India Tax Calculator FY 2019-2020

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v2.1 di Anpadmy Technologies Private Limited

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Su India Tax Calculator FY2019-2020

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 [email protected]

Aggiornamento India Tax Calculator FY2019-2020 2.1

v2.1: Minor fixes.
v2.0: Updated to FY 2019-2020 (AY 2020-2021).
Added share option as an excel file.
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Caratteristiche India Tax Calculator FY2019-2020
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Categoria:

Finanza App

Data Aggiornamento:

Ultima Versione:

2.1

Aggiornamento Necessario:

Invia l'ultima versione

Disponibile su:

Google Play

Requisiti:

Android 4.1+