Month Basic DA Convey CCA HRA Bonus Medical LTA Other

INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11
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Month Basic DA Convey CCA HRA Bonus Medical LTA Other
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Sect Savings/Investment for Tax Benefits Personal Details

24 Interest paid on Housing Loan Name Enter Your Name Here
80G Donations - 50% exemption Age Sex Male
80G Donations - 100% exemption PAN No Your PAN Number here
80D Health Insurance Premium for Self,Spouse,Children City of Residence Non Metro
80D Hlth Ins For Parents(Yes if Sr. Citizens) No Avail HRA & Int on Housing Loan No
80E Interest paid on Education Loans
80U Permanent Disability Income from House Property
80DD Maintenance of Handicapped Dependant Income from House Property
80DDB Medical Treatment for Specified diseases Income from Other Sources
80C Employees Provident Fund Bank
80C LIC / Other Private Life Insurance Cos NSC
80C Unit Linked Policies/Pension Funds Post Office
80C Equity Linked Savings Schemes Kisan Vikas Patra
80C Repayment of Principal on Housing Loan Tax Saving Bonds
80C Education of Children / Tuition Fees for 2 children Other Investments
80C National Savings Certificate Any other Income
80C Public Provident Fund Receipts to be submitted Annual
80C Tax Saving Bonds Rent Receipts Submitted
80C Bank Fixed Deposit (Tenure of 5 yrs and above) Medical Bills Submitted
80CCF Long Term Infrastructure bonds LTA Submitted
I frequently get questions on the issues mentioned below. I hope to clarify these in the worksheet itself.
1) The Tax Calculation sheets are password protected. All the values have to be entered only in the Income Details sheet.
2) Enter in the Personal Details Column, your Age and Sex. Tax Slabs for Men/Women/Sr. Citizens are decided based on this infor
3) Name, PAN are necessary only if you wish to include the details in the printout.
4) For considering HRA, LTA and Medical Benefits, it is necessary to enter Annual values of the Receipts submitted.
5) Following changes have been made: a) option to avail both HRA & Interest on Housing Loan, b) Health Insurance Premium & c
6) I thank everyone who downloaded this sheet and emailed their appreciation and suggestions. Their support has helped me to
7) Suggestions and Criticisms are always welcome.
ANCIAL YEAR 2010-11
<--------------------Deductions------------------->
Total PF Prof Tax TDS Lossof Pay Net Salary
View the Impact on Tax Payable Immediately
Net Tax Payable

TDS from Salary
TDS apart from salary
Balance Amount Refundable
Note:Enter values in cells colored

You will not be able to change the values in the other cells
The Tax Calculator is free to use and distribute.
Last Revision Date: July 14, 2010
Spreadsheet created by N. Rakesh, Viji, Sanju, Naren
Email:nrakesh@in.com
For overall view, Click below

1) Eye Candy 2) Plain (Printer Friendly)
e Income Details sheet.

are decided based on this information.
ceipts submitted.
Health Insurance Premium & c) Calculation of Donations
heir support has helped me to continue the tax calculator for FY 10-11.
Tax for the Assessment Year 2011-12
Name: Enter Your Name Here PAN Number: Your PAN Number here
Gross Salary (after Loss of Pay)
Less Exempted Allowances
House Rent Allowance for: Non Metro
Actual HRA
Excess of Rent paid over 10% of Salary 0
40% of salary
Least of these [Section 10(13A)]
Conveyance Allowance [Section 10(14)]
Medical Reimbursement [Section 17(2)]
Professional Tax
Leave Travel Allowance [Section 10(5)]
Income under the Head Salaries
Income from Other Sources
Income from House Property
Less Housing Loan Interest [Section 24]
Gross Total Income
Less: 80C deductions (Exempted up to Rs 100,000) & 80CCF (up to Rs.20,000)
Employees Provident Fund
LIC / Other Private Life Insurance Cos
Unit Linked Policies/Pension Funds
Equity Linked Savings Schemes
Repayment of Principal on Housing Loan
Education of Children / Tuition Fees for 2 children
National Savings Certificate
Public Provident Fund
Tax Saving Bonds
Bank Fixed Deposit (Tenure of 5 yrs and above)
Long Term Infrastructure bonds [Section 80CCF]
Income after deduction of 80C & 80CCF
Less - Deductions under Chapter VI A Actuals Allowed
Donations - 50% exemption [Section 80G]
Donations - 100% exemption [80G]
Health Insurance Premium for Self,Spouse,Children [80D]
Health Insurance Premium for Parents [80D]
Interest paid on Education Loans [80E]
Rent deduction (available when HRA is not received) [80GG]
Permanent Disability [80U]
Maintenance of Handicapped Dependant [80DD]
Medical Treatment for Specified diseases [80DDB]
Available Exemptions
Total Taxable Income
Tax Slab - For Men below 65 years of age
160000 Up to Rs 160,000 Nil
FALSE Rs 1.6 - 5 lakhs 10%
FALSE Rs 5 - 8 lakhs 20%
FALSE Above Rs 8 lakhs 30%
Total Tax Payable
Add:Educational Cess 3%
Net Tax Payable
Tax for the Assessment Year 2011-12
Name: Enter Your Name Here PAN Number: Your PAN Number here
Gross Salary (after Loss of Pay)
Less Exempted Allowances
House Rent Allowance for: Non Metro
Actual HRA
Excess of Rent paid over 10% of Salary 0
40% of salary
Least of these [Section 10(13A)]
Conveyance Allowance [Section 10(14)]
Medical Reimbursement [Section 17(2)]
Professional Tax
Leave Travel Allowance [Section 10(5)]
Income under the Head Salaries
Income from Other Sources
Income from House Property
Less Housing Loan Interest [Section 24]
Gross Total Income
Less: 80C deductions (Exempted up to Rs 100,000) & 80CCF (up to Rs.20,000)
Employees Provident Fund
LIC / Other Private Life Insurance Cos
Unit Linked Policies/Pension Funds
Equity Linked Savings Schemes
Repayment of Principal on Housing Loan
Education of Children / Tuition Fees for 2 children
National Savings Certificate
Public Provident Fund
Tax Saving Bonds
Bank Fixed Deposit (Tenure of 5 yrs and above)
Long Term Infrastructure bonds [Section 80CCF]
Income after deduction of 80C & 80CCF
Less - Deductions under Chapter VI A Actuals Allowed
Donations - 50% exemption [Section 80G]
Donations - 100% exemption [80G]
Health Insurance Premium for Self,Spouse,Children [80D]
Health Insurance Premium for Parents [80D]
Interest paid on Education Loans [80E]
Rent deduction (available when HRA is not received) [80GG]
Permanent Disability [80U]
Maintenance of Handicapped Dependant [80DD]
Medical Treatment for Specified diseases [80DDB]
Available Exemptions
Total Taxable Income
Tax Slab - For Men below 65 years of age
160000 Up to Rs 160,000 Nil
FALSE Rs 1.6 - 5 lakhs 10%
FALSE Rs 5 - 8 lakhs 20%
FALSE Above Rs 8 lakhs 30%
Total Tax Payable
Add:Educational Cess 3%
Net Tax Payable

Month Basic DA Convey CCA HRA Bonus Medical LTA Other

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INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11

Sect Savings/Investment for Tax Benefits Personal Details

View the Impact on Tax Payable Immediately

Net Tax Payable

Note:Enter values in cells colored

For overall view, Click below

e Income Details sheet.

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