Income Tax Calculator 2020-21
There are two Income Tax Calculators on this page 1st for Guest Teachers and other for all other teachers/Govt. employee.
How to use this software/calculator:
- This software is made in MS-excel including all formulas following income tax rules.
- Download the software given below in this page.
- It contains three sheets as shown in the following image.
in excel formatFirst of all you will see 1st sheet i.e. introduction sheet.
Fill Your Name, Post and other details like Basic Pay, Insurance, GPF or New Pension Scheme (NPS) Deductions etc
Check each row carefully.
Then click on sheet no. 2 i.e. Statement. You will see that you salary statement is automatically generated.
Compare this statement with your official salary statement, Both
will be same. However, if there is any difference you can edit the
statement sheet of this calculator.
Finally click on sheet no. 3 i.e. Tax and find the amount of balance tax to be paid.
Fill this amount in the month of Jan paid in Feb or Feb. paid in March.
Check again Tax sheet. You will see Balance tax to be paid is zero.
You can print your salary statement and Tax Calculation Performs and Form 16.
Tax Calculator and Salary statement with form 16 and 10 E for year 2020-21 by OfficeBabu.com
Disclaimer:- This calculator is only meant to provide a basic idea of the estimated tax for more detail refer to income tax rules on authorized website of income tax of India.
- we are not a Govt entity or not any connection with income tax department of India. This calculator is only for help of tax payers.
What is the password for excel sheet
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please give the 10E FORM wef 2005-06 to 2017-18
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ReplyDeleteTax calculator for fy 2018-2019 and fy 2019-2020 made by you, the salary statement exit in Excel format does not match with actual salary statement i.e. March, 2018 to Feb., 2019. Because Education Allowance and Medical Allowance different given by the Govt. during the some month. The total difference in Education Allowance and Medical Allowance is shown Rs, 1750/- (Two Children). Jai Kishan Sharma, Clerk, Haryana Roadways, Bhiwani 94674-28200 email ID jksharma420@yahoo.com
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