How Are You Preparing Your Income Tax Declaration for 2012-13? Let's Discuss!

The current year 2012-13 Excel file is ready for Income Tax Declaration and calculations.

Best Regards,
Joseph

Thank you, Joseph Patrao. Your explanation of tax calculation was very helpful. There are a few mistakes that could be improved, but overall, it's great work. Thanks again.

Hi Joseph, thank you for the informative explanation. Since you mentioned LTA and Medical as tax benefits, is it possible to claim them during ITR filing if my employer does not provide these allowances? Would I be able to claim them if I have valid proofs?

Thanks,
Karthik

My name is Vikram Sharma. Our salary earning is 25,200 per annum. Insurance paid is 400, Mediclaim is 9,000, PF deducted is 780, PPF deposited is 8,500, and rent paid is 48,000.

Request for Assistance in Income Tax Computation

Please assist in computing the income tax and guide on how to file income tax returns. Your help in this matter would be greatly appreciated.

Thank you,

Vikram