Income Tax Calculator 2011-12 available on net (Excel format) are for calculating tax on salary income. I am looking out for income earned from profession like Advocate, which should have fields for claiming deductions towards expenses on conveyance, vehicle maintenance, lic premiums, mediclaims, school fees paid, food expenses etc.
1 Answers
As income tax computation for income from business/profession is a complex subject, there are not calculators available.
Its more of a profit/loss accounting with all expenses take care of, only a accounting professional/CA would be able to help in computation on case by case basis. Computations are not generic in nature so it needs a manual accounting.
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