Tax Calculator

Section 80C of Income Tax Act, 1961, provides a deduction of Rs.1,50,000 from the gross income. An individual and HUF can reduce the Net Taxable Income by Rs.1.5 Lac., and minimise the tax liability for the financial year.

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Assessment Year 19 - 20


Minimise Your Tax Liability Up To Rs. 46,350
& Enhance Your Wealth

  • Total Deduction


  • Taxable Amount


  • Tax Liability Amount


You will save ₹ 0 if you invest ₹ in ELSS


We Help You in Building Your Wealth!
  • The income tax is collected by the Indian Government in 3 different ways: A. Voluntary Payment by Taxpayers in Banks B. Tax Deducted at Source (TDS) C. Tax Collected at Source (TCS)
  • Yes. The lottery or prize amount is taxed at 30% with no exemption.
  • It is a statement which contains details of TDS, TCS, advance tax, and paid refund. It is maintained and generated by the Income Tax Department for every individual.
  • Tax Deducted at Source (TDS) is the tax which is deducted by the employer from the income. Any tax deducted at the origin of the income is called TDS.
  • Yes. It is mandatory to disclose every source of income even if it is exempted from tax. ITR filling is mandatory for every earning individual liable to pay tax.
  • The last date to file an ITR is 31st July. The last date to make investments under section 80C to reduce the tax liability of the financial year is 31st March.
  • Financial Year (FY) is the year between 1st April and 31st March in which you earn your income while Assessment Year (AY) is the year followed by the financial year in which you have to evaluate the income earned during the previous financial year and pay taxes on it.
  • Yes. Income from the pension is taxed as per the tax slab, however, pensions received from the United Nations Organization is tax-free.
  • Form 16 is a certificate for TDS deductions given by the employer. It also contains the details of salary, allowances, and other deductions.
  • No documents are needed to be attached necessarily unless the Income Tax Department asks you to personally submit documents.
Meet Our Clients
A great thanks to the person who created this tool, as it has helped me very much in the past 2 years, and has literally guided me in saving money. At first I was here just to use the calculator for checking the taxes I have to pay this year. But while entering data I came across the deduction section and from that I got to know about 80C instruments and the benefits they give. In the previous tax filing, I saved around Rs 15000 on taxes and all because of this tool.
Manisha Patni Ahmedabad, Gujarat
The best tax calculator for new tax plan! Absolutely amazing! Thanks to the maker of this fantastic gadget that works so effortlessly and show instant results. I have never thought that I could do it myself. Calculating tax is one of the most critical work for most of the people, and when I am talking solely about me, I am a numeric pundit who knows only addition and subtraction in all. So, for me, it’s really a great tool. Thumbs up guys!!!
Meenakshi Rathode Mumbai, Maharashtra
Tax calculator is a boon for me, as I have always tried to run away from any situation that involved calculations. When my salary became taxable, it became all the more difficult for me until I came across this awesome tool on Mysiponline. I am so happy and relieved to have found it, as a result of which today, I am able to do calculations and invest easily via this platform. Also, finding all the top schemes by different fund houses has only simplified things further. Such a cost and time saving platform!
Aakash Diwakar Haryana, India
I can’t handle my tax calculations without using this amazing Tax Calculator. I checked online and found some websites offering this tool, but most of them were charging a small fee to use it. The only genuine site was mysiponline, where I didn’t have to spend a dime and I could run as many calculations as I wanted just to check how much I am paying this year. A BIG thank you to this team
Kuldeep Shekhawat Bhilwada, Rajasthan
I am using the online tax planning calculator of MySIPonline, and it’s been an amazing experience. I liked the way that has provided it because they made it very easy to use and simple to understand so that any one can use it proficiently. Furthermore, if I say about its accuracy, it just provides exact calculations each time you use. I am not facing any problem now in calculating my taxes; rather I am enjoying it because this online tool is just excellent. Thanks for providing such supportive tool for calculating the typical numbers of tax so easily.
Amit Gaur Bangalore, India
When I first heard about the online Tax Calculator, I found it really hard to believe that such a thing could exist. But on my friend’s insistence, I logged on to MySIPonline and ran some bogus calculations. In the end, I was completely blown away by the accuracy and speed of this tiny but powerful tool. If you’re a taxpayer, I highly recommend that you use it before you actually click on that “Pay” button.
Surbhi Mishra Bharatpur, Rajasthan
I would really say the income tax calculator at my sip online is of great help and interest after personally experiencing the same. It not only gives the amount of tax you are required to pay, but it also suggests you the amount you can save if you have investment in some tax saving scheme. They have built the calculator in a very efficient and user–friendly way. It helps you justify the amount of tax you are paying. A big thumbs up.
Sunil Dave Pune, Maharashtra
Calculating taxes is a real headache. I never come to know what to add and what to deduct. Then I found this tax calculator, which has become my favourite just after my first use. It shows the results without any delay and also suggests me the funds where I can invest to save my taxes. This is one of the most user-oriented tools I have ever used. I am very much thankful to the website MySIPonline for providing a fantastic device.
Mrinal Vyas Delhi, India
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