No Income Tax should be deposited at the Treasury linked Bank through TR-7 Challan under 8658-Suspense by the DDO/Administrator of LF, PL, Other Deposit Account/Individual.
Income Tax Department, Govt. of India
The vision of Income Tax Department is to be a partner in the nation building process through progressive tax policy, efficient and effective tax administration and improved voluntary compliance.
Features of this Income Tax Calculator: Single sheet Computation Form. Print Computation Form in a single A4 size paper and the salary sheet on the reverse side conveniently.
Simple Income Tax Calculator 2017-18 is an Excel Utility which calculates Income Tax of Salaried Person. It also prepares Form 16, Salary Statements, HRA Exemption etc.
Interest on borrowed capital for House Building Advance would be on the basis of accrual of interest which would start running from the date of drawal of the advance.