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ITR Schedules Calculator

Calculate data for ITR Schedule S (Income from Salary), Schedule HP (Income from House Property), Schedule OS (Income from Other Sources), Schedule CG (Income from Capital Gains), Schedule VI-A (Deduction available under Chapter VI) and Schedule DPM and DOA (Depreciation0 for compiling your Income Tax Return.

ITR Schedule S : Calculate Taxable Income from Salary

1Salary (Excluding all exempt / non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below)
2Allowances exempt under section 10 (Not to be added to Total Taxable Income from Salary)
3Allowances not exempt (refer Form 16 from employer)
4Value of perquisites (refer Form 16 from employer)
5Profits in lieu of salary (refer Form 16 from employer)
6Total Taxable Income from Salary ( 1+ 3 + 4 + 5 )

ITR Schedule HP : Calculate Taxable Income from House Property

A. Calculation of Income from House Property No. 1
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( If property is let out )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5Sub Total ( A3 + A4 )
6Balance ( A2 - A5 )
730% of A6
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 1 ( A6 - A7 - A8 )
B. Calculation of Income from House Property No. 2
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( For let out properties only )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5Sub Total ( B3 + B4 )
6Balance ( B2 - B5 )
730% of B5
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 2 ( B6 - B7 - B8 )
C. Calculation of Income from House Property No. 3
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( For let out properties only )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5Sub Total ( C3 + C4 )
6Balance ( C2 - C5 )
730% of C5
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 3 ( C6 - C7 - C8 )
D. Calculation of total income under Head "Income from House Property"
1Rent of earlier years realized under section 25A/AA
2Arrears of rent received during the year under section 25B after deducting 30%
3Total Taxable Income under Head "Income from House Property"
D3=A9 + B9 + C9 + D1 + D2

ITR Schedule OS - Calculate Taxable Income from Other Sources

1Interest Income
2Taxable Dividends Income, if any
3Rental income from machinery, plants, buildings etc.
4Others, Gross (excluding income from owning race horses)
i.Winnings from lotteries, crossword puzzles etc.
ii.Other income i
iii.Other income ii
5Total 1 + 2 + 3 + 4
6Income included in 5 chargeable to tax at special rates
iWinnings from lotteries, crossword puzzles etc.
iiAny other income chargeable to tax at special rate specified under Chapter XII/XII-A
iiiIncome chargeable to tax under DTAA (For Non-residents)
7Income chargeable at Special Rates
8Gross Income chargeable at Normal Applicable Rates
9Deductions under section 57 (other than those relating to income under 6i, 6ii and 6iii
i.Expenses / Deductions
ii.Depreciation
10Income from other sources (other than from winning race horses and amount chargeable to tax at Special rates)
11Income from other sources (other than form owning race horses)
12Computation of Income from the activity of owning and maintaining race horses
i.Receipts
ii.Deduction under section 57 in relation to 11
13Income from the activity of owning and maintaining race horses
14Income under the head "income form Other Sources"

ITR Schedule VI-A : Calculate Deductions Available under Chapter VI

Note : You may use Tax Saving Calculator to know the available deductions and its effect on tax liability.

Select Status
SectionAvailable toBrief Information about the SectionAmount
80CIndividual and HUFFor amounts paid / contributed / invested in PF, PPF, NSC, Life Insurance, Eligible MFs, Tuition Fee, Repayment of Home Loan etc. Max. ₹ 1.50 lac
80CCCIndividualFor contributions to certain pension funds Max. ₹ 1.50 lacs
80CCD1IndividualFor assessee's contributions to pension scheme of Central Government Max. ₹ 1.50 lac
Total of Deductions u/s 80C, 80CCC and 80CCD(1) - Max. ₹ 1.50 lakh
80CCD(1B)IndividualFor Additional Contribution to New Pension Scheme (NPS) Max. ₹ 50,000/-
80CCD2IndividualFor employer's contributions to pension scheme of Central Government Max. 10% of salary
80CCGResident IndividualResident Individual having Gross Total income upto ₹ 12 lac. For investment in Equity Saving Scheme Max. ₹ 25,000/-
80DIndividual and HUFHealth Insurance - Self & family Max. ₹ 50,000/- for Senior Citizens & ₹ 25,000/- for others
80D Individual and HUF.For Health Insurance of parents. Max. If parents are Senior Citizen ₹ 50,000/-, else ₹ 25,000/-
80DDResident Individual and HUFFor maintenance / medical treatment of dependent having disability Max. ₹ 1.25 lac.
80DDBResident Individual and HUFFor medical treatment of specified diseases. Max. ₹ 1,00,000/- in case of Senior and Very Senior Citizens and ₹ 40,000/- for others
80EResident Individual and HUFFor interest on loan taken for higher education
80GAll assesseesFor donations to certain funds, charitable institutions, etc.
80GGIndividual not receiving HRAFor house rent paid Max. ₹ 60,000/-
80QQBResident Individual authorsFor royalty on books Max. ₹ 3 lac
80RRBResident Individual PatenteeFor royalty on patents Max. ₹ 3 lac
80TTAIndividual below 60 years of ageFor interest on deposit in savings account Max. ₹ 10,000/-
80TTBResident Individual above 60 years of ageFor interest on deposit with banks / post offices Max. ₹ 50,000/-
80UResident IndividualFor a person with disability Max. ₹ 75,000, in case of severe disability ₹ 125,000/-
Any other eligible deduction
Total Deductions from Taxable Income

ITR Schedule EI : Calculate Exempt Income

ParticularsAmount
Interest
Dividends
Income of minor children upto a maximum of ₹ 1500/- per child.
Net Agricultural Income *
Long-term capital gains from transactions on which Securities Transaction Tax is paid
Other Exempt Income, if any
Total Amount of Exempt Income
* Pease note that if Agricultural Income is more than ₹ 5,000/-, it is to be included in total income for rate purpose.

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Modified : Jan 24, 2019