Income Tax Calculator
FY 2019-20 (AY 2020-21)
Description Amount in Rs.
Gross Income - Salary and Other Income
Exemptions u/s 10 A - HRA , Convenyance etc
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
Tax Benefit u/s 24 - Interest Paid On Home Loan
Total Deductions/Benefits
Taxable Income

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