Income Tax Calculator Ay 2019 20 Excel For Pensioners
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Income tax calculator ay 2019 20 excel for pensioners. Rebate under section 87a changed from rs 2 500 to rs 12 500 or 100 of income tax whichever is lower for individuals with income below rs 5 lakhs from rs 3 5 lakhs. Income tax calculator excel format download. Standard deduction raised for salaried pensioners from rs 40 000 to rs 50 000. Income tax calculator for salaried and pensioners for financial year 2018 19 or ay 2019 20 in excel format an easy to use excel utility for calculating the income tax this income tax calculator is very useful in calculating the income tax for salaried employees and pensioners especially.
This excel based income tax calculator can be used for computing income tax on income from salary pension gifts fixed deposit and bank interest house rent and capital gains short and long term gains. This is a lightweight but powerful excel tools for calculation generation and printing of salary statement income tax computation sheet hra rebate and form 16. Rebate applicable 12500 for the salaried employee below 5 00 000. There are some changes as follows in the income tax act for the financial year 2019 2020 and assessment year 2020 2021 i e.
Changes in income tax rules. Income tax free excel calculator calculates income from salary pension house property and other sources for all type of assessee fy 2019 20 ay 2020 21. Excel based income tax calculator for fy 2019 20 ay 2020 21. Fy 01 04 2019 to 31 03 2020.
Surcharge increased to 25 for income between 2 to 5 crore to 37 for income beyond. This year there are certain changes made in the income tax i e.
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