indian income tax computation software free download

Individual suffering from severe disabilityĬontribution by companies to political partiesĬontribution by individuals to political partiesĭeductions on Income by way of Royalty of a Patent Self suffering from disability:Individual suffering from a physical disability (including blindness) or mental retardation. Lower of Rs 80,000 or the amount actually paid Lower of Rs 60,000 or the amount actually paid Lower of Rs 40,000 or the amount actually paid Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DDFor less than 60 years old Medical treatment for handicapped dependant or payment to specified scheme for maintenance of handicapped dependantĭisability is 40% or more but less than 80% Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old Medical Insurance – Self, spouse, children Lower of – 50% of amount invested in equity shares or Rs 25,000 Rajiv Gandhi Equity Scheme for investments in Equities Interest on home loan for first time home owners Least of rent paid minus 10% of total income Rs.

Income Tax Deductions Section-wise Details Sectionįor amount deposited in annuity plan of LIC or any other insurer for pension from a fund referred to in Section 10(23AAB).Įmployee’s contribution to NPS account (maximum up to Rs 1,50,000)įor rent paid when HRA is not received from employer Income Tax Slabs for the Senior Citizen for the Assessment Year 2023-24 S.

Income Tax Slabs for the Individual for the Assessment Year 2022-23 S. I prepared One Model Income Tax Calculation 2017-18 financial year. Educational Loan and Two Children Tuition fee Reimbursement No tax. Official Income Tax of India Industrial Income Tax.Housing Laon Principal Amount Exemption and Housing Loan Intrest Deduction Income Tax 2015-16. No change in the Income Tax Slabs rate and exemption limit for Individual Person in Assessment Year 2020-21 and Financial year 2016-17.There is no change in the rate of Education Cess and Secondary 2% & Higher Education Cess 1% on. Slab Rates of income tax for the Financial year 2022-23 – AY 2023-24

Indian income tax computation software free download