Anticipatory Income Tax Statement Calculator

Salary challenge entry facility and 10 e form preparation field is provided in the new version.

Anticipatory income tax statement calculator. Income tax on agricultural income included above income tax. From the middle class taxpayers the choice is yours. Interest paid for educational loan taken for higher education. Subscription to equity shares or debentures of an eligible issue.

Housing loan repayment principal and stamp duty paid for purchase of property. The online income tax calculator is a great help but you should have an idea of how to calculate income tax on your own. This excel based income tax calculator can be used for computing income tax on income from salary pension gifts fixed deposit and bank interest and you will get. Tution fees for full time education to any 2 children.

Lets take the example or mr patel who is 40 has an annual salary of rs. Income statement calculator enter the total revenue cost of goods sold sales operating expenses and total costs into the calculator. Released tax consultant unlimited version 4 10 updated as per new amendment dated 12 05 2019 fy 2016 17 to 2027 28 for the income tax calculation and preparation of income tax antecipatory statement final statement monthly tds statement form 12bb form 16 and form 10e. Tax liability details ay 2020 21 ay 2021 22 if er ay 2021 22 if nr.

Relief u s 87a for individuals having taxable income upto 5 00 lacs less. Medical treatment of mentally or physically handicapped dependents. Payment to annuity plan of pension fund. Medical treatment for specified deceases.

Surcharge on income tax 10 15 25 37 of income tax if taxable income is above 50 lac 1 cr. Purchase of tax saving units of mutual fund or uti. Marginal relief if taxable income. If the income tax amount is not deducted from the income sources 1 interest and 1 5 of interest for not being paid the tax amount should be remitted.

The calculate will generate and display an income statement gross profit operating profit net profit. Contribution to ppf account of self spouse or children. Tax consultant unlimited 4 10 by saffeeq m p download. The tool is designed to prepare anticipatory income tax statements for the financial year 2019 20 ay 2020 21.

Download the malayalam menu based income tax estimator for ugc and kerala govt. Mediclaim maximum of rs. As per the anticipatory income statement one 12th of tax should be deducted in the salary bill of every month. Download the malayalam menu based income tax estimator for ugc and kerala govt.