Description

Income Tax Calculator FY 2025-26

🔹 How to Use the Excel Tax Calculator

1. Download the Excel file from rajteachers.net/income-tax-calculator (or your preferred source).

2. Open in Microsoft Excel (or Google Sheets).

3. Fill in the following:

   • Basic Salary

   • HRA Received & Rent Paid

   • Investments under 80C, 80D, etc.

   • Home loan interest, if applicable

4. The sheet will automatically:

   • Compute your Gross Total Income

   • Subtract eligible deductions

   • Show Taxable Income

   • Calculate Income Tax as per both regimes

   • Indicate which regime is more beneficial

Tips for Accurate Tax Planning in Excel

• ✔️ Update basic salary as per latest increment or DA changes.

• ✔️ Keep receipts for all investment proofs (LIC, Mutual Funds, PF).

• ✔️ Use monthly view in Excel to plan TDS deductions accurately.

• ✔️ Consider switching regimes yearly depending on your investment profile.

🔹 Conclusion

An Income Tax Calculator in Excel for FY 2025-26 is a powerful and user-friendly tool for any salaried employee or consultant. Whether you are trying to choose the right tax regime or plan investments wisely, this offline calculator gives you complete control and visibility.

Stay compliant, maximize your savings, and make informed decisions with a simple Excel-based income tax calculator today!