Wednesday, 19 December 2018

AP/TS Income Tax Software for the FY 2017-18 and AY 2018-19.Prepared by K.S.S Prasad

Income Tax Software for the FY 2017-18 and AY 2018-19.   



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

Income Tax Rate AY 2019-20, FY 2018-19 – Individuals less than 60 years:
Taxable income  – Tax Rate
Up to Rs. 2,50,000 – Nil
Rs. 2,50,000 to Rs. 5,00,000 – 5%
Rs. 5,00,000 to Rs. 10,00,000 – 20%
Above Rs. 10,00,000 – 30%

Income Tax Rate AY 2019-20, FY 2018-19 – Individuals between 60 years and 80 years:

Taxable income – Tax Rate
Up to Rs. 3,00,000 – Nil
Rs. 3,00,000 to Rs. 5,00,000 – 5%
Rs. 5,00,000 to Rs. 10,00,000 – 20%
Above Rs. 10,00,000 – 30%

Income Tax Rate AY 2019-20, FY 2018-19 – Individuals above 80 years:
Taxable income – Tax Rate
Up to Rs. 5,00,000 – Nil
Rs. 5,00,000 – Rs. 10,00,000 – 20%
Above Rs. 10,00,000 – 30%

Sri K.S.S Prasad Sir AP/TS IT Software 2018-19 (Updated                )-Download
1) C.Ramanjineyulu Sir Income Tax Software 2018-19 (updated 14-12-2018)– Download
2) Vijay Kumar Sir Income Tax Software 2018-19 (updated 14-12-2018)– Download
3) Putta  Income Tax Software 2018-19 (updated 14-12-2018)– Download
Instruction To DDOs and Employees to Pay IT
AP Model School Income Tax Software 2018-19 - Download
Mobile Tax Income Tax Software 2018-19 -Download
CPS Employees income tax 2017-18 Clarification of 80CCD 1B Copy Download

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