1) New Section have include U/s 87 A ( Tax Rebate Rs. 2,000/-, who's Taxable Income less than
2) New Section have include U/s 80 EE ( Additional benefits can get this section regarding House
Building Loan Interest Max Rs.1,00,000/-(One Lake) and only get the benefits who can get the
House Building Loan since 01/04/2013.
3) The Income Tax Slab has not change and the same as previous Financial Year.
Now it is necessary to guess how much amount shall be paid as Tax payable for the Financial Year 2013-14 and Assessment Year 2014-15. All of the Govt and Non-Govt Concerned calculate the Tax Liability of each employee from the starting the New financial Year and also they can deduct the Tax month wise and submit the same to the income tax department through the Treasury or Bank Challan as well as the 24Q or 26Q in the end of each Quarter ended period.
In this regard you should first calculate your Taxable Income and Tax liability for the Financial Year 2013-14 and Assessment Year 2014-15.
Here is a Advance Income Tax Calculator (Automatic) which can calculate your Tax Liability just a moment, after giving your Salary in Salary Sheet. This Excel utility have some special feature of Excel and have no need to quarry from another persons regarding the new tax slab and new Section which have newly included. In this Excel Based Advance Tax Calculator have all the new feature of Finance Bill and the New included Section in Instruction sheet.
Download the Utility from below Link :