This tax calculator has been made with the information available to me. I don’t claim this to be 100% accurate. This tax calculator can be used for tax planning to calculate the approximate tax payable by salaried individuals. This should NOT be used to compute the actual taxes to be paid to the Government. The author is not responsible for any inaccuracies in the tax computed by this calculator. If you find any inconsistency/ inaccuracy, please let me know and I will try to fix it at the earliest.
Mostly people gives estimated declaration at the beginning of financial year to minimise their Tax Liabilities but could not save up to last month and face heavy tax burden in last months. Many of us start looking for investment avenues only in February or March, just before the Financial Year is getting over, which is a a big mistake! as it may lead to following :-
One, you would end up investing your money without putting proper thought to it. And
secondly, you would end up losing the interest / appreciation for the whole year.
Instead, decide where you want to make the investments, and start investing right from the beginning of the financial year – from April.
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