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
Comprehensive Financial Plan Construction using Excel-based Financial Planning Software!
Learn how to build more than 30 + calculators & templates and integrate them to construct comprehensive plans so that you can get started with your financial planning practice or enhance it if you are already in the business. If you are serious about preparing plans and charging a fee for it to your clients, this program will surely be beneficial to you. Contact Priti on 9892218582 / priti@networkfp.com for more information and registration. Know More


March 17, 2012
Thanks Sadique for your expeditious action.
March 17, 2012
Thanx, sadique for such an excellent calc & that too so expressly provided.
April 12, 2012
Hi Sadique
Thanks for this calculator, its really useful and quick way of calculating the tax liabillity.
Abhinav
August 31, 2012
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.
December 22, 2012
Thanks Tejaswini