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Assessment Year

 
 
Tax Payer

 
 
Male / Female / Senior Citizen

 
 
Male / Female / Senior Citizen

 
 
Residential Status

 
  I
Income from Salary ( Income from salary after standard deduction of Rs. 40000. ) ( Income from salary after standard deduction of Rs. 50000. )

 
 II
Income from House Property

 
a
Income from Self-occupied Property
 
Interest Paid/Payable on Housing Loan
 
1.  Interest on Housing LoanHelpCurrent year’s interest plus 1/5th of interest pertaining to pre-construction period
 
2.  Current year interest
 
2.  Income from Self-occupied House Property
b
Income from Let-out Property
 
1.  Annual Letable Value/Rent Received or Receivable HelpHigher if let out for whole of the year, lower if let out for part of the year
 
2.  Less: Municipal Taxes Paid During the Year
 
3.  Less:Unrealized Rent
 
4.  Net Annual Value (1-(2+3))
 
5.  Less: Deductions from Net Annual Value
 

i.  Standard Deduction @ 30% of Net Annual Value

 

ii.  Interest on Housing LoanHelpCurrent year’s interest plus 1/5th of interest pertaining to pre-construction period

 

ii.  Interest Paid/Payable on Loan

 

during Pre-construction period (1/5)

 

b.  Current year interest

 
6  Income from Let-out House Property
 III
Capital Gains

 
I
Short Term Capital GainS (Other than covered under section 111A)
 II
Short Term Capital GainS (Covered under section 111A)
 III
Long Term Capital Gains (Charged to tax @ 20%)
 IV
Long Term Capital Gains (Charged to tax @ 10%)
 V
Long Term Capital Gains (Covered under section 112A)
Note: If transfer takes place after July 10, 2014, the concessional rate of 10% will not be available in case of LTCG which arises on transfer of units.
 IV
Income from Other Sources

 
I
Interest
 II
Dividend
 II
Commission/Other Income
 III
Winnings from Lottery, Crossword Puzzles, etc.
  V
Profits and Gains of Business or Profession (enter profit only)

 
VI 
Agricultural Income

 
 VII
Deductions from Gross Total Income

 
I
Life Insurance premium paid
II
Payment for annuity plan
III
Contribution toward provident fund / PPF
IV
Investment in NSC (VIII issue) + Interest
V
Contribution toward ULIP
VI
Contribution toward notified pension fund by MF/UTI
VII
Re-payment of housing loan etc.
VIII
Tuition fees paid for children
IX
5 Years fixed deposit with PO or Schedule Bank
X
Contribution toward NPF
XI
Employee's contribution toward NPS (up to 10%) (u/s 80CCD)
XII
Employer's contribution toward NPS (up to 10%) (u/s 80CCD)
XIII
Long-term infrastructure bonds (u/s 80CCF)
XIV
Investment under equity saving scheme (u/s 80CCG)
XIV
Any other deductable (u/s 80C)
 
TOTAL
a
Medi-claim premium (u/s 80D)
b
Donations (u/s 80G)
c
Deduction for maintenance / medical treatment of dependent (u/s 80DD)
 
 
d
Interest on loan for higher education (u/s 80E)
e
Interest payable on loan for residentials house property (u/s 80EEA)
f
Interest payable on loan for purchase of electric vehicles (u/s 80EEB)
g
Interest on loan taken for Residential House (u/s 80EE)
h
Deduction in case of a person with disability (u/s 80U)
 
 
i
Interest on deposits in saving account (u/s 80TTA)
j
Any other deductions
Taxable Income
Income Liable to Tax at Normal Rate
---
Short Term Capital Gains (Covered u/s 111A)
15%
Long Term Capital Gains (Charged to tax @ 20%)
20%
Long Term Capital Gains (Charged to tax @ 10%)
10%
Long Term Capital Gains (Covered under section 112A)
10%
Winnings from Lottery, Crossword Puzzles, etc.
30%
Income Tax Payable
Surcharge
Health and Education Cess @ 2%
Total Tax Liability

As per Finance act, 2019
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