Table Of Contents
Latest update [menu]
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
Description [menu]
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/
How to install Income Tax Calculator Optimize APK for Android [menu]
Download Income Tax Calculator Optimize APK file (nilesh.itcalculator_9_2559312.apk) from SameAPK.com, then follow these steps:
Update Phone Settings
- Go to your phone Settings page
- Tap Security or Applications (varies with device)
- Check the Unknown Sources box
- Confirm with OK
Go to Downloads
- Open Downloads on your device by going to My Files or Files
- Tap the APK file you downloaded (nilesh.itcalculator_9_2559312.apk)
- Tap Install when prompted, the APK file you downloaded will be installed on your device.
How to install Income Tax Calculator Optimize APK on Windows 7/8/10 or MAC PC? [menu]
Download Income Tax Calculator Optimize APK file(nilesh.itcalculator_9_2559312.apk) from SameAPK.com to your PC (ex: /Users/xxx/Downloads/(nilesh.itcalculator_9_2559312.apk)), then follow these steps:
Using Emulator:
- Download And Install one Emulator Softwares (Ex: Bluestacks, GenyMotion, NoxPlayer)
- Simple install APK on PC by drag and drop file nilesh.itcalculator_9_2559312.apk on Emulator screen
Income Tax Calculator Optimize APK Pros & Cons [menu]
Pros
- This app is safe, it's not require high risk permissions
- Compatible with 32 bit device (most Emulator using 32bit arch CPU)
- Compatible with 64-bit device (some android device and current Bluestacks)
Cons
Everything is good.
