Income Tax Calculation 2020-21-Top 5 Online Income tax Calculator

The Constitution of India has given power to Government to levy a tax on any income other than agricultural income. The Income Tax Law consists of Income Tax Act 1961, Income Tax Rules 1962, Notifications and Circulars issued by Central Board of Direct Taxes (CBDT). Rates and slabs of income tax is being revised every year at the time of annual budget. It brings confusion amongst the common masses. Everyone wants to know how much tax he / she required to pay by the end of financial year. If the same is the situation with you, no need to wander now. Here is the list of best available online income tax calculator for the year 2020-21.

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Income Tax Calculator by Department of Income Tax

It is one the best and widely used calculator available online.

Click here to Calculate your income tax

This Calculator is generated by the income tax department, Government of India. It is simple to use just fill in your details.

Select Assessment Year => Tax Payer Type => Category of Tax Payer ( Male, Female or Senior Citizen) => Residential Status => Fill in your Salary => Other details as asked by the calculator => Finally Press Calculate.

Income Tax Calculator by Cleartax

It is widely used online calculator.’

Click here to calculate income tax for 2020-21 using Cleartax

It is easiest to use just fill in your details like your age => income details => income from other sources = >savings =>  Finally Calculate 

It will provide income tax one need to pay under Old Scheme and New Scheme.

Income Tax Calculator by ETMoney

Owned by economic times, it is considered as epitome in the field of financial knowledge. 

Click here to calculate Income Tax Calculator by ETMoney

Very simple to use just select your age, city of residence, type of home, type of occupation => Fill in your monthly salary or annual salary => enter your saving => finally calculate.  It will provide you the income tax due.

Income Tax Calculation 2020-21 using HDFC

It is one of the leading bank in India. It is known for it s professionalism in the field of banking. Income tax calculator for calculating income tax 2020-21 is considered as one of the best in the field.

Click here to calculate income tax for 2020-21

Very simple to use, just fill in your details like your date of birth, your income details, your saving, your income from bank interest and other sources and finally calculate.

Income Tax Calculation 2020-21 by Money Control

Founded in 1999, owned by TV18, it is one which made its name in short span of its life.

Income tax calculation provided by Money Control provide flexibility to user to calculate income tax for 2020-21 under new scheme and old scheme simultaneously.

In conclusion, it can be said the using the online calculator for calculating income tax 2020-21, one can easily plan which scheme is to be selected income tax calculation for 2020-21. This helps individual to plan saving and other expenditure for 2020-21.