CalcAnnual Tax Liability Estimator
Quickly check your annual tax liability and verify your Form 16 details. Validate deductions, surcharge, cess, and rebates easily.
Tax Refundable
Formula & Calculation
Net Tax Payable = (Income Tax + 4% Cess) - TDS Deposited- Taxable Salary: Your gross salary minus standard deduction.
- TDS Deposited: Tax already deducted by your employer as shown in Form 16 / 26AS.
How to Use
- Enter your gross taxable income.
- Select your preferred tax regime (Old vs New).
- Enter the TDS amount already deducted by your company.
- View whether you need to pay additional tax or qualify for a refund.
Frequently Asked Questions
What is Form 16 in India?
Form 16 is a certificate issued by your employer detailing the total salary paid to you and the TDS deducted and deposited with the government during the fiscal year.
Why should I cross-check my Form 16?
Cross-checking helps detect errors in deductions, mismatch in TDS entries (Form 26AS), or verify if all declarations (80C, HRA) were processed correctly.
What is the tax rebate under Section 87A?
Under Section 87A, individuals with taxable income up to ₹7 Lakhs in the New Regime get a full tax rebate, making their tax liability zero. In the Old Regime, the rebate applies up to ₹5 Lakhs.
What is Health and Education Cess in India?
It is an additional tax of 4% levied on the total income tax amount calculated before surcharge to support government education and health initiatives.
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