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.

Anish L J
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Anish L J

Anish L J is a 'Financial Planner' and member of Chartered Insurance Institute(CII), London. He is also a finance, insurance and software consultant with more than 20 years of experience in these fields. He thoroughly follows developments in insurance and finance. 'INSURANCE FUNDA' (www.insurancefunda.in) is his endeavor to provide simple and solid solutions in the Insurance and Finance sectors.
Anish L J
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