India Tax Calculator FY2016-17
Free App
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About India Tax Calculator FY2016-17
Income Tax Calculator for India Current FY 2016-2017/AY 2017-2018:
Calculate the Income Tax for the Financial Year 2016-2017 (Assessment Year: 2017-2018) using this application. Advance Tax Calc, Quick Tax Calc and HRA Exemption Calc were provided in the application.
Here are the rules considered in the app:
Income Tax Rates for Financial Year 2016-2017:
Case A: For Men (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case B: For Women (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case C: For resident individual of 60 years or above (Senior Citizens)
Upto Rs. 3,00,000 Nil
Rs. 3,00,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case D: For resident individual of 80 years or above (Very Senior Citizens)
Upto Rs. 5,00,000 Nil
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
HRA Tax Exemption Calculation:
Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid – 10% of Basic)
Maximum allowed limits for tax exemption:
Section 80C limited to 1.5 Lacs.
Section 80D limited to 35K.
Section 80E limited to 40k.
Section 24 limited to 2 Lacs.
Limitations of the App:
1. As all the values are considered as integers, the maximum value can be entered is (2^31 - 1).
2. While doing calculations, each value is rounded to the nearest integer.
Suggestions:
If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.com
Calculate the Income Tax for the Financial Year 2016-2017 (Assessment Year: 2017-2018) using this application. Advance Tax Calc, Quick Tax Calc and HRA Exemption Calc were provided in the application.
Here are the rules considered in the app:
Income Tax Rates for Financial Year 2016-2017:
Case A: For Men (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case B: For Women (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case C: For resident individual of 60 years or above (Senior Citizens)
Upto Rs. 3,00,000 Nil
Rs. 3,00,001 to Rs. 5,00,000 10 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
Case D: For resident individual of 80 years or above (Very Senior Citizens)
Upto Rs. 5,00,000 Nil
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent
HRA Tax Exemption Calculation:
Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid – 10% of Basic)
Maximum allowed limits for tax exemption:
Section 80C limited to 1.5 Lacs.
Section 80D limited to 35K.
Section 80E limited to 40k.
Section 24 limited to 2 Lacs.
Limitations of the App:
1. As all the values are considered as integers, the maximum value can be entered is (2^31 - 1).
2. While doing calculations, each value is rounded to the nearest integer.
Suggestions:
If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.com
All Application Badges
Free
downl.
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Android
4.1+
4.1+
Bug
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Android app
App History & Updates
What's Changed
v1.4: Updated to FY2016-2017
v1.3: Updated to FY2015-2016
v1.2: Application size reduced
v1.1.2: Fixed a bug related to Rebate under Section 87A
v1.1.1: Fixed a minor bug in manifest
v1.1: Application is now "India Tax Calculator - Current FY"
v1.0.2: Bug related to the tax calculation for different age categories fixed.
v1.0.1: Minor optimization and few issues fixed
v1.0: Application Release
v1.4: Updated to FY2016-2017
v1.3: Updated to FY2015-2016
v1.2: Application size reduced
v1.1.2: Fixed a bug related to Rebate under Section 87A
v1.1.1: Fixed a minor bug in manifest
v1.1: Application is now "India Tax Calculator - Current FY"
v1.0.2: Bug related to the tax calculation for different age categories fixed.
v1.0.1: Minor optimization and few issues fixed
v1.0: Application Release
Name changed Name changed! India Tax Calculator FY2015-16 now is known as India Tax Calculator FY2016-17.
Version update India Tax Calculator FY2016-17 was updated to version 1.4
Version update India Tax Calculator FY2016-17 was updated to version 1.3.1
More downloads India Tax Calculator FY2016-17 reached 50 000 - 100 000 downloads
What are users saying about India Tax Calculator FY2016-17
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by Y####:
by Y####:
Plse update F.Y. 16-17
Y
by Y####:
by Y####:
Please add AY 2017-18
Y
by Y####:
by Y####:
No provision for NPS
Y
by Y####:
by Y####:
Interest on educational loan app is restricting to Rs.41000 (not yet rectified)which is incorrect as now there is no upper ceiling on int on edu loan. Please correct it. Otherwise a fine app for quick calculations. Azam baig
Y
by Y####:
by Y####:
Very easy to calucate the tax...
D
by D####:
by D####:
Very useful for calculate my personal it
G
by G####:
by G####:
Pls update 80D & 80C (NPS). Also update for next AY2017-18.
D
by D####:
by D####:
I found it simple and can be used even by a layman
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by D####:
by D####:
No provision for NPS
D
by D####:
by D####:
It is very easy n helpful
O
by O####:
by O####:
Regular updates should be available.
D
by D####:
by D####:
Very Usefully App. So easy.
U
by U####:
by U####:
liked ..easy
O
by O####:
by O####:
It should also have a feature to save data. Overall a very useful app
R
by R####:
by R####:
It should have more features like school tution fee, agricultural income accordingly increase in business income in case of other business or salary income if one is not a farmer purely. Or as applicable in the ITR format
Z
by Z####:
by Z####:
calculations not correct, standard deduction not accounted
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Certified Financial Planner- CFP
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by R####:
by R####:
Good good and excellent
M
by M####:
by M####:
Good
R
by R####:
by R####:
Simple n good
M
by M####:
by M####:
I know my tax by taht
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by T####:
by T####:
Add save feature ..otherwise very useful app...:-)
C
by C####:
by C####:
Very accurate and useful. Not updated recent changes
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by K####:
by K####:
Very good
O
by O####:
by O####:
I agree with Bhargav, You just add feature to save entered data and tips to save further tax.
T
by T####:
by T####:
Interest on educational loan app is restricting to Rs.41000 (not yet rectified)which is incorrect as now there is no upper ceiling on int on edu loan. Please correct it. Otherwise a fine app for quick calculations. Azam baig
H
by H####:
by H####:
Just add feature to save entered data and tips to save further tax. Than five star
T
by T####:
by T####:
Very easy to calucate the tax...
T
by T####:
by T####:
pls include more section under deduction..mostly in 80 ddb etc
G
by G####:
by G####:
Excellent application. I found it so easy to calculate my tax liability. Indebted to the developers
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NYC app
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by X####:
by X####:
Very good
H
by H####:
by H####:
The Best
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by T####:
by T####:
Good app
R
by R####:
by R####:
liked ..easy
X
by X####:
by X####:
Good one
G
by G####:
by G####:
This is very useful app.
Z
by Z####:
by Z####:
Very good app it very usefull
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by P####:
by P####:
Better for tax payers.
by Y####:
What about rental income ? It is not income from house property. 30% rebate is given on rental income