Income Tax Calculator AY 2012-13 Individuals & HUFs
About this Calculator
This calculator carries out following calculations for Individual and HUF assessees for the Previous Assessment Year 2012-13 ( i.e. on income earned during 01.04.2011 - 31.03.2012 ) for determining your taxable income and income tax (also written shortly as itax / inc tax) liability:
Calculates Taxable Income by computing income from all sources viz. Salary and Allowances, House Property, Capital Gains, Income from other sources, Agriculture Income etc.
Calculates income chargeable at Special Rate for computing the Taxable Income.
Calculates deductions available from the Taxable Income under various Sections of Income Tax Act.
Calculates and shows Income Tax with slab-wise Income details.
Calculates Income net of Income Tax Liability.
You can use this calculator as an aid to compile your tax return.
Please send us your feedback and suggestions to enable us to make this calculator more user friendly.