Dear Manoj Devda,
The file provided by you is a good one.
There is some mathematical error while calculating the due tax amount.
The correct structure of the Taxability of Income in the IT Act for assessment year 2013-14 relevant to Financial Year 2012-13 is as under -
Income Upto 200000 NIL
Income 200000 - 500000 @ 10 % on income exceeding Rs, 2,00,000/-
Income 500000 - 1000000 @ 20 % on income exceeding Rs. 5,00,000/- plus Rs. 30,000/- being 10 % on 3,00,000/- initial slab (500000-200000)
Income Above 1000000 @ 30 % on income above Rs. 1000,000/- plus Rs. 130000/-.
Please make certain correction in the Excel Sheet.
The effort and presentation is good and appreciable.
Regards,
SP Maheshwari