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The Assessment Year is the year for which tax is calculated. Tax Payer refers to the type of taxpayer, such as individual or company. Category (Age) helps determine the applicable tax slab based on age. Residential Status is about whether you are a resident or non-resident. Net Taxable Income is your total income after deductions. Income Tax after relief under section 87A is the tax after applying eligible rebates. Surcharge is extra tax on high income. Education Cess and Secondary Cess are additional taxes for funding education. Total Tax Liability is the final tax amount to be paid after all additions and deductions.
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