Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Income Tax Calculator For Financial Year 2011 12

Download as xls, pdf, or txt
Download as xls, pdf, or txt
You are on page 1of 18

www.taxguru.

in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN
FILL ONLY BLANK COLUMN INCOME TAX CALCULATOR FOR MALE
COMPANY NAME : M/S
CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-12 (01/04/11 TO 31/03/12)

NAME : DESIGNATION
SEX : MALE DEPTT.
HRA IT IS NOT THE PART OF FIXED SALARY. IT IS

REMIBUSEMENT
TDS DEDUCTED/
SALARY/ LEAVE

INCENTIVE ETC.
OTHER INCOME
PERQUISTIES &
BASIC SALARY

BASIC SALARY
TOTAL GROSS

ADVANCE TAX
THE AMOUNT WHICH IS REIMBURSED AFTER

MEDICAL EXP

MEDICAL EXP
CONVEYANCE

CONVEYANCE
ALLOWANCE

ALLOWANCE

BONUS/GIFT/

NET SALARY
SUBMITTING THE MEDICAL BILL

SALARY ( IF
ARREAR OF

EPF 12% OF
EXEMPTED
RENT PAID
HRA RECD

COMPANY

TAXABLE
SALARY
MONTH

FROM

ANY)
PAID

PAID
PAID
PREVIOUS
EMPLOYER
SALARY 0 0 0 0
APRIL'2011 15000 6000 5000 4500 800 10000 35500 1800 500 33200 0
MAY 10000 6000 5000 4500 800 18950 39450 1200 38250 0
JUNE 10000 6000 5000 4500 800 18950 39450 1200 38250 0
JULY 10000 6000 5000 5000 800 13000 34000 1200 32800 0 45000 180000
AUGUST 10000 6000 5000 5000 800 13000 34000 1200 32800 0 13000
ARREAR 5000 0 0 0
SEPT. 10000 6000 5000 5000 800 13000 33000 67000 1200 65800 0
OCT. 10000 6000 5000 5000 800 13000 34000 1200 32800 0
NOV. 10000 6000 7500 5000 800 13000 34000 1200 32800 0
DEC. 10000 6000 7500 5000 800 13000 34000 1200 32800 0
JAN.2012 10000 6000 7500 5000 800 13000 34000 1200 32800 0
FEB. 10000 6000 7500 5000 800 13000 34000 1200 32800 0
Mar-12 10000 9000 7500 5000 800 13000 37000 1200 35800 0
TOTAL 125000 75000 77500 58500 9600 164900 0 33000 456400 15000 500 440900 0 0
ANNUAL TOT 125000 75000 77500 58500 9600 164900 0 33000 456400 15000 500 440900 0 0
0
WORKING:- AMOUNT COMPUTATION FOR FY 2009-2010 AMOUNT

CONVEYANCE RECEIVED. 58500 1. BASIC SALARY 125000


LESS : DED.(800/- PM ) 9600 2. HRA T 12500
48900 3. CONVEYANCE TAXABLE 48900
HRA RECEIVED 75000 4. SPL ALLOWANCE 164900
50% OF SAL(NOIDA 40%) 62500 FOR DELHI 50% & FOR 5. BONUS & EXGRATIA & INCENTIVE 33000
RENT PAID 77500 OTHER CITIES 40% 6. ARREAR OF SALARY/ LEAVE SALARY (IF AN 0
7. OTHER INCOME RECD. 5000
8. MEDICAL EXP REMIBURSE > 15000 0
BASIC TOT 125000 TOTAL 389300
BAS SAL%10 12500 65000 9.INCOME FROM HOUSE PROPERTY
HRA EXEMPT 62500 Interest on Home Loan 0 0
GROSS TOTAL INCOME 389300
TAXABLE HOUSE RENT 12500 DEDUCTION U/S 80 C
Deduction allowed U/S 80 C 100000
PLEASE FILL THE INVESTMENTS BELOW Deduction allowed U/S 80 C for
DEDUCTION U/S 80 C Infrastructue bond limit Rs.20000/- 10000
PROVIDENT FUND 15000 DEDUCTION U/S 80 D
LIC PAID 75655 Deduction allowed U/S 80 d 5500
NSC PURCHASED 10000 DEDUCTION U/S 80 G**
TUTION FEES TOTAL DEDUCTIONS 115500
PPF DEPOSIT NET TOTAL INCOME 273800 113800
OTHERS 20000 TAX DUE ON RS. R/ OFF 273800
REPAYMENT OF HLA TAX PAYBLE 9380
TOTAL 120655 ADD: EDUCATIONAL CESS 3% 281
MAXI.LIMIT Deduction U/S 80 C 100000 TOTAL TAX PAYBLE 9661
DEDUCTION U/S 80 D - MEDICLAIM INSURANCE TDS DEDUCTED / ADVANCE TAX 500
MEDICLAIM INSURANCE PAID 5500 BALANCE TAX PAYABLE 9161
AVERAGE MONTLY TDS 805
DEDUCTION U/S 80 G ***

Any person or ‘assessee’ who makes an eligible donation is entitled to get tax deductions subject to conditions.
This section does not restrict the deduction to individuals, companies or any specific category of taxpayer.
I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL
HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OF FILING OF RETURN ITSELF.
COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE
2
www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN
FILL ONLY BLANK COLUMN INCOME TAX CALCULA
COMPANY NAME : DIPTY LAL JUDGE MAL PVT. LTD. NOIDA
CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03/12)

NAME : DESIGNATION
SEX : FEMALE DEPTT.
HRA

SALARY/ LEAVE

INCENTIVE ETC.
OTHER INCOME
PERQUISTIES &
BASIC SALARY

TOTAL GROSS
CONVEYANCE

CONVEYANCE
ALLOWANCE

ALLOWANCE

BONUS/GIFT/
SALARY ( IF
ARREAR OF
EXEMPTED
RENT PAID
HRA RECD

COMPANY

SALARY
MONTH

FROM

ANY)
PAID
PREVIOUS
EMPLOYER
SALARY 0 0
APRIL'2010 10000 6000 7500 4500 800 18950 39450
MAY 10000 6000 7500 4500 800 18950 39450
JUNE 10000 6000 7500 4500 800 18950 39450
JULY 10000 6000 7500 5000 800 13000 34000
AUGUST 10000 6000 7500 5000 800 13000 34000
ARREAR 0
SEPT. 10000 6000 7500 5000 800 13000 33000 67000
OCT. 10000 6000 7500 5000 800 13000 34000
NOV. 10000 6000 7500 5000 800 13000 34000
DEC. 10000 6000 7500 5000 800 13000 34000
JAN.2011 10000 6000 7500 5000 800 13000 34000
FEB. 10000 6000 7500 5000 800 13000 34000
MARCH 10000 9000 7500 5000 800 13000 37000
TOTAL 120000 75000 90000 58500 9600 173850 0 33000 460350
ANNUAL TOT 120000 75000 90000 58500 9600 173850 0 33000 460350

WORKING:- AMOUNT COMPUTATION FOR FY 20

CONVEYANCE RECEIVED. 58500 1. BASIC SALARY


LESS : DED.(800/- PM ) 9600 2. HRA T
48900 3. CONVEYANCE TAXABLE
HRA RECEIVED 75000 4. SPL ALLOWANCE
FOR DELHI 50% & FOR
50% OF SAL(NOIDA 40%) 60000 OTHER CITIES 40% 5. BONUS & EXGRATIA & I
RENT PAID 90000 6. ARREAR OF SALARY/ LE
7. OTHER INCOME RECD.
8. MEDICAL EXP REMIBUR
BASIC TOT 120000
BAS SAL%10 12000 78000 9.INCOME FROM HOUSE P
HRA EXEMPT 60000
GROSS TOTAL INCOME
TAXABLE HOUSE RENT 15000 DEDUCTION U/S 80 C
Deduction allowed U/S 80 C
PLEASE FILL THE INVESTMENTS BELOW
Deduction allowed U/S 80 C for
DEDUCTION U/S 80 C Infrastructue bond limit Rs.2000
PROVIDENT FUND 14400 DEDUCTION U/S 80 D
LIC PAID 75655 Deduction allowed U/S 80 d
NSC PURCHASED 10000 DEDUCTION U/S 80 G**
TUTION FEES TOTAL DEDUCTIONS
PPF DEPOSIT NET TOTAL INCOME
OTHERS TAX DUE ON RS. R/ OFF
REPAYMENT OF HLA TAX PAYBLE
TOTAL 100055 ADD: EDUCATIONAL CESS 3
MAXI.LIMIT Deduction U/S 80 C 100000 TOTAL TAX PAYBLE
DEDUCTION U/S 80 D - MEDICLAIM INSURANCE TDS DEDUCTED / ADVANC
MEDICLAIM INSURANCE PAID 5500 BALANCE TAX PAYABLE
AVERAGE MONTLY TDS

DEDUCTION U/S 80 G ***

Any person or ‘assessee’ who makes an eligible donation is entitled to get tax deductions subject to conditions.
This section does not restrict the deduction to individuals, companies or any specific category of taxpayer.
I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL
HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OF FILING OF RETURN ITSELF.
COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYE
INCOME TAX CALCULATOR FOR FEMALE
VT. LTD. NOIDA
-2012 (01/04/11 TO 31/03/12)

IT IS NOT THE PART OF FIXED SALARY. IT IS


THE AMOUNT WHICH IS REIMBURSED AFTER

REMIBUSEMENT
TDS DEDUCTED/
BASIC SALARY

ADVANCE TAX

MEDICAL EXP SUBMITTING THE MEDICAL BILL

MEDICAL EXP
NET SALARY
EPF 12% OF

TAXABLE
PAID

PAID

0 0
1200 500 37750 0
1200 38250 0
1200 38250 0
1200 32800 0 45000 180000
1200 32800 0 13000 2
0 0
1200 65800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 35800 0
14400 500 445450 0 0
14400 500 445450 0 0
0
COMPUTATION FOR FY 2009-2010 AMOUNT

1. BASIC SALARY 120000


15000
3. CONVEYANCE TAXABLE 48900
4. SPL ALLOWANCE 173850
5. BONUS & EXGRATIA & INCENTIVE 33000
6. ARREAR OF SALARY/ LEAVE SALARY (IF A 0
7. OTHER INCOME RECD. 600000
8. MEDICAL EXP REMIBURSE > 15000 0
TOTAL 990750
9.INCOME FROM HOUSE PROPERTY
Interest on Home Loan 0 0
GROSS TOTAL INCOME 990750
DEDUCTION U/S 80 C
Deduction allowed U/S 80 C 100000
Deduction allowed U/S 80 C for
Infrastructue bond limit Rs.20000/- 20000
DEDUCTION U/S 80 D
Deduction allowed U/S 80 d 5500
DEDUCTION U/S 80 G**
TOTAL DEDUCTIONS 125500
NET TOTAL INCOME 865250 675250
TAX DUE ON RS. R/ OFF 865250
TAX PAYBLE 110575 65250
ADD: EDUCATIONAL CESS 3% 3317 19575
TOTAL TAX PAYBLE 113892
TDS DEDUCTED / ADVANCE TAX 500
BALANCE TAX PAYABLE 113392
AVERAGE MONTLY TDS 9491

ons subject to conditions.


c category of taxpayer.
ORM 16. YOU WILL
F RETURN ITSELF.

SPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE
www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN
FILL ONLY BLANK COLUMN INCOME TAX CALCULATO
COMPANY NAME :
CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03/1

NAME : DESIGNATION
SEX : MALE/ FEMAILE DEPTT.
HRA

SALARY/ LEAVE

INCENTIVE ETC.
OTHER INCOME
PERQUISTIES &
BASIC SALARY

TOTAL GROSS
CONVEYANCE

CONVEYANCE
ALLOWANCE

ALLOWANCE

BONUS/GIFT/
SALARY ( IF
ARREAR OF
EXEMPTED
RENT PAID
HRA RECD

COMPANY

SALARY
MONTH

FROM

ANY)
PAID
PREVIOUS
EMPLOYER
SALARY 0 0
APRIL'2010 10000 6000 7500 4500 800 18950 39450
MAY 10000 6000 7500 4500 800 18950 39450
JUNE 10000 6000 7500 4500 800 18950 39450
JULY 10000 6000 7500 5000 800 13000 34000
AUGUST 10000 6000 7500 5000 800 13000 34000
ARREAR 0
SEPT. 10000 6000 7500 5000 800 13000 33000 67000
OCT. 10000 6000 7500 5000 800 13000 34000
NOV. 10000 6000 7500 5000 800 13000 34000
DEC. 10000 6000 7500 5000 800 13000 34000
JAN.2011 10000 6000 7500 5000 800 13000 34000
FEB. 10000 6000 7500 5000 800 13000 34000
MARCH 10000 9000 7500 5000 800 13000 37000
TOTAL 120000 75000 90000 58500 9600 173850 0 33000 460350
ANNUAL TOT 120000 75000 90000 58500 9600 173850 0 33000 460350

WORKING:- AMOUNT COMPUTATION FOR FY 20

CONVEYANCE RECEIVED. 58500 1. BASIC SALARY


LESS : DED.(800/- PM ) 9600 2. HRA T
48900 3. CONVEYANCE TAXABLE
HRA RECEIVED 75000 4. SPL ALLOWANCE
FOR DELHI 50% & FOR
50% OF SAL(NOIDA 40%) 60000 OTHER CITIES 40% 5. BONUS & EXGRATIA & I
RENT PAID 90000 6. ARREAR OF SALARY/ LE
7. OTHER INCOME RECD.
8. MEDICAL EXP REMIBUR
BASIC TOT 120000
BAS SAL%10 12000 78000 9.INCOME FROM HOUSE P
HRA EXEMPT 60000
GROSS TOTAL INCOME
TAXABLE HOUSE RENT 15000 DEDUCTION U/S 80 C
Deduction allowed U/S 80 C
PLEASE FILL THE INVESTMENTS BELOW Deduction allowed U/S 80 C for
DEDUCTION U/S 80 C bond limit Rs.20000/-
PROVIDENT FUND 14400 DEDUCTION U/S 80 D
LIC PAID 75655 Deduction allowed U/S 80 d
NSC PURCHASED 10000 DEDUCTION U/S 80 G**
TUTION FEES TOTAL DEDUCTIONS
PPF DEPOSIT NET TOTAL INCOME
OTHERS 20000 TAX DUE ON RS. R/ OFF
REPAYMENT OF HLA TAX PAYBLE
TOTAL 120055 ADD: EDUCATIONAL CESS 3
MAXI.LIMIT Deduction U/S 80 C 100000 TOTAL TAX PAYBLE
DEDUCTION U/S 80 D - MEDICLAIM INSURANCE TDS DEDUCTED / ADVANC
MEDICLAIM INSURANCE PAID 5500 BALANCE TAX PAYABLE
AVERAGE MONTLY TDS

Any person or ‘assessee’ who makes an eligibleDEDUCTION get tax deductions subject to conditions. T
U/S 80 Gto***
donation is entitled
section does not restrict the deduction to
HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OFindividuals, companies or FILING
any specific
OFcategory
RETURN of ITSELF.
taxpayer.
COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYE
COME TAX CALCULATOR FOR SENIOR CITIZEN

11-2012 (01/04/11 TO 31/03/12)

SR CITIZIEN AGE EQUAL TO OR MORE THAN 60 YEARS


BUT LESS THAN 80 YEARS
IT IS NOT THE PART OF FIXED SALARY. IT IS
THE AMOUNT WHICH IS REIMBURSED AFTER

REMIBUSEMENT
TDS DEDUCTED/
BASIC SALARY

ADVANCE TAX

SUBMITTING THE MEDICAL BILL

MEDICAL EXP

MEDICAL EXP
NET SALARY
EPF 12% OF

TAXABLE
PAID

PAID

0 0
1200 500 37750 0
1200 38250 0
1200 38250 0
1200 32800 0
1200 32800 0
0 0
1200 65800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 35800 0
14400 500 445450 0 0
14400 500 445450 0 0
0
COMPUTATION FOR FY 2009-2010 AMOUNT

1. BASIC SALARY 120000


15000
3. CONVEYANCE TAXABLE 48900
4. SPL ALLOWANCE 173850
5. BONUS & EXGRATIA & INCENTIVE 33000
6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 0
7. OTHER INCOME RECD. 590000
8. MEDICAL EXP REMIBURSE > 15000 0
TOTAL 980750
9.INCOME FROM HOUSE PROPERTY
Interest on Home Loan 0 0
GROSS TOTAL INCOME 980750
DEDUCTION U/S 80 C
Deduction allowed U/S 80 C 100000
Deduction allowed U/S 80 C for Infrastructue
bond limit Rs.20000/- 10000
DEDUCTION U/S 80 D
Deduction allowed U/S 80 d 5500
DEDUCTION U/S 80 G**
TOTAL DEDUCTIONS 115500
NET TOTAL INCOME 865250
TAX DUE ON RS. R/ OFF 865250
TAX PAYBLE 104575 65250
ADD: EDUCATIONAL CESS 3% 3137 19575
TOTAL TAX PAYBLE 107712 105575
TDS DEDUCTED / ADVANCE TAX 500
BALANCE TAX PAYABLE 107212
AVERAGE MONTLY TDS 8976

ons subject to conditions. This


Fcategory
RETURN of ITSELF.
taxpayer.

SPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE
www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN
FILL ONLY BLANK COLUMN INCOME TAX CALCULATO
COMPANY NAME :
CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03/1

NAME : DESIGNATION
SEX : MALE/ FEMAILE DEPTT.
HRA

SALARY/ LEAVE

INCENTIVE ETC.
OTHER INCOME
PERQUISTIES &
BASIC SALARY

TOTAL GROSS
CONVEYANCE

CONVEYANCE
ALLOWANCE

ALLOWANCE

BONUS/GIFT/
SALARY ( IF
ARREAR OF
EXEMPTED
RENT PAID
HRA RECD

COMPANY

SALARY
MONTH

FROM

ANY)
PAID
PREVIOUS
EMPLOYER
SALARY 0 0
APRIL'2010 10000 6000 7500 4500 800 18950 39450
MAY 10000 6000 7500 4500 800 18950 39450
JUNE 10000 6000 7500 4500 800 18950 39450
JULY 10000 6000 7500 5000 800 13000 34000
AUGUST 10000 6000 7500 5000 800 13000 34000
ARREAR 0
SEPT. 10000 6000 7500 5000 800 13000 33000 67000
OCT. 10000 6000 7500 5000 800 13000 34000
NOV. 10000 6000 7500 5000 800 13000 34000
DEC. 10000 6000 7500 5000 800 13000 34000
JAN.2011 10000 6000 7500 5000 800 13000 34000
FEB. 10000 6000 7500 5000 800 13000 34000
MARCH 10000 9000 7500 5000 800 13000 37000
TOTAL 120000 75000 90000 58500 9600 173850 0 33000 460350
ANNUAL TOT 120000 75000 90000 58500 9600 173850 0 33000 460350

WORKING:- AMOUNT COMPUTATION FOR FY 20

CONVEYANCE RECEIVED. 58500 1. BASIC SALARY


LESS : DED.(800/- PM ) 9600 2. HRA T
48900 3. CONVEYANCE TAXABLE
HRA RECEIVED 75000 4. SPL ALLOWANCE
FOR DELHI 50% & FOR
50% OF SAL(NOIDA 40%) 60000 OTHER CITIES 40% 5. BONUS & EXGRATIA & I
RENT PAID 90000 6. ARREAR OF SALARY/ LE
7. OTHER INCOME RECD.
8. MEDICAL EXP REMIBUR
BASIC TOT 120000
BAS SAL%10 12000 78000 9.INCOME FROM HOUSE P
HRA EXEMPT 60000
GROSS TOTAL INCOME
TAXABLE HOUSE RENT 15000 DEDUCTION U/S 80 C
Deduction allowed U/S 80 C
PLEASE FILL THE INVESTMENTS BELOW Deduction allowed U/S 80 C for
DEDUCTION U/S 80 C bond limit Rs.20000/-
PROVIDENT FUND 14400 DEDUCTION U/S 80 D
LIC PAID 75655 Deduction allowed U/S 80 d
NSC PURCHASED 10000 DEDUCTION U/S 80 G**
TUTION FEES TOTAL DEDUCTIONS
PPF DEPOSIT NET TOTAL INCOME
OTHERS 20000 TAX DUE ON RS. R/ OFF
REPAYMENT OF HLA TAX PAYBLE
TOTAL 120055 ADD: EDUCATIONAL CESS 3
MAXI.LIMIT Deduction U/S 80 C 100000 TOTAL TAX PAYBLE
DEDUCTION U/S 80 D - MEDICLAIM INSURANCE TDS DEDUCTED / ADVANC
MEDICLAIM INSURANCE PAID 5500 BALANCE TAX PAYABLE
AVERAGE MONTLY TDS

Any person or ‘assessee’ who makes an eligibleDEDUCTION get tax deductions subject to conditions. T
U/S 80 Gto***
donation is entitled
section does not restrict the deduction to
HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OFindividuals, companies or FILING
any specific
OFcategory
RETURN of ITSELF.
taxpayer.
COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYE
COME TAX CALCULATOR FOR SENIOR CITIZEN

11-2012 (01/04/11 TO 31/03/12)

SR CITIZIEN AGE EQUAL TO OR MORE THAN 80 YEARS

IT IS NOT THE PART OF FIXED SALARY. IT IS THE AMOUNT


WHICH IS REIMBURSED AFTER SUBMITTING THE MEDICAL

REMIBUSEMENT
TDS DEDUCTED/
BASIC SALARY

BILL
ADVANCE TAX

MEDICAL EXP

MEDICAL EXP
NET SALARY
EPF 12% OF

TAXABLE
PAID

PAID

0 0
1200 500 37750 0
1200 38250 0
1200 38250 0
1200 32800 0
1200 32800 0
0 0
1200 65800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 32800 0
1200 35800 0
14400 500 445450 0 0
14400 500 445450 0 0
0
COMPUTATION FOR FY 2009-2010 AMOUNT

1. BASIC SALARY 120000


15000
3. CONVEYANCE TAXABLE 48900
4. SPL ALLOWANCE 173850
5. BONUS & EXGRATIA & INCENTIVE 33000
6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 0
7. OTHER INCOME RECD. 590000
8. MEDICAL EXP REMIBURSE > 15000 0
TOTAL 980750
9.INCOME FROM HOUSE PROPERTY
Interest on Home Loan 0 0
GROSS TOTAL INCOME 980750
DEDUCTION U/S 80 C
Deduction allowed U/S 80 C 100000
Deduction allowed U/S 80 C for Infrastructue
bond limit Rs.20000/- 10000
DEDUCTION U/S 80 D
Deduction allowed U/S 80 d 5500
DEDUCTION U/S 80 G**
TOTAL DEDUCTIONS 115500
NET TOTAL INCOME 865250
TAX DUE ON RS. R/ OFF 865250
TAX PAYBLE 79575
ADD: EDUCATIONAL CESS 3% 2387
TOTAL TAX PAYBLE 81962
TDS DEDUCTED / ADVANCE TAX 500
BALANCE TAX PAYABLE 81462
AVERAGE MONTLY TDS 6830

ons subject to conditions. This


Fcategory
RETURN of ITSELF.
taxpayer.

SPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE
AN 80 YEARS

THE PART OF FIXED SALARY. IT IS THE AMOUNT


REIMBURSED AFTER SUBMITTING THE MEDICAL
A. Individual, Hindu undivided family, association of persons, body of individuals, artificial
juridical person
Paragraph A of Part-III of First Schedule to the Bill provides following rates of income-tax:-
(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii), (iii) and
(iv) below) or Hindu undivided family or every association of persons or body of individuals,
whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of
clause (31) of section 2 of the Income-tax Act (not being a case to which any other Paragraph of Part
III applies) are as under :—
Upto Rs. 1,80,000 Nil.
Rs. 1,80,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.

(ii) In the case of every individual, being a woman resident in India, and below the age of sixty years
at any time during the previous year,—
Upto Rs. 1,90,000 Nil.
Rs. 1,90,001 to Rs. 5,00,000 10 per cent.
Rs.5,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.

(iii) In the case of every individual, being a resident in India, who is of the age of sixty years or more
but less than eighty years at any time during the previous year,—
Upto Rs. 2,50,000 Nil.
Rs. 2,50,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs.8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.

(iv) in the case of every individual, being a resident in India, who is of the age of eighty years or more
at anytime during the previous year, -
Upto Rs. 5,00,000 Nil.
Rs. 50,00,001 to Rs. 8,00,000 20 per cent.
Above Rs. 8,00,000 30 per cent.

No surcharge will be levied in the cases of persons covered under paragraph-A of part-III of the First
Schedule.

You might also like