India Income Tax Calculator

Tax Computation for AY 2019-20
Age
Gross annual income
Allowances exempt under section 10
(I) House Rent Allowance (HRA) exemption
City of residence
Basic Salary (Basic+DA)
Annual rent paid
H.R.A received
(II) Standard deduction * for salaried and pensioner
(iii) Any other exempted receipts / allowances
(iv) Professional tax
Income under the head salaries

Income from other sources

1. Interest received from following investments:
a. Bank ( Saving /FD /RD )
b. N.S.C.(accrued/ received )
c. Post ofice M.I.S (6 yrs.)
d. Post office recurring deposit (5 yrs.)
Any other income

Interest paid on self occupied home loan

Loss from house property (sec 24)
Interest paid on home improvement loan (max 30,000)

Gross total income

Deductions under Sec 80C (Max: INR 1,50,000)

A. EPF & VPF contribution
B. Public Provident Fund (PPF)
C. Senior Citizen’s Saving Scheme (SCSS)
D. N.S.C (investment + accrued interest before maturity year)
E. Tax saving fixed deposit (5 years and above)
F. Tax Savings Bonds
G. E.L.S.S (Tax saving mutual fund)
H. Life lnsurance premiums
I. New Pension Scheme (NPS) (u/s 80CCC)
J. Pension plan from insurance companies/mutual funds (u/s 80CCC)
K. Central govt. employees pension plan (u/s 80CCD)
L. Housing. loan (principal repayment)
M. Sukanya samriddhi account
N. Stamp duty & registration charges
O. Tuition fees for 2 children

Additional deductions under section 80CCD NPS (Max: INR 50,000)

Input here

Deduction under chapter VI A

A. 80 D Medical insurance premiums (for self )
B. 80 D Medical insurance premiums (for parents)
C. 80 E interest paid on education Loan
D. 80 DD Medical treatment of handicapped dependent
E. 80DDB Expenditure on selected medical treatment for self/ dependent
F. 80G, 80GGA, 80GGC Donation to approved funds
G. 80GG For rent in case of no HRA component
H. 80U For physically disabled assessee
I. 80TTA (INR 50,000 for senior citizens & INR 10,000 for others) (Budget 2018)

Total income

Tax rebate of INR 2,500 (for income less than INR 3.5 lakhs)

Total tax payable

Tax surcharge @10% (for income more than INR 50 lakhs)

Education cess + Health cess @4%

Net tax payable