Step 14: Check your income tax payable as per old and new regime. Note: You should input all monetary values in rupees. Highlights of Changes in FY 2019-20 in Income Tax return Form: Standard deduction enhanced for salaried persons from 40,000 to 50,000 in FY 2019-20. Step 14: Check your income tax payable as per the old and new regimes. Step 13: Lastly, check all the details thoroughly and hit on calculate after entering your personal details. Step 12: Finally under the investment details section you need to insert your employer’s contribution towards the National Pension Scheme (NPS) and your monthly home rent expense. Step 11: Now you need to provide your income from interests that are eligible for deduction under the Income Tax Act 1961. Step 10: Then you need to enter the interests paid towards home loan and education loan, if any. Step 9: The next step is to input your medical insurance premium amount, if any. Investments include the Standard Deduction, Section 80C investments, Section 80CCD (1B) investments, and any other tax-saving options that you are eligible for. Provide income in the form of gross income for fiscal year 2023-24. Step 8: Then you need to enter your professional tax amount. Download the FY 2023-24 Income Tax Calculator Excel to your device. Step 7: Now under the Investment Details section first enter your total invested amounts in the allotted tabs as per Income Tax Act 1961. Then click on the “Continue” button to proceed further. ![]() Step 6: The last step under the Basic Details options is to write your annual house rent allowance. ![]() If your city is not among the given options then select the “other” option. ![]() Step 5: Your next step is to select your city from the drop down menu. Step 3: Now you need to insert your gross annual income under the allotted section. Step 2: Next step is to select your age group from the three given age range classifications. Step 1: Under the Basic Details section first select your gender from the given options: (Male/Female/Transgender). Just follow the simple steps given below. ![]() You can easily identify the amount you need to pay as income tax based on your salary by using the calculator.
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