tax calculation sheet for FY 12-13

Nitin Katiyar 1
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Hi,

I am using the tax calculation sheet shared at your website for FY 12-13 but it has following problems a) It is considering only 50% of RGESS values as deductable from taxable income instead of 100% - row 92 b) It is not considering Infra bonds as deductable from taxable salary - row 93

Since file is locked so I am not able to update formulas, can you please share with me the udpated file with above corrections.

Thanks, Nitin

rgess error infrastructure-bonds income-tax-calculator income-tax
1 Answers

These are not errors in calculator. These are correct computations only.

  1. Only 50% amount is non taxable for amount invested under RGESS.
  2. Deduction for Infrastructure bonds is not available from FY 2012-13.
Pankaj Batra5212
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