Income tax calculator for old & new scheme 2019-20-21

Total Annual Income: Age:

Standard Deduction: Section 17(2)(viii) of the Income-tax Act, 1961

Standard deduction(50,000 INR) is available for everyone, because Transport Allowance, Medical Allowance are not exempted anymore.

Section 80C

PPF, Tax saving FD, home loan principle, ELSS mutual fund etc) Limit 1,50,000 (1.5 lacs)

Section 24B

Home loan interest rate exemption, max allowed 2,00,000 (2 lacs)

HRA: Section 10 (13A) of the Income-tax Act, 1961

House rent Allowance.

Section 80G of the Income-tax Act, 1961: Donation 100% exemption

80G on selected domain is 100%. fill below for 50%

Section 80G of the Income-tax Act, 1961: Donation 50% exemption

80G on selected domain is 50%. fill above for 100%

Section 80GGC of the Income-tax Act, 1961: Donation 100% exemption

80GGA political party donation (100% exemption)

Section 80D of the Income-tax Act, 1961: Donation 100% exemption

80D health insurance, limit is 25000(below 60 years) and 50000(above 60 years) and 100% exemption

Old Scheme: Total exemption : Total Taxable Income :

Calculated Tax: + 4% cess = Final Payable Tax:

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New Scheme : Total exemption: 0 Total Taxable Income :

Calculated Tax: + 4% cess = Final Payable Tax: