Friday, February 26, 2010
Indian IT Calculator and comparator for FY2010-11
Please click here to go the page with the download option for the income tax calculator for FY 2010-11 as per the Budget presented on February 26, 2010.
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14 comments:
That was fast - thanks :-)
New version released; this takes care of additional 20000 limit in 80C for long term infra bonds
Hi Prasanth, Thanks for provided the calculator for fy2010-2011. I have a question about infrastruture bond (Rs.20000). This 20k is apart from 1L limit in 80C, but in Ver.02 its showing max 1L.
FYR - 'Additional deduction of Rs 20,000 allowed on long term infrastructure bonds for income tax payers; this is above Rs one lakh on saving instruments allowed already. '
Please have a look...
Madhur Kumar
Hi Prasanth, I have been using your excel since 2008 and I must say it has been a wonderful experience. The best part is that I use this to compare the Form 16 generated by my company and point mistakes in their calculations (mostly due to data entry errors) done by them in their software.
Thanks a lot and keep up your good work.
Regards,
Jai
Hey Prasanth, Thanks for one more version..
dear sir,
i want to know something about capital gain from property.
if some one has no other income, only capital gain from property sale then is standard deduction of 1.6 lacs allowed on capital gain.
secondly what is rate of tax on such capital gain
Quite sufficient enough but you need to take care of other calculations which are surprisingly declared as tax as well.
Hey Prashant, Ive been using ur calculator for a few years now. Its a wonderful workbook - easy and simple.. Let me know when u are coming up with the FY 11-12 version.
Thanks
Hi Prashant, I am eagerly waiting for the 2011-12 calculator.. Please post it and help us save...
Thanks
thats fantastic.....Thanks for this....
Hello, Mr. Prasanth, is the software a freeware, trial or for sale?
We will be in the 28% 2013 tax brackets. I'm happy because we are skating close to the edge and the 2014 changes will keep us in the same tax bracket.
You should receive a K-1 from the administrators of the trust so I would call them and request it. If you do have K-1 income, it should flow through(be reported)on your tax brackets return. The K-1 should have come to you and not the people doing your taxes unless they usually have it sent there.
good information shared by your blog .. keep sharing
GST
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