B.P. Choudhary

B.P. Choudhary

Auto Income Tax Calculator for Financial Year (FY) 2018-19 / Assessment Year (AY) 2019-20 in Excel Format after considering the amendment in Tax Rates, Deductions and Rebates vide Finance act 2018-19.

Financial Year 2018-19 has started and all have to calculate that how much tax is payable in financial year 2018-19. This tool of Auto Income Tax Calculator for FY 2018-19 from Taxationseva will help you to calculate the income tax in very simple way with less time and fewer efforts. After calculate your tax liability you will be able to plan your tax saving accordingly.

There are no major changes in income tax for financial year 2018-19. Tax rates for Individual assesses are same as previous financial year 2017-18.

♣ The government has allowed a standard deduction of Rs. 40,000/- to all salaried tax payers but transport allowance of Rs. 19200/- and reimbursement of medical allowances Rs. 15,000/- has been abolished.

♣ Education Cess has been replaced with Health & Education Cess and rate has been increased from 3% to 4%.

♣ Senior Citizens tax payers are allowed to avail

1. Deduction up to Rs 50,000/- per annum for medical insurance u/s 80D.

2. Deduction of interest income for Rs. 50,000 on deposits with banks and post offices. (The exemption has been increased from Rs. 10,000 to Rs. 50,000 with a new section of 80TTB).

3. Deduction u/s 80 DDB up to Rs.1 lakh (Limit u/s 80DDB, has been raised to Rs 1Lakh for amount paid for medical treatment of specified diseases).

Auto Income tax calculator is very simple and user friendly, also know all current applicable rules.  You can use calculator hyperlinks to clear and understand all related rules, Information with aspects. This version 13.0 of Auto Tax Calculator is designed for salaried people with a standard deduction of Rupees 40,000/- also calculating the surcharge and marginal relief for income over and above of Rs 50 lakh & 1 Crore.

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Category : Income Tax (27505)
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Tags : Budget (1956) Budget 2018 (399) Calculator (110) Income Tax Calculator (66)

14 responses to “Auto Income Tax Calculator for FY 2018-19 (AY 2019-20)”

  1. VARUN KESHRI says:

    SIR

    PL.SEND IN DETAIL OF INCOME TAX CALCULATIONS AS WELL AS ALL DEDUCTIONS IN INCOME TAX ACTS FOR F.YR. 2017-2018

    varun keshri

  2. D Viswanadham says:

    Dear Sir: Cud You please let me know in case if i download Auto Income Tax Calculator for AY 2019-20 by way of registering any commercial implications are involved. Kindly Clarify to my mail id. On hearing i shall register.
    Thanks & Regards
    D Viswanadham

  3. Ravi Shankar says:

    I want know the computation of Capital Gains least end

  4. jagadesh says:

    Sir,
    Amendment w.r.t.transport allowance not available so far. May be missed to amend the rule 2BB(2).

  5. sumitlmb says:

    Sir thanks for this auto calculate sheet for FY 18-19 help to me.

    Can you also send income tax calculator sheet FY 17-18 @ sumitlmb@gmail.com

  6. AK Taneja says:

    Is the 40,000 Standard Exemption applicable to Government pensioners too ?

  7. rajsan2002@rediffmail.com says:

    this is too good and easier to calculate the liability

  8. Shiv Kumar Gupta says:

    i am interested to know the details of the income tax rules regulations etc.thanks.

    • bpchoudhary says:

      DearShiv Ji,
      Please go through the information & Rule sheet. It has all the rule of every section applied for Exemption or Deduction with latest changes. All rules are hyperlink with every head. You can click on the head in calculator and automatically It will link with the related rule & section.

  9. ARAJA says:

    hello sir pls tell me password of auto computaion chart sheet

    • bpchoudhary says:

      Araja Ji
      Why do you require password to unprotect the sheets.Required cells are allowed to work If there is any discrepancy write us we will short out. But no publisher will share password as it is for protection of unfair use.

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