Income Tax Calculator for 2020-21

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Basic Details

Select The Category

Choose The Income Tax Slab

For most of the employees, selecting the '2019-20 Old Slab' might be more beneficial.
Select '2020-21 New Slab' only if you have no deductions and a gross income greater than 5 lakhs.

Salary Details

Enter the Gross Salary / Pension for each month:

(includes Basic Pay, DA, HRA, CCA, Interim Relief, OT Allowance, Deputation Allowance, Medical Allowance, etc.)

March - 2020
April - 2020
May - 2020
June - 2020
July - 2020
August - 2020
September - 2020
October - 2020
November - 2020
December - 2020
January - 2021
February - 2021

Arrear Details and Others:

DA Arrears
Pay Revision Arrears
Any Other Arrears
Leave Surrender
Festival Allowance / Bonus / Ex-gratia and Incentive
Any Other Income

Deduct HRA - if you are paying Rent

(if you are not paying rent, keep this as blank)

Total Rent paid for the financial year
Actual HRA received during the year
Total salary received during the year (Basic pay + DA only)

Deduction Details

1. Conveyance Allowance
2. Professional Tax Paid
3. Housing Loan Interest
4. Mediclaim (maximum of Rs. 25,000 + parents Rs.25,000 / 30,000)
5. Medical treatment of mentally or physically handicapped dependents
6. Medical treatment for specified deceases
7. Interest paid for Educational Loan taken for higher education
8. Payment to Annuity Plan of Pension fund like LIC
9. Donation to various charitable and other funds including PM's National Relief Fund
10. Contribution made to political party / electoral trust
11. Deduction for person with disability [Max: Rs. 75,000; if disability over 80% Rs. 1.25 lakh]
12. Subscription to long term infrastructure Bonds u/s.80CCF [Max: Rs. 20,000/-]
13. Remaining Contribution to NPS (Max: Rs.50,000)

Deductions under 80C, 80CCC, 80CCD [max. Rs. 1,50,000/-]:

1. Life Insurance premia of self, spouse or children
2. Purchase of NSC VIII issue
3. Contribution to GPF (Subscription, DA Arrear, Pay Revision Arrear, etc)
4. Contribution to SLI, GIS, FBS, GPAIS, etc (Total)
5. Term deposit with Scheduled Bank for a fixed period of not less than 5 years
6. Purchase of tax saving units of Mutual Fund or UTI
7. Tution fees for full-time education to any 2 children
8. Housing Loan Repayment (Principal) and Stamp duty paid for purchase of property
9. Subscription to equity shares or debentures of an eligible issue
10. Contribution to PPF account of Self, Spouse or Children
11. Subscription of Infrastructure Bonds of NABARD
12. Deposit under Seniour Citizen Saving Scheme
13. Five year Time Deposit in Post Office
14. Contribution to NPS (Max 10% of Basic+DA)

Tax deducted from salary

Amount of Tax already deducted from salary