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Budget 2020: Use this income tax calculator to see your take-home salary

Easily calculate your monthly income tax deduction and take-home salary for next year.
Updated Jun 12, 2019 05:48pm

The income tax exemptions announced last year, which had generously excluded everyone with a salary of less than Rs100,000 a month (Rs1.2 million a year) from paying income taxes, have been scrapped.

The PTI government has proposed reinstating taxes on everyone making a salary of more than Rs50,000 a month (Rs600,000 a year). The government has also introduced 11 tax slabs with a progressive taxation rate ranging from 5pc to 35pc of income.

Use the calculator below to calculate your income tax liability and take-home salary for next year.

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