Income Tax Calculator Assessment Year 2019-20
for Firms, Local Authorities, Co-op. Societies and Companies

This calculator calculates income tax, Surcharge and Health and Education Cess for non-individual assessees viz. Firm, Domestic Company, Other Company, Local Authority and Co-operatives for the Assessment Year 2019-20. This Calculator takes into account Marginal Relief in Surcharge, in case of taxable income exceeding ₹ 1 crore of Firms, Co-operatives and Local Authorities and ₹ 1 crore / 10 crore in case of Domestic and other than domestic companies (Foreign Companies).

Enter data in applicable unshaded cells
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Income from Business or Profession
Income from House Property ( enter -ve, if loss )
Income from Capital Gains
Income from Other Sources
Less: Deductions under Chapter VI A
Less: Any other eligible deductions
Total Income Taxable at Normal Rate
Income at Special Rate
Income Tax at Special Rate
Rebate under Section 88E
Income Tax
Total Income (Income Taxable at Normal Rate + Income Taxable at Special Rate )
Income Tax at Normal Rates
Total Income Tax [Income Tax (Normal Rate + Spl. Rate) - Ded. under section 88E]
Surcharge at applicable rates
Less: Marginal Relief in Surcharge, if applicable
Net Surcharge
Income Tax + Surcharge
Health & Education Cess (4% of Income tax + Surcharge)
Total Tax liability
Income Net of Income Tax Liability