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.