Sunday, April 14, 2013

INCOME TAX CALCULATOR FY 2013-14 INDIVIDUAL HUF FIRM COMPANY


on Sunday, April 14, 2013


Income Tax calculator for last five years
Income tax calculator for Financial year 2013-14 (Income tax calculator for AY 2014-15)
Income tax calculator for Financial year 2012-13 (Income tax calculator for AY 2013-14)
Income tax calculator for Financial year 2011-12 (Income tax calculator for AY 2012-13)
Income tax calculator for Financial year 2010-11 (Income tax calculator for AY 2011-12)
Income tax calculator for Financial year 2009-10.(Income tax calculator for AY 2010-11)

This calculator can be used for Tax calculation for
(1) Individual   (2) HUF( Hindu Undivided Family)  (3) BOI(Body of Individual ) (4) AOP (Association of Persons)  (5) Cooperative societies  (6) Domestic company  (7) Foreign company  (8) Partnership firm   (9) LLP ( Limited Liability Partnerships)

For individual assessee ,income under different heads and amount of deduction under various section can also filled and accordingly tax can be calculated .However in other case Taxable income is to be filled and tax will be shown in break up of Income tax , Surcharge , Education Cess , Secondary and Higher Education Cess and total tax liability . Calculator is very simple to use. However if any problem then please record your views in comment section.

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  1. oh great ,simple tax India rocking

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  2. Wish this CALC would include the Gross INCOME and DEDUCTIONS thereon computation processes also.
    And FINALLY the GOI should include what is known as "POLITICIANS TAX" so that they need not LOOT the National Exchequer.

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    Replies
    1. There are two calculators ,one is pure tax calculator and other is Income and tax calculator , click on second tab for detailed calculator .Further this calculator is provided by GOVT.

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    2. Yeps. THAT is really EXCITING.Thanks very much for your ready-reckoner.

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    3. One more thing.Wish there were some "details" of Salary income as every individual's paypack is different with different employers.Also the CALC ought to have given PER MONTH Deductions detail and INPUT for Assessee's Name and address.

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    4. Also a field for FY, DOB and also RATES field/SLABs for Detailed CALC of the TAXES along with ITO would have made it a COMPLETE ONLINE SOFTWARE.

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    5. for salaried person we will provide other calculator ASAP

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  3. Not calculating for sr. citizen...Improve with age of the Ind Tax payers..

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    Replies
    1. provision already provided ,select senior citizen in STEP 3

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  4. Please try to provide calculation of Interest U.S. 234 - A to 234-C so it can be useful

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  5. this calculator isn't calculating surcharge for Taxable income above Rs. 1 Cr

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    Replies
    1. Have you selected the correct year , we have checked ,it is ok . Further there is marginal relief for surcharge after one crore ,so keep in mind ,that relief also.
      If above answer is not satisfactory ,then please intimate us ,what you have provided in step i-5 and what is a correct answer according to you

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  6. I'm an Accounting major student and this post will be my reference on my thesis next week. I'm sure that my professor will give me an A+ mark for this! :)

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