ITI2017: Income Tax-India (FY 2016-2017)
In iamsulthan/IndianTaxCalc: Indian Income Tax Calculator

Description Usage Arguments Details Value Note Author(s) References Examples

Calculate Taxable Income and Income Tax liability for Assessment Year 2017-18 (for income earned during Financial Year 01.04.2016 to 31.03.2017) for Individual resident aged below 60 years,Senior Citizen,Super Senior Citizen, Firm, Local Authority, Any NRI / HUF / AOP / BOI / AJP, Co-operative Society.

1	ITI2017(income, category)

`income`	numeric value > 0, Annual income for the Financial Year (FY) 2016-2017.
`category`	numeric values between(1-6), Respective category as per their source of Income.

Calculate Taxable Income and Income Tax liability for Assessment Year 2017-18 (for income earned during Financial Year 01.04.2016 to 31.03.2017) for Individual resident aged below 60 years,Senior Citizen,Super Senior Citizen, Firm, Local Authority, Any NRI / HUF / AOP / BOI / AJP, Co-operative Society.

Abbreviations used :

NRI - Non Resident Individual;

HUF - Hindu Undivided Family;

AOP - Association of Persons;

BOI - Body of Individuals;

AJP - Artificial Judicial Person

Categories details:

`1`	Individual resident aged below 60 years (Male and Female)
`2`	Senior Citizen
`3`	Super Senior Citizen
`4`	Any NRI or HUF or AOP or BOI or AJP
`5`	Co-operative Society
`6`	Firm,Local Authority

A list containing the following components:

`IT`	Income tax
`TI`	Taxable income
`EC`	Education Cess
`SC`	Surcharge
`MR`	Marginal Relief (if applicable)
`NSC`	Net Surcharge

Will be updated with every years Tax policies

Sulthan

www.incometaxindiaefiling.gov.in

##Income Tax calculation for individual
ITI2017(330000,1)
##Income Tax calculation for group of individuals
employees<-c(250000,350000,200000,7500000)
ITI2017(employees,1)
##Income Tax calculation for dataframe with mixed category of data
sdata <- data.frame(income = c(300000, 400000, 5000000,15000000),
                  category = c(1, 2, 3, 4))
ITI2017(sdata$income,sdata$category)