Income Tax Calculator-Tax Year 2009-10 
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.3 lakhs) |
10% | Rs.0 | ||
| Tax on the next Rs.0 (Slab Rs.3,00,001 to Rs.5 lakhs) |
20% | Rs.0 | ||
| Tax on next Rs.0 (Slab over Rs.5,00,001) |
30% | Rs.0 | ||
| Income Tax Due | Rs.0 | |||
| Educational Cess @3% | Rs.0 |
| Total Tax Payable (2009 - 10)* Rs. |
| Tax saving on the same salary next year (2010 - 11)* Rs.0 |
How this works | *Please refer disclaimer
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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.
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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.
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