Income tax calculator for FY 2014-15 and AY 2015-16

Income tax rate slab changed for financial year 2014-15 and the analysis year 2015-16 on the union budget. Now income tax exemption is raised by 50000 to 250000. New income tax slabs are as under.

For Individual (Male or Female) and H.U.F.

Slabs	Income tax rates
Income upto Rs. 250000	Nil
Income Above250000 to 500000	10%
Income Above 500000 to 1000000	20%
Income more than 1000000	30%

For Senior sitizen above 60 years but less than 80 years 

Slabs	Income tax rates
Income upto 300000	NIL
Income Above300000 to 500000	10%
Income Above 500000 to 1000000	20%
Income more than 1000000	30%

 For Senior citizen above 80 years 

Slabs	Income tax rates
Income upto 500000	NIL
Income Above 500000 to 1000000	20%
Income more than 1000000	30%

One of my friend Mr. Pranab Banerjee has developed complete income tax calculator for financial year 2014-15 and analysis year 2015-16. He is happy to share it with taxalertindia.com. Our team is really thankful to him. Features of this excel based calculator are as follows.

1. Complete excel based calculator.
2. Separate Pay sheet.
3. Work with government as well as non-government employees.
4. Separate HRA calculation.
5. Separate form 10 

Download income tax calculator for financial year 2014-15 relevant to analysis year 2015-16.

Tags-income tax calculator for financial year 2014-15,income tax calculator fy 2014-15,income tax calculator for assessment year 2015-16,income tax calculator for ay 2015-16,income tax calculator 14-15,income tax calculator15-16,income tax calculator for financial year 2014-15,income tax calculator fy 2014-15,income tax calculator for assessment year 2015-16,income tax calculator for ay 2015-16,income tax calculator 14-15,income tax calculator15-16,tds on salary calculator,tds on salary calculator fy 2014-15,tds on salary calculator ay 2015-16,tds on salary calculator financial year 2014-15,tds on salary calculator analysis year 2015-16.