income tax calculation excel sheet free download

Additional section 80EEB on Auto loans on purchase of Electric vehicles is introduced from FY 2019-20 for Rs 1.5 Lakhs.Additional section 80EEA on home loans on purchase of an affordable home is introduced from FY 2019-20 for Rs 1.5 Lakhs.

TDS deduction on fixed deposits threshold increased from existing ₹ 10,000 to ₹ 40,000.

Tax rebate (u/s 87A) enhanced by ₹ 12500 from ₹ 2500, taxable income after all deductions/exemptions up to ₹ 5 lakhs is Tax-free.

Income tax slabs remain unchanged as per previous year.

Standard deduction enhanced for salaried persons from ₹ 40,000 to ₹ 50,000 in FY 2019-20.

Highlights of Changes in FY 2019-20 in Income Tax return Form: 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).

It calculates the tax on, Income from Salary Income from Pension Income from House Property Income from Other sources (Interest, Dividend, etc.) Click below to download the Free Income tax refund calculator FY 2021-22 in excel free. 3 Shares Excel based Income Tax Calculator for FY 2019-20 – AY 2020-21 The Income Tax Calculator FY 202-22 (AY 2020-21) is in Excel and is available Free for download.

Income tax calculation excel sheet free download