Need Help with Excel File for FY 2017-18 Income Tax and Marginal Surcharge Calculation?

To calculate income tax with marginal surcharge for FY 2017-18 in Excel format, follow these steps:

1. Determine the taxable income for the financial year 2017-18.
2. Calculate the income tax based on the applicable tax rates for that year.
3. Include the marginal surcharge as per the relevant tax regulations.
4. Create an Excel spreadsheet with appropriate columns for income, tax calculation, and surcharge.
5. Input the taxable income into the spreadsheet and apply the tax rates to calculate the income tax.
6. Add the marginal surcharge to the calculated income tax amount.
7. Ensure the Excel formulas are correctly set up to automatically calculate the total tax amount.
8. Double-check the calculations to avoid errors.
9. Save the Excel file and share it with the necessary stakeholders.

By following these steps, you can accurately calculate income tax with marginal surcharge for FY 2017-18 using an Excel spreadsheet.