HRA is exempt to certain extent under income tax law. Both for employee and employer , the computation of exemption out of HRA is an annual ritual. However , computation of exemption out of HRA is a bit tedious . For example , the computation is based on population of city in which employee has taken house on rent. For [...]
Calculator for Interest u/s 234A ,234B & 234C
April 24, 2011 by 10 Comments
Computation of different kind of interest payable by an assessee as per the fault is given u/s 234A or 234B or 234c of the Income Tax Act . If a tax payer files return late and he was suppose to pay tax , a penal interest u/;s 234A is imposed. Further , a tax payer is [...]
TDS Calculator For Fy 2011-12 . Who Needs TDS rates ?
April 22, 2011 by 2 Comments
TDS calculator is built to help deductor from rigour of daily computation and looking into TDS chart for rate and rules. Slowly and slowly , the provisions of TDS is spreading to various payments and as such clutch of withholding tax (TDS) is increasing day by day.TDS on interest,salary or contracts or technical payments are [...]
Tax Calculator for Individuals For FY 2011-12 (Asst Yr 2012-13)
April 17, 2011 by 8 Comments
Computing tax requires revisit the tax rate and using a calculator.Here is an experimental tax calculator for Financial Year 2011-12 (Asst Yr 2012-13 ) and also includes tax calculator for FY 2010-11 (i.e Asst Yr 2011-12. This calulctor is very basic and doe not go into nitty gritty of total income computation. It should be [...]
Are You Resident or Non Resident? Check This Residential Status Calculator!
July 10, 2010 by 8 Comments
Are you resident or non resident? Here is a calculator for checking your residential status. I shall be improving upon this calculator and any suggestion in this reagrd is welcome. Following points need attention before you use this calculator : Fill up yellow cells. Only first four digits of the financial year should be written. [...]
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