Income Tax Calculator for FY 2012-13 (Excel Download)

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If you are wondering how much Income tax you would you save in next year 2012-13 post Budget 2012, here is a calculator for you in excel format.

Below is the Income Tax Slab for FY 2012-13. A significant difference is there is no more distinction between men and women as far as taxes are concerned.

Income tax 2012-13 slabs

Word of Cautions for using the Excel sheet:

  • Only Orange Cells are input cells.
  • Do not change any other cells as this may lead to Incorrect calculation.
  • Do not leave any orange cell blank. This may lead to incorrect calculation. Instead, enter 0

Limitations of the calculator:

  • This calculates Income tax only for people who have no losses/gains from House property or have a maximum of 1 House.
  • For details of Assumptions & Income tax rules followed for the calculator Read - Income Tax – Some Common Rules & Regulations
Update:
The previous version of Income Tax calculator FY 2012-13 had benefit of Infrastructure bond incorporated but as reported by major newspapers – Infra Bond benefit would no more be eligible for Income Tax exemption under section 80CCF. This change has now been incorporated in the below calculator.

Download Link:

You can also download the Income Tax Calculator for FY 2013-14
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Also Download quick tips to save tax for FY 2013-14 by clicking link below:

Download Income Tax Calculator for FY 2013-14

Check out your Income tax for FY 2011-12!

The figure below shows the snapshot of Income Tax calculator FY 2012-13

Income tax 2012-13 calculator excel sheet

Disclaimer: I am not a tax consultant. I have tried to incorporate all the Income tax rules & regulations best known to me. Its always advisable to consult an expert or a tax consultant to cross verify your tax liability.

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46 thoughts on “Income Tax Calculator for FY 2012-13 (Excel Download)

  1. I am Muthu Row, My monthly earnig is arround 2 Lks i want to know How to Calculate your income tax and How to reduce it… Pls give some valuable suggestion

    • You can download the excel sheet above and follow step by step instructions to calculate your tax liability. As for the Tax saving is concerned follow this blog and click Save Tax in Tags.

  2. MD TAUQEER RAZA says:

    Please send my email address income tax A/y 12-13 and tds rates excel file

  3. anshuman sarangi says:

    I m Anshuman Sarangi, Kindly tell me how we maintain service tax ??

  4. Devender Singh says:

    good

  5. pl kindly send me e- mail address the income tax calculator for the year of 2012-2013,

  6. [email protected] says:

    Thanx

  7. its very good calculator for salaried persons

  8. its very good calculator for salaried persons

  9. I see that in the example above the guy has a housing loan and is getting HRA exemption as well. I have a housing Loan but i stay in the same place. Is there a way to get HRA benefits ? Thank you.

  10. Anubhav Gupta says:

    your tax calculator give incorrect result for AY 12-13…

    My Salary income is 150,000/- only and other income 300,000/- but when I put this amount tax shown nil liability. how is it possible…..
    your Income form other source is not working properly.

    plz correct this…….

  11. jaspreet singh says:

    income tax calculator 2012 -13

  12. Rakesh Chauhan says:

    Thanks for this usefull information,now we can caculate income tax easily and quickely.

  13. income tax calculator 2012 -13

  14. meaningful information

  15. KACHIBHOTLA SRINIVAS says:

    It is very nice to have readymade one

  16. A V Subrahmanyam says:

    please send tax caluclator for year ended 2012-13

  17. Chendurpandian K says:

    I need excel tax calculator

  18. Hey Amit, thanks for ur example explaination.
    M makin a web app on IT tax filing as college project n that example helps me alot!!!

  19. meaningful information

  20. Sir, I want to calculate my income tax . Let me know the system of calculating it with tax benefits step by step .

    • You can download the calculator from the link above and fill in the relevant details. It would automatically calculate your tax outgo for the years. Let me know in case their are specific questions on the calculator.

  21. Sorry sir I forgot to mention my age. I am 58 years old. Thanks.

  22. Thank you for sharing. Good Share

  23. [...] can also download Income Tax Calculator for FY 2012-13 and FY 2011-12 by clicking on respective [...]

  24. My Father In law aged 59 has the following income for FY 2012-2013 (i.e. AY 2013-2014)

    Salary & Allowances : INR 7,38,000/- Interest Income INR 1,20,000/-

    How much Income tax & surcharge is to be paid ( pls show calculation)

    Which IT Return Form is to be used ?

    • You can download the above Income Tax calculator for FY 2012-13 (AY 2013-14) above. In above case if no investment is made and all the salary income is considered taxable, your’s father in law’s tax liability comes out to be Rs 78,898.

      I would suggest yo to download quick guide on tax saving and plan accordingly.

  25. I bought National Savings Certificate on December, 2012 and I want to declare the interest from it every year. How much interest can be declared for this financial year(2012-13)? Interest for one year or for four months, December-12 to March-13?

    • You can claim tax benefit on accrued interest of National Savings Certificate (NSC) from next financial year in which you have invested in NSC. So in your case you can show annual interest of FY 2013-14 and subsequent financial years on NSC as accrued interest for tax benefit u/s 80C.

    • jaigovind boob says:

      Interest on NSC can be declared @ 8.00%.PM.

  26. Hi! I am Serving in UN. I get an Indian Salary and a UN Salary. UN salary is exempted from income tax. Can you tell me how to show the UN Salary in ITR.

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