The tax Calculator will help you to determine your revenue tax for economic FY2019-20 (AY2020-21) year.

Just How To utilize Tax Calculator

understand the distinction between deduction & exemption

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Deductions are profits that are excluded from your own income that is taxable under conditions. This amount will be deducted from your taxable income for example, if you invest Rs. 1.5 lakh in specified investments under Section 80C of the Income Tax Act. Then gets reduced to Rs. 8.5 lakh if your total taxable income is Rs. 10 lakh and you invest Rs. 1.5 lakh in Public Provident Fund (PPF), your taxable income. Read more…

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