February 3, 2017

Download Income Tax Calculator FY 2017-18 in Excel

Sadique Neelgund

Download, check out & use our popular Income Tax Calculator FY 2017-18 in Excel which incorporates the recent changes in Union Budget 2017 by FM Arun Jaitley. Please find below changes has been made w.r.t income taxation, there are some updates like:

1. Income Tax Slab  2.51 Lakhs to 5 Lakhs  – Reduces to 5% Tax from 10%
2. Income above 50 Lakhs to 1 Crore – 10% surcharge
3.87A rebate is 2500 for income UpTo 3.5 lakhs

The Cells in the Excel File are not locked or hidden. So feel free to modify it and use it to make quick income tax calculation for yourself and your clients. And those of you who use Excel to make financial plan. Check out how various Excel functions have been used to make the calculator. Excel is flexible, powerful and fun if you know how to use it.

Please note this is not a comprehensive calculator, but meant for giving a quick idea of income tax liability specifically for salaried class. We have also 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. It also has HRA Exemption Calculator for quickly taking this aspect into account while calculating Income Tax.

Download Income Tax Calculator FY 2017-18 in Excel

15 Thoughts to “Download Income Tax Calculator FY 2017-18 in Excel”

  1. naresh says:

    income tax calculator f.y.2016-17 in excel

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  3. Suresh Kumar Kansal says:

    Altogether it is one of the best income tax calculator for salaried employees. Thanks.

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  7. Hi Sadique,

    Nice to have stumbled on your tool. This is much more precise than most others available. My question is if I my salary slip shows HRA separately in my salary slip, will my HRA exemption be limited to actual payment above 10% of my salary or actual paid.

    I have made some minor changes in cell E67, please let me know how I can share these changes with you.

    Sudeep Bagaria

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  12. shiju says:

    best tool to quick calculation of TDS on salary for Finance people like me

  13. v v k kishore says:

    good for the formulas and use easily understand

  14. NIMIT GUPTA says:

    very help full and easy to understand

  15. kamal says:

    i want salary computation in excel sheet

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