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INCOMETAX CALCULATION
FOR F.Y. 2022-23 IN EXCEL
आयकर गणना प्रपत्र 2022 - 23
एक्सेल सॉफ्टवेर
ONLY BY GA 55 WITHOUT MASTER SHEET
NEW TAX SLAB RATES INTRODUCED IN BUDGET 2020:
- - No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
- - 5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
- - 10% Tax on Income between Rs. 5 lacs to Rs. 7.5 lacs
- - 15% Tax on Income between Rs. 7.5 lacs to Rs. 10 lacs
- - 20% Tax on Income between Rs. 10 lacs to Rs. 12.5 lacs
- - 25% Tax on Income between Rs. 12.5 lacs to Rs. 15 lacs
- - 30% Tax on Income above Rs. 15 lacs
OLD TAX SLAB RATES (STILL APPLICABLE:
- - No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
- - 5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
- - 20% Tax on Income between Rs. 5 lacs to Rs. 10 lacs
- - 30% Tax on Income above Rs. 10 lacs
Excel Program Fully Automatic::🙈🙈
[Income Tax Calculation F.Y. 2022-23 Excel Program Only By GA 55##eye##]
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CALCULATE YOUR HRA EXEMPTION NOW !HRA is an exemption, ie. the part of your salary which is nontaxable provided you fulfill all conditions. Use our HRA calculator to understand how much tax you could save on your HRA.
HOW IS EXEMPTION ON HRA CALCULATED ?
The exemption on HRA is calculated as per 2A of Income Tax Rules. As per Rule 2A, the least of the following is exempted from salary under Section 10(13A) and does not form part of the taxable income.
Actual HRA received from employer
For those living in metro cities: 50% of (Basic salary + Dearness allowance)
For those living in non-metro cities: 40% of (Basic salary + Dearness allowance)
Actual rent paid minus 10% of (Basic salary + Dearness allowance)
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