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.
