Income Tax Calculator FY 2012 – 2013 – Updated Version 2

Readers, in my earlier post there was a minor mistake due to unclear in the statement made in the current proposed budget, that is the 80CCF instrument (Infrastructure bonds).

It seems that Mr. Mukherjee didn’t add any comment about the tax saving 80CCF instrument. So we assume that there will not be any tax exemption for the 80CCF instrument on forthcoming year, earlier we could avail tax exemption up to Rs. 20,000 on this instrument.

So by taking this into consideration, I’ve updated the calculator by removing that part. You can download the latest version from the below link:

Income Tax Calculator FY 2012-2013 Ver 2.0

P.S: I’m also planning to develop the same calculator for the android devices. Wait and watch 🙂


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