Income Tax Calculation 2020 – 2021

It is now an optional if you like to take this new option or not. For a salaried middle class person I suggest don’t go for this new option you will end up with a loss.

I have explained with a detail sample calculation. You can download the excel sheet link below and fill only the cells marked in yellow color and which ever is applicable for you.

Excel Download link: 

https://drive.google.com/open?id=1dduurYbawl26wVRCcdmBQ0LsvHdUm3AD

LEAVE A REPLY

Please enter your comment!
Please enter your name here