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Non-Resident : Income Tax Calculator AY 2022-23 / AY 2021-22

Assessment Year

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

Abbreviations used :
ERExisting Regime (Tax Provisions) i.e. Not opted for Section 115BAC and Existing Income tax provisons and tax rates are applicable.
NRNew Regime (Tax Provisions) i.e. Opted for Section 115BAC and New Income tax provisons and tax rates are applicable.
AIncome 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 u/s 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)

BIncome (Profit) from Business / Profession
CIncome / 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

DIncome 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
EIncome 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 form Other Sources, if ER
Total Income form Other Sources, if NR
FAgricultural Income (For Rate purpose)
GGross Income, if ER
Gross Income, if NR
HEligible Deductions, if ER
Eligible Deductions, if NR
1Sec. 80C
2Sec. 80CCC
3Sec. 80CCD1
4Total of Deductions u/s 80C, 80CCC and 80CCD(1) (Max. ₹ 1.50 lakh
5Sec. 80CCD2
6Sec. 80D (Health Insurance - Self & family)
7Sec. 80D (Health Insurance - Parents
8Sec. 80E
9Sec. 80EE
10Sec. 80EEA
11Sec. 80EEB
12Sec. 80G
13Sec. 80GG
14Sec. 80RRB
15Sec. 80TTA
16Any other eligible deduction
17Total Deductions from Taxable Income, if ER
Total Deductions from Taxable Income, if RR

ITaxable Income, if ER
Total Taxable Income, if NR
JIncome taxable at Special Rates, if ER
Income taxable at Special Rates, if NR
KIncome taxable at Normal Rates, if ER
Income taxable at Normal Rates, if NR
JTax 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
Income Taxable atExisting RegimeNew Regime
IncomeIncome TaxIncomeIncome Tax
Exempt Income
5%
10%NANA
15%NANA
20%
25%NANA
30%
Special Rates
Total

Tax Liability DetailsExisting RegimeNew Regime
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.

What calculations are made by this calculator?

This calculator for Non-resident Individual assessees for AY 2021-22 calculates Taxable Income at taxable at Special and Normal Rates by computing income from all sources viz. Salary and Allowances, House Property, Capital Gains, Income from other sources, Agriculture Income etc., Income Tax Liability as per New and Existing Tax Regime (Tax Provisions) and Income net of Tax liaility

You can calculate and compare your Taxable Income and Income Tax liability under Existing and New Tax Regimes ( Provisions ) and select the better option.

What is Option for Existing and New Regimes ( 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 to opt for Section 115BAC. In case Section 115BAC is opted the computation of income will be as per the provisions of Section 115BAC and New Tax Rates are applicable. In case Section 115BAC is not opted the computation of income will be as per the Existing Provisions and Existing Tax Rates are applicable.

What is New Tax Regime?

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 New Income tax rates shall be applicable.

S. No.Total IncomeNew Tax RatesExisting Tax Rates
1Upto Rs 2,50,000NilNil
2From Rs 2,50,001 to Rs 5,00,0005%5%
3From Rs 5,00,001 to Rs 7,50,00010%20%
4From Rs 7,50,001 to Rs 10,00,00015%20%
5From Rs 10,00,001 to Rs 12,50,00020%30%
6From Rs 12,50,001 to Rs 15,00,00025%30%
7Above 15,00,000/-30%30%
Surcharge
( subject to Marginal Relief )
10% of Income Tax, in case taxable income is above ₹ 50 lacs.
15% of Income Tax, in case taxable income is above ₹ 1 crore.
25% of Income Tax, in case taxable income is above ₹ 2 crore.
37% of Income Tax, in case taxable income is above ₹ 5 crore.
Health & Education Cess4% of (Income Tax + Surcharge).
For more details on Section 115BAC, please refer to the Finance Act No. 12 of 2020

Updated : Mar 28, 2021