Income Tax Calculator FY 2013 14 – Financial Year 2013-14 is ending now and people are in rush to calculate their Income Tax on salary. Calculating the Income Tax is complicated and time consuming process. There are chances of errors in calculating income tax which leads to wrong filling hence penalty by Income Tax.
I have created an excel utility automated one in all Income Tax calculator. One can calculate and generate form 16 including earning records with the help of this calculator.
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Highlights of Income Tax Calculator
1. Easy to use
2. Automatic Generation of Form 16
3. Generation of Earning Records easily
4. New addition of Tax rebate under section 87 A for Rs 2000/-
5. Calculation of Perquisite are also included
6. HRA rebate calculation