By now you must have read all the lackluster analysis of Union Budget 2011 by the big mouths, now let’s get down to doing some real stuff. Download this crisp & flexible income tax calculator to estimate your clients’ & your tax liability for income earned in financial year 2011-12. It incorporates the changes in tax slabs announced by Pranab Mukerjee.
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.
Note 1 - Make sure that you put the Gross Total Income after substracting reimbursements, allowances & HRA
Note 2 – If you are a Financial Planner, put it as one of the sheets in your plan to give clarity to your clients.
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March 2, 2011
Good initative…..Thanx
March 2, 2011
Thank you Kishore… Keep visting website… I will be putting more calculators in the comings days
Do you have have suggestions to improve on this tool. Right now its very crisp and simple (thats actually required
March 8, 2011
Posted on LinkedIn Groups;
Sanjay Dixit – Its quite handy. Thanks for sharing.
Hasit Thakkar – really a good one
Rajeev Thakkar – Thanks Buddy
ANIL PUNJABI • Dear sadique, Good one. Thanks
Ashish Ramesh Bhave – Good one sir !!!
April 17, 2011
Gud one especially monthly tax ..
May 15, 2011
carry on the good work sir. with you always.
May 16, 2011
Thank you Geo
May 22, 2011
Hey thanks Geo. Do contribute from your end too. We all have something to learn from each other
August 31, 2011
This calculator for Income Tax is extremely useful. Gr8 work
September 2, 2011
Thanks Vijay
September 2, 2011
This calculator for Income Tax is extremely useful
September 2, 2011
Glad that its of use to you
September 2, 2011
1) Housing Loan Needs to be considered separately. Also there should be column for income from other sources atleast ( Every person has income from other sources i.e. interest income). Better calculators available on google.
September 2, 2011
Download better calculator from
http://www.downloadformsindia.com/Income-Tax-Forms/income-tax-calculator-2012-excel-utility-for-indian-individualsay2011-12.html
This is really good and takes into account all aspects of taxation.
September 2, 2011
Thanks Vivek for sharing a much comprehensive IT calculator…
December 29, 2011
Its a good tool indeed , however if it would have been with other deduction like sec 24 then it would have been wonderful!!!!!!!
January 3, 2012
Yes… will update soon
March 29, 2012
Thanks for sharing.. really good tool .