Simple Income Tax Calculator 2014-15

This topic has 19 replies, 5 voices, and was last updated 9 years ago by baldevjhala.

Viewing 10 posts - 11 through 20 (of 20 total)

← 1 2

Author

Posts
September 13, 2014 at 3:56 pm #62770

Anonymous
Inactive

Sir,You are brilliant

September 16, 2014 at 8:59 pm #62771

Anonymous
Inactive

What is unprotect password

September 17, 2014 at 12:33 pm #62772

Anonymous
Inactive

Just excellent !

September 18, 2014 at 10:04 pm #62773

Anonymous
Inactive

Is it for pension plan or non pension plan salaried employees ???????????

September 28, 2014 at 11:04 pm #62774

Anonymous
Inactive

Password is not required. The necessary cells are kept unprotected.

February 7, 2015 at 10:53 pm #62775

WBXPress Team
Keymaster

Hello Mr. Das, I used this wonderful utility. It is very nice.
But, there is a minor mistake, i think, in computation sheet, while calculating 3% educational cess. it is not showing exact figure. for example, tax payable=17016/-, education cess should be 510/- but it is showing 507/-. please correct it and oblige.
thanks,
asif

February 8, 2015 at 11:15 pm #62776

som
Participant

3% cess has been separated in two slab. Firstly deducted 2% as education cess and there after 1% as SHEC and I think it is the correct procedure. If the whole amount is deducted with 3%, you will get a different figure which is very marginal and the same is always ignorable as the income tax department doesn’t care the marginal amounts upto rupees 100.

March 4, 2015 at 12:41 pm #62777

baldevjhala
Participant

Hello Mr. Das, You are brilliant I used this wonderful utility. Just excellent and very nice.
But, there is a minor mistake there i.e. Trans. All. maximum exempted for Rs. 800/- for the F.Y. 2014-15 say Total Rs. 9,800/-. And Trans. All. for the F.Y. 2015-16 will be exempted for Rs. 1,600/- P.M. say total Rs. 19,200/- . Therefore, you are kindly be requested to please modify the same and please upload the same utility tool for the F.Y. 2015-16.

Thanking you anticipation,

March 14, 2015 at 8:08 pm #62778

som
Participant

What do you mean by Trans. All? Please let me know the details of the exemption and how do you want to show it. It will be a good help to me if you kindly send me a sheet showing the details of the same. I shall make necessary changes to the new utility which I shall prepare for the financial year 2015-16 after acceptance of the Union Budget.

March 28, 2015 at 6:02 pm #62779

baldevjhala
Participant

Thanks ,Trans. All. means Transport Allowance which has been shown in your excel utility under Other Allowance head and shown in Col. as T.A. and it can be option either exempted from salary. However, if we take exempted option, it will remove full amount of Transport Allowance (T.A.). But it actually exempted up to certain limit as stated earlier i.e. Trans. All. maximum exempted for Rs. 800/- for the F.Y. 2014-15 total for the F.Y. Rs. 9,800/-. Exempted and Trans. All. for the F.Y. 2015-16 will be exempted for Rs. 1,600/- P.M. total Rs. 19,200/- after acceptance in Union Budget. Also, the Trans. All. to Physically Handicapped Person will be double amount as against normal person and same way the exemption will also be double as per the I.T. Act, Therefore, please confirm before making changes..

Thanking you anticipation,
Author

Posts

Viewing 10 posts - 11 through 20 (of 20 total)

← 1 2

You must be logged in to reply to this topic.