Anticipatory Income Tax Calculator Financial Year 2021-22

(Assessment Year 2022-23)

Anticipatory Income Tax Calculation FY 2021-22  AY 2022-23. The Free Software for Employees and Other Tax Payers- Please Click 

Old Tax Calculation System:

In last few years there were different tax slabs for three categories namely Ordinary Person, Senior Citizen and Super Senior Citizen. The taxable income is calculated after certain deductions from the gross income.

Tax was calculated vide: 

Income Tax Calculator Financial Year 2019-20 Assessment Year 2020-21

     Income Tax Calculation FY 2019-20  AY 2020-21 The Free Software for Employees and Other Tax Payers-

The Union Budget Proposal for the Financial Year 2019-20, which was already announced by the Hon’ble Finance Minister in Lok Sabha, has put forward certain modifications in the existing Personal Income Tax Rate of the Indian Citizen. The main highlights of the proposal include:
RATES OF INCOME-TAX :

Income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2019-20 (i.e. Assessment Year 2020-21) at the following rates: