India Tax Calculator FY 2019-2

Anpadmy Technologies Private Limited

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About this app

Income Tax Calculator for India Current FY 2019-2020/AY 2020-2021:

Calculate the Income Tax for the Financial Year 2019-2020 (Assessment Year: 2020-2021) using this application. Advance Tax Calc, Quick Tax Calc and HRA Exemption Calc were provided in the application.

Here are the rules considered in the app:
Income Tax Rates for Financial Year 2019-2020:

Case A: For Men (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 5 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case B: For Women (less than 60 years)
Upto Rs. 2,50,000 Nil
Rs. 2,50,001 to Rs. 5,00,000 5 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case C: For resident individual of 60 years or above (Senior Citizens)
Upto Rs. 3,00,000 Nil
Rs. 3,00,001 to Rs. 5,00,000 5 per cent
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

Case D: For resident individual of 80 years or above (Very Senior Citizens)
Upto Rs. 5,00,000 Nil
Rs. 5,00,001 to Rs. 10,00,000 20 per cent
Above Rs. 10,00,000 30 per cent

HRA Tax Exemption Calculation:
Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid – 10% of Basic)
Maximum allowed limits for tax exemption:

Section 80C limited to 1.5 Lacs.
Section 80D limited to 75K.
Section 80E limited to 40k.
Section 24 limited to 2 Lacs.
80TTA: 10k (for Age < 60)
80TTB: 50k (for Age >= 60)
Section 87A Rebate: up to Rs. 12,500.

Limitations of the App:
1. As all the values are considered as integers, the maximum value can be entered is (2^31 - 1).
2. While doing calculations, each value is rounded to the nearest integer.

Suggestions:
If any rules are violated or for any suggestions, please send an email to [e-mail]

Ratings and reviews

You have not replaced the travel allowance and medical reimbursement with standard deduction

The best one that I have seen and highly explanatory. Congrats!

kindly make app for ay 2020- 2021 for retired male senior citizen of age 70. your app is excellalent.Please arrange filling up of itr 1 and itr 5 sahaj income tax forms.pl add deduction of 87TTA Now I give you ***** (Five Star) Please show the calculation of rebate 87A in quick calculation. Dt 05.09.2021 dt of edit.

What's new

v2.2: Minor fixes.