Life Health Insurance Calculator India

Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .

Income Tax Calculator

Fill in the following details and Calculate your Taxable Income

Income Tax Calculator

Select Category
Income from Salary
Taxable Salary (Except a,b,c and d)
a)Taxable House Rent Allowance
b)Taxable Conveyance Allowance
c)Taxable Children Education Allowance
d)Taxable Children Hostel Allowance
Taxable Perquisites
Less : Professional Tax
Less : Entertainment Allowance

Net Income From Salary

Income from one self occupied house
Less : Interest paid on Home Loans
Loss from self occupied house property

Income from Other Sources

Gross Total Income

Deduction Under Chapter VI A
Investments / Payments in eligible avenues
Deduction Under Chapter VI A
Any other deduction

Total Taxable Income

Income Tax
Add : Surcharge @ 10%
Add : Education Cess @ 2%
Add : Education Cess @ 1%(Secondary & Higher)
Total Tax Payable