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3 Days Certification Course on Tax Audit Under Income Tax Act 1961
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Here is a basic ITR (Income Tax Return) computation format in Excel: *Income* - Salary: [insert amount] - Interest: [insert amount] - Dividends: [insert amount] - Capital Gains: [insert amount] - Other Income: [insert amount] *Total Income*: [insert total income] *Deductions* - Section 80C ( Provident Fund, etc.): [insert amount] - Section 80D (Mediclaim): [insert amount] - Section 80G (Donations): [insert amount] - Other Deductions: [insert amount] *Total Deductions*: [insert total deductions] *Taxable Income*: [insert taxable income] *Tax Liability* - Slab 1 (0-2.5L): [insert tax amount] - Slab 2 (2.5L-5L): [insert tax amount] - Slab 3 (5L-10L): [insert tax amount] - Slab 4 (10L+): [insert tax amount] *Total Tax Liability*: [insert total tax liability] You can expand or modify this format as per your requirements. Remember to update the tax slabs and rates as per the current income tax laws. Alternatively, you can download ITR computation templates available online or use tax preparation software like Taxman, Truesworth, or H&R Block. Please note that this is a basic format and may not cover all the sections and deductions. It's always recommended to consult a tax professional or chartered accountant for accurate ITR computation and filing.
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