tax clculator

Income Tax Calculator for FY 2018-19 (AY 2019-20)

www.ApnaPlan.com
Name Raju Ranjan Singh
PAN Number BEOPS3996A

Birth date
Age
Gross Annual Income/Salary (with all allowances) 900,000
Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption
City of Residence Metro
Basic Salary (Basic+DA) 0
Rent Paid
H.R.A received 36,000
(II) Standard Deduction for Salaried & Pensioner (Rs 40,000) Budget 2018 40,000
(iii) Any Other Exempted Receipts/ allowances
(iv) Professional Tax 0
Income under the head salaries
Add: Any other income from other sources
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd ) 0
c. Post Ofice M.I.S (6 yrs.) 0
d. Post Office Recring Deposit (5 yrs.) 0
2. Any Other Income 0
3. Any Other Income 0
Less: Exemption on Home Loan Interest (Sec 24)
Loss from house property (Section 24) 100,000
Interest paid on Home Improvement Loan (max 30,000) 0
Gross Total Income
Less: Deduction under Sec 80C (Max Rs.1,50,000/-)
A. EPF & VPF Contribution 2,500,000
B. Public Provident Fund (PPF) 0
C. Senior Citizen’s Saving Scheme (SCSS) 0
D. N.S.C (Investment + accrued Interest before Maturity Year) 0
E. Tax Saving Fixed Deposit (5 Years and above) 0
F. Tax Savings Bonds 0
G. E.L.S.S (Tax Saving Mutual Fund) 0
H. Life Insurance Premiums 0
I. New Pension Scheme (NPS) (u/s 80CCC) 0
J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC) 0
K. 80 CCD Central Govt. Employees Pension Plan (u/s 80CCD) 0

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L. Housing. Loan (Principal Repayment) 100,000
M. Sukanya Samriddhi Account
N. Stamp Duty & Registration Charges 0
O. Tuition fees for 2 children 0
Less: Additional Deduction under Sec 80CCD NPS (Max Rs 50,000/-) 0
Less: Deduction under chapter VI A
A. 80 D Medical Insurance premiums (for Self ) 0
B. 80 D Medical Insurance premiums (for Parents) 0
C. 80 E Int Paid on Education Loan 0
D. 80 DD Medical Treatment of handicapped Dependent 0
E. 80DDB Expenditure on Selected Medical Treatment for self/ dependent 0
F. 80G, 80GGA, 80GGC Donation to approved funds 0
G. 80GG For Rent in case of NO HRA Component (Budget 2016) 0
H. 80U For Physically Disable Assesse 0
I. 80TTA (Rs 50,000 for Senior Citizens & Rs 10,000 for others) (Budget 2018) 0
Total Income
Tax Rebate of Rs. 2,500 (For Income of less than 3.5 lakhs)
Total Tax Payable
Tax Surcharge @ 10% (For Income of more than 50 Lakhs) (Budget 2017)
Add; Edn Cess + Health Cess @ 4%
Net Tax Payable
Advance Tax Paid
Tax Remianing to be Paid
Tax to Total Income Ratio

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 tax clculator

In case of any queries or doubts please mail at - apnaplan.com@gmail.com

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usage is res
to non commercial use only.

Disclaimer: All care has been taken to keep the information upto date and correct and is for educational purpose only. You a
encouraged to consult your Tax Advisor before taking any decesion based on this calculator.

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AY 2019-20) For any Queries write to -

apnaplan.com@gmail.com

Raju Ranjan Singh

BEOPS3996A

6-Apr-73 Fill31-Mar-19
up only the Orange Cells
45
900,000
-40,000 For Income Tax purpose - only Delhi, Mumbai, Chennai &
0 Kolkatta are considered as metro cities. Noida, Gurgaon etc
are Non-metro cities.
0
You can take Tax Benefit on both HRA & Home Loan.
0 In case of any queries Click here.
36,000
40,000 How Standard Deduction would lower tax outgo for Salaried
0 and Pensioners?
0
860,000
0 0

The maximum exemption on Home Loan

-100,000 interest is Rs. 2 lakhs irrespective of it being
Letout or Self-Occupied [in Budget 2017]
-100,000
0
760,000
150,000 -150,000

Click here to
Choose the best investment under 80C.

Click here to choose the Best Tax Saving Fixed

Deposit rates from banks

Click here to choose the Best Tax Saving

Mutual Funds (ELSS)

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Click Here to know about

Sukanya Samriddhi Account

0 Read more about Tax benefit on NPS

0
0 Click Here in case of any doubt on Medical
Insuance Tax Exemption
0
0 Click Here in case of any doubt on Education
0 Loan Tax Exemption
0
0
0 Section 80TTB: How Senior Citizens can Save Tax on their Interest
0 Income?
0
610,000 Tax Rebate u/s 87A has been reduced to Rs 2,500 from Rs 5,000 in
Budget for people with income less than Rs 3.5 Lakhs
0 Income here means Gross Income - Chapter VI Deduction
34,500 Click for more details
0
1,380
35,880
15,000
Want to Save more taxes?
20,880 Click here to Download a simple presentation on Tax Saving!
4%

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 Want to Save more taxes?
Click here to Download a simple presentation on Tax Saving!
tax clculator

@gmail.com

ends and family. The usage is restricted

r educational purpose only. You are

.

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umbai, Chennai &

Noida, Gurgaon etc

& Home Loan.

here.

x outgo for Salaried

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 tax clculator

s can Save Tax on their Interest

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ed to Rs 2,500 from Rs 5,000 in

me less than Rs 3.5 Lakhs
me - Chapter VI Deduction
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more taxes?
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more taxes?
e presentation on Tax Saving!
tax clculator

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tax clculator

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