This is an Income Tax Calculator for the FY 2018-19 (AY 2019-20) and can be downloaded Excel format.
This calculator calculates Income from..
- Salary,
- Pension,
- House Property (1 SOP & 2 LOP) along with Set off & carry forward of HP loss, and
- Other Sources.
This is useful for all the Individuals, viz. Normal Citizen, Senior Citizen & Very Senior Citizen.
Income Tax slabs for FY 2018-19 (AY 2019-20)
| Income Tax slabs for FY 2018-19 (AY 2019-20) | |||||||
| General public less than 60 years of Age |
Senior Citizen (60-80 years of Age) |
Very Senior Citizen more than 80 years of Age |
|||||
| Income Slab | Tax | Income Slab | Tax | Income Slab | Tax | ||
| Up to ₹ 2.5 lakhs | Nil | Up to ₹ 3 lakhs | Nil | Up to ₹ 5 lakhs | Nil | ||
| ₹ 2.5 to 5 Lakhs | 5% | ₹ 3 to 5 Lakhs | 5% | ₹ 5 to 10 Lakhs | 20% | ||
| ₹ 5 to 10 Lakhs | 20% | ₹ 5 to 10 Lakhs | 20% | Above ₹ 10 lakhs | 30% | ||
| Above ₹ 10 lakhs | 30% | Above ₹ 10 lakhs | 30% | ||||
Additional points :
Standard Deduction of ₹ 40,000 to Salaries person as well as to Pensioners.
Education + Health cess @ 4%
A surcharge of 10% on ₹ 50 lakhs to ₹ 1 Crore income earners
A surcharge of 15% on income more than ₹ 1 crore.
Tax Credit of ₹ 2,500/- for income up to ₹ 3,50,000 under section 87A.
Slabs are the same, both for Male & Female.
To calculate Interest for FY 2018-19 (AY 2019-20) click here to download it in Excel format for free.
For Income Tax Calculator for FY 2019-20 (AY 2020-21) click here to download in Excel for free.
