Download Income Tax Calculator FY 2015-16 For Bankers in Excel Format – This is the end of financial year 2015-16 and time for calculating the income tax returns with generation of form 16 including tidy calculative part. Calculating and deducting the Income Tax is very complicated work if done manually especially if the number of employees are higher.
Inorder to make the life easier, an automatic Income Tax Calculator are designed by me for easiness of work. This Income tax calculator can calculate and create the automatic form 16 along with earning record for any number of employees.
Income Tax Calculator for AY 2016-17 is purely made based on the functioning of Banks in India especially the Public Sector Banks. This income tax calculator calculate the various parameters including
- Creation of Automatic Earning record
- Addition of Newly introduced Special Pay scheme
- Inclusion of Salary arrears as per 10th Bipartite settlement for Banker’s
- Calculation of Income Tax relief U/S 89(1) : Download : Salary Arrears Income tax Relief Calculator FY 2015-16
- Automatic calculation of EPF , Additional EPF and NPS part
- Perquisite are calculated automatically
- Auto Generation of Form 16
- Create the Income Tax Investment Declaration form Tax 5 automatically
- Income Tax calculator is in excel format
Income Tax Slab Rates for financial year 2015-2016 – AY: 2016-17
| For Men | |
| Upto Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 10 per cent |
| Rs. 5,00,001 to Rs. 10,00,000 | 20 per cent |
| Above Rs. 10,00,000 | 30 per cent |
| For Women | |
| Upto Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 10 per cent |
| Rs. 5,00,001 to Rs. 10,00,000 | 20 per cent |
| Above Rs. 10,00,000 | 30 per cent |
| For resident individual of 60 years or above (Senior Citizens) | |
| Upto Rs. 3,00,000 | Nil |
| Rs. 3,00,001 to Rs. 5,00,000 | 10 per cent |
| Rs. 5,00,001 to Rs. 10,00,000 | 20 per cent |
| Above Rs. 10,00,000 | 30 per cent |
| For resident individual of 80 years or above (Very Senior Citizens) | |
| Upto Rs. 5,00,000 | Nil |
| Rs. 5,00,001 to Rs. 10,00,000 | 20 per cent |
| Above Rs. 10,00,000 | 30 per cent |
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