I have prepared an excel utility to calculate income tax for Financial Year 2013-14 (Assessment Year 2014-15). Kindly let me know how you find the same and how can I improve it further.
Vivek Sang
Thank you members for your suggestions. I incorporated the points suggested by you. Kindly download the latest file attached herewith and let me have your feedback.
One has to mentioned the monthly gross salary and TDS deducted and it will recalculate the remaining tax liability after taking into account the exempted value of savings.
Vivek Sang
Dear Ramsri,
you can input the saving figures like 10000, 20000 etc or whatsoever and see the tax reduction instantly in the right panel This way you can check how much saving you required for tax free income..
ramesh,
two things that i wanted provision in the calculator was
1. tds deducted on the deposits by the bank
2. advance tax paid on other income
can you pls. provide that.
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