Test

Income Tax Calculation FY 19-20 (AY 20-21)

0 to 60 60 to 80 80 and Above
(Exempted upto Rs 1,80,000/-)
(No exemption)
(Exempted upto Rs 12,000/- if bills submitted)
(income from sale purchase of shares or house)
(income from freelancing or a business or profession)
(Annual Rent Received on Let Out Property)
(Interest Paid on Housing Loan Taken for Rented/ Let-out Property)
(Amount Invested in Life insurance premia,
deferred annuity, contributions to provident fund,
subscription to certain equity shares or debentures, etc.)
(Health Insurance Premium, Preventive Health Checkup for self and family)
(Income from Interest on saving bank Accounts)
(Donations to certain funds, charitable institutions, etc)
(Interest on loan taken for higher education)
(Amount of Housing Loan Sanctined During FY 19-20)
(When HRA not Received )