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Non-Resident : Income Tax Calculator

What calculations are made by this calculator?

This calculator carries out following calculations for Non-resident Individual assessees for AY 2020-21 and AY 2021-22 :

  • Calculates Taxable Income by computing income from all sources viz. Salary and Allowances, House Property, Capital Gains, Income from other sources, Agriculture Income etc. for the assessment year.
  • Calculates Income taxable at Special Rate for computing the Taxable Income.
  • Calculates Income net of Income Tax Liability for the assessment year.
  • Calculates and shows Income Tax with slab-wise Income details.
  • Calculates Surcharge net of Marginal Relief *, wherever applicable.

What is Option for computation of Income as per provisions of Section 115BAC (New proposed section) and Lower Tax rates

From Assessment Year 2021-22, Individuals and HUFs (including Resident Individuals below 60 years of age, Senior Citizens and Very Senior Citizens) will have option for computation of income as per provisions of Section 115BAC (new section proposed to be introduced).

If an Individual / HUF opts for Section 115BAC, no exemption or deduction under the provisions of clause (5) or clause (13A) or prescribed under clause (14) (other than those as may be prescribed for this purpose) or clause (17) or clause (32), of section 10 or section 10AA or section 16 or clause (b) of section 24 (in respect of the property referred to in sub-section (2) of section 23) or clause (iia) of sub-section (1) of section 32 or section 32AD or section 33AB or section 33ABA or sub-clause (ii) or sub-clause (iia) or sub-clause (iii), of sub-section (1) or sub-section (2AA), of section 35 or section 35AD or section 35CCC or clause (iia) of section 57 or under any of the provisions of Chapter VI-A other than the provisions of sub-section (2) of section 80CCD or section 80JJAA from income will be available and following Income tax rates shall be applicable:

S. No.Total IncomeTax Rate
1Upto Rs 2,50,000Nil
2From Rs 2,50,001 to Rs 5,00,0005 per cent
3From Rs 5,00,001 to Rs 7,50,00010 per cent
4From Rs 7,50,001 to Rs 10,00,00015 per cent
5From Rs 10,00,001 to Rs 12,50,00020 per cent
6From Rs 12,50,001 to Rs 15,00,00025 per cent
7Above 15,00,000/-30 per cent
For more details on Section 115BAC, please refer to the Finance Act No. 12 of 2020

Income Tax & Taxable Income Calculator for Non-residents (Existing + New Rates)

Abbreviations used :
ERExisting Income tax rates are applicable (Not opted for Provisions of Section 115BAC).
NRRevised Income tax rates are applicable (Opted for Provisions of Section 115BAC).
A.Income from Salary / Pension, if ER (Exisiting Regime)
Income from Salary / Pension, if NR (New Regime)
1Total Salary/Pension (Excl. Standard Deduction, all exemptions, allowances, perquisites & profit in lieu of salary)
2If ER, less : Standard deduction u/s Sec 16(i)
3If ER, less : Entertainment Allowance u/s Sec 16(ii).
4If ER, less : Employment (Profession) Tax paid u/s Sec 16(iii).
5If ER, less : Allowances Exempt under Section 10(5), 10(13A), 10(14), 10(17) and 10(32).
6Less: Any other allowance(s) exempt under other section 10
7Add: Allowances not exempt
8Add: Value of Perquisites and / or Fringe Benefits
9Add: Profits in lieu of Salary
10Total Taxable Income from Salary (if ER)
Total Income from Salary (if NR)

B.Income (Profit) from Business / Profession
C.Income / Loss from House Property, if ER
Income / Loss from House Property, if NR
1Whether Property is Rented of Self Occupied
2Annual Lettable Value or Rent Received or Receivable (Zero, if Self occupied)
3Amount of Rent, which cannot be realized (Zero, if Self occupied)
4Taxes paid to Local Authorities (Zero, if Self occupied)
5Annual Value of Property ( 2 - 3 - 4 )
630% of 5
7Interest payable on borrowed capital (Max. ₹ 2 lacs)
8Income / Loss (-ve) from House Property, if ER
Income / Loss (-ve) from House Property, if NR

D.Income from Capital Gains
1Short Term Capital Gain - Taxable at Normal Rates
2Short Term Capital Gain (u/s 111A) - Taxable @ 15%
3Long Term Capital Gain - Taxable @ 20%
4Long Term Capital Gain - Taxable @ 10%
5Total Income from Capital Gains
E.Income from Other Sources
1Income - Taxable at Normal Rates
2Income - Taxable at Special Rates
ParticularsTax RateIncome
Winnings from Lottery, Puzzle, Crossword etc.30
Any other income taxable at Special Rate
3Total Income, if ER
Total Income, if NR
F.Agricultural Income (For Rate purpose)
G.Total Income, if ER
Total Income, if NR
H.Eligible Deductions, if ER
Eligible Deductions, if NR
1Deductions under Sec. 80C
2Deductions under Sec. 80CCC
3Deductions under Sec. 80CCD1
4Total of Deductions u/s 80C, 80CCC and 80CCD(1) (Max. ₹ 1.50 lakh
5Deductions under Sec. 80CCD2
6Deductions under Sec. 80D (Health Insurance - Self & family)
7Deductions under Sec. 80D (Health Insurance - Parents
8Deductions under Sec. 80E
9Deductions under Sec. 80EE
10Deductions under Sec. 80EEA
11Deductions under Sec. 80EEB
12Deductions under Sec. 80G
13Deductions under Sec. 80GG
14Deductions under Sec. 80RRB
15Deductions under Sec. 80TTA
16Any other eligible deduction
17Total Deductions from Taxable Income, if ER
Total Deductions from Taxable Income, if RR

I.Total Taxable Income, if ER
Total Taxable Income, if NR
J.Income taxable at Special Rates, if ER
Income taxable at Special Rates, if NR
K.Income taxable at Normal Rates, if ER
Income taxable at Normal Rates, if NR
J.Tax already paid
1Tax Deducted at Source
2Tax Collected at Source
3Advance Tax paid
4Self Assessment Tax paid
5Total Tax paid
Slab-wise Taxable Income and Income Tax
DescriptionAY 2020-21
AY 2021-22, If ER
AY 2021-22, If RR
IncomeIncome TaxIncomeIncome Tax
Exempt Income
Income taxable at 5%
Income taxable at 10%NANA
Income taxable at 15%NANA
Income taxable at 20%
Income taxable at 25%NANA
Income taxable at 30%
Income taxable at Special Rates
Total
Tax Liability DetailsAY 2020-21
AY 2021-22, If ER
AY 2021-22, If RR
Less: Relief u/s 87A (For Individuals having taxable income upto ₹ 5.00 lacs)
Less: Income Tax on Agricultural Income included above
Income Tax
Surcharge on Income Tax (10% / 15% / 25% / 37% of Income Tax if taxable income is above ₹ 50 lac / 1 Cr. / 2 Cr. / 5 Cr. respectively)
Less: Marginal Relief (If taxable income marginally exceed ₹ 50 lac / 1 Cr.)
Net Surcharge
Income Tax + Net Surcharge
Health & Education Cess
Gross Income Tax Liability
Less: Tax relief under sections 89, 90 and 91
Net Income Tax Liability
Add: Interest Payable under Sections 234A, 234B and 234C
Total Income Tax Liability
Income Tax Payable / Refund (-)
Income Net of Income Tax Liability
Calculate interest under Section 234 A, B and C
Important : This calculator is an easy online tool for quick basic calculation and cannot give correct calculation in all circumstances. The exact calculation may be made after taking into account all applicable provisions of Income Tax Act / Rules.

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Updated : Feb 03, 2020