Already started the new Financial Year 2017-18 & Assessment Year 2018-19. The Finance Bill has also passed by the Parliament The New Income Tax Slab has introduced by the Finance Bill 2017-18 and some changes has come to the all salaried persons.
It is indispensable to understand the Tax Liability or Calculate the Income Tax for the Financial Year 2017-18 as the Income Tax Slab has already changed.
The Tax Rebate U/s 87A has reduced from the Rs. 5,000/- to 2500/- who's taxable income less than 3,50,000/- and the new introduce the Surcharge @ 10% from 5 Lakh to 1 Crore and @ 15% above 1 Crore. The Tax Section 80CCG has abolished from this Financial Year 2017-18, but the slab U/s 80C has not changed.
Below given the unique Excel Based Software for Non-Govt Employees for the Financial Year 2017-18 & Assessment Year 2018-19.
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