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IT tax and interest calculator

CA Ratan K. Rathi (chartered accountants) (48 Points)

23 October 2007

Dear friends ,

Let me know any freeware available for tax and interest calculation.Thanks

Ratan K Rathi

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2 Replies

(Guest)

MY MONTHLY INCOME IS Rs 20000 .WHAT WILL BE MY INCOME TAX P.A?

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Yogeesha (Service) (70 Points)
Replied 23 October 2007

your total annual income will be Rs.240000/- Hence u r Indian Resident Woman u exemption limit is Rs.145000/- for balance amount ie.Rs.95000/- u have to pay tax of Rs.18500/-.But u can save full tax if u invest Rs. 95000/- as per section 80c ie in life insurance premium,NSC,Mutual Funds, PF etc