Income Tax Calculator 2017-18

Discussion in 'Excel Utility' started by amitava, Dec 21, 2017.

  1. amitava

    amitava Active Member

    Can anyone please upload the modified excel utility for income tax calculation for the FY 2017-18 with necessary amendments in the tax slabs applicable for the current FY.
     
  2. gpgarain

    gpgarain Following You. Staff Member

  3. amitava

    amitava Active Member

    I haven't seen it. Thank you very much @gpgarain
     
  4. GOPAL BHUNIA

    GOPAL BHUNIA Novice

    Please look at the 'CALCULATION OF EXEMPTION OF HOUSE RENT ALLOWANCE U/S 10(13 A) OF
    THE INCOME TAX ACT, 1961' segment in this excel utility. We know that BASIC PAY = BAND PAY + GRADE PAY but there is no inclusion of Grade Pay. I am confused . Can anyone help me providing the details whether it should be calculated with or without Grade Pay ?
     
  5. bratin1971

    bratin1971 Novice

    calculation of hra exemption u/s 10(13)A, basic pay means= band pay + grade pay. But in this utility, wrongly calculated without grade pay. You may merge grade pay with band pay to get actual exemption amount
     
    GOPAL BHUNIA likes this.
  6. GOPAL BHUNIA

    GOPAL BHUNIA Novice

    thank you
     
  7. nemo

    nemo Staff Member

    please check the utilities again. it has been rectified. thanks.
     

Share This Page