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From ARB Apps:
Income Tax Calculator for India:Calculate the Income Tax for the Financial Year 2012-2013 (Assessment Year: 2013-14). In the App, the tax calculations can be saved in a record, and the record can be updated/deleted anytime. For quick tax calculations, a quick tax calculator is provided.Here are the rules considered in the app:Income Tax Rates for Financial Year 2012-2013: Case A: For Men (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase B: For Women (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase C: For resident individual of 60 years or above (Senior Citizens)Upto Rs. 2,50,000 NilRs. 2,50,001 to Rs. 5,00,00010 per centRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centCase D: For resident individual of 80 years or above (Very Senior Citizens)Upto Rs. 5,00,000 NilRs. 5,00,001 to Rs. 10,00,00020 per centAbove Rs. 10,00,000 30 per centHRA Tax Exemption Calculation:Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid 10% of Basic)Maximum allowed limits for tax exemption:Section 80C limited to 1 Lac.Section 80D limited to 35K.Section 80E limited to 40k.Section 24 limited to 1.5 Lac.Limitations of the App: 1. As all the values are considered as integers, the maximum value can be entered is (2^32 - 1).2. While doing calculations, each value is rounded to the nearest integer.Suggestions:If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.comRecent changes:Integer number format exceptions handled.Content rating: Everyone
What's new in this version: Integer number format exceptions handled.
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