- grajan_k@yahoo.com
- | Income Tax - Downloads
- 02 Mar 2020
- 669,612 Views
- 188 comments

**Income Tax Calculator for the Financial Year 2019-20 for Salaried Individuals in India in Excel.
**

Tax Planning in the beginning of the Financial Year is always better instead of doing that at the end of the year in hurry. This will help the Individual to plan their Investments in advance and submit necessary documents to their Employer in time.

I am a CA Inter Completed, Experience in Private Sector as a Head of Finance.

I have considered the Interim Budget 2019 Proposals in this Excel Tool for Tax Calculation.

**Features :**

1. Mainly useful for the salaried Employees having income includes:

a . Income from Salary

b. **Income from House Property** (Self Occupied and Rented out)

c. Income from Capital Gain on (eligible) Sale of Shares and Equity oriented Mutual Funds where STT is paid.

d. Income from Interest (Other Sources). (Bifurcation w.r.t. Interest from Savings Bank Account, FD Interest etc.)

2. Separate sheet for each Source of Income

3. Calculate Taxable Income, Tax, Surcharge and Cess.

4. Salary Particulars can be given on monthly basis. Flexible Allowance and user defined heads of allowance are incorporated.

5. Calculation of Accrued Interest on NSC in neat tabular form.

6. Provision for Automatic calculation of deduction u/s 80 GG towards Rent Payment when HRA is not received.

7. Age is calculated (as per IT Act) automatically based on DOB.

8. Tax Provisions are considered where ever required w.r.t. Senior Citizen, Very Senior Citizen, Physically Handicapped, etc.

9. Section wise Tax Rules for Reference Purpose are provided;

a. Income Tax Slab

b. Tab Rebate

c. Exempted Income u/s 10 & Standard deduction u/s 16

d. Deductions under Chapter VI A (Sec 80 C, 80 CCC, 80 CCD, 80 D, 80 U, 80 TTA , TTB etc.)

10. This File may be useful to the Employers having limited no. of employees to Calculate Monthly TDS for each Employee, Gross Salary / Amount Paid to be shown in Quarterly 24Q eTDS Purpose etc.

11. The Tables are structured in such a way that it will be easier to fill information in the **Income Tax Return**.

12. Print Preview by clicking a Button for commonly required statements.

13. Number Format, changed to Indian Number format, instead of Thousands, except for Negative Numbers.

14. Data Import facility is provided to import from the previous release of this Tax Calculator ie. from v 19.01 and 19.02. So you don’t need to re enter all the data when the new version is released for Particular Financial Year Module.

15. Included Notes and FAQ for better understanding. Like Gift to Minor Child and Spouse, Topics on Capital Gain, etc

You may contact me for any clarification in this Excel Tax Calculator.

Don’t forget to check income tax calculator for ay 2020.

**(Republished with amendments)**

Tags: Income Tax Calculator

Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer.

- Shifting of registered office of Limited Liability Partnership
- Reimbursement of Re-location expenses: A Perquisite
- Tax on Bank Interest of Co-Op Society, Club or Mutual Association
- Section 54EC Save Long Term Capital Gain Tax
- Additional Deduction For Home Loan Interest
- Understanding Compliance Query of Income Tax Department
- Pay Advance income Tax to avoid late payment Interest
- GSTN restore July 2017 data on GST Portal
- Bonded Manufacturing scheme in Customs – A Feasibility Study
- Validity of Invoice without Signature for ITC availment

- Due Date Compliance Calendar August 2020
- Corporate Compliance Calendar for the Month of August 2020
- Register for GST & Income Tax Course
- TDS Certificates – Detailed Discussion
- Digital GST Ready Reckoner (Book) by Taxguru Edu
- Additional Deduction For Home Loan Interest
- Tax on Bank Interest of Co-Op Society, Club or Mutual Association
- Section 80IBA (Affordable Housing Scheme / House For All)
- Raising of Funds Through Compulsorily Convertible Debentures
- Taxability of Income governed by Principle of Mutuality

- Reimbursement of Re-location expenses: A Perquisite
- Tax on Bank Interest of Co-Op Society, Club or Mutual Association
- Additional Deduction For Home Loan Interest
- Pay Advance income Tax to avoid late payment Interest
- Register for GST & Income Tax Course
- The Nightmare Called Section 194-IA
- Compliance Relating to Quoting of PAN
- Tax @ 82.50% even if you received amount via proper banking channels
- Investment in Penny Stock- Bogus or Cash Credit U/s. 68?
- Due Date Compliance Calendar August 2020

PLEASE SEND ME AN INDIVIDUAL I.T. CALCULATOR FOR AY 2020-21

sir tds reverse calculation formula

I am not getting your point.

If my understanding is correct

1.To Find Gross amount when you know Net amount Recd after TDS and Tax Rate

Net Amount Recd = 134, TDS Tax Rate = 33%, What is Gross Amount ?

GA = 134/(100-33)*100=200

2.To Find Gross amount when you know Total amount and Sales Tax Rate

Total Amount Paid = 266, Sales Tax Rate = 33%, What is Gross Amount ?

GA = 266/(100+33)*100=200

else

You can call me or email me.

Regards,

Govind

9845770394

kindly send Salaried Individual Tax Calculator (Excel) FY 2019-20

Please send me income tax calculation excel sheet financial year 2019_20 assessment year 2020-21

Harjeet singh sodhi user ID 91585

24.6.2020

Sent

Please mail me Income Tax calculator excel sheet for salaries employees for FY 2019-20 on h.zala28@gmail.com

HI

Can anyone send me the details for calculation Capital gain against sale of property long term occupies & sold

IT calculator please …capt.mahdi7@gmail.com

Please send Income Tax Calculation excel Sheet for Fin Year 2019-20

GOOD AFTERNOON SIR

PLS SEND ME THE INCOME TAX CALCULATION FY 2019-20

Dear Sir,

Pl. mail me the individual tax calculator for the year 20-21 AY 21-21.

ACCOUNTANT

SAROJ KUMAR

SREEM SERBA TURBINES PVT. LTD.

Your email address ?

Sir, provide me income tax calculator excel for financial year 2019-2020 for Pensioners .

i.Tax calculation sheet

Your email id ?

Sir.

Please provide me the income tax calculation and form 16 for the FY 19 20 in excel format

AT omkar.nat@gmail.com

Sir

Please provide me the income tax calculation sheet as well as form 16 in excel format.

At omkar.nat@gmail.com

Sir, Request you to kindly share the ITR salaried /individual with Form16 to pankj.vashisth007@gmail.com

Thanks & Regards

Pankaj Vashisth

May I request you to kindly provide the tax calculation Excel sheet for fy 2019-20. I am retired from Army

Please send excel sheet on Klsharma1971 @ gmail.com

Pl send excale sheet of IT culstiom rxsting & new

sir please send me income tax calculator in excel sheet for FY 2019-20 as i am a government servant.

my email address is amoldj15@gmail.com

Please send me excel sheet for Salary Tax Calculation for the FY 2019-20

please mail me for the salary person tax calculation sheet for F.Y 2019-2020

sir, I am the 14000/-per month salary based employee i need income tax returns for the year 2019-20 for house loan please send the software

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Plz mail me IT calculation sheets in Excel. I am retired and have income from House Rent, pension and interest from Bank deposits. TIA

Please send me the excel format of tax calculator 2019-2020

Thanks

SANOJ

Please mail me the Income tax calculation excel sheet for FY 2019-20

please send income tax calculation excel sheet for Fy-2019-20 and also send salary tds excel sheet

Pl. mail me the Income tax calculation excel sheet for 2019-20

Pl send IT calculation E cell Sheet

I m a salaried employee. I saved 1.5lac in ppf. Can I get additional tax benefit on the amount of 50000 under section 80ccd1(b) which was contributed in cpf from my side.

PLZ MAIL ME THE EXCEL FORMAT OF TAX COMPUTATION OF SALARIED PERSON FY19-20. MAIL ID : VARSHNE@GMAIL.COM

Please mail me Income Tax calculator excel sheet for salaries employees for FY 2019-20 on hardik.modi123@yahoo.com

Please send us Income Tax Calculator Excel sheet for FY-19-20

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Sir, Request you to please mail the Income Tax Calculation for Salaried (in MS-Excel) for FY 2019-20. My email ID is jagdip.shah@topland-india.com

Sir, Request you to please mail the Income Tax Calculation for Salaried (in MS-Excel) for FY 2019-20. My email ID is mind2money@gmail.com

Please email me the income tax calculation Excel sheet (for monthly salary details) along with Form 16 for F.Y. 2019-20.

mail ID: jigishaclient@gmail.com

Dear Sir,

Please be kind enough to mail me excel sheet for income tax recoverable for the FY 2019-20

Please mail me the Income tax calculation excel sheet for FY 2019-20

how to enter 10e relief

PLS MAIL ME THE EXCEL SHEET (FORM NO16) FOR CALCULATING TAX FOR THE YEAR 2019-20

FY 19-20 Employee Salary Working Excel

pls forward the email Id. lkovijay@gmail.com

Plz send monthly tax culculator 2019-20 with form 16

Sir,

FY 19-20 Employee Salary Working Excel Required,

pls forward the nail Id. srkrish56@gmail.com

please send IT calculator for 19-20

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Dear Mr Govind,

Please send me the income tax calculator for salaried person 2019-2020

please provide me income tax calculator fy 2019-20

Kindly, send me the calculator for AY 2019-20.

Please email me the income tax calculation sheet along with Form 16 for F.Y. 2019-20.

PLEASE SEND THE IT CALCULATOR FOR F.Y 2019-20 RELEVENT TO ASST YEAR 2020-21AND WHICH OPTION IS BENEFICIAL TO ASSESSEES

Please send me Income tax calculator 2019-20 in Exel Sheet

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Dear Mr Govind,

Please send me the income tax calculator for salaried person 2019-2020

Plz provide me with the income tax calculator for financial year 2019-20 in excel for individual and bulk. My email id shahmushtaq26@gmail.com

Plz provide me income tax calculator for financial year 2019-20 in excel for individual and bulk

Dear sir ,

Please email the TDS calcutor for f.y 2019-20 ( multiple employees).

TDS calcutor for f.y 2020-21 ( multiple employees).

Thanks

Vikrant

Please send me TDS Calculator for FY 2019-20 in excel

Sir, Request you to please mail the Income Tax Calculation (in MS-Excel) for FY 2019-20. My email ID is rbeekol@yahoo.co.in

Plz e-mail me the income tax calculator for FY: 2019-20 AY: 2020-21

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Dear Mr Govind,

Please send excel version of tax computation for 19-20 salaried person

Regards

Can you give me income tax calculator AY 19-20.

Provide your correct email id

Sir please send Income Tax caluculator for salaried employees

please send individual salaried exel file thanks

Please send me income tax calculations form for ft 2019-2020

Dear Sir,

Please Send income tax exel sheet for salaried person with salary sheet and Form no. 16

Dear Sir,

Please send excel version of tax computation for F.Y.2019-20 salaried person

My E Mail.Id. bharataipl@gmail.com

Thanks & Regards

Please send excel format the income tax calculator for salaried person F.Y. 2019-20 & excel format for IT Computation for FY 2019-2020

Hi sir,

Please mai me tax calculator sheet 20119-20 thanks.

Krishna.gopi135@gmail.com

pl.send model calculation of ITfor salred person

sir please send me income tax calculator in excel sheet for FY 2019-20 as i am a government servant.

my email address is

Dear Sir,

Please send me the Income Tax calculation excel sheet for FY 2019-20

Dear Sir,

Please send me the Income Tax calculation excel sheet for FY 2019-20

Dear sir ,

Please email the TDS calcutor for f.y 2019-20 ( multiple employees).

Thanks

Amar

kashyap.amar272@gmail.com

sir please send me income tax calculator in excel sheet for FY 2019-20 as i am a government servant.

my email address is

subha210@gmail.com

sir please send me income tax calculator in excel sheet for FY 2019-20 as i am a government servant.

Pl. mail me the Income tax calculation excel sheet for 2019-20

sir

how to average tax calculation, for salary employees example. pl. sent my email

.krathinasapathy@gmail.com

Thanks

Please send the TDS on salary Excel work sheet for the F.Y 2019-20.

Please kindly send the Excel work sheet for the F.Y 2019-20

Regards

Manjunath

Email :- accounts@blowkings.co.in

sir

how to average tax calculation, for salary employees example. pl. sent my email

Thanks

Please mail me Excel utility for TDS Calculation of bulk employees on my mail ID dktiwari1680@gmail.com

Pl. mail me the Income tax calculation excel sheet for 2019-20

pls share the Income tax calculation excel sheet for FY 2019-20 @ nazeersdr@gmail.com

Sir,

Please let us know the TDS calculation to pay for 2Q TDS of fy 2019-20.

Sarma

Sir,

Kindly send me TDS calculator for 2019-2020.

Thanks

Everybody is asking for xls file.

Please let us know how to get that?

Please mail me the Income tax calculation excel sheet for FY 2019-20 based on the post budget slab. Expecting the excel to have all the formulaes to calculate TDS for salaried person.

Dear sir

Please send me xls file

Thanks and regards

Jitendra Vichare

May You Please kindly share the Excel sheet for myself use?

Regards

Please forward the excel sheet

Please send the tax calculation excel sheet on kundannadkarni@gmail.com

Dear Sir ,

Kindly share the excel file to 1992uv@gmail.com

Sir, please mail me Income Tax calcultaion sheet for FY 2019-20 for office use

send me salary calculation sheet and income tax 2019-20 karnataka employee

Hi, can you please send me income tax calculation sheet (wherein we put month on month figures) in excel format for FY 2019-20

Please send excel version of tax computation for FY 19-20 salaried person

please send me income tax calculate sheet for f-y 2019-20

Sir please send the Excel format for tax calculation for fy 19-20 thank you to sandeepsandy5196@gmail.com

Sir please send the Excel format for tax calculation for fy 19-20 thank you

Please send excel sheet

HI. Please share the excel forat of calculator to sravankumar.kumar2@gmail.com

Thank You

kindly send XL sheet for FY 2019-20

Please send me the calculator . Thanks.

pls send excel sheet

Please send excel version of tax computation for FY 19-20 salaried

Sent

Please send excel version of tax computation for FY 19-20 salaried

Kindly send me the sheet

Sir

Please mail me the excel utility.

project.jaci@gmail.com

Please send excel version of tax computation for FY 19-20 salaried person by email:

pappuranjeeta@gmail.com

Regards

Sir, Please send the Income tax calculation excel sheet for FY 2019-20

Pls share 19-20 tax calculation excel sheet for salaried to ajay.inr@gmail.com. Thanks.

Please send excel version of tax computation for 19-20 salaried person to ajay.inr@gmail.com

Thanks.

Please send excel version of tax computation for FY 19-20 salaried persons on my email.

Best regards

Require income tax calculator in excel format for FY 2019-20

Please send excel version of tax computation for 19-20 salaried person

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Sir, Please send the Income tax calculation excel sheet for FY 2019-20

Hi Please send Income tax calculation sheet for Fy 2019-20

Pl. mail me the Income tax calculation excel sheet for FY 2019-20

Hope you might have got it

Hello Mr. G Rajan

It would be great help if you can send me the excel sheet for FY 19-20.

Look forward to receive the sheet from you soon.

Regards

Rajeev

Dear Sir,

Please send excel version of tax computation for FY 19-20 salaried person

Regards

Sent. Pls confirm

You can download the latest version from this link also.

https://drive.google.com/drive/folders/1T-BfIgxNudtALodp8Xc-UbFTj-2XMyZc?usp=sharing

Regards,

Govind

hello

please share the excel sheet for FY2019-20

thanks in advance

Sir

Pls mail me the Income Tax Calculator for the FY 2019 – 20 in my mail id debasish.behera4678@gmail.com

Is additional deduction of rs50000 allowed for an individual who are s not employed but having other sources of income like rent int on FD etc

2 pl send your excel sheet

Standard deduction is available only for Income from Salary.

If you are getting pension from your Ex Employer (Govt employees) then this is allowed.

No for any other sources of Income.

Your email id is not appearing here. email to send the excel tax calculator.

Please send me the tax calculator Excel file

pls. send the salaries TDS calculator for A.Y. 20-21 on my email id Raviteja.konda@gmail.com

pls. send the income tax calculator on for a.y. 20-21 on mail id gaurav@verto.in

pls. send the income tax calculator on fy 2019-20 to marines@aol.in

Dear Sir,

Please send email of income tax calculator excel sheet

Sent

Please email me the file to 2pzo@mail.com

Pl. mail me the Income tax calculation excel sheet for 2019-20

My email id is venkatesh@candeoinfotech.in

Sent

Pl. mail me the Income tax calculation excel sheet for 2019-20

Sent

Pl. mail me the Income tax calculation excel sheet for 2019-20

Sent

Please email me tax calculation sheet for F.Y. 19-20 to calculate TDS on Salary

kindly send me to excel sheet for filling itr-1 also TDS was deducted on lic single premium policy TDS deducted 1% purchased for rs one lac on May 2011 &

repurchased on Oct 2018 with TDS rs 1935 total credited in 26AS Rs.193507/- for the income from lic 2018 & TDS Rs.1935/- net credited to my a/c.which income is exempted i.e. premium paid at the time of purchase price rs one lac & which ITR I shall file

I am not clear in reading your comment.

1. Income Amount ? and Date of Receipt ? = Is it Rs. 193507.00

2. Source of Income ? = Rs. 193507 is Commission from Insurance Company ie LIC ?

3. or Rs. 193507 receipt is the Maturity amount received from Insurance Company ? Is it a LIC Wealthplus policy / ULIP ?

4. TDS Amount as per 26AS ? = Rs. 1935.00 ?

5. New Policy (2018) Name ?, Premium Amount ? , Policy Amount ?

However,

– If 2 is Yes – You need to file ITR3 showing this under Income from Business. Since the Commission amount is more than Rs. 60000 , no adhoc deduction is available.

Presumptive taxation for businesses is covered under section 44AD is not applicable to Commission / LIC Agents. So You can’t choose ITR4

Please read this.

https://www.incometaxindia.gov.in/Communications/Circular/910110000000000549.htm

– If 3 is Yes –

These policy proceeds will be taxable in the hands of the insured in the following situations:

o As per section 10(10D) in case of a life insurance policy issued after 1.4.2003 but on or before 31.3.2012 if the premium payable in any year exceeds 20% of the actual sum assured, then the policy proceeds would be taxable in the hands of the insured. As per section 10(10D) read with explanation to Section 80C(3A), actual sum assured simply means the sum assured which is least in all the policy years and does not include any bonus amount which is to be received over and above the assured amount. This ‘actual sum assured’ shall also not include any premiums which are to be returned to the policyholder.

a) Any money received from a life insurance policy, where the premium is more than 10% of the sum assured is fully taxable under the head ‘income from other sources’

b) For Another Opinion : To treat as Long Term Capital Gain.Please refer

https://taxguru.in/income-tax/taxation-maturity-proceeds-lic-wealthplus-policy.html

However Please take opinion from a CA.

4. About TDS Amount:

As per Section 194DA, was inserted in the act on 1st October 2014 and is applicable on policy payments that are not exempted under the Sec 10 [10(D)]. As per the new section Insurance companies will deduct TDS while making the payments on such claims if the amount received is more than one lakh rupees.

1% TDS – If PAN is valid and available

20% TDS – If PAN is NOT valid and available

No TDS – If the Life Insurance Policy qualifies u/s 10 [10(D)]

https://www.incometaxindia.gov.in/Pages/faqs.aspx?k=FAQs%20on%20Salary%20Income

– Point 4 = You can deduct this TDS amount from your Tax payable amount.

– Point 5 = If Single Premium Policy ? =

As per the rule us u/s 80C, for a life insurance policy issued on or after April 1, 2012, if the premium paid exceeds 10 per cent of the sum assured, then the deduction (from the gross total income) will be available to the extent of 10 per cent of the sum assured and the premium paid in excess of this amount cannot be claimed as deduction u/s 80 C.

CAPITAL GAIN :: If equity share allotted by company against issue in 2000-01 and. No STT payable on company issued & allotment. And share sold through reco exchange in 2019-20 and paid STT. Can we avail Rs. 1 lac exemption of LTCG. We calculate purchase rate on 31.1.2018 and sold rate actual on sale date

Purchase and sale should be through Recognised Stock Exchange.

Please read the notification in the link provided.

Your query :

1-Since it is an IPO Purchase – STT Payment is exempted

https://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/608/PressRelease-Sec10-38-3-04-2017.pdf

2- Purchase during 2000 ie before 01.10.2004 :

Please read Page 2, Column 1, Para 2 = Extract of CBDT Notification given by pwc, which is very clear.

https://www.pwc.in/assets/pdfs/news-alert/2018/pwc_news_alert_12_october_2018_cbdt_issues_notifications_under_section_112a.pdf

and CBDT Notification No. 60 dt . 01.10.2018 which is very clear.

and notification is available

https://www.incometaxindia.gov.in/communications/notification/notification60_2018.pdf

3- LTCG exemption is available upto Rs. 1 lakhs. (However take experts opinion in this regard by showing them necessary documents)

4. Please show the exempted profit (Profit from 2001 to Jan 2018 and this Upto Rs. 1 lakhs) in ITR in Exempted Income for Reporting Purpose

You can save the CBDT Notifications for future reference.

Regards,

Govind

Sir,can you please share the tax calculator FY 19-20 and Tax declaration FY 19-20 excel for salaried.

Now the latest version v 19.02 is already uploded in this article.

You can download the same from this website itself.

Your email id is not appearing in your comment.

You can download the same from this website itself.

Your email id is not appearing in your comment.

I need your email id to send the Tax Calculator.

Please send excel version of tax computation for 19-20 salaried person on email caosmbi@gmail.com

Regards

Sent.

Kindly send me the Income tax calculator on kulwant_46@yahoo.com. Thanks.

–Kulwant Singh-

Sent

Hello sir Send excel sheet

Your email id ?

Dear Sir,

Please send excel version of tax computation for 19-20 salaried person.

with regards

Please download from this website

Now the latest version v 19.02 is already uploded in this article.

You can download the same from this website itself.

Dear Sir,

Please send excel version of tax computation for 19-20 salaried person.

ssprabhu.engg@gmail.com

Regards

Email Sent

KINDLY SEND ME EXCEL SHEET FOR TDS CALCULATION

Please send me the income tax calculator for salaried person.my email id niteshkumar.patel@gmail.com

Sent

mail me FY2019-20 tax calculator please

Dear Mr Govind,

Please send excel version of tax computation for 19-20 salaried person

Regards

Your email id is not appearing in this comment.

Please email to my email id.

Sailary gross-. 823910.97

Yearly bonus. 64500.00

Quatarli bonus. 14005.00

12232.00

15518.00

14263.00

Total income. 944428.00

Of diductin. 179424.00

Lic 22156.00

Penstion. 45722.31

How to incom tex pay ?

New version of this Tax Calculator is available now.

Any one wants please mail me. I will send that Excel file to you.

Revision Changes:

No change in Tax Calculation. (Except for addition made for Transport allowance for Blind)

No change in Input Data Ranges.

Change in Font.

Number Format changed to Indian Number format, Instead of Thousands, except in Negative Numbers..

Minor changes in Sheet “Summary of IncomeFromSalary” . Added Two Rows

Few Notes Added in “Instruction” Sheet

Regards,

Govind

pls. send the income tax calculator on

avinash@bla.co.in

Sent

please share income tax calculation FY 2019-20.

Please share IT calculator for FY 2019-20

Pl. mail me the Income tax calculation excel sheet for 2019-20

Please share the excel format for IT Computation for FY 201-2020

Please mail me the Income tax calculation excel sheet for FY 2019-20

Could you please realign the columns H & I in “Summary of incomefromsalary” sheet & Column H in “Tax ” sheet? The width needs to be increased.

Thanks for your comment.

In Tax Sheet Col H – The width Can accommodate values more than Crore.

In Summary Sheet – The width can accommodate 99 lacs . Even that cell is for checking purpose only. It can be ignored. You can check the Diff amnt if any in Cell H63.

Pl. mail me the Income tax calculation excel sheet for FY 2019-20