Tuesday, 18 December 2018

AP Model School Income Tax Calculator for the FY 2017-18 AY 2019-20:

Income Tax Calculator for Individuals for the FY 2017-18 AY 2019-20:


Individuals are required to file income tax return each year if they have taxable income of more than Rs.2.5 lakhs. 

AP Model School Income Tax Calculator for the FY 2017-18 AY 2019-20:

The income tax rate AY 2019-20 or FY 2018-19 for salaried individuals is as follows.
Note: Financial year starts from 1st April and ends on 31st March. For example, the financial year 2018 – 19 would be 1st April 2018 to 31st March 2019. 

Assessment year is the year immediately following the financial year wherein the income of the financial year is assessed. Hence, in the assessment year, 2019–20 the income tax for the period from 1st April 2018 to 31st March 2019 would be assessed.


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