Best Income Tax Calculator – Quick Tax Calculation FY 2020-21, Compare IT Return
Latest: tax Calculator for the fiscal year , FY 2020-21.
Best Income Tax Calculator is an app that helps you calculate the payable tax for the income you earned. tax slab is shown within the app for Individual Male, Female, oldster, and Super oldster.
Tax preparation is extremely easy using this tax calculation app. It provides you with free tax preparation help. you only got to enter all of your income and therefore the deductions. The app will tell you the payable tax amount.
Online tax Return Filling are going to be very easy using this app. A taxable Income calculator app helps you retain a record summary, and you’ll share it via email or other social media applications.
Key Features of this app are:
» Quickly Tax Calculation: The app provides the quickest way for tax computation.
» Compare your IT Return: Select two different Assessment Year and compare your IT return for two years.
» IT Return:
You can plan your saving for the subsequent income source:
√ Income from Salary
√ Income from Other Sources
√ Income from self-occupied house property
√ future Capital Gains (LTCG)
√ Short Term Capital Gains (STCG)
√ Income from Interests
√ Income from Commissions
Income tax calculation formula will consider the subsequent parameters for deductions while calculating IT Return:
√ Deduction under 80C (Investment in PPF, NSC, life assurance Premium, etc.)
√ Deduction under 80D (Investment under Medical Insurance)
√ Deduction under 80DD (Investment for Medical treatment)
√ Deduction under 80EE (Interest on home equity credit for first-time homeowners)
√ Deduction under 80TTA (deduction to a private or a Hindu undivided family in respect of interest received on deposits)
» Calculates tax payable for fiscal year 2020-21, 2019-20, 2018-19, 2017-18, 2016-17, 2015-16.
» a typical deduction of Rs. 50,000 for salaried taxpayers for the fiscal year 2019-20 is updated.
» You can Find the tax payable with and without standard deduction of Rs. 50, 000 for the salaried taxpayers for the fiscal year 2020-21.
» Share It: The end in the shape of PDF or image are often shared with relations or your tax Consultant or accountant .