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Non Salaried Tax Calculator
Annual Taxable Income Rs
Amount of investment in mutual Fund Rs
Result
Rs
Rs


Sr. No.

Annual
Taxable Income
Brackets
(Rs.)

Annual
Taxable Income
(Rs.)

Monthly
Taxable
Income
(Rs.)

Amount
Exceeding Within Income Bracket
(Rs.)

Fixed Tax
Amount
(Rs.)

Tax Rate Applicable
on Exceeding Amount
(%)

Gross
Tax
Payable
(Rs.)

Effective
Tax Rate
(%)

Investment Amount
(Rs.)
Max. limit
Rs.1.5 Million

Tax
Rebate
(Rs.)

Net
Tax
Payable
(Rs.)

 

A

B

C

D=C/12

E

F

G

H=(E*G)+F

I=(H/C)%

J=C*20%

K=(H*I)/C

L=H-J

 

FOR NON SALARIED CLASS INDIVIDUALS

1

400,000

400,000

33,333

0

NIL

N/A

N/A

NIL

NIL

2

400,001

500,000

500,000

41,667

100,000

7.00%

7,000

1.40%

100,000

1,400

5,600

3

500,001

750,000

750,000

62,500

250,000

7,000

10.00%

32,000

4.27%

150,000

6,400

25,600

4

750,001

1,500,000

1,500,000

125,000

750,000

32,000

15.00%

144,500

9.63%

300,000

28,900

115,600

5

1,500,001

2,500,000

2,500,000

208,333

1,000,000

144,500

20.00%

344,500

13.78%

500,000

68,900

275,600

6

2,500,001

4,000,000

4,000,000

333,333

1,500,000

344,500

25.00%

719,500

17.99%

800,000

143,900

575,600

7

4,000,001

6,000,000

6,000,000

500,000

2,000,000

719,500

30.00%

1,319,500

21.99%

1,200,000

263,900

1,055,600

12

6,000,001

& above

10,000,000

833,333

4,000,000

1,319,500

35.00%

2,719,500

27.20%

1,500,000

407,925

2,311,575



Disclaimer: This calculator is for informational purposes only and should not be construed as an offer or solicitation to buy or sell investment products. The information presented is in summary form and does not substitute for professional advice. The information does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. Kindly read the constitutive documents before investment in mutual funds or pension funds.

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