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Modified on : 3 August, 2018

Taxable Income and Tax Calculator AY 2019-20
For Resident Individuals & HUFs

Calculate Taxable Income, Income tax, Surcharge, Health and Education Cess for Individual, Senior Citizen, Very Senior Citizen and HUF tax payers for AY 2019-20 (income earned during April 1, 2018 to March 31, 2019). The calculator takes into account income from House Property, Business and Profession, Capital gains, Agriculture Income, Eligible deductions and Income at Special Rates. The calculator also calculates and displays incomes chargeable at various tax rates, Income net of Tax Liability and Marginal Relief on Surcharge available in case taxable income exceeds ₹ 50 lacs / 1 crore.

We welcome your suggestions / feedback to improve functionality and user friendliness of this calculator.

Please note that this calculator takes into account Loss from 'House Property' but not from 'Business or Profession' and / or 'Capital Gains' and / or 'Other Sources'.

Enter data in applicable unshaded cells
Change Assessment Year
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
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)
5Taxable amount of Rent Received / Realized [70% of (1 - 2 - 3)]
6Interest payable on borrowed capital (Max. Loss ₹ 2 lacs)
7Income / Loss (-ve) from House Property
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.   Aggregate 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. 80G
14Deductions under Sec. 80GG
15Deductions under Sec. 80QQB
16Deductions under Sec. 80RRB
17Deductions 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 (Available to 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 in Surcharge (Applicable, if taxable income marginally exceed ₹ 50 lac / 1 crore)
Net Surcharge
Income Tax + Net Surcharge
Health & Education Cess [@ 4% of (Income Tax + Net Surcharge)]
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
Aggregate Income Tax liability
Income Tax Payable / Refund
Income Net of Income Tax Liability
Calculate interest under Section 234 A, B and C

Important : The above calculator is compiled to enable users / visitors of this site to have a quick and easy online tool for basic calculation. The calculator does not claim to give correct calculation in all circumstances. It is advised that the exact calculation may be made after taking into account all relevant provisions contained in the Income Tax Act and Rules.