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

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:

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You can also download the Income Tax Calculator for FY 2013-14

Also Download quick tips to save tax for FY 2013-14 by clicking link below:

Download Income Tax Calculator for FY 2013-14

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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.

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

  1. Biju Divakaran says:

    Please send tax calculator for FY 2012/2013

  2. 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.

  3. 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.

  4. Thank you for sharing. Good Share

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

  6. 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.

  7. meaningful information

  8. 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!!!

  9. Chendurpandian K says:

    I need excel tax calculator

  10. A V Subrahmanyam says:

    please send tax caluclator for year ended 2012-13

  11. KACHIBHOTLA SRINIVAS says:

    It is very nice to have readymade one

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