TAXXCEL'S
I
Income from Salary
II
Income from House Property
Current year’s interest
plus 1/5th of interest pertaining to pre-construction period
III
Capital Gains
IV
Income from Other Sources
V
Profits and Gains of Business or Profession (enter profit only)
VI
Agricultural Income
VII
Deductions from Gross Total Income
Taxable Income
Income Liable to Tax at Normal Rate
---
Short Term Capital Gains (Covered u/s 111A)
15%
Long Term Capital Gains (Charged to tax @ 20%)
20%
Long Term Capital Gains (Charged to tax @ 10%)
10%
Winnings from Lottery, Crossword Puzzles, etc.
30%
Income Tax Payable
Surcharge
Education Cess @ 2%
Secondary and Higher Education Cess @ 1%
Total Tax Liability
As per the Finance Act, 2015
Home