How to calculate your Income Tax for the Financial Year 2013-14 and Assessment Year 2014-15. It is most easy to calculate, if you read carefully the Manual of Income Tax which published by the Income Tax Department in the year 2010. Just add the new some Income Tax Section which included in the Last Finance Budget 2013. The New Most effective Income Tax Section is 87A (Tax Rebate up to Rs. 2,000/-).

Also it is mandatory to download the Form 16 Part A from the TRACES portal ( www.tdscpc.gov.in). Below given the Income Tax preparation Manual which you can download and read the same.

With this Tax Manual have another link to download the Automatic Income Tax Preparation Excel Based Software which can prepare your Tax Computed Sheet + Automatic Arrears Relief Calculation with Form 10E+Automatic House Rent Exemption Calculation + Automatic Prepare Form 16 Part B and Part A and B + Form 12 BA.

If you have got any perquisite from your employer, you must taken the Form 12 BA also with the Form 16.

This Excel Based Software only for the Non-Govt employees (Private Employees).

Click here to download the Private employees All in One TDS on Salary for FY 2013-14