Tax on ₹35,000.00

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India Tax Calculation for a salary of ₹35,000.00

This tax illustration is for a an Individual tax payer, filing as a Resident, earning ₹35,000.00 per year.

The India Tax Calculator is the most comprehensive online Tax calculator and allows you to calculate your tax deductions simply by entering your Gross income.
Alternatively, you can select the advanced tax calculator options and enter specific information about your pension, personal tax circumstances and other earnings.
The Tax Calculator is update with the 2015 tax slabs and will produce a full tax analysis and breakdown providing you with tax return illustration and estimation of any tax rebates due.
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₹35,000.00: India Tax Calculator 2015/2016 Assessment Year
Gross Income for Tax Purposes₹35,000.00
-Total Deductions₹0.00
-Income Tax Due
-Education Cess Tax Due

=Take Home Pay 2015₹35,000.00
Additional Taxes Due
Lottery and Capital Gains Tax Due
₹35,000.00: Income Tax Calculation 2015
Earning BracketTax RatexTaxable Earnings This Bracket=Tax Due
₹0.00 to ₹2,50,000.000%x₹35,000.00=₹0.00

=Sub total (based on 2015 income tax slabs):
₹35,000.00: Income Tax Deductions 2015
Tax DeductionAmount
+Life Insurance Premium₹0.00
+Annuity Plans₹0.00
+Public Provident Fund (PPF)₹0.00
+National Savings Certificates (NSC)₹0.00
+Unit Linked Insurance Plan (ULIP)₹0.00
+Employee National Pensions Scheme (NPS) (section 80CCD Pt1)₹0.00
+Housing Loan Interest₹0.00
+Child Tuition Fees₹0.00
+Fixed Deposits₹0.00
+National Pensions Fund (NPF)₹0.00
+Other Deductables₹0.00

Sub Total₹0.00
+Long Term Infrastructure Bond (Not allowed in 2015-2016 Assessment Year)₹0.00
+Medi Claim Premium₹0.00
+Equity Linked Savings Scheme Investment₹0.00
+Interest on Saving Account Deposits₹0.00
+Interest on Residential House₹0.00
+Employer National Pensions Scheme (NPS) (section 80CCD Pt2) ₹0.00
+Interest on loan taken for Residential House₹0.00
+Medical treatment of dependent₹0.00
+Person with disability₹0.00

Total Deductions₹0.00
Education CESS Tax Calculation 2015
Tax RatexTaxable Earnings This Bracket=Tax Due
+2%x=
+1%x=

=Sub total (based on 2015 Education Cess Tax):
Lottery and Capital Gains Tax Due
Lottery Tax Due₹0.00x30%=₹0.00
+Short Term Capital Gains (111A)₹0.00x15%=₹0.00
+Long Term Capital Gains (10%) Tax Due₹0.00x10%=₹0.00
+Long Term Capital Gains (20%) Tax Due₹0.00x20%=₹0.00

=Total

How did we calculate this ₹35,000.00 tax illustration?

Thanks for using iCalculators Indian Tax Calculator 2015. This tax example has been calculated using the 2015 income tax slabs and includes the following elements.

Tax Illustration Considerations
Gross Income₹35,000.00
Assessment Year2015 - 2016
Tax Payer TypeIndividual
Tax Payer StatusResident

Additional Assessment Year / Circumstance Considerations

Long-term infrastructure bonds (u/s 80CCF) are not applied in the 2015-2016 assessment year.

Did you know? You can change the setting below by selecting the advanced setting on the 2015 Tax Calculator

The India Tax Calculator is designed for illustration purposes only. Whilst we aim to deliver high accuracy, we make no guarantees on the accuracy of the calculations made.

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