Use of Income Tax Calculator

Once you enter these details, subsequent fields open up where you can enter your investment details enter your investment amount under section 80C and 80CCD(1B)Enter your medical insurance premium u/s 80D, if you have a health insurance policy if you live in a rented property, enter your HRA exemption. You can calculate your HRA exemption here If you have a home loan you’re paying back, enter the interest paid, as the same is eligible for deduction from taxable income if you have an educational loan you’re paying back, enter the interest paid, as the same is eligible for deduction from taxable income Note: Whichever fields are not applicable, you can enter 0 You can see your taxable income and the tax payable on the Summary tab!

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