Freeware download of excel macro format tax calculator assessment year 20 14. Secondary and higher education cess is 1% of incometax and surcharge. Income tax slabs income tax rates fy 2014 av 201415. There is no change in income tax rates,no change in exemption limit, no changes in income tax slabs for individual and huf.
I have prepared an excel utility to calculate income tax for financial year 20 14 assessment year 201415. The attached excel based income tax calculator of fy 2014 containing 6 useful sheets i. If you are wondering how much income tax you would you save in next year 2012 post budget 2012, here is a calculator for you in excel format below is the income tax slab for fy 2012. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. Exemption in income tax for assessment year 2014 f.
This calculator is valid for the 2014 tax year if you want to calclulate for a different year, go to 200910 and 201011, 201112, 2012 or 201415. 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. The middle class with income of up to rs 5 lakhs would receive tax credit of rs 2,000 for fy 2014. Income tax calculator fy 20 14 financial year 2014 is ending now and people are in rush to calculate their income tax on salary.
For tax calculation, least of the following is tax exempt. Income tax department has issued a circular about tds on salary and all the aspects of income tax on salary, different circulars and notifications, forms, deduction on salary etc. Income tax excel software fy 201617 for salaried employees ap and ts,it software for govt teachers online software income tax act, income tax rates and slabs fy 201617 ay 201718, income tax. If you belong to any of the above mentioned category and your income lies in between 2 to 5 lakhs, then you can deduct rs. Method of income tax calculation for the year 2014. Abcaus excel automatic income tax calculator a y 2014 fy. Rates of incometax fy 2014 ay 201415 as per finance act, 20 as per the finance act, 20, incometax is required to be deducted under section 192 of the act from income chargeable. Tax calculator, income tax calculator, tax calculation india fy. The table below shows the summary of tax slabs for fy 2014. We have uploaded below income tax calculator for financial year 2014 or assessment year 201415 after making the changes effected by union budget 202014.
Download indian income tax calculator fy 2014 in excel. Surcharge of 10% on incometax where taxable income exceeds rs. Income tax slabs for financial year 2014 goodreturns. Income tax rates for financial year 2012 and ay 2014. Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. Income tax calculator fy 2014, ay 201415 xls download.
Excel form 10esalary arrears relief calculator ay 202021. The calculator calculates tax for individual, huf, senior citizens, super senior citizens and females assessees. Salary and tds calculation tutorial for fy 2014 youtube. Income tax calculator for india, download excel based tool. The excel based income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit and bank interest, house rent and capital gains short and long term. Calculate tax for male, female, senior citizen for all income and setoff. It is advised that for filing of returns the exact calculation may be made as per the. Hi kindlyclarify whether rebate u s 87a for fy 20 14 is applicable onthe amount of taxablesalary after all deductions including chapter vi a deduction or from total earnings including.
Income tax rates for fy 2014 assessment year 201415. It can calculate tax for all categories of individuals including senior citizens and very senior citizens. Here is the ready reckoner of tax slabs for the financial year 2014 which. Simple tax calculator this link opens in a new window this calculation will take between. Calculating the income tax is complicated and time consuming process. Uk paye calculator this is the calculator for 2014. Income tax calculator for financial year 2014 income tax calculator for ay 201415.
Download income tax ready reckoner 2014 in pdf format download complete circular no dated 820 dated 10. Calculating the income tax is complicated and time consuming. The exact amount of your income tax can only be calculated upon lodgment of your income tax return. The calculator calculates income tax from financial year 200607 to 2014 and also contains income tax rate for the period from 199798 to 2014.
Calculate indian income tax with our free income tax calculator in excel, according to latest assessment year fy 2014. Tds calculation sheet in excel and slabs for fy 2014. Income from salary income from salary after standard deduction of rs. Tax calculator will make your income tax calculation very easy. Salary income for the purpose of section 192 shall be computed as follow. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department. It rules, tax calculator, nsc interest calc, house rent receipt, computation sheet and concise calc.
Income tax structure 2014 assessment year 201415 budget highlights. Information relates to the law prevailing in the year of publication as indicated. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be. New updated file 170620 for income tax calculation for assessment year 2014 vivek sang 22nd july 20 from india. Income tax calculator in excel format for assessment year 2014 or financial year 2012 calculates tax payable by you on various source of income. Only tax rebate of 2000 rs has been allowed for income tax slabs between 2lakh. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. Only tax rebate of 2000 rs has been allowed for income tax slabs between 2lakh5lakh. Download simple income tax calculator in excel format for salaried persons for financial year 2014 assessment year 201415.
Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Download simple income tax calculator for the salaried employees for fy 2014 ay 201415 prepared by amit kumar kanth. Download simple income tax calculator for the salaried. Excel form 10esalary arrears relief calculator ay 202021 for claiming rebate under section 891 of income tax act 1961download. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax benefits offered by its online insurance products, for the financial year. Viewers are advised to ascertain the correct positionprevailing law before relying upon any document. Every person who is responsible for paying any income. The previous income tax slab for year 201220 can be found here. Income tax guidelines fy 2012 ay 2014 income tax guidelinesfinancial year 2012 assessment year 20. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. As we have done previously for previous financial years, here is the first version of the income tax calculator for fy 2014. This essentially means people with income up to rs 5 lakhs have reduced tax burden of rs.