June 18, 2024

INDIA TAAZA KHABAR

SABSE BADA NEWS

Download Excel primarily based – Money Tax Calculator for FY 2019-20 [AY 2020-21]

2 min read

Excel based Earnings Tax Calculator for FY 2019-20 – AY 2020-21
This excel-primarily based Profits tax calculator can be made use of for computing revenue tax on income from income, pension, gifts, preset deposit and bank curiosity, home hire and cash gains (shorter and long phrase gains).
Highlights of Alterations in FY 2019-20 in Earnings Tax return Sort:

Regular deduction enhanced for salaried folks from ₹ 40,000 to ₹ 50,000 in FY 2019-20.
Profits tax slabs keep on being unchanged as for every preceding 12 months.
Tax rebate (u/s 87A) increased by ₹ 12500 from ₹ 2500, taxable income right after all deductions/exemptions up to ₹ 5 lakhs is Tax-free.
TDS deduction on fastened deposits threshold greater from existing ₹ 10,000 to ₹ 40,000.
More section 80EEA on residence loans on acquire of an inexpensive residence is released from FY 2019-20 for Rs 1.5 Lakhs.
Supplemental portion 80EEB on Automobile financial loans on acquire of Electric powered automobiles is launched from FY 2019-20 for Rs 1.5 Lakhs.

Latest:- Cash flow Tax Calculator for FY 2020-21 [AY 2021-22]
Earnings Tax Slab of FY 2019-20 – [AY 2020-21]
Tax slab for Adult males up to 60 yrs of age.
Sr. no. Tax Slab (₹) Tax (₹) 1 Much less than ₹ 2,50,000 Nil 2 ₹ 2,50,000 to ₹ 5,00,000 (TI-₹ 2,50,000) * 5% 3 ₹ 5,00,000 to ₹ 10,00,000 ₹ 12,500+(TI-₹ 5,00,000) * 20% 4 Bigger than ₹ 10,00,000 ₹ 1,12,500+(TI-₹ 10,00,000) * 30%
Tax slab for Gals up to 60 a long time of age.
Sr. no. Tax Slab (₹) Tax (₹) 1 Significantly less than ₹ 2,50,000 Nil 2 ₹ 2,50,000 to ₹ 5,00,000 (TI-₹ 2,50,000) * 5% 3 ₹ 5,00,000 to ₹ 10,00,000 ₹ 12,500+(TI-₹ 5,00,000) * 20% 4 Bigger than ₹ 10,00,000 ₹ 1,12,500+(TI-₹ 10,00,000) * 30%
Tax slab for Senior Citizen aged higher than 60 decades.
Sr. no. Tax Slab (₹) Tax (₹) 1 Fewer than ₹ 3,00,000 Nil 2 ₹ 3,00,000 to ₹ 5,00,000 (TI-₹ 3,00,000) * 5% 3 ₹ 5,00,000 to ₹ 10,00,000 ₹ 10,000+(TI-₹ 5,00,000) * 20% 4 Greater than ₹ 10,00,000 ₹ 1,10,000+(TI-₹ 10,00,000) * 30%
Obtain Earnings Tax Calculator
Profits Tax Calculator for FY 2019-20 [AY 2020-21]
Simply click Here  ITR-1 Calculator FY-2019-20 [AY-2020-21]  (earnings tax calculator AY 2020-21 excel) and download the excel sheet.
5 crucial details you need to know in advance of submitting returns

Linked Article content

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.