Income tax calculation software 2015-16

Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. For more detail on these rates, see tax and tax credit rates and thresholds for 201516. Excel form 10esalary arrears relief calculator ay 202021 for claiming rebate under section 891 of income tax act 1961download. Calculate and optimize you tax outgo by restructuring income, investments and expenses. Income tax calculator for fy 201516 ay 201617 excel based the union budget for 2015 was presented today by arun jaitely. With the new itr forms being recently notified, return filers can do an easy check of their annual tax liability on a new computerbased. As per section 891 of the income tax act, 1961 relief for income tax has been provided when in a financial year. For income tax purpose citizens above age of 60 are considered as senior citizens and above age. If its not followed one may be charged interest penalty us 234c. Income tax all software 201819 ap and telangana updated. For the current tax year, where new dividend tax rates apply, try our 201617 dividend tax increase calculator. We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. Estimate your income tax for the current year use this service to estimate how much income tax and national insurance you should pay for the current tax year 6 april 2020 to 5 april 2021.

Details of income tax calculation for the salaried for the financial year 201718. For 2015 tax returns, relating to income received between april 2014 and april 2015, the old 201415 allowances and thresholds apply. A blog on income tax, vat, service tax, audit, accounting, company law, ngo law, finance, insurance, professional opportunity, cacscma exams. Please note that the information here is derived from published government sources and may not be immune from errors. Income tax is levied on different sources of incomes like. The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax. Download income tax software 20202021 for calculation of it from here for financial year 20192020 the assessment year 20202021. Income tax software,income tax form 16 part b,income tax arrears relief calculator us 891,tax calculator,h. We will therefore provide guidance on how each of these items are.

Answer a few simple questions about your life, income, and expenses, and our free tax refund estimator will give you an idea of how much youll get as a refund or owe the irs when you file in 2020. Hope, now you all know the income tax rates on partnership firm. Income tax calculator, software on excel sheet for financial year 201415 assessment year 201516. I have corrected the interest on housing loan limit to 2 lac only. The tax year ran from 6th april 2015 to 5th april 2016. Ms excel based income tax calculator for assessment year 20082009. Income tax calculator for 201516, software and simple for june 2015.

The tax slabs have remain unchanged but there have been some changes in terms of transport allowance, medical insurance benefits and exemption for physically challenged tax payers. Use the tax calculator tool below to estimate your 2015 tax return. This latest calculator is like a software on excel, very simple to compute the tax. This calculator will help you work out the tax you owe on your taxable income for the previous six income years. Just fill the yellow cells and see the results at red cells. Putta, kss prasad,guntur badi and ramanjaneyula etc teachers prepared. Abcaus excel income tax calculator for assessment year 201617 fy 201516 is excel based calculator is automatic, e. Feature calculate income tax payable for financial year 201516, fy 201617 share or email details with clientfamily members calculation as per category like male, female, senior citizen, super senior citizen section 80c, 80d example income tax calculation, gross total income. Please find attached the excel file containing income tax calculator as modified by finance bill 2015 presented on 28th february 2015. With the help of quick excel income tax calculator for fy 201516 ay 201617 you can easily compute tax liability for an individual.

The tool is developed to meet with our success mantra for those who cant afford to make errors which elaborates gen it. Income tax calculation 2015 16 xls download citehr. Download excel based income tax calculator for fy 201516 ay 201617. These services are provided only by credentialed cpas, enrolled agents eas, or. Ap summative, ts, telangana sa exams, fa, andhra pradesh latest gos, ts gos 10th fa sa question papers model papers software material ap go da table zppf apgli projects cps deo. Area representative travel calculator 46kb compute number of business days for area representative scheme.

Excel form 10esalary arrears relief calculator ay 202021. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. This is an excel utility for calculating income tax and form 16. The above income tax calculator contains the rate of tax for last 19 financial year i. If you want to use simple web based calculator, you may try, official income tax.

Download income tax calculator for fy 201415 ay 201516. Quick excel income tax calculator for fy 201516 ay 201617. Tax year 2015 relates to calendar year 2015 january 1 december 31. Income tax calculator is a simple web based tool for calculating your net income tax liability for the current assessment year ay 201819, or the next ay 201920 or fy 201819. Financial year 201516 has posed start and all have to know that how much tax is payable in this financial year. Excel auto income tax calculator ay 201617 fy 201516 download for all heads of income, salary, business, capital gains, house property.

Ap teachers income tax software 201516 ts teachers income tax software for teachers income tax slab rates employees income tax calculation financial year 201516 income tax assessment year 21617 80c saving limit fy 201516 ay 201617 retirement employees income tax calculation housing laon principal amount exmpetion and housing loan intrest deduction. A simple income tax calculator for financial year 201516 and software with macro in excel work book to compute the tax and understand th. It is the responsibility of the ddo to deduct the tds at average rate of income tax as applicable before disbursing the salary. As per income tax rules, 30% of income tax should be paid by 15th sept, 60% by 15th dec and rest by 31st march. Excel auto income tax calculator ay 201617 fy 201516. If you have received arrears of salary in financial year 201516 related to previous years then your tax liability for financial year 201516 will be on higher side due to arrears received in current year but good news is that you can bifurcate your income from arrears in respective years on notional basis and can avail relief us 891 of income tax act, 1961.

Instructions should be followed for using the it software which was given in it program file. Excel auto income tax calculator ay 201617 fy 201516 download. The exact amount of your income tax can only be calculated upon lodgment of your income tax return. Income tax relief us 891 calculatorarrears received in. These tables reflect announcements made in december 2014. A simple income tax calculator for financial year 201516 and software with macro in excel work book to compute the tax and understand. This java based software is updated by the govt for every financial year to incorporate any changes in tax laws. Add back clawbacks the clawbacks are treated as another tax for the average tax rate calculation adjusted taxable income zero if negative for average tax rate calculation at bottom. Tax calculator and refund estimator 20192020 turbotax. Income tax calculator for nonresident individuals 67kb compute income tax liability for nonresident individuals locals and foreigners who are in singapore for less than 183 days 6. Auto computes tax for women and senior citizens, tax free house rent, tax free children.

Use online tax calculator to file itr for assessment year 201516. Enter your tax information from 2015 and we will determine the high level details of your 2015 tax return, including any potential tax refund, or additional taxes owed. That means you would be paying taxes for the income earned during the last financial year fy 201718 1 april 2017 to 31 march 2018. To promote and encourage the taxpayers to file their income tax returns online, the central board of direct taxes has released a free java based income tax software which can be downloaded for free from the income tax website. Get income tax calculator optimizer microsoft store. Gen income tax software is a great software solution for the computation needs of income tax, self assessment tax, advance tax and interest calculation us 234a,234b,234c. Income tax calculator for india, download excel based tool.

Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. Income tax rates on partnership firm for ay 201516 cakart. Maximum deduction of up to 25,000 15,000 before fy 201516 under mediclaim or health insurance offered by life insurers taken. Income tax calculator estimate your 2019 tax refund. Income tax calculator for financial year 201516 taxguru. This ca software includes income tax software, it return, itr ereturn, efiling, balance sheet software, audit reports and service tax software. Simple tax calculator this link opens in a new window this calculation will take between two and 10 minutes to complete. Gen income tax software for fastest it return e filing.

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