This is an Income Tax Calculator India for the FY 2019-20 (AY 2020-21) and can be downloaded in Excel format.
This calculator calculates Income from..
- Salary,
- Pension,
- House Property (1 SOP & 2 LOP) along with Set off & carry forward of loss therein, and
- Other Sources.
This is useful for all Individuals, viz. Normal Citizen, Senior Citizen & Very Senior Citizen.
Click below to download an Excel calculator.
Income Tax calculator Monthly tabulation of Salary Data, for Income Tax calculator on Salary & for Income Tax calculator on Pension.
| Income Tax slabs for FY 2019-20 (AY 2020-21) | |||||||
| 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 ₹ 50,000 to Salaries person as well as to Pensioners.
Education + Health cess @ 4%
A surcharge is as per the below table..
| Income | S.C. on Tax |
| Income is less than 50 Lakhs | NIL |
| Income is More than 50 Lakhs & Less than 1 Cr. | 10% |
| Income is More than 1 Cr. & Less than 2 Cr. | 15% |
| Income is More than 2 Cr. & Less than 5 Cr. | 25% |
| Income is More than 5 Cr. | 37% |
Tax Credit of ₹ 12,500/- for income up to ₹ 5,00,000 under section 87A.
Slabs are the same, both for Male & Female.
For Income Tax Calculator for FY 2018-19 (AY 2019-20) click here to download in Excel for free.
To calculate Interest for FY 2018-19 (AY 2019-20) click here to download in Excel for free.
For Income Tax Calculator for FY 2020-21 (AY 2021-22) click here to download in Excel for free.
wait for next update
Very soon I will be publishing FY 2020-21.
Hi Sir,
Greetings!,
I have download the income tax calculation excel , but problem is it is password protected, Can you please share the password with us sir, it is help to carrier sir,
thanks in advance sir
DEAR SIR.,
GOOD MORNING.,
PLS UPDATE FY 20-21 TDSSALARY WORKING SHREET
I will update soon
how to get password?
The calculator is designed to work automatically. The cells are protected to avoid misfunction in case the formula gets deleted or altered by mistake.