Modified on : 6 May, 2018
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Taxable Income and Tax Calculator for 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 take into account Loss from 'House Property' but not from 'Business or Profession' and / or 'Capital Gains' and / or 'Other Sources'.

Change Assessment Year
Enter data in applicable unshaded cells
Select Age / Status
A.   Income from Salary / Pension
1Total Salary/Pension as per Form 16 ( Excl. all exempt / non-exempt 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 Income from Salary chargeable to Income Tax )
4Add : Allowances not exempt
5Add : Value of Perquisites and / or Fringe Benefits
6Add : Profits in lieu of Salary
Total Income from Salary chargeable to Income Tax
B.   Income (Profits) from Business / Profession
1Calculate Presumptive Income from Business / Profession under Section
1. Turnover or Receipts in cash
2. Turnover or Receipts by account payee cheque or account payee bank draft or use of electronic clearing system through bank account
3. Gross Turnover or Gross Receipts (Not Eligible u/s 44AD if more than ₹ 1 core)
Minimum Presumtive Income of the business 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)
Minimum Presumtive Income of the business u/s 44ADA (50% of 1)
Enter Presumtive Income of the business u/s 44AE
2Presumtive Income from Business / Profession
3Enter Income from Business / Profession other than Presumptive Income
4Total Income from Business / Profession chargeable to Income Tax
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)
Income / Loss (-ve) from House Property chargeable to Income Tax
D.   Income from Capital Gains
1Short Term Capital Gain chargeable - Taxable at Normal Rates
2Short Term Capital Gain chargeable (u/s 111A) - Taxable @ 15%
3Long Term Capital Gain chargeable - Taxable @ 20%
4Long Term Capital Gain chargeable - Taxable @ 10%
Total Income from Capital Gains
E.   Income from Other Sources
1Income - Taxable at Normal Rates
2Winnings from Lottery, Puzzle, Crossword etc. - Taxable @ 30%
Total Income from Other Sources
F.   Agricultural Income (For Rate purpose)
G.   Aggregate Income (A+B+C+D+E+G)
H.   Eligible Deductions
1Deductions under Sec. 80C (For amounts paid / contributed / invested in Provident Fund, PPF, NSC, Life Insurance, Eligible MFs, Tuition Fee, Repayment of Home Loan etc. - Max. ₹ 1.50 lac)
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
15Deductions under Sec. 80RRB
16Deductions under Sec. 80TTA
17Deductions under Sec. 80TTB
18Deductions under Sec. 80U
19Any other eligible deduction
Total Deductions from Taxable Income
I.   Total Taxable Income (G - H)
J.   Income included in Aggregate Income above and taxable at special rate
IncomeTax RateIncome Tax
1Short Term Capital Gain (u/s 111A)15
2Long Term Capital Gain - taxable at 20%20
3Long Term Capital Gain - Taxable @ 10%10
4Winnings from Lottery, Puzzle, Crossword etc.30
5Any other income included in Aggregate Income above and taxable at special rate
Total Income & Income Tax at Special Rate
K.   Income taxable at Normal Rates (I - J)
L.   Tax already paid
1Tax Deducted at Source
2Tax Collected at Source
3Advance Tax paid
4Self Assessment Tax paid
1total Tax paid
Taxable Income and Tax Liability details
DescriptionIncomeIncome Tax
Exempt Income
Income chargeable at 5%
Income chargeable at 20%
Income chargeable at 30%
Income chargeable at Special Rates
Total
Less: Relief u/s 87A (Available only to Individual Resident assessees having total 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 is more than ₹ 50 lacs
Less: Marginal Relief in Surcharge
(Applicable, when 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.

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