This Calculator will be used to compute the Tax for salaried individuals only. You can compute your tax liability for the year and plan your investments accordingly.
For detils of Assumptions & Income tax rules followed for the calculator Read - Income Tax - Some Common Rules & Regulations
Word of Cautions for using the sheet:
Only Orange Cells are input cells.
Do not change any other cells as this may lead to Incorrect calculation.
Do not leave any orange cell blank. This may lead to incorrect calculation. Instead, enter 0
Limitations of the calculator:
This calculates Income tax only for people who have no losses/gains from House property or have a maximum of 1 House.
You can also download this sheet in Excel format on your system for offline calculations.
Disclaimer: I am not a tax consulatant. I have tried to incorporate all the Income tax rules & regulations best known to me. Its always advisable to consult an expert or a tax consultant to cross verify your tax liability.
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