Income Tax Calculator AY 2012-13
Individuals & HUFs

About this Calculator

This calculator carries out following calculations for Individual and HUF assessees for the Previous Assessment Year 2012-13 ( i.e. on income earned during 01.04.2011 - 31.03.2012 ) for determining your taxable income and income tax (also written shortly as itax / inc tax) liability:

  • Calculates Taxable Income by computing income from all sources viz. Salary and Allowances, House Property, Capital Gains, Income from other sources, Agriculture Income etc.
  • Calculates income chargeable at Special Rate for computing the Taxable Income.
  • Calculates deductions available from the Taxable Income under various Sections of Income Tax Act.
  • Calculates and shows Income Tax with slab-wise Income details.
  • Calculates Income net of Income Tax Liability.

You can use this calculator as an aid to compile your tax return.

Please send us your feedback and suggestions to enable us to make this calculator more user friendly.

Enter data in applicable bordered cells
Select Sex
Select Age
A.   Income from Salary / PensionAmend dataEnter data
1Total Salary/Pension as per Form 16 (Excl. all exempt/non-exempt allowances, perquisites & profit in lieu of salary)
2Allowances Exempt under Section 10. (Not to be added to Total Income from Salary chargeable to Income Tax)
3Add : Allowances not exempt
4Add : Value of Perquisites and / or Fringe Benefits
5Add : Profits in lieu of Salary
6Total Income from Salary / Pension
B.   Income from Business / Profession
C.   Income / Loss from House Property Amend dataEnter data
1Annual Lettable Value or Rent Received or Receivable
2Amount of Rent, which cannot be realized
3Taxes paid to Local Authorities ('0', If self occupied)
4Taxable amount of Rent Received / Realized {70% of (1 - 2 - 3)]
5Interest payable on borrowed capital
Income from House Property chargeable to Income Tax
D.   Income / Loss from Capital Gains Amend dataEnter data
1Short Term Capital Gain chargeable - Taxable at Normal Rates
2Short Term Capital Gain chargeable (u/s 111A) - Taxable @ 15%
3Long Term Capital Gain chargeable (Without Indexation) - Taxable @ 20%
4Long Term Capital Gain chargeable (With Indexation) - Taxable @ 10%
Total Income from Capital Gains
E.   Income from Other Sources Amend dataEnter data
1Income - Taxable at Normal Rates
2Winnings from Lottery, Puzzle, Crossword etc. - Taxable @ 30%
Total Income from Other Sources
F.   Agricultural Income for Rate Purpose only
G.   Aggregate Income ( A+B+C+D+E )
H.   Eligible Deductions Amend dataEnter data
1Deductions under Sec. 80C
2Deductions under Sec. 80CCC
3Deductions under Sec. 80CCD
4Total of Deductions u/s 80C, 80CCC and 80CCD (Max. Rs. 1 lakh)
5Deductions under Sec. 80CCF
6Deductions under Sec. 80D (Health Insurance - Self & Family)
7Deductions under Sec. 80D (Health Insurance - Parents)
8Deductions under Sec. 80DD
9Deductions under Sec. 80DDB
10Deductions under Sec. 80E
11Deductions under Sec. 80G
12Deductions under Sec. 80GG
13Deductions under Sec. 80RRB
14Deductions under Sec. 80U
15Any other eligible deduction
Total Deductions from Taxable Income
I.   Total Taxable Income ( G - H )
J.   Income included in Aggregate Income & taxable at Special RatesAmend dataEnter data
ParticularsIncomeRate %Income Tax
1Short Term Capital Gain (u/s 111A)15
2Long Term Capital Gain - Taxable @ 20%20
3Long Term Capital Gain - Taxable @ 10%10
4Winnings from Lottery, Puzzle, Crossword etc.30
5Any other income included in Aggregate Income above and taxable at special rate
Total Income and Income Tax at Special Rate
K.   Income taxable at Normal Rates (I - J)
L.   Tax already paid Amend dataEnter data
1Tax Deducted at Source
2Tax Collected at Source
3Advance Tax paid
4Self Assessment Tax paid
1total Tax paid
Taxable Income & Tax Liability details
DescriptionIncomeIncome Tax
Exempt Income
Income chargeable at 10%
Income chargeable at 20%
Income chargeable at 30%
Income chargeable at Special Rates
Total
Less : Income Tax on Agricultural Income included above
Income Tax Payable
Education Cess @ 3% of Income Tax Payable
Gross Income Tax liability
Less: Tax relief under sections 89, 90 and 91
Net Income Tax liability
Add: Interest Payable under Sections 234A, 234B and 234C
Aggregate Income Tax liability
Tax payable / Refund
Income Net of Income Tax Liability
Calculate interest under Section 234 A, B and C.