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Updated on : 11 October, 2018

Income Tax Calculator
AY 2019-20, AY 2018-19, ... 2015-16

Income Tax Slabs / Rates
Challan 280 in Excel / Fillable PDF

Easily calculate Income Tax, Surcharge, Health & Education Cess / Education Cess, Taxable Income, Incomes taxable at various rates, Marginal Relief on Surcharge and Net Surcharge (if taxable income exceeds ₹ 50 lacs / 1 crore / 10 crores), Tax Liability and Income Net of Tax Liability of Individuals, Senior and Very Senior Citizens, HUFs and Non-Individuals (viz. Firm, Company, Coperative and Local Authority) for AY 2019-20, AY 2018-19, AY 2017-18, AY 2016-17 or AY 2015-16.

Assessment Year / Tax Payee
Income Tax Calculator for Individual / HUF : AY 2019-20
Select Age / Status
A.   Income from Salary / Pension
1Total Salary/Pension as per Form 16 (Excl. all allow., perquisites & profit in lieu of salary)
2Less: Standard deduction, if not included in 1 above. (Max. ₹ 40,000)
3Allowances Exempt under Section 10 (Not to be added to total taxable Income from Salary)
4Add: Allowances not exempt
5Add: Value of Perquisites and / or Fringe Benefits
6Add: Profits in lieu of Salary
7Total Taxable Income from Salary
B.   Income (Profits) from Business / Profession
1Calculate Presumptive Income u/s
1. Turnover or Receipts in cash
2. Turnover or Receipts other than in cash
(by account payee cheque / bank draft or electronic clearing system through bank account)
3. Gross Turnover or Gross Receipts (Not Eligible u/s 44AD if more than ₹ 1 core)
4. Minimum Presumtive Income u/s 44AD (8% of 1 + 6% of 2)
1. Gross Turnover or Gross Receipts (Not Eligible u/s 44ADA if more than ₹ 50 lacs)
2. Minimum Presumtive Income u/s 44ADA (50% of 1)
Enter Presumtive Income u/s 44AE Use Calculator
2Presumtive Income from Business / Profession
3Enter Income from Business / Profession other than Presumptive Income
4Total Income from Business / Profession
C.   Income / Loss from House Property
1Whether Property is Rented of Self Occupied
2Annual Lettable Value or Rent Received or Receivable (Zero, if Self occupied)
3Amount of Rent, which cannot be realized (Zero, if Self occupied)
4Taxes paid to Local Authorities (Zero, if Self occupied)
5Annual Value of Property ( 2 - 3 - 4 )
630% of 5
7Interest payable on borrowed capital (Max. ₹ 2 lacs)
8Income / Loss (-ve) from House Property ( 5 - 7 )
D.   Income from Capital Gains
1Short Term Capital Gain - Taxable at Normal Rates
2Short Term Capital Gain (u/s 111A) - Taxable @ 15%
3Long Term Capital Gain - Taxable @ 20%
4Long Term Capital Gain - Taxable @ 10%
5Total Income from Capital Gains
E.   Income from Other Sources
1Income - Taxable at Normal Rates
2Income - Taxable at Special Rates
ParticularsTax RateIncome
Winnings from Lottery, Puzzle, Crossword etc.30
Any other income taxable at Special Rate
3Total Income from Other Sources
F.   Agricultural Income (For Rate purpose)
G.   Total Income
H.   Eligible Deductions
1Deductions under Sec. 80C
2Deductions under Sec. 80CCC
3Deductions under Sec. 80CCD1
4Total of Deductions u/s 80C, 80CCC and 80CCD(1) (Max. ₹ 1.50 lakh)
5Deductions under Sec. 80CCD(1B)
6Deductions under Sec. 80CCD2
7Deductions under Sec. 80CCG
8Deductions under Sec. 80D (Health Insurance - Self & family)
9Deductions under Sec. 80D (Health Insurance - Parents)
10Deductions under Sec. 80DD
11Deductions under Sec. 80DDB
12Deductions under Sec. 80E
13Deductions under Sec. 80EE
14Deductions under Sec. 80G
15Deductions under Sec. 80GG
16Deductions under Sec. 80QQB
17Deductions under Sec. 80RRB
18Deductions under Sec. 80TTA
18Deductions under Sec. 80TTB
19Deductions under Sec. 80U
20Any other eligible deduction
21Total Deductions from Taxable Income
I.   Total Taxable Income (G - H)
J.   Income taxable at Special Rates
K.   Income taxable at Normal Rates
L.   Tax already paid
1Tax Deducted at Source
2Tax Collected at Source
3Advance Tax paid
4Self Assessment Tax paid
5Total Tax paid
Taxable Income and Tax Liability details
DescriptionIncomeIncome Tax
Exempt Income
Income taxable at 5%
Income taxable at 20%
Income taxable at 30%
Income taxable at Special Rates
Total
Less: Relief u/s 87A (For Individuals having taxable income upto ₹ 3.50 lacs)
Less: Income Tax on Agricultural Income included above
Income Tax
Surcharge on Income Tax (If taxable income is more than ₹ 50 lacs)
Less: Marginal Relief (If taxable income marginally exceed ₹ 50 lac / 1 Cr.)
Net Surcharge
Income Tax + Net Surcharge
Health & Education Cess
Gross Income Tax liability
Less: Tax relief under sections 89, 90 and 91
Net Income Tax liability
Add: Interest Payable under Sections 234A, 234B and 234C
Total Income Tax liability
Income Tax Payable / Refund (-)
Income Net of Income Tax Liability
Calculate interest under Section 234 A, B and C
Important : This calculator is an easy online tool for quick basic calculation and cannot give correct calculation in all circumstances. The exact calculation may be made after taking into account all applicable provisions of Income Tax Act / Rules.