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Thread: Salary / pension / tax calculator 2010-11

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    Junior Member baljeet is on a distinguished road
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    Default Salary / pension / tax calculator 2010-11

    A new type of salary/pension/tax calculator


    Sir/Ma'am, I have recently joined as junior member and I want to share a new calculator which I have designed on Excel file. It can show many figures on a single sheet and it is good for four category of taxpayers.
    1- It shows every months salary or pension for full year with breakup figures.
    2- Shows HRA as per class of cities allowing 10%,20%,30%as per class.
    3- Allows permissible rent deduction if rent is being paid.
    4- Shows permissible deduction for TA
    5- Allows inclusion of income from house property.
    6- Allows deductions under 80C and some others.
    7- Calculates the tax and shows the amount in different tax slabs as well.
    8- Allows agriculture income for rate purpose.
    9- Shows how much amount can be still invested under 80C.
    10- Shows how much tax can be saved if 80 C limit is not exhausted yet.
    11- The calculator is for five categories of employees, male ,female, pensioners, senior citizen.
    12- Shows enhanced pension if over 80 years.
    13- Shows increment amount.
    14- Show salary or pension increase with DA increase.
    15- If reemployed after retirement , includes monthly consultancy for tax calculations.

    IMPORTANT - There may be some inadvertent inaccuracy in this calculator due to my limited knowledge on Excel and income tax rules. I hope any inaccuracy will show if you compare my results with your salary slip and tax deductions.

    ANYBODY CAN DOWNLOAD IT FROM MY SITE IF HAVING EXCEL PROGRAM.

    https://sites.google.com/site/baljeetpage/

    The above address is to be written in the address bar only.

    Regards,
    Baljeet Singh 11/11/2010
    Last edited by baljeet; 13-11-2010 at 10:06 AM.

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