tax clculator

Income Tax Calculator for FY 2018-19 (AY 2019-20)

Name XXXXXXXXX
PAN Number AXXXXXXXX

Birth date
Age
Gross Annual Income/Salary (with all allowances) 900,000
Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption
City of Residence Metro
Basic Salary (Basic+DA) 0
Rent Paid 300,000
H.R.A received 0
(II) Standard Deduction for Salaried & Pensioner (Rs 40,000) Budget 2018 40,000
(iii) Any Other Exempted Receipts/ allowances 0
(iv) Professional Tax 0
Income under the head salaries
Add: Any other income from other sources
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd ) 0
c. Post Ofice M.I.S (6 yrs.) 0
d. Post Office Recring Deposit (5 yrs.) 0
2. Any Other Income 0
3. Any Other Income 0
Less: Exemption on Home Loan Interest (Sec 24)
Loss from house property (Section 24) 0
Interest paid on Home Improvement Loan (max 30,000) 0
Gross Total Income
Less: Deduction under Sec 80C (Max Rs.1,50,000/-)
A. EPF & VPF Contribution 0
B. Public Provident Fund (PPF) 0
C. Senior Citizen’s Saving Scheme (SCSS) 0
D. N.S.C (Investment + accrued Interest before Maturity Year) 0
E. Tax Saving Fixed Deposit (5 Years and above) 0
F. Tax Savings Bonds 0
G. E.L.S.S (Tax Saving Mutual Fund) 0
H. Life Insurance Premiums 0
I. New Pension Scheme (NPS) (u/s 80CCC) 0

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 tax clculator

J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC) 0

K. 80 CCD Central Govt. Employees Pension Plan (u/s 80CCD) 0
L. Housing. Loan (Principal Repayment) 0
M. Sukanya Samriddhi Account
N. Stamp Duty & Registration Charges 0
O. Tuition fees for 2 children 0
Less: Additional Deduction under Sec 80CCD NPS (Max Rs 50,000/-) 0
Less: Deduction under chapter VI A
A. 80 D Medical Insurance premiums (for Self ) 0
B. 80 D Medical Insurance premiums (for Parents) 0
C. 80 E Int Paid on Education Loan 0
D. 80 DD Medical Treatment of handicapped Dependent 0
E. 80DDB Expenditure on Selected Medical Treatment for self/ dependent 0
F. 80G, 80GGA, 80GGC Donation to approved funds 0
G. 80GG For Rent in case of NO HRA Component (Budget 2016) 0
H. 80U For Physically Disable Assesse 0
I. 80TTA (Rs 50,000 for Senior Citizens & Rs 10,000 for others) (Budget 2018) 0
Total Income
Tax Rebate of Rs. 2,500 (For Income of less than 3.5 lakhs)
Total Tax Payable
Tax Surcharge @ 10% (For Income of more than 50 Lakhs) (Budget 2017)
Add; Edn Cess + Health Cess @ 4%
Net Tax Payable
Advance Tax Paid
Tax Remianing to be Paid
Tax to Total Income Ratio

In case of any queries or doubts please mail at - santokumarsingh@gmail.com

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

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

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 tax clculator

AY 2019-20)

XXXXXXXXX
AXXXXXXXX

18-Jun-86 Fill up only the Orange Cells

31-Mar-19
32
900,000
-40,000
For Income Tax purpose - only Delhi, Mumbai, Chennai &
0 Kolkatta are considered as metro cities. Noida, Gurgaon etc
are Non-metro cities.
0
You can take Tax Benefit on both HRA & Home Loan.
300,000 In case of any queries Click here.
0
40,000 How Standard Deduction would lower tax outgo for Salaried
0 and Pensioners?
0
860,000
0 0

The maximum exemption on Home Loan

0 interest is Rs. 2 lakhs irrespective of it being
0 Letout or Self-Occupied [in Budget 2017]
0
860,000
0 0

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under 80C.

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Fixed Deposit rates from banks

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Mutual Funds (ELSS)
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 tax clculator
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Mutual Funds (ELSS)

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Samriddhi Account

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NPS
0
0 Call Santo +919543145424 in case of any doubt
on Medical Insuance Tax Exemption
0
0
Call Santo +919543145424 for case of any
0 doubt on Education Loan Tax Exemption
0
0
0
Section 80TTB: How Senior Citizens can Save Tax on their Interest
0 Income?
0
860,000 Tax Rebate u/s 87A has been reduced to Rs 2,500 from Rs 5,000 in
0 Budget for people with income less than Rs 3.5 Lakhs
Income here means Gross Income - Chapter VI Deduction
84,500 Click for more details
0
3,380
87,880
0
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umbai, Chennai &

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& Home Loan.

here.

x outgo for Salaried

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s can Save Tax on their Interest

e?

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me - Chapter VI Deduction
re details

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