Income Tax Calculator 2011-12

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.

asked Feb 15 '12 at 15:09 by SocialFinance 1111

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.

answered Feb 16 '12 at 18:27 by Pankaj Batra 5.2k320


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Asked: Feb 15 '12 at 15:09

Seen: 3,058 times

Last updated: Feb 16 '12 at 18:27