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Income Tax Calculators(Form 16) for Government Employees

INCOME TAX FORM 16 CALCULATOR FOR GOVERNMENT EMPLOYEES AY 2017-18: TDS certificate form 16: Form 16 is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees.

These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.

INCOME TAX FORM 16 CALCULATOR FOR GOVERNMENT EMPLOYEES
(Certificate u/s 203 of the Income Tax Act 1961 for Tax Deducted at Source on Salary)
Details of Salary Paid & Other Income and Tax Deducted Amount (in Rs.)
1 Gross Salary
2 Less:Allowance to the extent exempt u/s 10
3 Balance (1-2)
4 Deduction:
(a)Entertainment Allowance
(b)Tax on Employment
5 Aggregate of 4 (a) & (b)
6 Income chargeable under the Head Salaries (3-5)
7 Add:Other Income reported by the Employee
(a) Income/Loss from House Property
(b)Income from other sources
8 Gross Total Income (6+7)
9 Deductions Under Chapter VI-A(80C, 80CCC & 80CCD) (Max.1,50,000)
GPF
CGEGIS
LIC
Tuition Fees
PLI
NSC
HBA Principal
PPF
ULIP
Pension Fund
IDBI/ICICI/Other Savings
Contribution to DCPS
Medical Insurance
Physically Handicapped Relif
CONTRIBUTION TO PM/CM R.FUND
PHYSICALLY HANDICAPPED SELF
10 Aggregate of Deductable Amount Chapter VI-A
11 Total Taxable Income (8-10)
10% ()
20% ()
30% ()
12 Tax on Total Income
13 Rebate U/C 87A
14 Net Taxable Income
15 Surcharge
16 Educational Cess 3%
17 Tax Payable

INCOME TAX CALCULATOR – PRE & POST BUDGET 2017

[Note: All the figures are indicative]

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