Income Tax Calculator FY 2019-20 (AY 2020-21) Income Tax Payee Type : Male Female Senior Citizens Very Senior Citizens 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