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H O W T O G E T A N U P D A T E / C O N T A C T M E
1 This tax calculator constantly gets updated to fix errors found as well as to add new features2 This may also be changed when there are changes in tax rules that affect income tax computation3 The latest version of this tool is available for free download from the Internet at http://taxcalc.ynithya.com/45678910
R E V I S I O N H I S T O R Y
Version 11.0; Release date: April 14, 2007
Updated for FY 2008-09
Version 10.1; Release date: April 11, 2007
Fixed some errors in PF calculation and perquisites valuation, added Capital Gains Tax calculation
Version 10.0; Release date: March 25, 2007
Updated for FY 2007-08. Reformatted to include more heads for income & deductions
Version 9.1; Release date: July 29, 2005
Updated to include the budget revisions, NSC interest calculation error corrected, Surcharge calculation fixed
Version 9.0; Release date: May 01, 2005
Updated for financial year 2005-06, corrections and enhancements incorporated
Version 8.2; Release date: January 14, 2005
Fixed some errors in calculation of HRA exemption, surcharge, section 88D rebate, etc.
Version 8.1; Release date: September 18, 2004
Updated to include the budget revisions
Version 8.0; Release date: May 10, 2004
Updated for financial year 2004-05, corrections and enhancements incorporated
Version 7.1; Release date: May 08, 2003Version 7.0; Release date: April 18, 2003
Updated to include the new budget proposals for financial year 2003-04
Version 6.5; Release date: March 03, 2003Version 6.4; Release date: February 25, 2003Version 6.3; Release date: January 09, 2003
Corrections: Problem in tax rebate calculation when the salary is between 1 lac and 2 lacs; Housing loan interest calculation
Version 6.2; Release date: January 07, 2003
Updated to fix some errors in calculation of Std. deduction, Tax rebate, Vehicle maintenance exemption, Perquisites, etc.
Version 6.1; Release date: May 15, 2002
Updated to include the changes as passed in the finance bill; Fixed some minor defects
Version 6.0; Release date: April 10, 2002
Updated to include the new budget proposals for financial year 2002-03Please check back frequently (at least once every 2 months) to see that you have the latest version. You can compare the version number atthe top of this instructions page. However, if you have subscribed, you will automatically receive updates You can also send a blank e-mail to
with only the subject line as "
" and you will automatically receivethe current version of tax calculator within a day or twoIf you want me to send you an updated version automatically, whenever I update, please send a blank e-mail to
withonly the subject as "
"If you find any inaccuracy in the calculation or want clarification on some aspect of the tax calculator, please send an e-mail to
with subject as "
" and I will try to reply within a weekIf you are already on my list and no longer want to get updates, send a blank e-mail to
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Since I am not a chartered accountant or a tax consultant, I am not in a position to answer specfic queries related to taxation. You will have to contact a tax consultant for your specific queries
Click here to go to the tax calculation sheet
Updated to correct mistakes in: perquisites calculation, children's education rebate under section 88 and inclusion of interest income in grossincomeCorrections: Housing loan interest and House/property income/loss was not being accounted correctly. Next year's (Financial year 2003-04)version 7.0 should be out sometime in late April or early May 2003Corrections: Std. deduction calculation, housing interest accounting, LIC SSS accounting, Perks calculation (different interest rates for the 2loans)