Documentation of how to use Income Tax calculator

Inputs

First select from the age range given in the option, then select from the category of the city you live in.

Now the proper inputs are to be given so that the income tax is calculated:

1. Income in Rupees
2. Other income sources

1. HRA Allowance
2. HRA Allowance used
3. Dearness Allowance
4. Special Allowance

1. EPF Contribution by self
2. PPF
3. Fixed Deposits
4. ELSS Mutual funds
5. Term Insurance
6. Health Insurance premium for self / parents
7. NPS Investments
8. Donation to Charities

This application can be used for income tax calculation of a resident salaried individual for the F.Y. 2022-23 (A.Y. 2023-24)

The Calculations are done considering the old regime (ignoring 115BAC)

Now, Wait for calculations and look at the outputs