Income Tax Calculator for FY 2016-17 and FY 2017-18
The budget announcement on Income Tax Slabs come into effect from 1.4.2017 for Financial year (FY) 2017-18.
We are in Financial Year (FY) 2016-17. That is from 01/04/2016 to 31/03/2017. This means the Assessment Year is 2017-18.
So, the Calculator provided below will help you to understand the difference between Income Tax for FY 2016-17 and FY 2017-18. Through this Calculator We are able to understand the impact of Budget announcement of Income Tax and what extend it is beneficial to salaried people.
|Income Tax Calculator|
|Description||FY 2016-17||FY 2017-18|
|Tax on Income|
|Tax on net Income|
|Educational Cess 3%|
|Total Tax Payable|
|Impact on Tax|