Income Tax Calculator - FY 2020-21 for Android

Income Tax Calculator - FY 2020-21 is a simple utility app to help you calculate the payable Income Tax as per the recently announced new IT Slab rates in the Budget2020

Key Features

- Find the new tax slab rates for direct tax

- Tax Slab Calculator for Salaried Individual Tax Payers

- Simple Interface to calculate tax from your gross annual income

- Comparison with the old tax slab rate

Union Budget 2020

Proposed Direct Tax Reforms*

* New Simplified Personal Income Tax Regime for Individual Tax Payers

no deduction or exemption

5-7.5 Lakhs - 10 %

7.5 - 10 Lakhs - 15 %

10 - 12.5 Lakhs - 20 %

12.5 - 15 Lakhs - 25 %

Above 15 Lakhs - 30 %

optional for tax payers

simplified income tax return

removal of 70 deductions

This app is useful for individual tax payers, tax filers or chartered accountants to quickly calculate the payable tax or TDS for salaried employees.