Income Tax Calculator for Karnataka govt employees

Income Tax Calculator

Are you salaried or a citizen? Salaried Citizen

Select "Salaried" if you are a salaried employee. Otherwise, select "Citizen" if you are not salaried.

Gross Income:

Enter your total annual gross income before any deductions.

Other Source of Income:

Enter the total income earned from other sources, such as rental income, interest, or freelance work.

Deductions under Section 80C:

Provide the total amount of eligible deductions under Section 80C, such as PPF, EPF, NSC, tax-saving fixed deposits, life insurance premiums, Sukanya Samriddhi Account contributions, or home loan principal repayment. The maximum allowed is ₹150,000.

Deduction under Section 80CCD(1B) (Max 50000):

Enter the amount contributed to the National Pension Scheme (NPS). Only a maximum of ₹50,000 will be considered for this deduction.

House Rent Allowance (HRA):

Enter the HRA received and ensure that you calculate the eligible amount based on rent paid and other criteria.

Rent Paid (Section 80GG):

If you don't receive HRA but pay rent, provide the annual rent paid. The maximum deduction is ₹60,000 or as per eligibility.

Home Loan Interest (Section 24(b)):

Enter the total interest paid on a home loan. The maximum deduction allowed is ₹200,000 for a self-occupied property.

Medical Insurance Premium (Section 80D):

Provide the total amount paid for medical insurance premiums for yourself and your family.

Interest on Education Loan (Section 80E):

Enter the total interest paid on education loans during the financial year.

Tax Deductions for Donations (Section 80G):

Enter the total amount donated to eligible charitable organizations. Ensure that the donations qualify for deductions under Section 80G.