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Income Tax Calculator Pre Post Budget 2018
Income Tax Calculator for AY 2018-19 and AY 2019-20
| Income Tax Calculator Pre Post Budget 2018 | |
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| Age Category | |
| Gross Income | |
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| Description | AY 2018-19 | AY 2019-20 |
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| Taxable Income | ||
| Standard Deduction | --- | |
| Transport Allowance | --- | |
| Taxable Income | ||
| 0% () | --- | --- |
| 5% () | ||
| 10% () | ||
| 20% () | ||
| 30% () | ||
| Tax on Income | ||
| Rebate U/S87A | ||
| Tax on net Income | ||
| Surcharge | ||
| Educational Cess 4% | ||
| Total Tax Payable | ||
| Impact on Tax | ||
Income Tax Calculator AY 2019-20
Simple calculator to find out your income tax from your gross income for the next financial year 2018-19.
There is no change in tax rates. Only change in Health & Educational Cess 4% instead of 3%. We assume in this calculator deduction of 1.5 lakh under Section 80C.
And enter the income from the salary after deduct the Standard deduction of 40000.
| Income Tax Calculation Details | |
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| Age Category | |
| Income from Salary (After Standard Deduction of Rs.40000) | |
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| Description | AY 2019-20 |
|---|---|
| Gross Income | |
| 80C Deduction | |
| Taxable Income | |
| 0% () | --- |
| 5% () | |
| 10% () | |
| 20% () | |
| 30% () | |
| Tax on Income | |
| Rebate U/S87A | |
| Tax on net Income | |
| Surcharge | |
| Educational Cess 4% | |
| Total Tax Payable |
Try our other IT Calculators…
Income Tax Calculator Pre – Post Budget 2017
7th CPC AICPIN Table
| AICPIN | |
| JANUARY 2016 | 269 |
| FEBRUARY 2016 | 267 |
| MARCH 2016 | 268 |
| APRIL 2016 | 271 |
| MAY 2016 | 275 |
| JUNE 2016 | 277 |
| JULY 2016 | 280 |
| AUGUST 2016 | 278 |
| SEPTEMBER 2016 | 277 |
| OCTOBER 2016 | 278 |
| NOVEMBER 2016 | 277 |
| DECEMBER 2016 | 275 |
| AICPIN | |
| JANUARY 2017 | 274 |
| FEBRUARY 2017 | 274 |
| MARCH 2017 | 275 |
| APRIL 2017 | 277 |
| MAY 2017 | 278 |
| JUNE 2017 | 280 |
| JULY 2017 | 285 |
| AUGUST 2017 | 285 |
| SEPTEMBER 2017 | 285 |
| OCTOBER 2017 | 287 |
| NOVEMBER 2017 | 288 |
| DECEMBER 2017 | 286 |
Dearness Allowance Chart
| Month Year |
CPI(IW) BY 2001=100 |
12 Months Total |
12 Months Average |
Increased Over 261.42 | DA % |
| Jan-16 | 269 | 3152 | 262.67 | 0.48 | |
| Feb-16 | 267 | 3166 | 263.33 | 0.92 | |
| Mar-16 | 268 | 3180 | 265.00 | 1.37 | |
| Apr-16 | 271 | 3195 | 266.25 | 1.85 | |
| May-16 | 275 | 3212 | 267.67 | 2.39 | |
| Jun-16 | 277 | 3228 | 269.00 | 2.90 | 2 |
| Jul-16 | 280 | 3245 | 270.42 | 3.44 | |
| Aug-16 | 278 | 3259 | 271.58 | 3.89 | |
| Sep-16 | 277 | 3270 | 272.05 | 4.24 | |
| Oct-16 | 278 | 3279 | 273.25 | 4.53 | |
| Nov-16 | 277 | 3286 | 273.83 | 4.75 | |
| Dec-16 | 275 | 3292 | 274.33 | 4.94 | 4 |
| Jan-17 | 274 | 3297 | 274.75 | 5.10 | |
| Feb-17 | 274 | 3304 | 275.33 | 5.33 | |
| Mar-17 | 275 | 3311 | 275.92 | 5.55 | |
| Apr-17 | 277 | 3317 | 276.41 | 5.74 | |
| May-17 | 278 | 3320 | 276.66 | 5.84 | |
| Jun-17 | 280 | 3323 | 276.91 | 5.93 | 5 |
| Jul-17 | 285 | 3328 | 277.33 | 6.10 | |
| Aug-17 | |||||
| Sep-17 | |||||
| Oct-17 | |||||
| Nov-17 | |||||
| Dec-17 |
How to calculate 7th CPC Dearness Allowance for Central Government Employees
Dearness Allowance is granted to compensate the price hike above 261.4 Points(Base Year 2001=100), to which the revised pay scales relate.
This will be sanctioned twice a year, payable from first January and first July, reckoned on the following basis…
(i) The twelve monthly average price index above 261.4 Points is determined twice in a year for the period ending December and June.
(ii) The percentage increase is taken in whole number only and the fraction ignored.
(iii) Neutralization will be 100% uniformly for all employees.
Calculation of Dearness Allowance:-
(a) Dearness Allowance is paid on the Basic Pay as defined in FR 9(21)(a)(i)+NPA, if any (Personal Pay, Special Pay, etc., not included).
(b) Fractions of 50 paisa and above to be rounded off to the next higher rupee and less than 50 paisa ignored.
(c) For part of a month, rate of Dearness Allowance to be applied on the rate of pay+NPA and then Dearness Allowance for the number of days calculated.
(d) In the case of daily-rated worker, monthly pay reckoned at 26 times his basic daily wages. Hence for part of a month, calculation of Dearness Allowance will be on Monthly pay + 26 x Number of days.
How to calculate the Income Tax exemption on House Rent Allowance?
House Rent Allowance on Income Tax :-
How to calculate the Income Tax exemption on House Rent Allowance…
If an employee is living in a rented house, exemption is allowed to the extent of the least of the following…
Actual House Rent Allowance received from your employer
Actual House Rent paid excess of 10% of salary
50% of basic salary, if residence is in a metro or 40% of salary in non-metros.
For example :
If an employee is getting basic pay of Rs.15,000 pm, and HRA is 4,500. He is paying rent as Rs.2,500 calculation of amount of House Rent Allowance admissible for income tax exemption will be…
1. HRA received (12 x 4,500 = 54,000) : 54,000
2. Rent paid in excess of 10% (30,000 – 18,000) : 12,000
3. 50% of salary : 90,000
Out of the total of House Rent Allowance of Rs.54,000 received, Rs.12,000 which is the lease of the three items is admissible for income tax exemption. So the balance of Rs.42,000 will be include under income.
