Income Tax Calculator for FY 2017-18 [AY 2018-19] – Excel Download

Download Tax Calculator for FY 2017-18

Download Tax Calculator for FY 2017-18

Income tax for individual is what most tax payers want to know in Budget. In Budget 2017, the finance minister has made little changes to this. We highlight the changes and give you the new tax calculator for FY 2017-18 [AY 2018-19].

Changes in Income Tax Rules:

1. Tax reduced from 10% to 5% for Income from Rs 2,50,000 – Rs 5,00,000 leading to tax saving of up to Rs 12,500.

2. 10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but less than Rs 1 crore

3. For people with net taxable income below Rs 3.5 lakh, the tax rebate has been reduced to Rs 2,500 u/s 87A

4. NO RGESS Tax exemption from FY 2017-18

5. Interest deduction on rented property capped at Rs 2 Lakh

Download: Free ebook for Income Tax Planning for FY 2017-18

Income Tax Slab for FY 2017-18 [AY 2018-19]

For Income Tax Purpose – citizens above age of 60 are considered as Senior Citizens and above age of 80 are considered Very Senior citizens.

Income Tax Slab for FY 2017–18 [AY 2018-19]

Income Tax Slab for FY 2017–18 [AY 2018-19]

Download Income Tax Calculator

You can download the Income Tax Calculator for FY 2017-18 [AY 2018-19] from the link below.

Also Read: 25 Ways Budget 2017 Impacts Your Taxes and Investments

Limitations of the Calculator:

  • This Calculator is for people with only one home
  • It does not computes Capital Gains Tax

These features might be incorporated in next versions of the Tax calculator

You can also download Income Tax Calculator for FY 2016-17FY 2015-16,  FY 2014-15,  FY 2013-14 FY 2012-13 and FY 2011-12 by clicking on respective links.

39 thoughts on “Income Tax Calculator for FY 2017-18 [AY 2018-19] – Excel Download

  1. If EMployer contributes 10% i.e. 25,000, Can I contribute additional 50,000 under NPS to in section 80CCD(1B) and claim IT benefits on 25,000 as well as 50,000 ?

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  3. Ramhesh Babu says:

    Please advise how to remove exemption amount Rs 50,000 allowed under ” Additional Deduction under Sec 80CCD NPS (Max Rs 50,000/-” in line no 48 in excel calculator when contribution is not done.

  4. Nanda Krishna K S says:

    interest on self and let out is both capped at 2,00,000

  5. ashleyjudd1020 says:

    Please advice the 87A Deduction allow for employee Tax Computation for FY2017-18 2018-19

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