Moneycontrol

Income Tax Calculator 2020-21

The Income Tax Calculator will allow you to calculate your income tax for financial year FY2019-20 (AY2020-21) & FY2020-21 (AY2021-22).

CALCULATE TAXES FOR FY20 & FY21

  • (Applicable for FY19-20 also)

  • (New Regime)

Your Age
Residential Status
Annual Salary
Business Income
Savings A/C Interest.
Other Interest Income
Other Income
Annual Rental Income
Interest paid for loans on houses on rent
Municipal taxes paid on houses on rent
Tax Saving Investment (80C)
Int. paid on self occupied home loan}
Interest paid on Educational Loan
Annual Rent Paid
Annual Basic + DA (to calculate rent deductions)
Health Insurance Self
Health Insurance Parents
Others
You will have to Pay 0.00 on your total income of 0.00

FAQ's

To use an income tax calculator, all you need to do is enter the like your age, income, investments in tax saving instruments etc, and you will know how much income tax you need to pay and the investments you need to make to save tax.

Income Tax FAQs

Gross total income includes income from salary, house property, profits or gains from business/ profession, capital gains and income from other sources. Make sure you take into account all these while using the income tax calculator. If you want to know how to calculate the annual value of a let out house, go here.
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