Delhi School teachers Forum develop New Income Tax Calculator for the teachers for Financial Year 2013-14 and Assessment year 2014-15. Now you can check your Income tax calculation using this calculator. This calculator is very simple and self explanatory.
How to Use this Calculator :
Enter Basic Pay with Grade Pay.
Enter your slab of TA i.e.1600/3200
DA arrear from Jan. 2013 to March 2013 will automatically calculated.
DA arrear for July to September will automatically added in Basic Pay and DA.
Enter your saving and other required field and Then click on Calculate Income Tax.
Select your Category
Basic Pay + GP
TA
Total Basic Pay +DA
Total HRA
Total TA
Total Income
Add: DA Arrears
Bonus
Education Allowance
Pay arrear if any
Bank Interest if any
Honorarium if any
Agricultural Income if any
Gross Income
Less : Deduction u/s 10 (other than HRA)
TA Exemption
Tuition Fees Exemp. (Rs. 1200/child
Medical Premium
Interest Paid on Home Loan
Taxable Income
Less : HRA Exemption
Do You want HRA Exemption ? If yes, then fill Actual Rent paid by you.
Actual Rent Paid
Rent Paid-(10% of Basic+DA)
50% of Basic+DA
HRA Exemption
Gross Taxable Income
Deduction u/s 80 G Donation
Deduction u/s 80 G (other than Donation)
Deduction u/s 80CCCA (Pension)
TOTAL
GPF
PPF
G.I.S.
Home Loan Principal
Tuition Fees
LIC
NSC
Any Other
TOTAL
Rebate
Total Rebate
NET Taxable Income
Income Tax Payable
Education Cess Payable
Less: Income Tax Paid up to Dec.
Income Tax Due
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