Saturday, 4 February 2017

Auto Income Tax Calculator Version 12 for FY 2017-18

 After budget 2017, there are many doubts in respect of Key changes in individual taxation which affects the individual tax liability. In news & social media they are writing that there is no tax on annual income of ₹3Lakh. People are taking that tax slab has change from ₹3L to 5l etc.
Actually there are only three new major changes for an individual in this Budget and new slabs are as follows.

1. Tax slab remain same but rate for tax slab of 2,50,000 to 5,00,000 has reduced from 10% to 5% and rest rates are same.
    Now new slabs are     
       For Individual Male/Female with age <60 Yrs         
                                           Up to ₹2,50,000 -   Nil
                               ₹ 2,50,000 to 5,00,000 -    5%
                              ₹ 5,00,000 to 10,00,000 -  20%
                                   ₹10,00,000 & above -   30%
    For senior. Citizen of above 60 Yrs & less than 80 Yrs
                                         ₹ Up to 3,00,000 -    Nil
                                  ₹3,00,000 to 5,00,00 -    5%
                                ₹5,00,000 to 10,00,000 - 20%
                                    ₹10,00,000 & above -   30%
2.  Rebate under section-87A - has been reduced from ₹ 5,000 to 2,500 and eligibility for rebate of Sec 87A has reduced for individual of total income of ₹3,50,000,( instead of ₹ 5,00,000)

3.  Surcharge @ 10% will be charge from income above ₹50 Lakh, up to ₹1 cr  & @ 15% for income above ₹1 Cr. 

You all have to how much tax is payable in financial year 2017-18. This tool of Auto Tax Calculator from Taxationseva will help you to calculate the income tax in very simple way with less time and fewer efforts. After calculate your tax liability you will be able to plan your tax saving accordingly.
As a ready reconer related informations are also hyper linked in simple calculator. So calculate your tax, TDS , Exemptions, Deductions etc and know the related rules.

Monday, 18 April 2016

Auto Income Tax Calculator 2016-17 version 11.0

Download  Auto Tax Calculator Version 11.0 for Financial Year 2016 – 17 and Assessment Year 2017-18.
Financial year 2016-17 has posed start and all have to know that how much tax is payable in this Financial Year. This Auto Tax calculator from Taxationseva will help you to calculate the Income tax, TDS in very simple way with less time & fewer efforts. After that you will be able to planning accordingly.  .  
A clubbed type of calculator "Software Calculator and Simple Excel Calculator" in same work book.                                            
Now you can use anyone or both as per your suitability. Simple calculator is hyperlinked with information and Rules to clear and understand all related aspects.
Download Auto Tax Calculator