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CA Srikant Agarwal
We have uploaded below Income Tax Calculator for Financial Year 2013-14 or Assessment Year 2014-15 after making the changes effected by union budget 2013-2014. The calculator calculates Income Tax from Financial Year 2006-07 to 2013-14 and also contains Income Tax Rate for the period from 1997-98 to 2013-14. The Calculator calculates tax for Individual, HUF, Senior citizens, super Senior citizens and Females Assessees.
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Dear Mr.Sumit Bagh,
Your father get retirement on 7 Nov 2013 & than he joined his friend,s firm on 10 Dec 2013. Now u want to know:
1) can he claim all deuctions of senior citizen for income earned in FY 2013-14.? Ans.: He is eligible to claim deduction/exemption allowable to senior citizens if he has completed 60 years of age anytime during the financial year 2013-14.
2) Does he needs to show income which he is earning now from his friend’s firm ? Ans.: He needs to show all incomes arising directly or indirectly.
KK Sarawagi
Dear Sir,
My father get retirement on 7 Nov 2013 & than he joined his friend,s firm in 10 Dec 2013. No i want to know
1) can he claim all deuctions of senior citizen for income earned in FY2013-14.?
2) Does he needs to show income which he is earning now from his friend’s firm ?
Very informative and really very useful.
sir
i wants to know deduction more than Rs.100000
Dear Sir/Madam,
I am working with Govt organisation on Contract Basis with Rs 50,000 per month as consolidated salary (including 30% HRA) at Mumbai. I joined this office on 06.02.2013 and now i have resigned and will discharge on 31.05.2013 means approx 4 Months of service is there. Now please suggest me how much tax they should cut from my salary and if possible please explain me. Thanks in advance to all support.
Thank u sir
Excellent Job sir
Hats off 🙂
Srikant Sir
Very good job done. Please keep up the good work.
Really great job. We thank you sir for this kind information. You are the master of quick guide..
SRIDAR MVK GANJI..MY CELL.09768213717..THE INCOME TAX CALCULATOR..VERY HANDY..AND
USEFUL..LIKE A READY REFERENCER..THANKING YOU..
THE INCOME TAX CALCULATOR IS VERY USEFUL FOR TAX ADVOCATES,C.A.AND OTHER TAX PROFESSIONALS. YOU DID A GOOD JOB. THANKS
i required the Income tax calculator
I Like your postings in Tax Guru, CA Club,please keeps update mee in future too.
Dear Srikant,
Realy very good excell sheet. There is a mistake in calculation of income above Rs 1 crore. If income is more than 1 crore than surcharge will be charged lower than the income exceeding Rs 1 crore or 10% whichever is lower. Pl rectify it and remail.