Income Tax per Old Regime
About
- The API calculates Income Tax Liability as per Old Regime.
- The API requires information as a JSON
Request Bodyand calculatesgross_taxable_income,tax_on_total_incomeand other information (check the response below).
Definitions
- Income Tax Liability is calculated as per New Regime or Old Regime.
Know More
Endpoint
HTTP Method | Endpoint | Description |
|---|---|---|
POST | /calculators/income-tax/old | A Request Body (JSON) is uploaded for calculating the Income Tax Liability as per old Regime. |
Request Body
Field | Description | Example | Type |
|---|---|---|---|
financial_year | FInancial year for which Income Tax has to be calculated. | FY 2020-21 |
|
pan | PAN number of the taxpayer. | XXXPX0000X |
|
filing_category | Category of the type of filing | General |
|
residential_status | Resident, Not Ordinarily Resident or Non-resident. | Resident |
|
basic_salary | Basic Salary of Taxpayer. | 720000 |
|
hra_received | Home Rent Allowance | 120000 |
|
rent_paid | Actual Rent Paid | 240000 |
|
address | Address of the Taxpayer | "city": "Mumbai" |
|
other_allowances | Othe Taxable Allowances given to Taxpayer/ | 50000 |
|
interest_paid_on_let_out_hp_loan | Interest on Borrowed Capital on Home Loan. (Rented out) | 20000 |
|
rent_received | Rent recieved from *home rental. | 350000 |
|
property_tax_paid | Municipal Tax paid on home ownership. | 12000 |
|
interest_paid_on_self_occupied_hp_loan | Interest on Borrowed Capital on Home Loan. (Self occupied) | 0 |
|
savings_interest | Savings Account Interest | 11000 |
|
fd_interest | Fixed deposit Interest | 50000 |
|
dividend_income | Divdende Income. | 12000 |
|
other_income | Other Income | 100000 |
|
stcg_15 | Short Term Capital Gains 15% | 0 |
|
stcg_30 | Short Term Capital Gains 30% | 0 |
|
stcg_slab | Short Term Capital Gains slab | 0 |
|
ltcg_10 | Long Term Capital Gains 10% | 0 |
|
ltcg_20 | Long Term Capital Gains 20% | 0 |
|
regular_business_turnover | Business Turnover | 0 |
|
regular_business_profit | Business Profits | 0 |
|
speculative_business_turnover | Speculative Business Turnover | 0 |
|
speculative_business_profit | Speculative Busines Profit | 0 |
|
elss | Section 80C - ELSS investments | 50000 |
|
nps | Section 80C - NPS investments | 50000 |
|
ppf | Section 80C - PPF investments | 50000 |
|
epf | Section 80C - EPF investments | 0 |
|
lic_premium | Section 80C - LIC Premium investments | 50000 |
|
other_investment | Section 80C - Other investment | 0 |
|
deduction_80_ccd_1_b | Employee's contribution made u/s 80CCD(1B) | 30000 |
|
deduction_80_ccd_2 | Employer's contribution made u/s 80CCD(2) | 0 |
|
deduction_80_d_self | Medical - For Self and Family | 25000 |
|
deduction_80_d_parents | Medical - For Parents | 0 |
|
deduction_80_d_parents_senior | Medical - For Parents (Sr. Citizen) | 0 |
|
deduction_80_g | Donation to Charity u/s 80G | 0 |
|
deduction_80_e | Interest On Saving Deposits u/s 80TTA | 0 |
|
deduction_80_eeb | Interest on Electric Vehicle Loan u/s 80EEB | 0 |
|
deduction_80_gg | Interest On Education Loan u/s 80E | 0 |
|
Response
Field | Description | Example | Type |
|---|---|---|---|
gross_total_income | Gross Total Income | 937160 |
|
cyla | Current Year's Loss Adjustment | 0 |
|
cfl | Carry Forward Loss | 0 |
|
total_deductions_under_chapter_vi_a | Total Deductions under Ch. 6 | 215000 |
|
gross_taxable_income | Gross Taxable Income | 722160 |
|
tax_on_total_income | Tax on Total Income | 56932 |
|
rebate | Rebate | 0 |
|
surcharge | Surcharge | 0 |
|
health_and_education_cess | Health and Education Cess | 2278 |
|
total_tax_payable | Total Tax payable | 59210 |
|
effective_tax_rate | Effective Tax Rate | 9 |
|
Updated about 1 month ago