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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 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

2.00%

2,000

0.40%

100,000

400

1,600

3

500,001

750,000

750,000

62,500

250,000

2,000

5.00%

14,500

1.93%

150,000

2,900

11,600

4

750,001

1,400,000

1,400,000

116,667

650,000

14,500

10.00%

79,500

5.68%

280,000

15,900

63,600

5

1,400,001

1,500,000

1,500,000

125,000

100,000

79,500

12.50%

92,000

6.13%

300,000

18,400

73,600

6

1,500,001

1,800,000

1,800,000

150,000

300,000

92,000

15.00%

137,000

7.61%

360,000

27,400

109,600

7

1,800,001

2,500,000

2,500,000

208,333

700,000

137,000

17.50%

259,500

10.38%

500,000

51,900

207,600

8

2,500,001

3,000,000

3,000,000

250,000

500,000

259,500

20.00%

359,500

11.98%

600,000

71,900

287,600

9

3,000,001

3,500,000

3,500,000

291,667

500,000

359,500

22.50%

472,000

13.49%

700,000

94,400

377,600

10

3,500,001

4,000,000

4,000,000

333,333

500,000

472,000

25.00%

597,000

14.93%

800,000

119,400

477,600

11

4,000,001

7,000,000

7,000,000

583,333

3,000,000

597,000

27.50%

1,422,000

20.31%

1,400,000

284,400

1,137,600

12

7,000,001

& above

10,000,000

833,333

3,000,000

1,422,000

30.00%

2,322,000

23.22%

1,500,000

348,300

1,973,700



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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