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Showing posts from April, 2020

Tax Calculator and Income-tax Rates for AY 2020-21 & AY 2021-22

Tax Calculator For resident individuals for FY 2020-21 (AY 2021-22): Click here For all the Assessees up to FY 2020-21 (AY 2021-22): Click here Tax Rates 1 .1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Individuals (Other than senior and super senior citizen) Net Income Range Rate of Income-tax Assessment Year 2021-22 Assessment Year 2020-21 Up to Rs. 2,50,000 - - Rs. 2,50,000 to Rs. 5,00,000 5% 5% Rs. 5,00,000 to Rs. 10,00,000 20% 20% Above Rs. 10,00,000 30% 30% Senior Citizen (who is 60 years or more at any time during the previous year) Net Income Range Rate of Income-tax Assessment Year 2021-22 Assessment...