Download Income Tax Calculator 2012-13 in Excel

Income Tax Calculator in Excel

Download this crisp & flexible income tax calculator to estimate your clients’ & your tax liability for income earned in financial year 2012-13. It incorporates the changes in tax slabs announced by Finance Minister in the Union Budget.

Please note this is not a comprehensive calculator… but meant for giving a quick idea both of income tax liability to clients and planners. Its a little fun too, so play around with it :-) I have added a small calculation in the end called “income tax ratio” – know how much percentage of your monthly income actually goes to government through direct taxes. And after you are done with all this – plan how to mange the money which remains in your pocket. Being a Financial Planner, I just can’t miss telling this. It also has HRA Exemption Calculator for quickly taking this aspect into account while calculating Income Tax.

Download Income Tax Calculator 2012-13 in Excel

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05 Comments

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  1. Thanks Sadique for your expeditious action.

  2. S

    Thanx, sadique for such an excellent calc & that too so expressly provided.

  3. Hi Sadique

    Thanks for this calculator, its really useful and quick way of calculating the tax liabillity.

    Abhinav

  4. Thank you verymuch Sadique. This most simple and useful calculator.

  5. Please Check – Exemptions u/s 10 A about conveyance.

  6. how to calculate salary income with agri.income.

  7. s

    Sir

    I have tried to get result from your tips but unable to get the desired results, the tax slabs and its computation is here under for kind help:

     

    Slabs

    Tax Applicable

    Terms based on Progressive

    From

    To

    Rates

     

     

    400000

    0

    0

    400001

    750000

    5

    Max in current slab 17500

    750001

    1500000

    10

    Max in current slab 17500+10%

    1500001

    2000000

    15

    Max in current slab 95000+15%

    2000001

    2500000

    17.5

    Max in current slab 175000 + 17.5%

    2500001

    999999999999999

    20

    Max in current slab 420000 + 20%

    Kindly advise.

  8. please send working for a male propertot of a small company tax payable.

    Accounting year -12-13–his income is 3,00,000.

    a/y 11-12 is income Rs 2,60.000.

    a/y 10-11 is income Rs 2,40.0000.

    No other std deductions.

  9. very good. It will be more better if same provide without HRA.

  10. thanks friend, you make the way for others.

  11. can we have any excel sheet for independent professional.

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