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 |
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