This calculator approach simplifies tax calculations, reducing reliance on Chartered Accountants by breaking income into slabs, applying tax rates, and adding cess, enabling precise computation of payable tax under each regime.
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How to calculate the income tax if you are a government employee and get an annual salary or income from other source between ₹ 5.0 Lakhs to ₹ 20.08 Lakhs.
Google Sheets offer a wide range of formulas (approx.513) to perform various calculations, data manipulations, and analysis tasks.