This calculator carries out following calculations for Non-resident Individual assessees for the Assessment Years 2017-18 ( i.e. on income earned during the financial year 01.04.2016 - 31.03.2017 ) for determing your taxable income and income 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. for the assessment year.
Calculates income chargeable at Special Rate for computing the Taxable Income.
Calculates Income net of Income Tax Liability for the assessment year.
Calculates and shows Income Tax with slab-wise Income details.
Calculates Surcharge net of Marginal Relief *, wherever applicable.
We welcome your suggestions / feedback to improve functionality and user friendliness of this calculator.
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'.
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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.