Abdulgani Shaikh

This tax calculator has been made with the information available to me. I don’t claim this to be 100% accurate. This tax calculator can be used for tax planning to calculate the approximate tax payable by salaried individuals. This should NOT be used to compute the actual taxes to be paid to the Government. The author is not responsible for any inaccuracies in the tax computed by this calculator. If you find any inconsistency/ inaccuracy, please let me know and I will try to fix it at the earliest.

Mostly people gives estimated declaration at the beginning of financial year to minimise their Tax Liabilities but could not save up to last month and face heavy tax burden in last months. Many of us start looking for investment avenues only in February or March, just before the Financial Year is getting over, which is a a big mistake!  as it may lead to following :-

One, you would end up investing your money without putting proper thought to it. And

secondly, you would end up losing the interest / appreciation for the whole year.

Instead, decide where you want to make the investments, and start investing right from the beginning of the financial year – from April.

Download TDS on Salary/Income tax Calculator for F.Y. 2015-16 A.Y. 2016-17

(Author may be reached at itpabdulgani@gmail.com)

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3 responses to “TDS on Salary/Income tax Calculator for F.Y. 2015-16 A.Y. 2016-17”

  1. tanuj singh bisht says:

    your income will be taxable income as per income tax 1961 of india your income is cross the income slab rate but after deduction of 80c of income tax 1961 your income 150000 Rs……. and there is no need to pay tax but if you want to filled income tax return you can file…………………….

  2. Vishnu says:

    Up to 2,50,000 slab is standard Exemption, and if taxable income is less than 5 Lakhs -and tax amount is less than Rs. 5000/-then tax amount is also exempted u/s 87A , means your income of 2,70,000 is totally tax free income

  3. sahil Khan says:

    Hi Mera Salary 53,895 hai mgar tax kitna katega aur ise kaise bachana hai taki tax bilkul bhi na kate.Please batao.

  4. rasananda mohapatra says:

    Sir,
    My income is per month Rs.20,000/- so, yearly it is around Rs.2,40,000/- + gift 20,000 and house occupation rent is around Rs.30,000/- so my total income comes around Rs.2,70,000/- Deduction is around Rs.1,20,000/- towards LIC, Schhol Fees and PLI etc. so whether it is comes to taxable income or not please suggest.

  5. PARAG says:

    AS PER YOUR EXCEL CALCULATOR, IT SHOWS 100% REBATE ON HRA. BUT OUR ACCOUNT DEPT IS NOT AGREE WITH IT. THEY ARE CALCULATING TAX ON HRA.

    GIVE DETAILS ON MY EMAIL

  6. Sudhir Gangwar says:

    Please send me income tax calculator in Excel.

  7. Manoj Pal says:

    Useful tool please share declaration password.

  8. M K MANDAL says:

    pls send the auto calculator for income tax for salaried person for FY 2015-16

  9. AWADHESH says:

    C FORM ONLINE HELP US

  10. sachin says:

    Suppose a company took term loan from financial institute may be from privet or Govt. they charge Interest on the loan is this interest shall be paid by deduction of TDS? e.g. interest on loan for the month is rs. 8000/- is this rs. 8000/- shall be paid after deducting TDS i.e.8000-800=7200/-

  11. VIVEK SONI says:

    I have a question suppose Sir I am paying my staff 25000.00 april to july fy 15-16 which is not taxable and then in august I pay 50000 till March so what is the TDS amount for each month and what is the calculation.
    Note : here is no allowance and no mediclaim just I am paying p.tax that’s it.

  12. Mohan says:

    how will treat contributory pension scheme benefit both employee and employer portion.
    pls explain with example

  13. Sriram says:

    Really a very good tool for tax planner & those who are all want to know more about investment

  14. JAKIR SAHIB says:

    Dear Sir,

    Deductions u/s 80D are:

    1) Individual Rs. 25000
    2) Sr.Citizen Rs. 25000

  15. ANIL says:

    MONTHLY TDS CALUCLATION IS REQUIRED

  16. Suresh says:

    Useful tool

  17. Vidhyut Jain says:

    There are certain limits in the excel sheet mentioned which are not updated.. request you to kindly re-check…

    c) Public Provident Fund Own, Spouse, Children (Major or Minor, Dependent or Indepdent) 100000 6years

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