Indian IT Calculator for FY2008-09 (MS-Excel)

Tax planning 24381 views 92 replies

This is to announce the the Indian IT Calculator for the FY2008-09 (for salaried employees only) based on the taxation changes in the budget presented (with the hope that all the provisions proposed will be passed). Similar to the FY2007-08 calculator, this also has the provision for the tax computation from capital gains (stocks) at the new interest rate for short term gains and NSC accrued interest (NSC VIII issue) in addition to others including 80C and 80D.


This could help plan investments better for the coming FY in terms of tax savings. Please feel free to forward this mail to your friends also.


Please click https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html to download.


FYI - In case anyone has missed, the IT Calculator for the FY2007-08 can be downloaded from https://prrajan-tax.blogspot.com/2008/01/india-income-tax-calculator-for-fy2007.html.


 


Please let me know your feedbacks, either here or on my blog.


 


Thanks.


Prasanth

Replies (92)
Thanks a lot.....
WRONG CALCULATIONS IN SOFTWARE ???
Dear Mr Rajan,
I downloaded the IT calculators for Fin Yr 2008-09 and 2009-10 from the given site and feel that, though the software is useful, it has serious defects. The results of calculation of Interest Accrd on NSC seem to be WRONG for both the years.

Fin Yr 07-08_v.30, only the rates on NSCs purchased between 1-3-01 and 28-2-02 appears to be correct and those purchased in other periods are wrong.

In Fin Yr 08-09_v.10, the results seemed wrong and could not make any sense to me.

Please note, I have checked ONLY THE "NSC Interest Accrued".
It seems you are an Engineer by qualification. Please get the rates of interest from any Practicing Tax Expert (ITP, Lawyer or CA).
You can also develop a KVP Interest Calculator also.
I'm sending this message to you for the needful correction in the software / formulae in the interest of yours and the public.

Hi Subodh,

Thanks for pointing out; the updated version (with error corrected) for both FYs is now available at:

For FY 2008-09: https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html

For FY2007-08: https://prrajan-tax.blogspot.com/2008/01/india-income-tax-calculator-for-fy2007.html .

Regards.

Prasanth

Sorry - I did not know that I had logged in as a Guest earlier...

Hi Subodh,

Thanks for pointing out; the updated version (with error corrected) for both FYs is now available at:

For FY 2008-09: https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html

For FY2007-08: https://prrajan-tax.blogspot.com/2008/01/india-income-tax-calculator-for-fy2007.html .

Regards.

Prasanth

Thanks .. this is great stuff

TAX CALCULATOR  2008-9

hi rajan,

this software is fabulous and help us very much.

but for future same website can provide us same sheet for calculation and is there also any software for  Indirect taxtation?

Thanking You

Hi Alka, I am not sure I understood your question - could you please rephrase part 1 of your query? Regarding part 2 of your question, no - I do not have any calculator for indirect taxation. The Excel calculator (v2.3 runnng now) is for this FY is always available for free download at https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html . Updates, as and when they need to be are also available at the same area. Regards. Prasanth

Requir to calculate 2008-09 incom tax after all investments.

400000

dsfdsdfsdf

wish to download income tax calculation 2008-09

income tax calculator 2008-09 for downloand

please  send me mail


CCI Pro

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