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In order to file your income tax return you first need to collect all the information required to file it. The next important step is to compute your total taxable income. After this, final tax payable or refundable is calculated by applying the applicable tax rates in force and then deducting taxes already paid by way of TDS/TCS or Advance tax from the tax due amount arrived at.

Here’s a One Stop Solution on how to calculate one’s total taxable income.

You only have to Provide the Details of your Income Under the Specific Heads , the sheet will do the rest for you.

This Sheet kept Unlocked for your Better understanding. 

Access Denied! Only Regstered Users Can Download The File "Income Tax Computation Sheet for F.Y 2017-18 (A.Y 2018-19)". Register Here or Login
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16 Comments

  1. Vijai Kumar says:

    Sir,
    I have retired from Army on 31 October 2006 on completion of 24 years service. I have never file ITR due to my pension income is less than tax limit or lack of knowledge.
    Now on receipt of the arrears of revision of my pension in the month of November 2019, TDS has been deducted.
    Therefore you are kindly hereby requested please intimate me how to settle my problem on permanent basis and also intimate me which year I should now file ITR on which earlier date.
    I shall be highly thankful to you. Thanking you for your kind anticipation sir.
    With warm regards,
    Yours sincerely,
    Vijai Kumar
    9871081782

  2. PAYAL says:

    trust income (less) 15%= 85% income (less) revenue expenses= gross income.
    this gross income is below 250000/-
    now should the income be charged as per AOP rates @ 30% or as per individual slab (which will be nil)
    please reply

  3. GOPINATH says:

    I am trying to download through my android phone. After getting it, i wll try sir. Advance thanks for posting it. Request for excel template on property income with renting house too.

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