Income tax

How to Calculate Income Tax for Senior Citizen with Salary, Pension & Interest Income? (FY 2019-20)

Calculate Income Tax for Senior Citizen with Salary & Pension and Interest Income

I often get request to calculate income tax for readers and how they can save more tax! It’s not possible for me to calculate it for everyone. So going forward I would pick cases and show how to calculate income tax and if there is scope to save additional tax. Below is the comment I …

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Income Tax Slabs for FY 2019-20 (AY 2020-21)

Income Tax Slabs for FY 2019-20 in Budget 2019

Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax slabs. Full Budget 2019 presented on July5, 2019 has made NO changes in the tax slab. The announcement that individuals with income up to Rs 5 Lakh would get full rebate is through Section 87A.  There …

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