The annual Union Budget 2020-21, to be presented by the union finance minister Nirmala Sitharaman, is the yearly financial statement that contains the government's revenue and expenditure for a fiscal year.

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As usual, when the union finance minister presents the budget 2020 at 11:00 am, expectations are high for every tax-paying citizens. Here CNBC-TV18 provides you with a handy tool using which you can calculate the amount of income tax that you will have to pay as per the present tax norms.

This takes into account your income and deductions that are available to you in the Income Tax Act to give you an accurate picture of your income tax obligations for the current year.

First Published:Jan 31, 2020 7:55 PM IST