Income Tax Calculator for 2008-09: How Quickly Can You Estimate Your Taxes?

Dear Friends,

I have attached an Income Tax calculator in English and Gujarati versions for the financial year 2008-09/Assessment year 2009-10. You can calculate your tax in just 2 to 3 minutes.

Enjoy,
Jitendra PATEL

Dear Jitendra Patel,

Good one. Useful input for all. However, JK18 cell (4.1 Transport Allowance) is not included in the JK25 (Total of 4.1 to 4.5) cell sum formula. Kindly modify this mistake.

Dear Friend - Jitendra,

This might be useful for all. However, you have missed the HRA exemption in this. Please make the modification.

Regards,
Premz

Jithendra,

A very good attempt. Under Deductions, you could have shown some amount against every entry. For the Housing loan interest, you have shown the full exempted amount. This attempt is really appreciable.

Gopan

Dear Mr. JITENDRA,

Thanks for the informative IT Calculation sheet. As pointed out by Mr. Premz and Suthanthira, please do the needful. At the same time, I would like to request to post an attachment to calculate the TAX u/s 89(1). This is to submit the RETURN after splitting the arrears (2006-2008), of which we have received 40% under the 6th Pay Commission.

Thanks in anticipation.

Regards,
Harminder

Hi Jitendra,

Your attempt is quite okay, but there is a need to correct it.

Regards,

Mukesh Sharma
Head - Comp. & Benefits
Arvind Limited
Ahmedabad.

Dear Friends,

The attached tax sheet will help you calculate the tax for all categories and all income. You need to type "M" for male, "F" for female, and "S" for senior citizen to calculate their respective tax. Provide the salary breakup in Sheet 1 and rent details and other saving details in Sheet 2 to calculate the IT. Let me know if you have any doubts.

Priya Maran
priya.maran@i-waves.com
91-9941332695

Hello, I am a healthcare consultant. I receive my salary as a combination of professional fees and a monthly salary. Could you please advise me on the exemptions I can claim before the final income tax calculation? For example, can I claim exemptions for rent paid, conveyance, medical treatment, etc.?

Dear Jitendra,

I presume that the limit/ceiling has been removed on education fees. It can now be claimed up to Rs. 100,000. If this is true, please send us the updated IT calculator in both versions.

Thanks,
Pramod

Dear Jitendra,

Very good attempt, only a few corrections are required. I presume that the limit/ceiling has been removed on education fees. It can be claimed up to Rs. 100,000. If this is true, please send us the updated IT calculator in both versions.

Thanks & Regards,
Pramod Pandey
Administrative Manager
The Crescent Group
Windsor, 2nd Floor,
CST Road, Kalina, Santacruz East,
Mumbai 400098
Tel: +91-22-67033555 (Board)
+91-22-67033549 (DID)
Fax: +91-22-67033556
Cell: +91 9833722600

Dear Jitendra,

Very good attempt and a nice posting; I appreciate your work. Only a few corrections are required. I presume that the limit/ceiling has been removed on education fees. It can be claimed up to Rs. 100,000. If this is true, please send us the updated IT calculator in both versions.

Thanks & Regards,
Pramod Pandey
Administrative Manager
The Crescent Group

Dear Mr. JITENDRA,

I had requested to post an attachment to calculate the TAX u/s 89(1). This is to submit the RETURN after splitting the arrears (2006-2008), of which we have received 40% under the 6th Pay Comm. As I have to submit the split income year-wise (2006-07, 07-08, 08-09) to my employer to get the TAX exemption this AY and for FORM -16, I would request you to send the calculation at the earliest.

Regards,

Harminder :)