How to calculate income tax in a step by step manner?Income tax computation has been a daunting task for common people. So, we aim to explain the income tax computation in a step by step manner. Income tax can be computed in 4 stepsStep 1: Compute income from all sourcesStep 2: Calculate net taxable incomeStep 3: Compute income tax based on slabsStep 4: Finalize income tax (Apply CESS, rebate, surcharge)How to fine income tax returns for Assessment year 2020-21?Video link: https://www.youtube.com/watch?v=rWU1hAOGCwI&t=2sHow to calculate House Rent Allowance exemption?Video link: https://www.youtube.com/watch?v=bzGiwXaSMSk&t=43sIncome tax returnsIncome tax returns AY2020-21Income tax returns Assessment Year 2020-21ITR AY2020-21Income tax returns calculationHow to calculate income tax?How to calculate income tax in?Tax SlabsTax rateTax rebateSec 80CSec 80DSec 80EHouse Rent AllowanceSurchargeTax ExemptionsDeducationsSec 8087A