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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