Tax calculation ay2015-16

Dear Sir,

Would advise you to share the computations here.  Hard to advise on exact numbers when it comes to tax without looking at the actual data

Thanks Nikhil ji,

it was an error on my part, as there was no provision in the calculator for Exempt income like pf, gratuity, commuted pension etc. I have put the sum total in deductions column which resulted 0 tax. But i am still not clear how can any one have 30 lacs or more as deduction under what section one can get such huge deduction, the calculator does not stop any amount. I will any how wait for the new ITR2 so called simplified form to be published on the website and practice as they extended the submission time to Aug'15, I could have got interest of Apr,May,Jun, July & Aug on the Adv tax i paid.

GR Babu

Sir PF is fully exempt. Gratuity could be exempt upto rs 10 lakhs, commuted pension also has a considerable limit.

Rest I suggest that in case of confusion, seek local professional help for filing the return