Income Tax Calculator for FY 2016-17 and FY 2017-18

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
Age Category
Gross Income
Description FY 2016-17 FY 2017-18
Gross Income
80C Deduction
Taxable Income
0% () --- ---
5% ()
10% ()
20% ()
30% ()
Tax on Income
Rebate U/S87A
Tax on net Income
Surcharge
Educational Cess 3%
Total Tax Payable
Impact on Tax

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