(Last Updated On: August 30, 2017)

Checkout Income tax calculator (in Excel) and easily calculate your taxes and pay them on time.

Being a common man,calculating your own taxes seems to be a tedious task.Nothing to worry,we are here to help you and simplify things for you .

So,next time you think about How to calculate Income tax check our Tax calculator to help you out.

Click to download Your Income Tax Calculator in Excel form

Tax Calculator for FY 2015-16

Tax-Calculator for FY 2016-17

As per the Union Budget 2016 ,there has been no change in the Income tax slabs for FY 2016-17.They are the same as FY 2015-16.The two major changes that should be considered while computing the tax liability are :

ParticularsFinancial Year 2015-16Financial Year 2016-17  
Change in SurchargeSurcharge @ 12% where taxable income>Rs.1 crore(i) Surcharge @ 12% for Company,firm,co-operative society where taxable income>Rs.1 crore
(ii) Surcharge @ 15% for Individuals,HUF,AOP,BOI,AJP if Taxable Income>Rs.1 crore
Tax Relief U/s 87 AMaximum Rs.2000Maximum Rs.5000

To compute the tax liability go through the latest Income Tax slab rates also.

Also go through our popular blog posts : 10 Documents required for E-filing Income tax return !

 

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