Dear Firoj, Income tax will be calculated annually after all deduction Like PF, Medical reimbursement, LTA, Housing Loan interest, Deduction under 80C etc. Hope this calculator will help you.
From India, Mumbai
188From India, Mumbai
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls