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How to Deduct TDS, Salaried Employee for Asstt. Year 2014-15 ?

We are already known the Finance Minister declared the Income Tax Slab for Asstt. Year 2013-14  in Union Budget-2013 with all tax liabilities and reliefs.  On the  basis of Union Budget -2013 Income Tax Slab and all liabilities and reliefs to Taxpayee by the Government, the most useful and simple Tax Calculator for salaried employee to  deduct monthly TDS from salary is now available by Gsoftnet.  The  Salaried Employee can calculate Tax Liability for Asstt. Year 2014-15 from March-2013.  For more clarification  current Income Tax Slab is also available.

Calculate your Tax Liability in Financial Year 2013-14



I. In case of individual (other than II and III below) and HUF
*** Tax credit of Rs.2000 for annual income of Rs. 5 lakh

II. In case of individual being a woman resident in India and below the age of 60 years at any time during the previous year:

*** Tax credit of Rs.2000 for annual income of Rs. 5 lakh

III. In case of an individual resident who is of the age of 60 years or more at any time during the previous year:

*** Tax credit of Rs.2000 for annual income of Rs. 5 lakh

IV. In case of an individual resident who is of the age of 80 years or more at any time during the previous year:

*** Tax credit of Rs.2000 for annual income of Rs. 5 lakh
  • Education Cess: 3% of the Income-tax.
  • New Rs 50,000 tax exemption for retail equity investments
  • Sale of residential property exempt from Capital Gains tax if invested in equity or equipment of an SME.
  • Implementation of Direct Tax Code (DTC) deferred. GST to be operational by August 2012.
  • Surcharge of 10% on income more than Rs. 1 crore
  • Tax credit of Rs.2000 for annual income of Rs. 5 lakh
  • Home Loan Income tax Exemption limit increased from Rs.1.5 lakhs to Rs.2.5 lakhs for loan up to Rs.25 lakhs
  • Rajiv Gandhi Equity Savings Scheme extended to mutual funds.
  • Rajiv Gandhi Equity Savings Scheme to be liberlised.
  • Rajiv Gandhi Equity Savings Scheme limit increased.
Download Tax Calculator For. A. Y. 2013-15  (Click Here)
Form 16 Utility Free Download (Click Here)