B.P. Choudhary

B.P. Choudhary

Auto Income Tax Calculator for Financial Year (FY) 2017-18 / Assessment Year (AY) 2018-19 in Excel Format after considering the proposed amendment in Tax Rates, Deductions and Rebates vide Union Budget 2017-18.

After budget 2017, there are many doubts in respect of changes in individual taxation which affects the individual tax liability. In news & social media they are writing that there is no tax on annual income of Rs. 3 Lakh. People are taking that tax slab has change from Rs. 3L to 5L etc.

Actually there are only three new key changes for an individual in this Budget and new slabs are as follows.

1. Tax slab remain same but rate for tax slab of 2,50,000 to 5,00,000 has reduced from 10% to 5% and rest rates are same.

Now new slabs are

For Individual Male/Female with age <60 Yrs         

Up to Rs. 2,50,000 –   Nil

Rs. 2,50,000 to 5,00,000 –    5%

Rs.  5,00,000 to 10,00,000 –  20%

Rs. 10,00,000 & above –   30%

 For senior. Citizen of above 60 Yrs & less than 80 Yrs

Rs.  Up to 3,00,000 –    Nil

Rs. 3,00,000 to 5,00,00 –    5%

Rs. 5,00,000 to 10,00,000 – 20%

Rs. 10,00,000 & above –   30%

2. Rebate under section-87A – has been reduced from Rs.  5,000 to 2,500 and eligibility for rebate of Sec 87A has reduced for individual of total income of Rs.3,50,000,( instead of Rs. 5,00,000)

3. Surcharge @ 10% will be charge from income above ₹50 Lakh, up to Rs. 1 cr  & @ 15% for income above Rs. 1 Cr.

You all have to how much tax is payable in financial year 2017-18. This tool of Income Tax Calculator for FY 2017-18 from Taxationseva will help you to calculate the income tax in very simple way with less time and fewer efforts. After calculate your tax liability you will be able to plan your tax saving accordingly.

This is an easy to use dual type of calculator “Software Calculator and Simple Excel Calculator” in same work book. Specially design for common people. User can use anyone or both as per their suitability. Simple calculator is hyperlinked with ready reckoner  consist information and Rules to clear and understand all related aspects.

Download Auto Income Tax Calculator for FY 2017-18 by B.P. Choudhary in Excel Format (Removed as it was Trial Version)

Download Income Tax Calculator for Financial Year 2017-18 by Benny Thadathil

Disclaimer-  We have made all efforts to make sure that it gives correct result to our readers but still they are requested to Confirm with respective Provisions of Income Tax Act, 1961 and we do not take any responsibility for any error in calculation due to reliance on the same.

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Tags : Budget (1956) Budget 2017 (356) Calculator (110) Income Tax Calculator (66)

31 responses to “Auto Income Tax Calculator for FY 2017-18 (AY 2018-19)”

  1. POPAT NALAWADE says:

    Pls. provide Salary Incoime Tax Return guidline

  2. SGH CHANDRA RAO says:

    SIR
    IN ITR-2
    AFTER FILLING SALARY ,HOUSE PROPERTY AND OTHER INCOME ,TAX TO BE SHOWN IN PART B TTI.BUT IT IS SHOWING ZERO.
    INTURN IT IS SHOWING PAID TAX AS REFUND AND SOME TIMES TOTALLING IS ALSO SHOWING WRONG.SINCE IT IS IN PROTECTED MODE WE ARE UNABLE TO DO ANY THING IN EXCEL UTILITY.EVEN SAME PROBLEM IN JAVA UTILIY ALSO.

  3. Manik chanda says:

    I want tax computation

  4. skumar says:

    i want bulk income tax calculate system ,

  5. Snehi says:

    Even after creating an account , downloading access is denied , guess you are only gathering data creating ITR filing base, disappointing really.

    • TG Team says:

      There was no file in this article which require login or registration. Please use caution while commenting. Comment without any basis are not appreciated and demotivates us.

  6. Anil Gupta says:

    For Sr Citizen Income Tax Slab is 300000 to 500000 @5% I Tax but as per your Tax Calculator It calculating Tax Slab 250000/-

  7. SK says:

    The cells in Excel sheet are very small. Please provide suitable tool to increase size of cells. It is very difficult to read or input in the cells.

  8. Anil Kumar D A says:

    Mediclim Sec 80 D
    How much limit

  9. D SARATH KUMAR says:

    This excel utility suits me the most. I filed my IT with the help of this excel.
    This is so good that i can use it in my office for TDS deduction for the employees.

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