Finance Minister has Just announce the Income Tax rates for Individuals , HUF(Hindu Undivided Family ),Female Senior citizen and very senior citizen In Union Budget 2012-13 and these rates are applicable for Financial year 2012-13 .We have prepared a small Calculator which will help you to calculate the tax benefit due to change in Income Tax rates and changes in slabs. You just have to click on "click on edit" button and then fill your taxable income in yellow cell , income tax benefit for Financial year 2012-13 due to union budget 2012-13 will be shown to you. Income tax calculation is shown for Individual less than 60, female less than 60 and individual between 60 to 80 year and very senior citizen above 80Years separately for each categories.
Finance Minister has Increased the exemption Limit to 2,00,000 from earlier 1,80,000 .Further Tax slab for 20% has now extended up to 10 Lakhs . No change in exemption limit for senior citizen and very senior citizen. After implementation of these limit and changes maximum benefit to females assessee less than 60 is 21630 , male less than 60 will be 22660 and senior citizen and very senior citizen tax benefit will be 20600.
Tags:Income tax rates after Budget 2012-13.Income Tax rates slabs, benefit of tax after budget, union budget , changes in tax rates , tax calculator after budget , income tax calculation after budget 16.03.2012 Report error in comment box below.,
Finance Minister has Increased the exemption Limit to 2,00,000 from earlier 1,80,000 .Further Tax slab for 20% has now extended up to 10 Lakhs . No change in exemption limit for senior citizen and very senior citizen. After implementation of these limit and changes maximum benefit to females assessee less than 60 is 21630 , male less than 60 will be 22660 and senior citizen and very senior citizen tax benefit will be 20600.
Tags:Income tax rates after Budget 2012-13.Income Tax rates slabs, benefit of tax after budget, union budget , changes in tax rates , tax calculator after budget , income tax calculation after budget 16.03.2012 Report error in comment box below.,
How to get Income Tax Calculator free. is there is any website pls send me the address pls
ReplyDeleteHi
ReplyDeleteEven I have posted downloadable Income Tax Calculator for FY 2012-13 in excel. Please check it out on my blog and let me know if you have any suggestions.
hii
ReplyDeleteI have drawn my monthly salary as follows
pay15860+GP4200+DA13039+HRA1003=34102
But i have paid House rent RS-4500 per month and professional tax 2500 and i have save 1lac in saving side then what my monthly income tax which will be deducted from monthly salary. purna chandra palei.
Your approx taxable salary is 33000 and yearly is 366000(HRA is not taxable).Further DA is going to be increase by 7 % from 1.1.12 which means 1400 per months for 14months =20000 appox so total taxable salary
ReplyDelete366000+20000-2500=383500 say appox 385000 if you dont use section 80C or other deductions then your tax liability is 18500+3 % cess
if you use 80C then taxable income reduced to 285000 and tax only 8500 plus 3 % cess
Can you post income-tax-calculator for 2012-13 for salaried individuals in excel format like the one you provided in 2010-11 similar to http://www.simpletaxindia.net/2010/06/income-tax-calculator-2010-11-salaried.html
ReplyDeleteyes we can but only after passing of Finance Bill 2012
Deletei think finance bill 2012 has been passed but still we are not able to download income-tax-calculator for f.y. 2012-13
Deleteit is already available through yr esteemed simple taxindia
Deletethanks for that.
sir,
ReplyDeletewe have download for making 16 form generation in excel format previous year from your website. tax on total income i,e row no-94, you have calculation up to 160000/-. pl now put on the sheet up to 180000/-
Kamal Saha
where it is given and why you are using old form not current form
Deletesir,
ReplyDeletewe have download for making 16 form generation in excel format previous year from your website. tax on total income i,e row no-94, you have calculation up to 160000/-. pl now put on the sheet up to 180000/-
Kamal Saha
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ReplyDelete