Budget Is just announced and we have ready with Income tax calculator After Budget 2011 .Yes you can check easily what are the benefits of the change in Personal Income tax easily. Just fill only one cell yellow cell with net taxable income and you will be able to know what is the benefit you got for changes in Tax rates in budget 2011. This calculator is showing tax calculation for male, female and sr citizens and one more new category super senior citizen more than 80 years of age. There is no change in deduction and exemption as direct tax code is coming from fy 2011-12 .So use this calculator and check your tax benefit for changes in budget 2011 now .briefly the benefit to male less than 60 years is of 2060 rs and from age 60-65 benefit to male is 9270 rs . No benefir to woman/female age less than 60 ,age 60-65 female a benefit of 6180 Rs. Further for Sr citizen age more than 80 years residents (male & female both) benefit is 26780 Rs.
Income Tax calculator for after budget 2012 is available here
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