India Tax Calculator FY2012-13

Income Tax Calculator for India: (FY 2012-2013/AY 2013-1014)Advance and Quick Tax Calc provided in the App.Calculate the Income Tax for the Financial Year 2012-2013 (Assessment Year: 2013-14). In the App, the tax calculations can be saved in a record, and the record can be updated/deleted anytime. For quick tax calculations, a quick tax calculator is provided.Here are the rules considered in the app:Income Tax Rates for Financial Year 2012-2013: Case A: For Men (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,000 10 per centRs. 5,00,001 to Rs. 10,00,000 20 per centAbove Rs. 10,00,000 30 per centCase B: For Women (less than 60 years)Upto Rs. 2,00,000 NilRs. 2,00,001 to Rs. 5,00,000 10 per centRs. 5,00,001 to Rs. 10,00,000 20 per centAbove Rs. 10,00,000 30 per centCase C: For resident individual of 60 years or above (Senior Citizens)Upto Rs. 2,50,000 NilRs. 2,50,001 to Rs. 5,00,000 10 per centRs. 5,00,001 to Rs. 10,00,000 20 per centAbove Rs. 10,00,000 30 per centCase D: For resident individual of 80 years or above (Very Senior Citizens)Upto Rs. 5,00,000 NilRs. 5,00,001 to Rs. 10,00,000 20 per centAbove Rs. 10,00,000 30 per centHRA Tax Exemption Calculation:Minimum of (40 or 50% of Basic, Annual HRA Claimed, Annual Rent Paid – 10% of Basic)Maximum allowed limits for tax exemption:Section 80C limited to 1 Lac.Section 80D limited to 35K.Section 80E limited to 40k.Section 24 limited to 1.5 Lac.Limitations of the App: 1. As all the values are considered as integers, the maximum value can be entered is (2^31 - 1).2. While doing calculations, each value is rounded to the nearest integer.Suggestions:If any rules are violated or for any suggestions, please send an email to arbandroidapps@gmail.com