tax calculation sheet for FY 12-13


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

asked May 06 '12 at 17:01 by Nitin Katiyar 1111

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.

answered May 25 '12 at 00:11 by Pankaj Batra 5.2k320


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Asked: May 06 '12 at 17:01

Seen: 2,542 times

Last updated: May 25 '12 at 00:11