IBNLive News | Indian Budget 2008

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This calculator will help you to find out the Tax implication on your total income.

Enter your gross taxable income after considering all eligible tax deductions except deduction under section 80C (Rs.)
Enter the amount you have invested/paid for deduction under section 80C. Note: Aggregate deductions under Sections 80C, 80CCC and 80CCD shall not exceed Rs 1 lakh. (click here for explanation of section 80C)
Enter your age (in completed years)
Enter 1 if you are a woman, else enter 2

Your taxable income after considering tax deductions is (Rs.)
Tax payable by you including education cess and surcharge, if any is (Rs.)
Your effective tax rate (the actual tax rate applicable to you) is (%)

Budget Jargon

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C.D. Deshmukh was the first Indian Governor of RBI to have presented the Interim Budget in 1951-52.read