Income Tax Calculator FY 2019-20 (AY 2020-21)


Income Tax Calculator FY 2019-20 (AY 2020-21)

Income Tax Calculator
Income Tax Calculator

New Income Tax Calculator AY 2021-22

Income and Tax Calculator 

Calculate Income Taxonline with  EDUCATIONAL MANTRA  Free Income Tax calculator for AY 2020-21
आयकर गणना प्रपत्र  साफ्टवेयर वित्तीय वर्ष 2019-20 AY 2020-21
आयकर की गणना कैसे करें
      दोस्तो, आपको यहाँ  आयकर गणना  प्रपत्र तैयार करने के  online tool उपलब्ध कराया जा रहा है । इस टूल के माध्यम से आप अपना आयकर गणना प्रपत्र  Computer, Laptop or Mobile से आसानी से बना कर सकते है तथा उसका Print भी ले सकते है।  आपको यहाँ अपनी कुछ जानकारिया देना, जैसे ही आप ये जानकारी देगे तुरंत आपके ईमेल पर पीडीएफ फाइल मे आपका आयकर गणना प्रपत्र भेज दिय जायेगा । यह Income and Tax Calculator सिर्फ नौकरी पेशा या पेंशनर के लिये है, अगर आप कोई व्यवसाय करते है तो यह टूल आपके लिये नहीं है। इसमे अपनी वेतन से आय या अन्य आय 1 अप्रैल 2019 से 31 मार्च 2020 तक की भरना है, ठीक इसी तरह deductions या कटौतिया भी 1 अप्रैल 2019 से 31 मार्च 2020 तक की भरना है, कोई भी कालम खाली नहीं छोड्ना है, अगर कोई कालम आप पर लागू नहीं होता है तो उस कालम में "0" भर कर पूरा करना है।
परामर्श : निर्दिष्टानुसार/प्रकाशन के वर्ष में प्रचलित कानून से संबंधित सूचना। दर्शकों को किसी दस्तावेज पर भरोसा करने से पूर्व सही स्थिति/प्रचलित कानून को सुनिश्चित करने की सलाह दी जाती हैं।
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Income tax Calculator 2022-23



31 मार्च तक कर लीजिये यह काम नहीं तो हो जायेगा PAN deactivated


दावा अस्वीकरण : उक्त कैलकुलेटर केवल सामान्य जन के लिए मूल कर के तत्काल व आसान गणना के लिए हैं तथा इसका अभिप्राय सभी परिस्थितियों में सही कर गणना के लिए नहीं हैं। विवरणी को दाखिल करने के लिए यह सलाह दी जाती हैं कि सटीक गणना प्रासंगिक अधिनियमों, नियमों आदि में सन्निहित प्रावधानों के अनुसार की जा सकती हैं।


नीचे दिये गये Online Income Tax Calculator में आपको निम्नलिखित जानकारियां देनी हैं

वेतन से आय (Income From Salary)

1. Enter your Email ID
Email ID सही लिखे Email ID पर ही आपका आयकर गणना प्रपत्र भेजा जायेगा (Your income tax calculation form will be sent to the email ID you wrote correctly.)
2. Type Your Name
अपना नाम सिर्फ अंग्रेजी के केपिटल लेटर में लिखिये (Write your name only in capital letter of English)
3. Enter your 10 Digit Mobile Number
सही मोबाइल नम्बर लिखिये (Write the correct mobile number)
4. Permanent Account Number (Optional)
स्थायी खाता संख्या (वैकल्पिक) Permanent Account Number (Optional)
5. Select Your Category
1. 60 वर्ष से कम आयु के सामान्य नागरिक. 2. 60 वर्ष से अधिक लेकिन 80 वर्ष से कम के वरिष्ठ नागरिक, 3. 80 वर्ष से अधिक आयु के वरिष्ठ नागरिक (1. Normal Citizen below the age of 60 years 2. senior citizens above 60 years but below 80 years 3. Super senior citizens above the age of 80 years)
6. Select Your Living City
कृपया अपने शहर का चयन करें (दिल्ली, मुंबई, चेन्नई और कोलकाता को मेट्रो शहर माना जाता है)  Please select living city (Delhi, Mumbai, Chennai & Kolkata are considered as metro cities)
7. Salary or Pension (Basic + DA)
वित्तीय वर्ष में प्राप्त वेतन या पेंशन एवं महंगाई भत्ता एरियर सहित (Salary or pension and dearness allowance received in financial year Including arrears)
8. N.P.S. Section 80CCD(1)
वित्तीय वर्ष के दौरान आपके वेतन से काटा गया न्यू पेंशन योजना (N.P.S.) का अंशदान Contribution of New Pension Scheme (N.P.S.) deducted from your salary during the financial year (up to 20%) [u/s 80CCD(1)
9. N.P.S. Section 80CCD(2)
वित्तीय वर्ष के दौरान नियोक्ता द्वारा आपके NPS Account में जमा किया गया का अंशदान Contribution deposited by the employer in your NPS account during the financial year  {u/s 80CCD (2)}]
10. Other taxable allowances
वित्तीय वर्ष में प्राप्त अन्य भत्ते जिन पर आयकर लगता है (Other allowances received in the financial year which attract income tax)
11. House Rent Allowance
वित्तीय वर्ष में प्राप्त गृह भाड़ा भत्ता (House rent allowance received in financial year)
12. Rent Paid in financial year
वित्तीय वर्ष के दौरान दिया गया मकान किराया (House rent given during the financial year)
13. Exempted allowances
वित्तीय वर्ष में प्राप्त अन्य भत्ते जिन पर आयकर नहीं लगता है (Other allowances received in the financial year which do not attract income tax)
14. Professional Tax
वित्तीय वर्ष में कर्मचारी द्वारा दिया गया वृत्ति कर (Profession Tax paid by the employee in the financial year)
15. TDS Deducted
वित्तीय वर्ष में नियोक्ता द्वारा काटा गया आयकर Income tax deducted by the employer in the financial year  (Tax Deducted at Source)
16. Group Insurance Scheme (GIS)
वित्तीय वर्ष में  आपके वेतन से काटी गई अथवा आपके द्वारा समूह बीमा योजना में जमा की गई राशि The amount deducted from your salary in the financial year or deposited by you in the group insurance scheme (GIS)
17. Interest on Housing Loan
वित्तीय वर्ष में स्वयं के कब्जे वाली संपत्ति पर दिया गया अथवा देय आवास ऋण पर ब्याज (Interest on housing loan given or payable on self-occupied property in the financial year)

Income from Let-out Property (संपत्ति से आय )

18. Annual Letable Value/Rent Received or Receivable
वित्तीय वर्ष में प्राप्त मकान संपत्ति से आय (Income from house property received in the financial year)
19. Less: Municipal Taxes Paid During the Year
वित्तीय वर्ष के दौरान संपत्ति पर नगर निगम पलिका / निकाय को दिया गया कर (Tax paid to Municipal Corporation Palika / body on property during the financial year)
20. Interest on Home Loan on Let out property
वित्तीय वर्ष के दौरान  गृह ऋण पर दिया गया ब्याज Let out property (Interest paid on home loan during the financial year)   

Income From Other Sources

21. Bank interest (SB account)
वित्तीय वर्ष में प्राप्त बचत खाते पर ब्याज (Interest on savings account received in financial year)
22. Bank Interest (Term Deposit)
वित्तीय वर्ष में प्राप्त पूंजी से आय जैसे एफ.डी. पर ब्याज आदि (Income from capital received in the financial year)
23. Commission/Other Income
वित्तीय वर्ष में प्राप्त व्यवसाय या वृत्ति के लाभ और अभिलाभ (Profits and gains of business or profession received in a financial year)

Deduction under chapter VI A  

(Section 80C, 80CCC and 80CCD(1) limit 1.5 lakh)
24. Provident Fund G P F / V P F
वित्तीय वर्ष में आपके वेतन से काटा गया अथवा आपके द्वारा जमा किया गया Provident Fund / G P F / V P F(Deducted from your salary or deposited by you in the financial year General Provident Fund/Public Provident Fund/Employee Provident Fund)
25. Life Insurance Premium
वित्तीय वर्ष में आपके वेतन से काटा गया अथवा आपके द्वारा जमा किया गया जीवन बीमा किश्त (Life insurance Premium deducted from your salary or deposited in the financial year  Section 80CCC provides a deduction to an individual for any amount paid or deposited in any annuity plan of LIC or any other insurer.)
26. Tuition Fees for up to 2 children
वित्तीय वर्ष में भुगतान की गई 2 बच्चों तक की ट्यूशन फीस(Tuition Fees for up to 2 children paid in a financial year)
27. Home loan Repayment
वित्तीय वर्ष में भुगतान किया गया गृह ऋण का पुनर्भुगतान (Repayment of home loan paid in financial year)
28. Sukanya Samriddhi Account
वित्तीय वर्ष में सुकन्या समृद्धि योजना में जमा की गई रकम (Amount deposited in Sukanya Samriddhi Yojana in the financial year)
29. N.P.S. Section 80CCD(1B)
एनपीएस में स्व-योगदान के लिए कटौती - धारा 80 सीसीडी (1 बी) एक नया खंड 80 सीसीडी (1 बी) एक करदाता द्वारा अपने एनपीएस खाते में जमा राशि के लिए 50,000 रुपये तक की अतिरिक्त कटौती के लिए जोड़ा गया है। अटल पेंशन योजना में योगदान भी पात्र हैं। Deduction for self-contribution to NPS – section 80CCD (1B) A new section 80CCD (1B) has been introduced for an additional deduction of up to Rs 50,000 for the amount deposited by a taxpayer to their NPS account. Contributions to Atal Pension Yojana are also eligible.
30. Any other Deduction under chapter VI A
अध्याय VI ए के तहत कोई अन्य कटौती (Any other Deduction under chapter VI A)

Deduction under chapter VI A (Otrher)

31. 80D - Mediclaim Insurance (Self & dependent)
चिकित्सा बीमा के लिए भुगतान किए गए प्रीमियम के लिए कटौती (स्व और आश्रित)Deduction for the premium paid for Medical Insurance (Self & dependent)
32. 80D - Mediclaim Insurance (Parents)
चिकित्सा बीमा के लिए भुगतान किए गए प्रीमियम के लिए कटौती (माता-पिता)Deduction for the premium paid for Medical Insurance (Parents)
33. 80E - Interest on education loan
उच्च अध्ययन के लिए शिक्षा ऋण पर ब्याज में कटौती (Deduction for Interest on Education Loan for Higher Studies)
34. Select if 80DD is claimed
80DD - विकलांगों के आश्रित का चिकित्सा उपचार (80DD - Medical Treatment of handicapped Dependent)
35. 80DDB Expenditure on Selected Medical Treatment
80DDB चयनित चिकित्सा उपचार पर व्यय (80DDB Expenditure on Selected Medical Treatment)
36. 80G, 80GGA, 80GGC Donation to approved funds
80G, 80GGA, 80GGC को स्वीकृत धनराशि दान (80G, 80GGA, 80GGC Donation to approved funds)
37. 80GG For Rent to an Individual, not receiving HRA
80GG मकान किराया परंतु मकान भाड़ा प्राप्त नहीं (80GG For Rent to an Individual, not receiving HRA)
38. Select if 80U is claimed
80U शारीरिक रूप से अक्षम (80U - Physically Disable Assesse)

उपरोक्त जानकारी नीचे दिये गये फॉर्म में भरकर अपना आयकर गणना पत्रक डाउनलोड कीजिये

Income Tax Calculator 2021-22

Download Income Tax Computation Sheet












































































1. Section 80C
Deductions on Investments
You can claim a deduction of Rs 1.5 lakh your total income under section 80C. In simple terms, you can reduce up to Rs 1,50,000 from your total taxable income, and it is available for individuals and HUFs.

income tax computation online
deduction under chapter via for fy 2019-20

Income tax Calculator 2022-23

2. Section 80CCC – Insurance Premium
Deduction for Premium Paid for Annuity Plan of LIC or Other Insurer
Section 80CCC provides a deduction to an individual for any amount paid or deposited in any annuity plan of LIC or any other insurer. The plan must be for receiving a pension from a fund referred to in Section 10(23AAB). Pension received from the annuity or amount received upon surrender of the annuity, including interest or bonus accrued on the annuity, is taxable in the year of receipt.  

income tax calculation formula in excel

deduction under chapter vi a in hindi


3. Section 80CCD – Pension Contribution
Deduction for Contribution to Pension Account
a. Employee’s contribution under Section 80CCD (1)
You can claim this if you deposit in your pension account. Maximum deduction you can avail is 10% of salary (in case the taxpayer is an employee) or 20% of gross total income (in case the taxpayer being self-employed) or Rs 1.5 lakh – whichever is less.
b.Deduction for self-contribution to NPS – section 80CCD (1B) A new section 80CCD (1B) has been introduced for an additional deduction of up to Rs 50,000 for the amount deposited by a taxpayer to their NPS account. Contributions to Atal Pension Yojana are also eligible.
c. Employer’s contribution to NPS – Section 80CCD (2) Claim additional deduction on your contribution to employee’s pension account for up to 10% of your salary. There is no monetary ceiling on this deduction.

deduction undersection 80c

income tax calculator in hindi

4. Section 80 TTA – Interest on Savings Account
Deduction from Gross Total Income for Interest on Savings Bank Account
If you are an individual or an HUF, you may claim a deduction of maximum Rs 10,000 against interest income from your savings account with a bank, co-operative society, or post office. Do include the interest from savings bank account in other income.
Section 80TTA deduction is not available on interest income from fixed deposits, recurring deposits, or interest income from corporate bonds.  

इनकम टैक्स कैलकुलेशन फार्मूला

income tax deductions chart

5. Section 80GG – House Rent Paid
Deduction for House Rent Paid Where HRA is not Received
a. Section 80GG deduction is available for rent paid when HRA is not received. The taxpayer, spouse or minor child should not own residential accommodation at the place of employment
b. The taxpayer should not have self-occupied residential property in any other place
c. The taxpayer must be living on rent and paying rent
d. The deduction is available to all individuals
Deduction available is the least of the following:
a. Rent paid minus 10% of adjusted total income
b. Rs 5,000/- per month
c. 25% of adjusted total income*
*Adjusted Gross Total Income is arrived at after adjusting the Gross Total Income for certain deductions, exempt income, long-term capital gains and income related to non-residents and foreign companies.
An online e-filing software like that of ClearTax can be extremely easy as the limits are auto-calculated. So, you do not have to worry about making complex calculations.
From FY 2016-17 available deduction has been raised to Rs 5,000 a month from Rs 2,000 per month.

income tax calculator 2019-20

income tax deductions for ay 2019-20 pdf


6. Section 80E – Interest on Education Loan
Deduction for Interest on Education Loan for Higher Studies
A deduction is allowed to an individual for interest on loans taken for pursuing higher education. This loan may have been taken for the taxpayer, spouse or children or for a student for whom the taxpayer is a legal guardian.
80E deduction is available for a maximum of 8 years (beginning the year in which the interest starts getting repaid) or till the entire interest is repaid, whichever is earlier. There is no restriction on the amount that can be claimed.

tax calculator online

income tax deductions for salaried employees

7. Section 80EE – Interest on Home Loan

Deductions on Home Loan Interest for First Time Home Owners

FY 2017-18 and FY 2016-17 This deduction is available in FY 2017-18 if the loan has been taken in FY 2016-17. The deduction under section 80EE is available only to home-owners (individuals) having only one house property on the date of sanction of the loan. The value of the property must be less than Rs 50 lakh and the home loan must be less than Rs 35 lakh. The loan taken from a financial institution must have been sanctioned between 1 April 2016 and 31 March 2017. There is an additional deduction of Rs 50,000 available on your home loan interest on top of deduction of Rs 2 lakh (on interest component of home loan EMI) allowed under section 24.
FY 2013-14 and FY 2014-15 During these financial years, the deduction available under this section was first-time house worth Rs 40 lakh or less. You can avail this only when your loan amount during this period is Rs 25 lakh or less. The loan must be sanctioned between 1 April 2013 and 31 March 2014. The aggregate deduction allowed under this section cannot exceed Rs 1 lakh and is allowed for FY 2013-14 and FY 2014-15.  

income tax calculator ay 2020-21

8. Section 80CCG – RGESS

Rajiv Gandhi Equity Saving Scheme (RGESS)

The deduction under this section 80CCG is available to a resident individual, whose gross total income is less than Rs.12 lakh. To avail the benefits under this section the following conditions should be met:
a. The assessee should be a new retail investor as per the requirement specified under the notified scheme.
b. The investment should be made in such listed investor as per the requirement specified under the notified scheme.
c. The minimum lock in period in respect of such investment is three years from the date of acquisition in accordance with the notified scheme.
Upon fulfillment of the above conditions, a deduction, which is lower of the following is allowed.
  • 50% of the amount invested in equity shares; or
  • Rs 25,000 for three consecutive Assessment Years.
Rajiv Gandhi Equity Scheme has been discontinued starting from 1 April 2017. Therefore, no deduction under section 80CCG will be allowed from FY 2017-18. However, if you have invested in the RGESS scheme in FY 2016-17, then you can claim deduction under Section 80CCG until FY 2018-19.  

income tax calculator fy 2019-20

9. Section 80D – Medical Insurance

Deduction for the premium paid for Medical Insurance

You (as an individual or HUF) can claim a deduction of Rs.25,000 under section 80D on insurance for self, spouse and dependent children. An additional deduction for insurance of parents is available up to Rs 25,000, if they are less than 60 years of age. If the parents are aged above 60, the deduction amount is Rs 50,000, which has been increased in Budget 2018 from Rs 30,000.
In case, both taxpayer and parent(s) are 60 years or above, the maximum deduction available under this section is up to Rs.1 lakh.
Example: Rohan’s age is 65 and his father’s age is 90. In this case, the maximum deduction Rohan can claim under section 80D is Rs. 100,000. From FY 2015-16 a cumulative additional deduction of Rs. 5,000 is allowed for preventive health check.  

deduction undersection 80c to 80u for ay 2020-21 pdf

10.Section 80DD – Disabled Dependent

Deduction for Rehabilitation of Handicapped Dependent Relative

Section 80DD deduction is available to a resident individual or a HUF and is available on:
a. Expenditure incurred on medical treatment (including nursing), training and rehabilitation of handicapped dependent relative
b. Payment or deposit to specified scheme for maintenance of handicapped dependent relative.
i. Where disability is 40% or more but less than 80% – fixed deduction of Rs 75,000.
ii. Where there is severe disability (disability is 80% or more) – fixed deduction of Rs 1,25,000.
To claim this deduction a certificate of disability is required from prescribed medical authority. From FY 2015-16 – The deduction limit of Rs 50,000 has been raised to Rs 75,000 and Rs 1,00,000 has been raised to Rs 1,25,000.  

आयकर गणना प्रपत्र 2018-19 pdf

आयकर आगणन फार्म 2019-20 pdf

11. Section 80DDB – Medical Expenditure

Deduction for Medical Expenditure on Self or Dependent Relative

a. For individuals and HUFs below age 60
A deduction up to Rs.40,000 is available to a resident individual or a HUF. It is available with respect to any expense incurred towards treatment of specified medical diseases or ailments for himself or any of his dependents. For an HUF, such a deduction is available with respect to medical expenses incurred towards these prescribed ailments for any of the HUF members.
b. For senior citizens and super senior citizens
In case the individual on behalf of whom such expenses are incurred is a senior citizen, the individual or HUF taxpayer can claim a deduction up to Rs 1 lakh. Until FY 2017-18, the deduction that could be claimed for a senior citizen and a super senior citizen was Rs 60,000 and Rs 80,000 respectively. This has now become a common deduction available upto Rs 1 lakh for all senior citizens (including super senior citizens) unlike earlier.
c. For reimbursement claims
Any reimbursement of medical expenses by an insurer or employer shall be reduced from the quantum of deduction the taxpayer can claim under this section.

Also remember that you need to get a prescription for such medical treatment from the concerned specialist in order to claim such deduction. Read our detailed article on Section 80DDB.

 आयकर गणना 2019-20

आयकर गणना प्रपत्र 2019-20 excelsheet

12. Section 80U – Physical Disability

Deduction for Person suffering from Physical Disability

A deduction of Rs.75,000 is available to a resident individual who suffers from a physical disability (including blindness) or mental retardation. In case of severe disability, one can claim a deduction of Rs 1,25,000.
From FY 2015-16 – Section 80U deduction limit of Rs 50,000 has been raised to Rs 75,000 and Rs 1,00,000 has been raised to Rs 1,25,000.  

आयकर गणना प्रपत्र 2019-20 pdf

आयकर आगणन फार्म 2018-19 pdf

13. Section 80G – Donations

Deduction for donations towards Social Causes

The various donations specified in u/s 80G are eligible for deduction up to either 100% or 50% with or without restriction. From FY 2017-18 any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. The donations above Rs 2000 should be made in any mode other than cash to qualify for 80G deduction.

a. Donations with 100% deduction without any qualifying limit

  • National Defence Fund set up by the Central Government
  • Prime Minister’s National Relief Fund
  • National Foundation for Communal Harmony
  • An approved university/educational institution of National eminence
  • Zila Saksharta Samiti constituted in any district under the chairmanship of the Collector of that district
  • Fund set up by a State Government for the medical relief to the poor
  • National Illness Assistance Fund
  • National Blood Transfusion Council or to any State Blood Transfusion Council
  • National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities
  • National Sports Fund
  • National Cultural Fund
  • Fund for Technology Development and Application
  • National Children’s Fund
  • Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund with respect to any State or Union Territory
  • The Army Central Welfare Fund or the Indian Naval Benevolent Fund or the Air Force Central Welfare Fund, Andhra Pradesh Chief Minister’s Cyclone Relief Fund, 1996
  • The Maharashtra Chief Minister’s Relief Fund during October 1, 1993 and October 6,1993
  • Chief Minister’s Earthquake Relief Fund, Maharashtra
  • Any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat
  • Any trust, institution or fund to which Section 80G(5C) applies for providing relief to the victims of earthquake in Gujarat (contribution made during January 26, 2001 and September 30, 2001) or
  • Prime Minister’s Armenia Earthquake Relief Fund
  • Africa (Public Contributions — India) Fund
  • Swachh Bharat Kosh (applicable from financial year 2014-15)
  • Clean Ganga Fund (applicable from financial year 2014-15)
  • National Fund for Control of Drug Abuse (applicable from financial year 2015-16)

b. Donations with 50% deduction without any qualifying limit

  • Jawaharlal Nehru Memorial Fund
  • Prime Minister’s Drought Relief Fund
  • Indira Gandhi Memorial Trust
  • The Rajiv Gandhi Foundation

c. Donations to the following are eligible for 100% deduction subject to 10% of adjusted gross total income

  • Government or any approved local authority, institution or association to be utilized for the purpose of promoting family planning
  • Donation by a Company to the Indian Olympic Association or to any other notified association or institution established in India for the development of infrastructure for sports and games in India or the sponsorship of sports and games in India

d. Donations to the following are eligible for 50% deduction subject to 10% of adjusted gross total income

  • Any other fund or any institution which satisfies conditions mentioned in Section 80G(5)
  • Government or any local authority to be utilized for any charitable purpose other than the purpose of promoting family planning
  • Any authority constituted in India for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns, villages or both
  • Any corporation referred in Section 10(26BB) for promoting the interest of minority community
  • For repairs or renovation of any notified temple, mosque, gurudwara, church or other places.
 आयकर गणना प्रपत्र वित्तीयवर्ष 2018-19 pdf

आयकर गणना प्रपत्र 2020-21

14. Section 80GGB – Company Contribution

Deduction on contributions given by companies to Political Parties

Section 80GGB deduction is allowed to an Indian company for the amount contributed by it to any political party or an electoral trust. Deduction is allowed for contribution done by any way other than cash.  

आयकर गणना प्रपत्र 2019-20 pdf

आयकर गणना प्रपत्र 2018-19 excel sheet

15. Section 80GGC – Contribution to Political Parties

Deduction on contributions given by any person to Political Parties

Deduction under section 80GGC is allowed to an individual taxpayer for any amount contributed to a political party or an electoral trust. It is not available for companies, local authorities and an artificial juridical person wholly or partly funded by the government. You can avail this deduction only if you pay by any way other than cash.  

income tax calculator ay 2020-21

16. Section 80RRB – Royalty of a Patent

Deduction with respect to any Income by way of Royalty of a Patent

80RRB Deduction for any income by way of royalty for a patent, registered on or after 1 April 2003 under the Patents Act 1970, shall be available for up to Rs.3 lakh or the income received, whichever is less. The taxpayer must be an individual patentee and an Indian resident. The taxpayer must furnish a certificate in the prescribed form duly signed by the prescribed authority.

 deduction undersection 80c to 80u for ay 2019-20 pdf

17. Section 80 TTB – Interest Income

Deduction of Interest on Deposits for Senior Citizens

A new section 80TTB has been inserted vide Budget 2018 in which deductions with respect to interest income from deposits held by senior citizens will be allowed. The limit for this deduction is Rs.50,000.
No further deduction under section 80TTA shall be allowed. In addition to section 80 TTB, section 194A of the Act will also be amended so as to increase the threshold limit for TDS on interest income payable to senior citizens. The earlier limit was Rs 10,000, which was increased to Rs 50,000 as per the latest Budget.








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