Income Tax Calculater - Tax Calculator for Salary and Indiciduals Loan

Key Features of this app are:
» Quick Tax Calculation: The app provides the quickest way for tax computation.

» Compare Return: Select two different Assessment Year and compare your IT return for 2 years.

» IT Return:
You can plan your saving for the following income source:
√ Income from Salary
√ Income from Other Sources
√ Income from self-occupied house property
√ Long Term Capital Gains (LTCG)
√ Short Term Capital Gains (STCG)
√ Income from Interests
√ Income from Commissions

Income tax calculation formula will consider the following parameters for deductions while calculating IT Return:
√ Deduction under 80C (Investment in PPF, NSC, Life insurance Premium, etc.)
√ Deduction under 80D (Investment under Medical Insurance)
√ Deduction under 80DD (Investment for Medical treatment)
√ Deduction under 80EE (Interest on home loan for first-time homeowners)
√ Deduction under 80TTA (deduction to an individual or a Hindu undivided family in respect of interest received on deposits)

» Calculates Income Tax payable for Financial Year 2018-19, 2017-18, 2016-17, 2015-16.

» A standard deduction of Rs. 40,000 for salaried taxpayers for the Financial Year 2018-19 is implemented in the last update.

» Share It: The result in the form of PDF or image can be shared to family members or your Income Tax Consultant or Chartered Accountant.

-> Taxation on Capital Gains
? Short Term On Capital Gains (STCG) as per Slab tax Rates
? Short Term On Capital Gains (STCG) @15%
? Long Term On Capital Gains (LTCG) with Cost Inflation Index
? Long Term On Capital Gains (LTCG) without Cost Inflation Index

-> Income from Other sources
? Interest
? Commission / Other Income
? Winning from Lottery, Crossword Puzzles, etc

Income Tax Calculator - India Calculate your income tax for current financial year, and upcoming financial year, where you can save your tax by investing more in mutual funds, and other investments.