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    Income Tax Calculator 2023

    Uploaded by

    TARUN PRASAD
    The document contains details of an individual's income tax calculation including name, age, income, deductions, taxable income, and tax payable. It provides tax calculations under both the old and new tax regimes and compares the total tax payable under each. Sections include gross total income, deductions from various sections, net taxable income, applicable tax slabs and rates, and total tax payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Income Tax Calculator 2023

    Uploaded by

    TARUN PRASAD
    52 views50 pages
    The document contains details of an individual's income tax calculation including name, age, income, deductions, taxable income, and tax payable. It provides tax calculations under both the old and new tax regimes and compares the total tax payable under each. Sections include gross total income, deductions from various sections, net taxable income, applicable tax slabs and rates, and total tax payable.

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    © © All Rights Reserved

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    The document contains details of an individual's income tax calculation including name, age, income, deductions, taxable income, and tax payable. It provides tax calculations under both the old and new tax regimes and compares the total tax payable under each. Sections include gross total income, deductions from various sections, net taxable income, applicable tax slabs and rates, and total tax payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    52 views50 pages

    Income Tax Calculator 2023

    Uploaded by

    TARUN PRASAD
    The document contains details of an individual's income tax calculation including name, age, income, deductions, taxable income, and tax payable. It provides tax calculations under both the old and new tax regimes and compares the total tax payable under each. Sections include gross total income, deductions from various sections, net taxable income, applicable tax slabs and rates, and total tax payable.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    NAME

    AGE
    PARENT'S AGE

    TOTAL ANNUAL INCOME

    DEDUCTIONS
    UNDER SECTION 80
    UNDER SECTION 80C
    LIFE INSURANCE PREMIUM
    UNIT LINKED INSURANCE
    ELSS
    CHILDREN'S TUTION FEES
    EPF / NPS
    PPF
    CONTRIBUTION TO SSY
    TAX SAVING FD
    NSC
    PRINCIPAL ON HOME LOAN
    GROSS TOTAL
    NPS 80CCD(1B)

    NET DEDUCTIONS UNDER SEC 80

    SECTION 80GG HRA

    SEC 80E INTEREST ON EDUCATIO

    SEC 80EEA INTEREST ON HOME L

    SECTION 80D
    1. HEALTH INSURANCE FOR SELF
    2. HEALTH INSURANCE FOR PARE
    TOTAL DEDUCTION UNDER 80D
    SECTION 24B HOME LOAN INTERE

    SECTION 80EEB INTEREST ON EV

    STANDARD DEDUCTION

    LTA SECTION 10(5)

    OTHERS

    TOTAL DEDUCTIONS (M) (B+C+D+


    NET TAXABLE INCOME

    Disclaimer: The calculator is for the age lesser than 80Yrs & it i
    Note: Please Click on the yellow
    TARUNPRASAD SELA
    33
    0
    ₹61,464.46
    ₹0.00
    ₹0.00
    ₹56,700.00
    ₹51,012.00
    ₹0.00
    ₹0.00
    ₹0.00
    ₹0.00
    ₹0.00
    ₹150,000.00
    ₹0.00

    ₹308,000.00

    ₹0.00

    ₹0.00

    ₹0.00
    ₹0.00
    ₹0.00

    ₹0.00

    ₹50,000.00

    ₹0.00

    ₹26,400.00

    K+L)
    payable value which will help you in analysing things accordingly. So
    y to feed the details
    PRASAD SELA
    YEARS
    YEARS

    ₹1,104,400.00
    ₹150,000.00

    ₹308,000.00

    ₹0.00

    ₹0.00

    ₹0.00
    ₹0.00

    ₹0.00

    ₹50,000.00

    ₹0.00

    ₹26,400.00

    ₹534,400.00
    ₹570,000.00

    analysing things accordingly. So please consider this as only for learn


    THIS PRODUCT BELONGS TO

    TO IMPROVE YOUR FINANCIAL KNOW

    TAX PAYABLE AS PER OLD REGIM


    TAX PAYABLE AS PER NEW REGI

    To Support 'Money Purse Channel' you can open your "D

    ZERODHA
    UPSTOX
    ANGEL BROAKING
    FYERS

    TERM INSURANCE COMPARE


    HEALTH INSURANCE COMPARE

    LETS STAY IN TOUCH @


    INSTAGRAM
    TWITTER
    FACEBOOK
    TELEGRAM
    consider this as only for learning purpose only
    GE FOLLOW US @ https://www.youtube.com

    ₹27,560.00
    ₹40,601.60

    ACCOUNT" with below brokers

    https://zerodha.com/open-account?c=ZMPVNW

    https://tinyurl.com/y8sbw9w8
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    https://www.instagram.com
    https://twitter.com/mo
    https://www.facebook.com
    .youtube.com/channel/UChBT5TlUeG68PKvJSg6MkqQ

    TAX CALCULATION
    TAX CALCULATION
    TOTAL TAXABLE INCOME
    TAX SLABS
    1 to 250000
    250001 to 500000
    500001 to 1000000
    above 1000000
    GROSS TAX PAYABLE

    TAX CALCULATION FOR AG


    TOTAL TAXABLE INCOME
    TAX SLABS
    1 to 250000
    250001 to 500000
    500001 to 1000000
    above 1000000
    GROSS TAX PAYABLE
    GROSS TAX PAYABLE UNDER OL
    EDUCATION CESS 4%

    NET TOATAL TAXA PAYABLE UN

    gram.com/moneypurseadv/
    r.com/moneypurseadv
    book.com/moneypurseadv
    LATION AS PER OLD TAX REGIME
    LATION FOR AGE BLOW 60YEARS
    ₹570,000.00
    RATE SLAB VALUE
    0% ₹250,000.00
    5% ₹250,000.00
    20% ₹70,000.00
    30% ₹0.00

    FOR AGE ABOVE 60 AND BELOW 80YE


    ₹0.00
    RATE SLAB VALUE
    0% ₹0.00
    5% ₹0.00
    20% ₹0.00
    30% ₹0.00
    DER OLD REGIME

    BLE UNDER OLD REGIME


    IME
    ARS

    TAX
    ₹0.00
    ₹12,500.00
    ₹14,000.00
    ₹0.00
    ₹26,500.00

    OW 80YEARS

    TAX
    ₹0.00
    ₹0.00
    ₹0.00
    ₹0.00
    ₹0.00
    ₹26,500.00
    ₹1,060.00

    ₹27,560.00
    TAX CALCULATION

    TAXABLE INCOME (-STD)


    TAX SLABS
    1 to 300000
    300001 to 600000
    600001 to 900000
    900001 to 1200000
    1200001 to 1500000
    Removed in Budget 2023
    Above 1500000
    GROSS TAX PAYABLE
    GROSS TAX PAYABLE UNDER OL
    EDUCATION CESS 4%

    NET TOATAL TAXA PAYABLE UN


    LATION AS PER NEW TAX REGIME

    ₹1,054,400.00
    RATE SLAB VALUE
    0% ₹300,000.00
    5% ₹300,000.00
    10% ₹300,000.00
    15% ₹154,400.00
    20% -₹145,600.00
    0% ₹0.00
    30% ₹0.00
    NDER OLD REGIME

    ABLE UNDER OLD REGIME


    REGIME

    TAX
    ₹0.00
    ₹15,000.00
    ₹30,000.00
    ₹23,160.00
    -₹29,120.00
    ₹0.00
    ₹0.00
    ₹39,040.00
    ₹39,040.00
    ₹1,561.60

    ₹40,601.60
    Monthly
    Basic + DA
    HRA
    Rent

    Actual HRA Received

    Basic + DA (1. 50% in Metro,2. 40% in Non Metro)

    Actual Rent Paid - 10% of Basic+DA


    Annually
    0
    0
    0

    Exemption
    ₹0.00

    ₹0.00

    ₹0.00

    ₹0.00

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