income tax calculation excel sheet free download

Please click here to go to the Income Tax site for all other information and filing of returns. Income Tax Calculator for FY 2020-21 (AY 2021-22) 0 - 2.5 2.5 - 5 5 - 7.5 7.5 - 10 10 - 12.5 12.5 - 15 15+ 0 - 3 3 - 5 Income Tax for Senior Citizens Income Tax for Super Senior Citizens Calculating Income Tax with Lower Tax Slab under new Regim Income from Other Sources. Please click here to download the calculator FY 2021-22. Rebate is maximum of ₹ 12,500/- for income up to ₹ 5,00,000 under section 87A. Standard Deduction allowed of ₹ 50,000 to Salaries person and also to Pensioners. New Regime – Income Tax slabs for FY 2022-23 (AY 2023-24) In Option/alternative 2 (in New regime), the Taxable income calculates without any deductions except for 80CCD (NP S) & rebate u/s 87A. Old Regime – Income Tax slabs for FY 2022-23 (AY 2023-24) In Option/alternative 1 (Old regime), the Tax on income arrives after all the eligible deductions. The new regime of taxation is introduced from FY 2020-21, which is optional to an Assessee.

Click here to download free excel IT Calculator Income Tax Calculator FY 2022-23 (AY 2023-24) Income Tax Slab for computation in Income Tax Calculator for FY 2022-23 is briefed below.

Income tax calculation excel sheet free download