Money Pot

Income From Salary/Pension


Income From Business


Income/Loss from Property/House

Money Lot

Income From other sources


Section 80C - Basic Deductions

Section 80C of Income Tax Act allows a maximum deduction of 1.5 lakhs for various investments like LIC, Home loan EMI, saving schemes like PPF, VPF,etc.

Deductions under 80C

Section 80D - Medical insurance

Maximum deductions can be claimed upto INR 50,000 - 60,000 depending upon following conditions:

  • INR 25,000 - For insurance of self, spouse and dependent children(INR 30,000 in case of senior citizen)
  • INR 25,000 - For insurance of parents(INR 30,000 in case parents are senior citizens)

Deductions under 80D

Section 80E - Interest on Education Loan

The amount of interest paid on loan for higher education. The loan should have been approved for pursuing the higher studies of self, spouse or children.

Deductions under 80E

Section 80G - Donations

Sum of donations made to certain funds or charitable organizations.

Deductions under 80G

Section 80GG - House Rent

Deductions on house rent paid if it is more than 10% of your income with an upper limit of 25% can be claimed.

Deductions under 80GG

Other Deductions

Sum all other eligible deductions

Tax liability

Your total Liability
Total Income 0.00
Total eligible deductions 0.00
Taxable Income 0.00
Income Tax 0.00
Educational Cess 0.00
Total Liability 0.00
Income Tax Slab For Individuals below 60 yrs (FY 2016-17)
Income Slabs Tax Rates
Less than Rs.2,50,000 NIL
2,50,000 - 5,00,000 10% of the amount that exceeds 5,00,000
5,00,000 - 10,00,000 25,000 + 20% of the amount that exceeds 5,00,000
More than 10,00,000 1,25,000 + 30% of the amount that exceeds 10,00,000

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