Income Tax Calculator 2015-16

Discussion in 'Excel Utility' started by sudip83, Sep 14, 2015.

  1. sudip83

    sudip83 Novice

    Can any one prepare and upload a simple income tax calculator in Excel format for off-line tax calculation. I find here Tax Calculator 2014-15; can it calculate the tax for FY 2015-16?
  2. gpgarain

    gpgarain Following You. Staff Member

    Yes, the tax slab for FY 2014-15 and FY 2015-16 are same. So it can calcuate the tax for this FY also.
  3. g_patra

    g_patra Member

    Go to E-Filing (Income Tax, India) --> log in with your PAN (keep ready your Mobile & E-mail) --> view left hand side (1) Tax Calculator (to calculate only taxable income), (2) download e-filing (file) for offline calculation in Excel, (3) Quick e-file --> ATR-1, (for online calculation)
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  4. sudip83

    sudip83 Novice

    Thanks gpgarain @ g-patra babu.
  5. nemo

    nemo Staff Member

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  6. gpgarain

    gpgarain Following You. Staff Member

    Download the Simple Income Tax Calculator for FY- 2015-16. This Excel Utility calculates Income Tax of Salaried Person. It also prepares Form 16.
  7. amitava

    amitava Member

    It seems that more tax benefit can be enjoyed in F.Y. 2016-17 since the rebate under section 87A of Income Tax Act has been enhanced to Rs. 5000/- in stead of Rs. 2000/- as applicable in the previous year (i.e. F.Y. 2015-16) for taxable income upto Rs. 5,00,000/- for Indian individuals.
  8. can i use the simple-income-tax-calculator-2015-16 to asses the Income tax for FY-2016-17?
  9. mihiracharya

    mihiracharya Staff Member

    No, use this format to asses the Income tax for FY-2016-17.

    Attached Files:

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  10. gpgarain

    gpgarain Following You. Staff Member

    b_roy likes this.