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In case you are new to taxes and investment do read our helpful guide on How to take maximum advantage of Section 80C and choose the best investment to save tax. Section 80C offers more than 10 investments where you can invest to save tax, However many a times you need not actually do this investment as its already covered due to expenses like children tuition fee or automatic EPF deduction for salaried. The only change was the interest earned on contribution of more than Rs 2.5 Lakh in a year through EPF or VPF would be added to the income and taxed at marginal tax rate. There was No major changes in income tax in Budget 2021. 15.4 ✅ What is surcharge on Income Tax?.15.3 ✅ Do NRIs need to pay Income Tax in India?.15.2 ✅ Is Tax Deduction different than Tax Exemption?.
15.1 ✅ Should I go with New or Old Tax Slab?.14 Income Tax Calculator FY 2011-12 Excel.13 Income Tax Calculator FY 2012-13 Excel.12 Income Tax Calculator FY 2013-14 Excel.11 Income Tax Calculator FY 2014-15 Excel.10 Income Tax Calculator FY 2015-16 Excel.9 Income Tax Calculator FY 2016-17 Excel.8 Income Tax Calculator FY 2017-18 Excel.7 Income Tax Calculator FY 2018-19 Excel.6 Income Tax Calculator FY 2019-20 Excel.5 Income Tax Calculator FY 2020-21 Excel.4.5 Step 5: Calculating using Income Tax Formula.4.1 Step 1: Calculate Gross total income from salary:.
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