Income Tax (India) Calculator for Financial Year 2007-2008 (Assessment Year 2008-2009) Currently available only for Salaried people with only one Form 16. Please fill the following details from your Form 16 This IT Calculator serves only as a reference.
Please consult your Tax Professional before filing your returns.
SISHRI is not responsible for any disputes that may arise.

The tax payer is a Female Male

Gross Salary	Rs.
Value of Perquisities	Rs.
Profits in lieu of Salary	Rs.
Basic	Rs.
D.A.	Rs.
Were you working in Chennai or New Delhi or Kolkatta or Mumbai during Financial Year 2007-2008?	Yes No
HRA	Rs.
Total Rent Paid	Rs.
Non-Taxable Conveyance (Max Rs. 9600)	Rs.
Profession (Employment) Tax	Rs.

Any Other Income

Capital Gains	Rs.
Profits and Gains of Business or Profession	Rs.
Dividends	Rs.
Interest	Rs.
Income from Other Sources	Rs.

Deductions under Chapter VIA

80C
Provident Fund (PF)	Rs.
LIC Premium	Rs.
National Savings Certificate (NSC)	Rs.
Public Provident Fund (PPF)	Rs.
Unit Linked Insurance (ULI)	Rs.
Equity Plan	Rs.
Housing Loan - Principal Amount	Rs.
National Savings Scheme (NSS)	Rs.
Educational Expenses	Rs.
Infrastructure Bonds	Rs.
Mutual Funds	Rs.
Term Deposits	Rs.
Others	Rs.
80CCC
Deduction for New Personal Cum Family Pension Scheme	Rs.
80CCD
Deduction in respect of contribution to pension scheme of Central Government	Rs.

80D - Health Insurance (Max Rs. 15,000)	Rs.
80DD - Deduction for Physically Handicapped & Disabled Dependent (Max Rs. 50,000)	Rs.
80DDB - Deduction for Medical Treatment of Serious Ailments (Max Rs. 40,000)	Rs.

80E - Deduction in respect of Repayment of Loan Taken for Higher Education (Max Rs. 40,000)

Rs.

80G - Donations

100% Non-taxable	Rs.
50% Non-taxable	Rs.

80U - Deduction for Handicapped Persons (Max Rs. 75,000)

Rs.

Tax Deducted at Source (TDS)

Rs.

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