Tax calculation after free limit

Tax will be calculated on Rs. 600000 as per the slab rate.

Your tax amount for Fy 2014-15 will be 600000  - Investments such as PF, PPF, NSC, Mediclaim etc. (Refer Deductions under Chapter VIA) - 250000 (Free limit)

Assume Chapter VI A deductions are 165000 then your tax amount would be

600000 - 165000 = 435000 - 250000 = 18500

Since your net income is 435000 which is below 500000, you can claim rebate u/s 87A up to Rs 2000/-

And therefore total tax would be 16500 + 3% cess = 16995/-  r/o to Rs 17000/- 

Your Self Assessment tax would be 17000 - TDS - Advance Tax paid if any

Use online efiling portal quick efiling option and all the calculations will be done for you automatically and 26AS data will get auto populated.