Latest Simple Income Tax Calculator FY 2014-15
Simple tax calculator for the use of salaried employees of govt and private sector, basis the latest budget changes.
Increase of Basic exemption limit:
Major expectation of increase in basic exemption limit has been given in the budget; the limit has been increased from Rs.2 lakhs to Rs. 2.50 lakhs for individuals except senior citizens and for senior citizens between 60 to 80 years has been increased from Rs. 2.50 lakhs to Rs. 3 lakhs. The revised income tax slabs are given below the table
Increase in limit under section 80C:
Section 80C gives deduction for various savings schemes till now Rs. 1 lakhs has been enhanced to Rs. 1.50 lakhs .
Increase in housing interest deduction:
Existing limit of Rs.1.50 lakhs for self occupied property interest deduction has been enhanced to Rs. 2 lakhs.
Increase in housing interest deduction:
Existing limit of Rs.1.50 lakhs for self occupied property interest deduction has been enhanced to Rs. 2 lakhs.
Categories: HR Tags: INCOME TAX CALCULATOR
Income Tax Calculator – Version 11
Download the new version of Income Tax Calculator. This will really help to make financial planning for the current year.
Categories: HR Tags: INCOME TAX CALCULATOR
New Tax Calculation Sheet 2010-2011
I have attached latest income tax calculator for financial year 2009-10 and assessment year 2010-11. Open attachment and fill up details. you can calculate easily your tax. also there is form 16.
Categories: Tax Format Tags: FORM 16, INCOME TAX CALCULATOR