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

Online Income Tax Calculator for Financial Year 2018-19 (Assessment Year 2019-20). Online IT calculator from Insurance Funda is an easy online solution to calculate your tax liability in simple steps. Provide your details like Age, Income details, exemptions etc. and get a detailed Income Tax calculation.

If you want to calculate your tax liability for any previous years, Click the links below.

Income Tax Calculator for Financial Year 2018-19 (Assessment Year 2019-20)
Income Tax Slabs for Financial Year 2018-19 (Assessment Year 2019-20)

For your information I am providing the latest tax slabs for the current financial year.

Income Tax Slabs And Rates (FY – 2018-19) (AY 2019-20) www.insurancefunda.in
Income Up to 59 years of age 60 to 79 years of age Age 80 and above
0 – 2.5 lakhs Nil Nil Nil
2.5 – 3 lakhs 5% of income above 2.5 lakhs Nil Nil
3 – 5 lakhs 2500 + 5% of income above 3 lakhs 5% of Income above 3 lakhs Nil
5 – 10 lakhs 12500 + 20% of income above 5 lakhs 10000 + 20% of income above 5 lakhs 20% of income above 5 lakhs
Above 10 lakh 112500 + 30% of income above 10 lakhs 110000 + 30% of income above 10 lakhs 100000 + 30% of income above 10 lakhs
If income is above 50 lakhs 10 % of tax as surcharge
If income is above 1 crore 15 % of tax as surcharge
Educational Cess at the rate of 4% has to be paid on tax + surcharge

 

Read More:

Income Tax Returns e-filing – Salaried Employees Guide.