How to calculate income tax

BASIC

DA

HRA

     Less Exemption u/s 10 (13) A

Conveyance Allownce

     Less Exemp. u/s 10 (14)(i)

Uniform Allownce

     Less Exemp. u/s 10 (14)(i)

GTI

Less: deduction under ch. VI A

80C to 80U

Taxable Income

Tax On taxable income

Less Rebate u/s 87 A

Net Taxliability

Ed. Cess 3% of net tax liability

Total Tax Liability

u/s 80 C 100000

U/S 80 D 15000