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Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the finance bill 2015.

Tax slabs;

Rates for Individuals below 60 years

Income slabs Income tax rate

Income up to Rs. 2.50 lakhs Nil

Rs. 2.50 to Rs. 5 lakhs 10%

Rs.5 Lakhs to Rs. 10 Lakhs 20%

Rs. 10 lakhs above 30%

Rates for Individuals below 60 years below 80 Years

Income slabs Income tax rate

Income up to Rs. 3 lakhs Nil

Rs. 3 to Rs. 5 lakhs 10%

Rs.5 Lakhs to Rs. 10 Lakhs 20%

Rs. 10 lakhs above 30%

Rates for Individuals 80 years & above

Income slabs Income tax rate

Income up to Rs. 3 lakhs Nil

Rs. 3 to Rs. 5 lakhs Nil

Rs.5 Lakhs to Rs. 10 Lakhs 20%

Rs. 10 lakhs above 30%

Surcharge of 12% on Income tax those taxable income exceeds Rs.1.00 crore will apply.

Education cess will apply 3% on the Income tax & Surcharge will apply for all.

Section 80C gives deduction for various savings schemes upto Rs. 1.50 lakhs and additional deduction of Rs.50,000 towards investment in NPS under 80CCD (1b).

Attached Files
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File Type: xls Income_Tax_Calculator_2015-16.xls (119.0 KB, 823 views)

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Hi Benny,
Can you please send me latest calculator for year 2017-18. My personal email id is .
Income tax calculator for the FY 2017-18 enclosed. Please review.
Regards,
benny

Attached Files
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File Type: xls Income_Tax_Calculator_2017-18.xls (1.53 MB, 102 views)

Hi Benny,
Please share password
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