To calculate the Income Tax liability:
i) select the financial year from FY 2019-20 & FY 2020-21 and Age bracket.
ii) enter income details like basic salary, HRA, House property loss, other incomes and allowances.
iii) to Calculate eligible Chapter VI A deductions enter investments made u/s 80C, 80CCD, medical expenses, insurance premium paid, donations, etc.
iv) the Income Tax Calculator will calculate your Gross Total Income, eligible Deductions, and compare your total tax liability under the Old tax regime and New Tax Regime.