Income Tax Calculator FY 2019-20 (AY 2020-21)

Head Description

Gross Income Salary and Other Income

Exemptions u/s 10 A HRA , Convenyance etc

Professional Tax Professional Tax

Net Income under Salaries Gross Income - Exemptions

Standard Deduction Salaried Individual & Pensionar (Up to 50000 Rs.)

Deductions u/s 80 C Investments in PF, PPF, Ins, ELSS, NPS etc

Deductions u/s 80 CCD Investments in NPS (Maximum limit 50,000)

Deductions u/s 80 D Medical Insurance Premium (Self, Parents)

Deductions u/s 80 G Eligible Donations

Deductions u/s 80 E Interest Paid on Education Loan

Deductions u/s 80 TTA Interest Received on Fixed Deposit/Post Office FD

Tax Benefit u/s 24 Interest Paid On Home Loan

Total Deductions/Benefits

Taxable Income

Tax Slab Slab Income

Income Tax Payee Type Male, Female, Sr. Citizen>60, Very Sr. Citizen>80

250,000 250,000

500,000 250,000

1,000,000 55,000

10,00,000+ -

Tax on Total Income

# Sensitivity : This Document is Classified as "LNT Internal Use".

 Surcharge 10% on Tax if Income > Rs 50 lakhs <Rs 1 Crore

Surcharge 15% on Tax if Income > Rs 1 Crore

Tax with Surcharge

Tax Credit Upto Rs. 12500 if Taxable Income < Rs. 5 lakhs
Tax with Surcharge less Rebate,
if any
Education Cess

Tax Liability with Cess

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usa
to non commercial use only.

Disclaimer: All care has been taken to keep the information upto date and correct and it is for educational purpose
requested to consult your Tax Advisor before taking any decesion based on this calculator.

In case of any queries or doubts please mail at - info@moneyexcel.com

# Sensitivity : This Document is Classified as "LNT Internal Use".

AY 2020-21)
Amount in Rs.

850,000
Fill up only the Grey Cells
-

850,000

50,000

150,000

50,000

45,000

295,000

555,000

Tax Rate Tax Amount

Male

0% -

5% 12,500

20% 11,000

30% -

Output 23,500

# Sensitivity : This Document is Classified as "LNT Internal Use".

 10% -

15% -

Output 23,500

Output -

Output 23,500

4% 940

Output 24,440 Click here to choose the Best Tax Saving

Options

ends and family. The usage is restricted

for educational purpose only. You are

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# Sensitivity : This Document is Classified as "LNT Internal Use".