Income Tax Calculator India for Financial Year 2020-2021

Calculate Your Income Tax (India) 2020-2021

Under Old Regime (e.g., 80C, 80D, HRA, Standard Deduction ₹50,000 for salaried).

Your Estimated Tax Liability

Taxable Income
Income Tax before Surcharge & Cess
Surcharge
Health & Education Cess (4%)
Total Income Tax Liability

Note: This calculation is for FY 2020-21 (AY 2021-22) and is an estimation. Please consult a tax professional for personalized advice.

Use our online Income Tax Calculator India 2020-2021 to quickly estimate your tax liability for the assessment year 2021-22. Compare the old and new tax regimes, understand deductions, surcharge, and cess, and optimize your financial planning effortlessly.

Formula:

Income Tax = (Taxable Income × Applicable Slab Rate) + Surcharge + Health & Education Cess - Rebate u/s 87A

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