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Simple Income Tax Calculator 2015-16

Home Forums Excel Utility Simple Income Tax Calculator 2015-16

Viewing 12 posts - 1 through 12 (of 12 total)
  • Author
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  • #63802
    som
    Participant

    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.
    https://wbxpress.com/simple-income-tax-calculator-2015-16/

    #63803
    Rajendra
    Participant

    I need proforma for 18yr/10-20yr benefit option

    #63804
    baldevjhala
    Participant

    Respected Somnathji, please change in excel utility for income tax for the F.Y. 2015-16 i.e additional tax saving benefit for Rs. 50,000/- u/s. 80 CCd(1B) for NPS scheme saving made. Say Rs. 1,50,000/- total saving exempt u/s. 80 and additional saving for Rs. 50,000/- for saving made in NPS. total saving exempt comes Rs. 2,00,000/-.
    Please rectify the same thing in your valuable excel utility and upload new version urgently please.
    Thanking you in anticipation.

    #63805
    WBXPress Team
    Keymaster

    The new version has been uploaded. Please check it now.

    #63806
    baldevjhala
    Participant

    Respected Somnathji, thank you very much for changing in excel utility for income tax for the F.Y. 2015-16 i.e additional tax saving benefit for Rs. 50,000/- u/s. 80 CCd(1B) for NPS scheme saving made. It is my humble request you to please upload some useful excel registers to be maintain in Government offices like Inward- Outward Registers for Dak with remarks/ Desk Diary for Assistant and other relevant Registers with other editable column for easy routine office work. For that act of help we all Government officers will be highly obliged to you.
    Please rectify the same thing in your valuable excel utility and upload new version urgently please.
    Thanking you in anticipation.

    #63807
    saurav biswas
    Participant

    Sir, where should i put HBL interest exemtion amount under section 24(b)?

    #63808
    som
    Participant

    Just fill the personal data carefully.

    #63809
    Somdeb
    Participant

    Som da, Thank you very much for your generous effort. Its such an useful utility. Only the Educational Cess is not working out correctly . Please check.

    #63810
    som
    Participant

    Difference between straight and break up calculation of Education cess is very marginal and ignorable.

    #63811
    Raj
    Participant

    Som da, Thank you very much for your generous effort. Its such an useful utility. Only the Educational Cess is not working out correctly . Please check.
    Example :- Tax on total income =84970.00 ,
    Add Education & cess @ 2% & 1% = 2549.00

    But your I.T. Calculator 2015-16 shown as Rs. 2532.00 , Please check and clarify.

    #63812
    som
    Participant

    yes, you are right, i
    I shall make necessary changes in the new calculator.

    ________________________________________________________________________________________________________________________________________________________
    (a) Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees).

    (b) Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by education cess calculated at the rate of two per cent of such income-tax and surcharge.

    (c) Secondary and Higher Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at the rate of one per cent of such income-tax and surcharge.
    ______________________________________________________________________________________________________________________________________

    #63813
    WBXPress Team
    Keymaster
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