This Excel-based calculator is designed to help salaried individuals compute their Income Tax Return (ITR-1) for the Financial Year 2019-20 (Assessment Year 2020-21). It allows you to input details of your gross income, deductions under various sections (like 80C, 80D, HRA), and calculates your net taxable income and final tax payable. Simply fill in the yellow boxes with your financial information to get a clear picture of your tax liability.
Excel based Income Tax Calculator for FY 2019-20 – AY 2020-21
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).
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