Income Tax calculator 2013-14

Hello, In the latest income tax calculator (FY 13-14), the computation for Home loan interest component seems to be incorrect as whatever the value I put in cell C66 (say 10 lacs!), the same appears in the cell P66 and also gets deducted from the Gross income. Could you please check and correct? Regards, Sachin

asked Apr 06 '13 at 08:27 by Vigyan 1111

Thanks for reporting issue.

Its only happening in case "On loan and rented out" is selected in dropdown D66. In this case whole interest should be deducted only from rental income and not that more than that.

We will correct it for sure in next version of file.

answered Apr 11 '13 at 17:02 by Pankaj Batra 5.2k320


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Asked: Apr 06 '13 at 08:27

Seen: 2,491 times

Last updated: Apr 11 '13 at 17:02