Posted by : CS K. K. Agrawal Jul 13, 2011


Enter Normal Income                                
------------------------------------------------------------------------------------------------------
Tax on Normal Income @ 30%                                 

Surcharge @ 5% if income exceeds 1 crore               
                                                                                 ------------------
Tax                                                                            

Less : Marginal Relief

Increase in Income              

Less : Increase in Tax                             
                                                                                 -------------------
Tax                                                                            

Education cess @ 2%          

Education cess @ 1%                            
                                                                                 -------------------
Total Tax                                                                  

{ 2 comments... read them below or Comment }

  1. Does not compute MAT

    ReplyDelete
  2. I am searching for this and then I found your blog. Thanks for the above post. I just filled all the columns which is above mentioned for tax calculation. Its done.You did a good job.
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