Taxable Income and Tax Calculator AY 2017-18
For Resident Individuals & HUFs
Calculate Taxable Income, Income tax, Surcharge and Education Cess for Individual, Senior Citizen, Very Senior Citizen and HUF tax payers for AY 2017-18 (income earned during April 1, 2016 to March 31, 2017). The calculator takes into account income from House Property, Business and Profession, Capital gains, Agriculture Income, Eligible deductions and Income at Special Rates. The calculator also calculates and displays incomes chargeable at various tax rates, Income net of Tax Liability and Marginal Relief on Surcharge available in case taxable income exceeds ₹ 1 crore.
Please note that this calculator takes into account Loss from 'House Property' but not from 'Business or Profession' and / or 'Capital Gains' and / or 'Other Sources'.
Important : The above calculator is compiled to enable users / visitors of this site to have a quick and easy online tool for basic calculation. The calculator does not claim to give correct calculation in all circumstances. It is advised that the exact calculation may be made after taking into account all relevant provisions contained in the Income Tax Act and Rules.