Income tax calculator: know how much tax you owe


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Income tax calculator: know how much tax you owe

Calculate your tax payable for fiscal year 2019-2020 step by step with this comprehensive income tax calculator

Calculate your income tax after the 2019 budget with this latest 2019 income tax calculator. In her first budget, Finance Minister Nirmala Sitharaman made no changes to the income tax brackets, but did increased the surcharge for the super-rich. Those with taxable income of Rs 2 to Rs 5 crore will now pay 39% tax while those with income above Rs 5 crore will pay 42.47 percent. This income tax calculator will take into account the changes announced in Budget 2019 to give you an idea of ​​your new tax payable. This 2019 post-budget income tax calculator will incorporate further tax cuts, an increased standard deduction, rental income from second home ownership, and will also cover itemized income, expenses and investments.

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Esther L. Steinbach

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