,001 to Rs.8 lakhs) |
20% | Rs.0 | ||
| Tax on next Rs.0 (Slab over Rs.8,00,001) |
30% | Rs.0 | ||
| Income Tax Due | Rs.0 | |||
| Educational Cess @3% | Rs.0 |
| Total Tax Payable (2010 - 11)* Rs. |
How this works | *Please refer disclaimer
Close
If you fall within the taxable income bracket, then you are required to pay taxes. This calculator takes your income as the starting point. Then it adjusts this income for the most commonly used tax deductions that you are eligible for (deductions such as 80C insurance premium for policy, or home loan principal repayment, or 80D health insurance premium). Thereafter, depending upon you gender and age, there is a standard deduction available to every tax payer. The net amount after all these adjustments is then used to calculate the tax payable depending upon the relevant slabs.
Close
Need help in understanding your taxes? Contact iTrust's tax expert on tax@itrust.in
If you want a paid consultation from one of our specialist Tax Consultants who are qualified CAs, then please email us at Tax@iTrust.in. Our CAs can help you structure you salary and tax matters in the most legal and optimal manner so you can minimize your overall tax liability.
1,00,000 clients can’t be wrong!
Last year, over 1,00,000 clients used iTrust's tax service to save tax and file returns. If you want to save tax subscribe to our free newsletter with tax tips.
Last year, over 1,00,000 clients used iTrust's tax service to save tax and file returns. If you want to save tax subscribe to our free newsletter with tax tips.
Comments
|
Vaibhav said : 12/01/2012 |
GR 8888888888 |
|
Amol said : 19/12/2011 |
Good link to calculate tax. |
|
Yogendra Shrivastava said : 23/11/2011 |
Very Good and accurate calculator, Also need to include "how we can save this tax amount" Thanks |
|
fahms said : 22/11/2011 |
Very useful. Should have added investments in more details. Infrastructure bonds are missing. |
|
sa said : 29/09/2011 |
Useful and accurate thank you |
|
vdamoji said : 26/09/2011 |
Found it very useful. Thanks |
|
dinesh said : 27/07/2011 |
for age of 62 years it is considering from 160000 in place of 190000. Please check. |
|
s k bharti said : 27/07/2011 |
very useful,thanks |
|
Gaurav said : 27/07/2011 |
Very Good... |
|
SUBIR said : 25/07/2011 |
Very helpful and too easy to use. Thanks. |