Automatic Calculator in excel format for Financial Year 2022-23 (AY 2023-24) and Financial Year 2023-24 (AY 2024-25) contains All in One Calculator with Salary Statement, Computation Sheets & Form-16.
Govt. had introduced a new tax regime of lower tax rates in Budget 2020. Which was continue in FY-2022-23 too. New Tax Regime was optional. But in Budget 2023 Govt. has pushed for adoption of the new tax regime of lower tax rates in a big way. The New tax regime is by default in Nature for FY 2023-24, However the individual will have an option to continue with the old income-tax regime at the time employers are deducting TDS. OR at the time for filing of ITR Now It is very difficult to taxpayers to choose suitable regime without calculate the actual tax according to both regimes. For financial year 2022-23 and 2023-24. This Auto Income tax calculator tool will help you to calculate the tax and compare according to both regimes in very simple way and suggest you that which tax regime would be better option (with less tax) at the time for deduction of TDS and filing the ITR.
It is an automatic Tax Calculator consist Salary statement, Computation sheets, Form-16 (in Both Regimes), Income from House Property and Tax calculation sheets to print. Information & Rules (with hyperlinks) for Exemption and deductions with Income Tax slab rates in both regimes. Once you enter the amount in blank cells. other cells calculate tax and prepare Computation sheets and form-16 automatically. Print and save any sheet as you require.
If you find any inconsistency, correction or amendments in Calculator, please let me know, I will try to fix it at the earliest.
17.1 & 18.1 Versions are Calculators with salary Statement, Computation sheets (in Both, New & Old regimes)
17.2 & 18.2 Versions are All in One Calculator with Salary Statement, Computation Sheets & Form-16. (In Both, New & Old regimes)
Download File contains following Tax Calculators
i. Auto Income Tax Calculator-17.1 for FY 2022-23, AY 2023-24
ii. Auto Income Tax Calculator-17.2 for FY 2022-23, AY 2023-24
iii. Auto Income Tax Calculator-18.1 for FY 2022-23, AY 2023-24
iv. Auto Income Tax Calculator-18.2 for FY 2022-23, AY 2023-24
This automated tax calculators are for Individual personal use only.
For any query or service call on -9811302497 or mail at bpchoudhary@gmail.com
Author Bio
MArginal Relief is not considered in New Regime. Please update Sir.
for Verification
Hi Sir
I am unable to to attach and convert JSON file.Please help me.
Calculator is correct for old regime, As there is no deduction allowed in new regime ….Need to take correction in …
just I GOT REGISTERED WITH TAX GURU, NOW I NEED THE TAX CALCULATION – COMPUTATION WORKSHEET IN EXCEL FORMAT FOR fy 2023-24 for SALARIES EMPLOYEES. PL. PROVIDE ME THE EXCEL FORMAT. KINDLY HELP ME. THANKS
I’m having fd in Srcss account with SBI @7.4 % which I want to close & reinvest in SCSS account with SBI at higher interest rate of8.2% Pl let me know the income tax rules for premature closure