This Excel Utility calculates Income Tax of Salaried Person considering Interim Relief. Prepared by: Sri Somnath Das, Judicial Department, Katwa, Burdwan.
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.
Simple Income Tax Calculator 2016-17
Simple Income Tax Calculator 2016-17 is an Excel Utility which calculates Income Tax of Salaried Person. It also prepares Form 16, Salary Statements, HRA Exemption etc.
Simple Income Tax Calculator 2015-16
Simple Income Tax Calculator 2015-16 is an Excel Utility which calculates Income Tax of Salaried Person. It also prepares Form 16, Salary Statements, HRA Exemption etc.
Income Tax Rates for Assessment Year 2015-16
For Individual (age below 60 years), Income Tax is Nil upto a Net Income of Rs. 2,50,000/-. Ceiling for Tax Exemption amount raised to Rs. 1,50,000/-
Income Tax Rates for Assessment Year 2014-15
For Individual (age below 60 years), Income Tax is Nil upto a Net Income of Rs. 2,00,000/-. Beyond that Tax @ 10% upto Rs. 5,00,000/- and there is a rebate of Rs. 2000/- only.
Simple Income Tax Calculator 2014-15
Simple Income Tax Calculator 2014-15 is an Excel Utility which calculates Income Tax of Salaried Person. It also prepares Form 16, Salary Statements, HRA Exemption etc.