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Helps compute the relief u/s. 89 of IT Act.
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MainPlease fill while coloured cells only to calculate relief u/s 89 of Income Tax Act 1961NoType 1Type 2Type 3Type 4ControlAssesseeFYAYNil upto@ 10%@ 20%@ 30%Base TaxSurchargeEducation CessEducation cessSurcharge RateDed u/s 87AMarginal ReliefNet Marginal ReliefNet Tax PayableControlAssesseeFYAYNil upto@ 10%@ 20%@ 30%Base TaxSurchargeEducation CessEducation cessSurcharge RateDed u/s 87AMarginal ReliefNet Marginal ReliefNet Tax Payable500,000.00760,000.002nd year500,000.002nd year560,000.003rd year500,000.003rd year560,000.004th year500,000.004th year560,000.005th year1,500,000.005th year1,560,000.0081811Individual (Men) below 65 Years of ageWomen below 65 Years of ageSenior Citizen (i.e above 65 years)11Individual2006-072007-080.070,000.00135,000.00190,000.00190,000.000.05,700.00@ 3%0.00.00.0195,700.0011Individual2006-072007-080.0120,000.00235,000.00340,000.00340,000.0034,000.0011,220.00@ 3%0.1000(266,000.00)0.0385,220.00S.NPrevious Year / Financial Year in which additional salary is receivedYearIndividual (Men & Women) below 60 Years of age2Individual (Men) below 65 Years of ageWomen below 65 Years of ageSenior Citizen (i.e above 65 years)12Women