We are enclosing herewith Automatic Form 16 cum Income Tax Calculator for Salaried Person in excel format for Financial year 2014-15 / Assessment Year 2015-16. The Calculator automatically calculates your tax liability with surcharge and marginal relief (if any). Calculator have inbuilt capability of calculating Interest accrued on National Saving Certificates bought by you in the previous years. You are also provided with formats of Form No.10C & Form No.12C,work-sheet for calculation of loss on house property.
You can download the calculator by clicking the link below
Every effort has been taken to avoid errors or omission in the IT calculator. In spite of this, it is possible that any mistake, errors, ambiguity, discrepancy may inadvertently creep up. Viewers are advised to ascertain the correct position/prevailing income tax law before relying upon the calculator. The Website or the Author of the Calculator does not own any responsibility for any discrepancy in the calculator and accept no liability of any kind, any losses or damages caused or alleged to be caused directly or indirectly from using the calculator from this website.