Anticipatory Income Tax Calculator with 10 E-  Financial Year 2022-23

(Assessment Year 2023-24) 

Income Tax Calculation FY 2021-22  AY 2022-23. The Free Software  with in built 10 E Calculation - for Employees and Other Tax Payers:

Old Tax Calculation System:

In last few years there were different tax slabs for three categories namely Ordinary Person, Senior Citizen and Super Senior Citizen. The taxable income is calculated after certain deductions from the gross income.

Tax was calculated vide: 

I. Normal Rates of tax:

(a) Where the total income does not exceed Rs. 2,50,000/--- Nil. (b) Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/- 5 per cent of the amount by which the total income exceeds Rs. 2,50,000/-. (c) Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-, Rs. 12,500/- plus 20 per cent of the amount by which the total income exceeds Rs. 5,00,000/(d)            Where the total income exceeds Rs. 10,00,000/-. Rs. 1,12,500/- plus 30 per cent of the amount by which the total income exceeds Rs. 10,00,000/-

Income Tax Calculator with 10 E-  Financial Year 2021-22

(Assessment Year 2022-23) 

Income Tax Calculation FY 2021-22  AY 2022-23. The Free Software  with in built 10 E Calculation - for Employees and Other Tax Payers:

Old Tax Calculation System:

In last few years there were different tax slabs for three categories namely Ordinary Person, Senior Citizen and Super Senior Citizen. The taxable income is calculated after certain deductions from the gross income.

Tax was calculated vide: