Income Tax Calculator 2023| Calculate Tax Payable for FY2022-23

Calculate income tax payable for the assessment year 2023-24 (ie., income generated during the period April 1, 2022 to March 31, 2023) using the tax planner below. This is a simple and easy to use online Income Tax calculator for Financial Year 2022-23. Input the income and expense details to find out your taxable income. This tax calculator also tells you where you are in the Income Tax slab, and also provides information on the payment of advance tax.

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Income Tax Calculation 2023-24

Assessment Year

Tax Payer

Male/Female/Senior Citizen

Residential Status

Income

All the fields are to be entered per annum.

Net Taxable Income

Gross Salary

Gross Salary includes Salary, Bonus, Perquisites, Compensation etc.

Section 10 Exemptions

Allowances exempt under Section 10 are HRA, LTA, Medical, Telephone, Petrol etc.

Section 16 Deductions

Deductions under Section 16 are Professional Tax / Tax on Employment, Entertainment Allowance.

Other Sources Income

Income under other sources are Family pension, Interest income.

Chapter VI A Deductions

Deductions under Section 80C to 80U, includes SPF, RPF, Medical Insurance Premium, LIC, Donations, Housing & educational loans etc.

RESET

Income Tax Slab For Financial Year 2022-23

General	Women	Senior Citizen	Super Senior Citizen	Income Tax
0-250000	0-250000	0-300000	0-500000	No Tax
250000-500000	250000-500000	300000-500000	-	10%
500000-1000000	500000-1000000	500000-1000000	500000-1000000	20%
Above-1000000	Above-1000000	Above-1000000	Above-1000000	30%

Income tax calculator 2022-23

Disclaimer:While all efforts are made to provide accurate results, this online tax calculator should only be used as an indicator. Your net taxable amount may differ depending upon other factors in your income. Kindly talk to your advisor for more details.