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 Income Tax Calculator (FY 2017-18)

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.

Download Income Tax Calculator (FY 2017-18)

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.

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

  1. I am a senior citizen age 75 getting my family pension both pension income is 4,79,632.and fds intereste is 2,97,666 .how much I want to pay income tax for thisplsd help me sir thank you.

  2. Tapati Das says:

    I am house wife . my short term capital gain is Rs. 1.8 lakh and dividend receipt is 20.000/-. I have no other source of income. I paid 92,000 as life insurance premium and 50,000 for NPS in FY 2017-18.
    What will be tax liability?

  3. ravi sahrma says:

    Sir,
    your ITR Worksheet is protected, then we need to correction in this so how can we do this. will you tell me password plz

  4. Sir DA /DR on pension is exempted or not

  5. Sir is there any rebate for saving bank interest for income tax in FY 2017-18 ?. If yes then in your Income tax calculator above for FY 2017-18, there is no any rebate proposed under 80TTA for saving bank interest. Please clarify.

    • Yes 80TTA rebate is applicable for FY 2017-18. You can put that in other deductions. Thanks for pointing out, Will put this deduction in future version of the calculator

  6. Prabhakar Parida says:

    Sir,

    The income tax calculator is awesome. Non-finance people like me also can easily understand. You did a great job.

    I am buying a flat this month and registration will be done before 30th March 2018. I understand my first emi falls next year so there is no problem with that, but I am concerned on the additional benefit of Rs. 50,000/- for first time buyers. Do I need to claim this additional amount this year itself or I can claim in the next financial year ? Pls advise

    Rgds, Prabhakar

    Is there any benefit/deduction for income tax for the principal part also of the EMI paid ?

  7. First of all thanks to u becoz i am using ur i tax calculator frm last 3 years it is very easy to use and friendly.But i have one question is the rebate of 2500 on taxable income or gross income. If it is on taxable income under wt section. Thankyou again .

  8. Chandrashekhar Thote says:

    Thanks for providing a income tax calculator in excel format. It is very useful to me and to my office.

  9. My name is p.s.v.ramana working as a teacher .i have only single income source.i live in my own house.my gross salary is 734295 .savings150000 and intrest on housing 100000 .health insurance 1440 per annum .proffesional tax 2400 per annum so can you tell me how to calculate my tax.

  10. Very detailed Explanation related to taxation.Nice work.After reading previous comments it seems that most of the people are benefitting from your article.Hats off

  11. Thanks to sharing An online tool which helps in calculating income tax

  12. Venkata Vinod Kumar A says:

    I worked in a Bank and took voluntary retirement during August 2017.

    I am getting a monthly pension of Rs. 28900/- and Rs. 32,000/- monthly interest on retirement benefits. I do not have any other income.

    I am a male and my age is 49 years.

    what will be my tax liability for this financial year.

  13. earlier it was a difficulty , Nicely explained

  14. Sanket Shirodkar says:

    Hi Ashish,
    I did my tax planning last year with help of your Tax Planning Excel, let me thanks to you for your help.
    I am trying to do my tax planning this year as well by Tax Planning Excel provided here; but there is huge difference between last year excel & this one.
    Can you please add monthwise salary template which you had previousely ? as its too easy for begineers like me to do tax planning by just pasting salary slip figures into excel.
    Please update this excel if possible ………..

  15. Really helpful..one can easily plan to benefit more from income tax through above details…thanks!!

  16. how to calculate tax on Taxable salary income Rs. 351400
    & also the same if savings is Rs. 24296/- taxable salary income is Rs. 327104/-

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