Entry Form: Deductions under Chapter VI A, Section 10
Enter annual value of Deductions allowed under Chapter VI A
Entry Form: Deductions allowed under Section 10 of IT Act
HRA, Transport allowance, Arrears of Salary, Tax on Agricultural Income, are exempted from Income Tax subject to certain conditions.
Income Tax Deducted already during this Year by Employer
HRA, Transport allowance, Arrears of Salary, Tax on Agricultural Income, are exempted from Income Tax subject to certain conditions.
Click the button below to Calculate Total Gross Income, exemptions, deductions, taxable income and Income tax Payable, which are given in Income Tax Work Sheet which appears after you hit Calculate Button.
You can edit the work sheet for any month, then revised income tax would be calculated automatically in the worksheet. This feature will be useful especially if values such as pay, hra etc change in the middle of the year due to transfer or promotion. After editing worksheet, once you find that values in the worksheet are correct, Click Generate Statement for preparing Income Tax Statement to be submitted to your employeer.
You can also edit the entry form again and click "Calculate Income Tax". In that case, values for all the months will be revised in the worksheet and revised income tax will be calculated
