Income Tax Calculator Optimize
ID: nilesh.itcalculator
-
Version:
Varies with device
-
Update on:
2019-11-06
Download APK now
Warranty safe installation, no addition ads or malware
The description of Income Tax Calculator Optimize
Calculate and Optimize you tax outgo by restructuring income, investments and expenses.
Feature
- Calculate Income Tax payable for Financial Year FY 2018-19 , FY 2017-18, FY 2016-17
- Share or Email details with client/family members
- Calculation as per Category like Male, Female, Senior Citizen, Super Senior Citizen
- Help on different deductions - explanation text and maximum allowed limit
- Section 80C, 80D Health Insurance
- Deduction u/s 80CCD National Pension System (NPS)
- Deduction u/s 80DD Medical disability of dependents
- Deduction u/s 80DDB Medical Expenditure for specified diseases
- Deduction u/s 80U Self disability
- Deduction u/s 80E Interest on education loan
Example Income Tax Calculation,
Financial Year: FY 2018-19
Category: Male
Gross Total Income: 7,20,000
Total Allowances: 0
Interest Paid on Home Loan:0
Deduction u/s 80C: 1,50,000
Deduction u/s 80D: 35,000
Total Deductions: 1,85,000
Standard Deduction: 40,000
Taxable Total Income: 4,95,000
Tax Payable on Total Income: 12,250
Rebate u/s 87A: 0
Surcharge: 0
Health and Educational Cess: 490
Total Tax, Surcharge and Educational Cess (Payable): 12,740
Please send suggestions and issues to my E-mail address [email protected] or visit http://www.financialcalculatorsapp.com/
Feature
- Calculate Income Tax payable for Financial Year FY 2018-19 , FY 2017-18, FY 2016-17
- Share or Email details with client/family members
- Calculation as per Category like Male, Female, Senior Citizen, Super Senior Citizen
- Help on different deductions - explanation text and maximum allowed limit
- Section 80C, 80D Health Insurance
- Deduction u/s 80CCD National Pension System (NPS)
- Deduction u/s 80DD Medical disability of dependents
- Deduction u/s 80DDB Medical Expenditure for specified diseases
- Deduction u/s 80U Self disability
- Deduction u/s 80E Interest on education loan
Example Income Tax Calculation,
Financial Year: FY 2018-19
Category: Male
Gross Total Income: 7,20,000
Total Allowances: 0
Interest Paid on Home Loan:0
Deduction u/s 80C: 1,50,000
Deduction u/s 80D: 35,000
Total Deductions: 1,85,000
Standard Deduction: 40,000
Taxable Total Income: 4,95,000
Tax Payable on Total Income: 12,250
Rebate u/s 87A: 0
Surcharge: 0
Health and Educational Cess: 490
Total Tax, Surcharge and Educational Cess (Payable): 12,740
Please send suggestions and issues to my E-mail address [email protected] or visit http://www.financialcalculatorsapp.com/
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Income Tax Calculator Optimize Varies with device APK for Android Varies with device+
Version | Varies with device for Android Varies with device+ |
Update on | 2019-11-06 |
Installs | 10.000++ |
File size | 2.559.312 bytes |
Permissions | view permissions |
What's new |
Updated for FY 18-19 - Standard deduction for salaried individuals for transport and health at Rs 40,000 - Health and education cess increased to 4% from 3% - Exemption for health insurance for seniors under section 80D maximum up to Rs 50,000 per year - Medical expense deduction for seniors with critical illnesses under section 80DDB raised to Rs 1 lac |
Versions history:
- 1. LATEST. Income Tax Calculator Optimize Varies with device APK (2019-11-06, 2 MB)
- 2. Income Tax Calculator Optimize 7.2.2 APK (2017-02-07, 2 MB)
- 3. Income Tax Calculator Optimize 7.2 APK (2017-02-05, 2 MB)
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