Benny Thadathil Started The Discussion:
Simple tax calculator for the use of salaried employees of govt and private sector.
Easy use of calculator- Key in the salary details and investment/tax saving details yellow colored cell to compute the tax.
All Sec 10 exemptions computes on updating the tax saving details based on the income tax criteria. Chapter VI deduction allowed for the salaried employee, which can be approved by employer included.
Sec 80EE- un-availed tax benefit of FY 2013-2014 can be carry forwarded to FY 2014-2015.
Employees who are not getting House rent allowance can claim deduction towards Rent payment u/s 80GG.
Full amount of Employer’s contribution to NPS is tax free, which will be added to income and deducted u/s 80CCD(2).
It allows the user to plan your net take home of every month, with very easy and simple steps, tax calculator is prepared in lines with major payroll vendors process.
This tax calculator can be used to calculate the approximate tax payable by salaried individuals. This should NOT be used to compute the actual taxes to be paid to the Government. The author is not responsible for any inaccuracies in the tax computed by this calculator. If you find any inconsistency, please let me know and I will try to fix it at the earliest.
Reach me @
If you have any insight on this, or if you are looking for information on the same topic, please engage with this member to help add value to this discussion.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> income tax income tax calculator tax calculator tax saving house rent allowance payroll vendors house rent salary details Complete List Of Categories
Interesting Relevant Discussions