Disclaimer the above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant acts rules etc. Understanding the concept of liability to pay minimum alternate tax mat and alternate minimum tax amt and various provisions like book profit dividends paid or proposed depreciation deferred tax income of foreign company etc.
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