Income Tax Calculator | The Wealth Blog

Income Tax Calculator

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Income Tax Calculator

2020 – 2021 2019 – 2020

Below 60 60 or Above 60 80 or Above 80

Gross Salary Income

Annual Income from other sources

Annual income from interest

Annual income from let-out house property (rental income)

Annual interest paid on home loan (self-occupied)

Annual interest paid on home loan (let-out)

Basic Deductions u/s 80C

Contribution to NPS u/s 80CCD(1B)

Medical Insurance Premium u/s 80D

Donation to charity u/s 80G

Interest on Educational Loan u/s 80E

Interest on deposits in saving account u/s 80TTA/TTB

Basic salary received per annum

Dearness allowance (DA) received per annum

HRA received per annum

Total rent paid per annum

Do you live in a metro city?

Yes No

/*150000){deductions_80c.value=150000}});var deductions_80ccd1b=document.getElementById(“deductions_80ccd1b”);deductions_80ccd1b.addEventListener(“input”,function(a){if(deductions_80ccd1b.value>50000){deductions_80ccd1b.value=50000}});var deductions_80d=document.getElementById(“deductions_80d”);deductions_80d.addEventListener(“input”,function(a){ageCategory=document.getElementById(“ageCategory”).value;if(ageCategory==1){if(deductions_80d.value>75000){deductions_80d.value=75000}}else{if(ageCategory==2||ageCategory==3){if(deductions_80d.value>100000){deductions_80d.value=100000}}}});var deductions_80g=document.getElementById(“deductions_80g”);var deductions_80e=document.getElementById(“deductions_80e”);var deductions_80tta=document.getElementById(“deductions_80tta”);deductions_80tta.addEventListener(“input”,function(a){ageCategory=document.getElementById(“ageCategory”).value;if(ageCategory==1){if(deductions_80tta.value>10000){deductions_80tta.value=10000}}else{if(ageCategory==2||ageCategory==3){if(deductions_80tta.value>50000){deductions_80tta.value=50000}}}});function Calculate(){assessmentYear=document.getElementById(“assessmentYear”).value;ageCategory=document.getElementById(“ageCategory”).value;var y=parseFloat(document.getElementById(“gross_salary_income”).value);var E=parseFloat(document.getElementById(“annual_income_from_other_sources”).value);var i=parseFloat(document.getElementById(“annual_income_from_interest”).value);var r=parseFloat(document.getElementById(“rental_income”).value);var u=parseFloat(document.getElementById(“interest_paid_on_home_loan”).value);var n=parseFloat(document.getElementById(“interest_paid_on_home_loan_let_out”).value);var D=parseFloat(deductions_80c.value);var j=parseFloat(deductions_80ccd1b.value);var C=parseFloat(deductions_80d.value);var x=parseFloat(deductions_80g.value);var z=parseFloat(deductions_80e.value);var d=parseFloat(deductions_80tta.value);var B=parseFloat(document.getElementById(“basic_salary”).value);var G=parseFloat(document.getElementById(“dearness_allowance”).value);var l=parseFloat(document.getElementById(“hra”).value);var v=parseFloat(document.getElementById(“total_rent_paid”).value);var A=document.getElementById(“metroCity”).value;if(y>=0&&E>=0&&i>=0&&r>=0&&u>=0&&n>=0&&D>=0&&j>=0&&d>=0&&x>=0&&C>=0&&z>=0&&B>=0&&G>=0&&l>=0&&v>=0){var I=y+E+i;var a=0;var h=r-a;var b=30*h/100;var g=I+(h-b-u-n);var p=0;if(assessmentYear==1){p=50000}else{if(assessmentYear==2){p=40000}}var f=p+D+j+d+x+C+z;var q=0;if(A==1){q=50*B/100}else{if(A==2){q=40*B/100}}var o=v-(B/10)+G;var t=Math.min(l,q,o);var F=l-t;totalTaxableIncome=g-f-t;var e=0;var w=0;var s=0;var c=0;var k=0;if(totalTaxableIncome>=0&&totalTaxableIncome<=20000000){if(ageCategory==1){if(totalTaxableIncome=250001&&totalTaxableIncome=500001&&totalTaxableIncome=1000001&&totalTaxableIncome=5000001&&totalTaxableIncome=5200001&&totalTaxableIncome=10000001&&e=10300001){e=112500+(30*(totalTaxableIncome-1000000)/100);e=e+(e*0.15)}}}}}}}}}else{if(ageCategory==2){if(totalTaxableIncome=300001&&totalTaxableIncome=500001&&totalTaxableIncome=1000001&&totalTaxableIncome=5000001&&totalTaxableIncome=5200001&&totalTaxableIncome=10000001&&totalTaxableIncome=10300001){e=0+10000+100000+(30*(totalTaxableIncome-1000000)/100);e=e+(e*0.15)}}}}}}}}}else{if(ageCategory==3){if(totalTaxableIncome=500000&&totalTaxableIncome=1000001&&totalTaxableIncome=5000001&&totalTaxableIncome=5200001&&totalTaxableIncome=10000001&&totalTaxableIncome=10300001){e=0+100000+(30*(totalTaxableIncome-1000000)/100);e=e+(e*0.15)}}}}}}}}}}w=e+(4*e/100);var m=document.getElementById(“show_income_tax_value”);m.classList.remove(“hide”);var H=document.getElementById(“income_tax_payable_amount”);H.innerHTML=”Income Tax Payable: Rs. “+w.toLocaleString()}else{var m=document.getElementById(“show_income_tax_value”);m.classList.remove(“hide”);var H=document.getElementById(“income_tax_payable_amount”);H.innerHTML=”This calculator can only calculate income tax for taxable income from zero to 2 crores only.”}}else{var m=document.getElementById(“show_income_tax_value”);m.classList.remove(“hide”);var H=document.getElementById(“income_tax_payable_amount”);H.innerHTML=”Please fill all the details carefully!”}};/*]]>*/
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