Comment posted on Income tax calculator for India by Acharya.
Please help me calculate my payable income tax. I have tried various options, but could not understand. My company is tax exempted, but as employees we need to pay individually. My basic salary per annum is 2.86 lac ( total CTC is 4.60 lac per annum that includes HRA, LTA, PF, Medical and communication allowance), and the total savings under various tax schemes like LIC, MF is around 60k.