Sunday, March 22, 2020

Income Tax :- Excel Based Income Tax Calculation for the F.Y. 2019-20 or A.Y. 2020-21

Friends,  Individual Income Tax Calculation in excel has been updated according to Income Tax Rule for the F.Y. 2019-20 or Assessment Year 2020-21.  The following changes have been done :-

1.  Deduction  u/s 16(1a) of Rs. 50,000.00
2.  Relief for Taxpayers in the first bracket of '250000' to '500000'. A Tax credit of 12500 to every person with total taxable income upto 5,00,000.

Download Excel Based Income Tax Calculator (Download )

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