COMPUTATION SHEET OF INCOME TAX

for the Financial Yr 2012-13, Assessment yr 2013-14

NAME : ADDRESS :

D.O.B ASSESSE
PAN
PHONE : Email id-

00/00/000

MALE

1. Gross Annual Income/Salary 2. Less: Allowances exempt u/s 10 3. Income under the head salaries 4. Add: Any other income from other sources 1. Interest received from following Investments a. Bank/Post Office (Saving A/C ) b. Bank FD/REC c. N.S.C. (accrued/ Recd ) c. Post Office M.I.S (6 yrs.) d. Post Office Recurring Deposit (5 yrs.) e. Term Deposit (1 to 5 yrs.) f. Saving Bonds (6yrs.) 2. Any Other Income 3. Any Other Income 5. Income from house property 6. Gross Total Income 7. Less: Deduction under chapter VI A a1. Less: Deduction under Sec 80CCE
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. PF & VPF Contribution Life Insurance/ ULIP premiums PPF a/c Contribution N.S.C (Investment +accrued Int first five year) Housing. Loan Principal Repayment/ Regn / Stamp Duty Tuition fees for 2 children E.L.S.S ( Mutual Fund ) FD (5 Years and above) Senior Citizen Saving Scheme 80CCC - Pension Plan 80CCD - New Pension Sheme ( Employee/ Self Employed Contribution) 80CCF -Tax Savings Infrastructure Bonds

0 0 0 0 0 0 0 0 0 0 0 0 0 #VALUE! #VALUE! #VALUE! 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ####### 0 0

a2. 80CCD - New Pension Sheme ( Employer Contribution) a3. 80CCG - Rajiv Gandhi Equity Scheme b 1. 80 D - Medical Insurance premiums (for Self ) b 2. 80 D - Medical Insurance premiums (for Parents) c. 80 E - Int Paid on Education Loan d. 80G Donation to approved fund e. 80TTE- Interest received in Saving Account f. Any other Deduction U/S 80 A-U

8. 9. 10. 11. 12. 13. 14.

0 0 0 0 0 Total Income Trial Version Expired Total Taxable Income (Round off to nearest 10 rupees) Trial Version Expired Tax on Total Income #VALUE! Add; Edn Cess @ 3% Trial Version Expired Total Tax Payable This was a Trial Version for personal use,Valid upto 15/08/2013 Tax Deduction at Source If require original Version, Kindly subscribe Balance Tax For subscribe kindly see the request Payable

Income Tax Calculator

by B.P.Choudhary (Tax Consultant)

1 2 3 4 5 . 6 7 8 I II III IV V VI VII VIII IX X XI XII XIII XIV 9 a b c d e f g h i j k l m

n 10

(I) (II)

(III)

(IV)

8. MINI I II III IV V(a)

(b) VI

VII

VIII

IX

X XI

XII XIII XIV

XV 9

a b

d e

f g h

INFORMATION and RULES for(Rates,Deductions,Exemption etc.) with brief detail of every rule ( Like a Mini Ready Reconer) Latest Version 7.1 for the Financial year payable. If you find any This Tax Calculator will help you to calculate the estimated tax 2012- 13, inconsistency, correction or 2013-14 the ASSESSMENT YEAR amendments, please let me know, I will try to fix it at .

Income Tax Calculator

by B.P.Choudhary (Tax Consultant)

earliest Please send a detailed e-mail at bpchoudhary@gmail.com REGARD - B.P.CHOUDHARY, 1577 SECTOR - 5, R.K.PURAM, NEW DELHI-110022 Ph : 9811302497, 9211125587 This Calculator is Very Simple & Easy to be use by a common Individual to compute the Tax for Salaried/Business or P
Easy to understand with all latest rules & regulation and similar as form 16. You can Calculate your Income Tax in Calculation Sheet & print the Working Sheet. Once you enter the amount in the white blank cells. Other cells in Calculation & Computation Sheets will Follow theTax Rules & Informations (where applicable). Following linked ready reaconer is for your reference. Tax Rates for Financial-Year 2012-13, Assessment Year 2013-2014 Some Exempted Receipts / Special allowances & Perquisite which are not chargable to tax Some Exempted Income ( to be shown while Return filing) T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N S for HRA exemption Transport allowance Reimbursement of Medical bills u/s(5) LTA is exempt u/s 24 Exemption for interest on housing loan. u/s 80CCE & 80CCD Maximum Exemption Rajiv Gandhi Equity Savings Scheme u/s 80D Medical Insurance u/s 80DD Deduction in respect of medical treatment of handicapped dependents u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases u/s 80E Interest repayment on education loan u/s 80G Donations given for certain charities u/s 80GG If you are not getting HRA, but living in rented house, u/s 80U If you have a permanent physical disability KNOW MORE about DEDUCTION under Section 80-C Qualifying Investments u/s 80CCE Provident Fund (PF) & Voluntary Provident Fund (VPF) Life Insurance Premiums & Unit linked Insurance Plan (ULIP) Public Provident Fund (PPF): National Savings Certificate (NSC): Home Loan Principal Repayment & Stamp Duty and Registration Charges for a home Tuition fees for 2 children Equity Linked Savings Scheme (ELSS) 5-Yr bank fixed deposits (FDs) or 5-Yr post office time deposit (POTD) Pension Funds or Pension Policies Stamp Duty and Registration Charges for a home: Infrastructure Bonds: NABARD rural bonds:

Senior Citizen Savings Scheme 2004 (SCSS) I M P O R T A N T - A D V I S ES As per finance bill 2011
Net Income Range Up to Rs.2,00,000 2,00,001 to Rs. 5,00,000 Rs5,00,001 to Rs. 10,00,000 More than Rs10.00,000 Net Income Range Up to Rs2,00,000 Rs200,001 to 5,00,000 Rs.5,00,001 to Rs.10,00,000 More than 10.00,000 Net Income Range Up to Rs2,50,000 Rs2,50,001 to 5,00,000 Rs5,00,001 to 10,00,000 More than 10.00,000 Net Income Range Up to Rs.5,00,000 Rs5,00,001 to 10,00,000 More than 10.00,000

- TAX RATES For Financial Year 2012-13 & Assesment Year 2013For MALE ASSESSE
Income Tax Rates NIL 10% of Total Income (-) Rs.2,00,000 Rs30,000+20% of Total Income(-)Rs. 5,00,000 Rs1,30,0,000+30% of Total Income(-)Rs10,00,000

For FEMALE ASSESSE

Income Tax Rates NIL 10% of Total Income(-) 2,00,000 Rs30,000+20% of Total Income (-) 5,00,000 Rs1,30,,000+30% of Total Income(-)10,00,000 Income Tax Rates NIL 10% of Total Income(-) Rs.2,50,000 Rs25,000+20% of Total Income(-)5,00,000 Rs1,25,000+30% of Total Income(-)10,00,000 Income Tax Rates NIL 20% of Total Income (-) Rs.10,00,000 Rs1,00,000+30% of Total Income(-)10,00,000

For SENIOR CITIZEN ASSESSE (Above 60 Year ) attaining the age during the year

For VERY SENIOR CITIZEN ASSESSE (Above 80 Year ) attaining the age during the year

Education Cess is 2% & Secondary and Higher education Cess is 1% of income tax from all Assesse.

Some Exempted Receipts / Special allowances & Perquisite which are not chargable to tax are
Exempted Receipts - 1. Medical Reimbursement (Max Rs15000/- Per annum) Special allowances Exempted u/s 10(14) 2. L.T.A (as per Rule)

1. Uniform Allowance (granted to meet the expenditure incurred on purchase or maintenance of uniform to be worn during performance of Official Duty) 2 Helper Allowance ( granted to meet exependiture incurred on helper for performance of official duty) 3. Academic Allowance (granted for encouraging academic, research & training pursuits) including Newspaper, Generals etc.) 4. Children Education Allowance ( Rs100 P.M. per Child / (Rs300 for Hostel Expenditure) Max of 2 Children) 5. Convayance allowance ( -16 Deduction available u/s granted to meet the expenditure incurred on convayance, while performing official duty.

1. Entertainment allowance (for Govt Employees) Max Rs5000/2. Professional tax - Professional tax paid by employee is deducted. If employee pays the professional tax on behalf of employee, It is first added in gross salary as taxable perquisite and thereafter deduction isvprovided Perquisite not chargable to tax
Free food and beverage ( 1. Food and non-alcoholic beverages provided in working hours in remote area or an offshore instalation are exempted to tax 2. Tea, coffee or non-alcoholic beverages and snaks in working hours are tax free perquisites. Some Exempted Income are ( to be shown while Return filing) 1. Withdrawal / Maturity received from PF,PPF,Insurance Co., Agriculture. (Max up to 5000/- ) 2 Long Term Capital Gain From Shares

3 Dividend on shares in companies 4. Interest on Saving Bank & Post Office A/c up to Rs10,000/Please Note : (i) Interest earned from all sources is to be included. All interest (including saving Bank A/C (above Rs10,000) (FD) income is fully taxable. (II) As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or concessional education facilities, employee stock option plan, free club membership, company provided credit card,L E S & O T H meal coupons, hotel stay beyond 15 days,for fully taxable. T A X R U gift vouchers, E R U S E F U L I N F O R M A T I O N S are HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA) Transport allowance is exempt up to 800/- per month during the month. ( Expenditure incured for covering journey between office and residence .) For people havingof Medical bills are exempt forthe exemption is 1,600/- per month Reimbursement permanent physical disability, self and dependent family, up to Rs.15,000/- per annum u/s(5) LTA is exempt to the tune of economy class Train/ Air /Recognised public Transport fare for the family to any destination in India, by the shortest route. LTA can be claimed twice in a block of 4 calendar years. The current block is from 01.01.2010 to 31.12.2013. Foron housing loan.(for Self occupied Residence). If the loan was taken before Apr claim, it is must to provide originals tickets etc. u/s 24 There is an Exemption for interest 1, 1999 exemption is limited to Rs30,000/- per year. If the loan was taken after Apr 1, 1999 exemption is limited toRs1,50,000/- per year if the house is self-occupied; There is no limit if the house is rented out This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of If you have rented out your house, enter the total income / loss from the house (after deducting property tax and standard maintenance expenses). u/s 80CCE- Maximum Exemption up to Rs.100000/- Investments up to Rs.1 lac in PF, VPF, PPF, Employee contribution in NPS,Insurance Premium, Housing loan principal repayment, NSC, ELSS, long term bank Fixed Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (for example) all 1 lac can be invested in NSC or PPF etc. u/s 80CCD -The Finance Act, 2011 provides that contribution made by the Central Government or any other employer to NPS (up to 10 per cent of the salary of the employee in the previous year)shall be excluded while computing the limit of Rs1,00,000.The contribution by the employee to the NPS will be subject to the limit of Rs1,00,000. u/s 80CCG - Rajiv Gandhi Equity Savings Scheme is a new exemption available for investment in stock markets (direct equity). Avaialble only for those with gross income less than 10 lacs and only for first time investors in stock market. Exemption available at 50% of investment subject to maximum of Rs.50,000/- invested. Investments are locked-in for three years u/s 80D Medical Insurance Premium (such as Mediclaim & Critical illness Cover)& Health Check up Upto Rs5000, premium is exempt up to Rs30,000/ per year (15,000/- for self,spouse and children ) (Rs15000/- for Parents. If the premium includes for a dependent who is (Senior Citizen) above 60 years of age, an extra Rs5,000//- can be claimed. u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to 75,000/- per year if the disability is less than 80% and Rs1,00,000/- per year if the disability is more than 80% u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed up to Rs40,000/- per year. If the person being treated is a senior citizen, the exemption can go up toRs60,000/-. but any amount received under Medical Insurance Policy will be reduced from the amount of deduction allowed. The Diseases and ailments specified under rule 11DD are. (1)neurological diseases being demetia, dystonia musculorum deformans, motor neuron disease, ataxia, chorea, hemiballismus, aphasia and parkisons disease, (2) cancer, (3) AIDS, (4)Chronic renal failure, (5) hemophilia, and (6) u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely tax exempt u/s 80G Donations given for certain charities are tax exempt. Some(NGO,Trust etc.) are exempt to the tune of 50%, whereas Govt funds not getting HRA, but living in rented house, an exemption is available. This will be calculated as u/s 80GG If you are are 100%. minimum of (25% of total income or rent paid - 10% of total income or Rs24,000/- per year) u/s 80U If you have a permanent physical disability (including blindness), you can take an exemption (subject to maximum of Rs75,000/- per year)

KNOW MORE about DEDUCTION under Section 80-C

Section 80C of the Income Tax Act allows certain investments and expenditure to be deduct from total
income. One must plan investments well and spread it out across the various instruments specified under this section to avail maximum tax benefit. There are no sub-limits and is irrespective of how much you earn and under which tax bracket you fall. Most of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in total. so that one can make best use of the options available for deduction under income tax Act. One important point to note that one can not only save tax by undertaking the specified investments, but some expenditure which you

Qualifying Investments u/s 80CCE are

Provident Fund (PF) & Voluntary Provident Fund (VPF) PF is automatically deducted from your salary. your contribution [12% of Basic] (i.e., employees contribution) is counted towards section 80C investments. You also Life Insurance Premiums: Any amount that youthrough voluntaryinsurance premium inCurrent rate of interest is have the option to contribute additional amounts pay towards life contributions (VPF). Life Insurance Corporation (LIC) or any other Insurance CO.for yourself, your spouse or your children can also be included in Section 80C deduction. If you are paying premium for more than one insurance policy, all the premiums will be included. also premium paid for ULIP will also be treated as Premium paid for Life Insurance Policies. Unit linked Insurance Plan : ULIP stands for Unit linked Saving Schemes. ULIPs cover Life insurance with benefits of equity investments.They have attracted the attention of investors and tax-savers not only because they help us save tax but they also perform well to give decent returns in the long-term. IMP : Total Amount Received at Maturity, Survival Benefits, , Withdrawl in Insurance Policies is Tax Free and fully Public Provident Fund (PPF): Among all the assured returns small saving schemes, Public Provident Fund (PPF) is one of the best. Current rate of interest is 8% tax-free and the normal maturity period is 15 years. Minimum amount of contribution is Rs500 and maximum is Rs1,00,000.(New Change) from 01/01/2011 National Savings Certificate (NSC): National Savings Certificate (NSC) is a 5-Yr small savings instrument eligible for section 80C tax benefit. Rate of interest is 8.58% compounded half-yearly, i.e. If you invest Rs.100, it becomes Rs.150.90 after five years. The interest accrued every year is liable to tax (i.e. to be included in your Home Loan Principal Repayment & Stamp Dutybe reinvested and thus eligible for sectionLoan deduction. taxable income) but the interest is also deemed to and Registration Charges for a home 80C The Equated Monthly Installment (EMI) that you pay every month to repay your home loan consists of two components Principal and Interest.The principal component of the EMI qualifies for deduction under Sec 80C. Even the interest component can save you significant income tax but that would be under Section 24 of the Income Tax Act. The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house. Tuition fees for 2 children Apart form the above major investments expenses for childrens education (Only Tution Fee (for which you need receipts)), can be claimed as deductions under Sec 80C. Equity Linked Savings Scheme (ELSS): There are some mutual fund (MF) schemes specially created for offering you tax savings, and these are called Equity Linked Savings Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under Sec 80C. 5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled for section 80C deduction. 5-Yr post office time deposit (POTD) scheme: POTDs are similar to bank fixed deposits. Although available for varying time duration like one year, two year, three year and five year, only 5-Yr post-office time deposit (POTD) which currently offers 7.5 per cent rate of interest qualifies for tax saving underPension80C. Effective rate works outThis section Sec 80CCC stipulates that an Pension Funds or section Policies Section 80CCC: to be 7.71% per annum (p.a.) as the rate of interest is investment in pension funds is eligible for deduction from your income. Section 80CCC investment limit is clubbed with the limit of Section 80C it means that the total deduction available for 80CCC and 80C is Rs 1 Lakh.This also means that your investment in pension funds upto Rs.1 Lakh can be claimed as deduction u/s Infrastructure Bonds: These are also popularly called Infrau/s 80C and 80CCC can not exceed Rs.1 Lakh. 80CCC. However, as mentioned earlier, the total deduction Bonds. These are issued by infrastructure companies, and not the government. The amount that you invest in these bonds can also be included in Sec 80C deductions. NABARD rural bonds: There are two types of Bonds issued by NABARD (National Bank for Agriculture and Rural Development): NABARD Rural Bonds and Bhavishya Nirman Bonds (BNB). Out of these two, only Senior Citizen Savings Scheme 2004 (SCSS): A recent addition to section 80C list, Senior Citizen Savings Scheme (SCSS) is the most lucrative scheme among all the small savings schemes but is meant only for senior citizens. Current rate of interest is 9% per annum payable quarterly. Please note that the interest is payable quarterly instead of compounded quarterly. Thus, unclaimed interest on these deposits wont earn any further interest. Interest income is chargeable to tax.
I M P O R T A N T - A D V I S ES

Mostly people gives estimated declaration at year starting to minimise their Tax Liabilities but could not save up to last and face heavy burden in last months. Many of us start looking for investment avenues only in February or March, just before the Financial Year is getting over. This is a big mistake! One, you would end up investing your money without putting proper thought to it. And secondly, you would end up losing the interest / appreciation for the whole year. Instead, decide where you want to make the investments, and start investing right from the beginning of the financial year from April. so it is advisable to save from start on monthly basis through Bank ECS as a SAP . This way, you would not only make informed decisions, but would also earn the interest for the full year from April to March.

Clarification regarding deduction in respect of contribution to New Pension Scheme

F.No. 275/192/2009-IT in , New of contribution 9th February, 2010. Sub: Clarification regarding deduction (B)respectDelhi Dated the to pension scheme under Section 80 CCD matter reg. A number of representations have been received regarding deduction under Section 80 CCD for contribution made under pension scheme in the light of Circular No-1 /2010 dated 11th Jan2010 issued on the subject of Deduction of Tax at Source etc. of Section 80 CCD, deduction in respect of It is clarified that in accordance with the provisions contribution made by an individual in the previous year to his account under a pension scheme notified, is allowed in computation of his total income (a) in the case of an employee, ten per cent of his salary in the previous year; and (b) It in any otherclarified that where the gross total income in the previous year.employer makes any 2. is further case, ten per cent of his Central Government or any other contribution to the account of employee for the pension scheme, the assessee shall also be allowed a deduction in the computation of his total income of the whole of the amount contributed by the Central Govt. or any other employer as does not exceed 10% of his salary in the previous year. 3. Salary for the purpose of above section (80 CCD) includes dearness allowance if the terms of employment so provide, but excludes all other allowances and perquisites. 4. It is further clarified that aggregate limit of deduction under this section (80 CCD) along with Sections 80 C, 80 CCC shall not in any case exceed Rs. one lakh. Yours faithfully, (Ansuman Pattnaik) Director (Budget) To, All DDOs of Central Government, State Governments, CAG & other persons as per standard list

The was introduced by the Union (NPS) The New Pension Scheme (NPS) New Pension Scheme Government in 2003. According to the new scheme, employees appointed on or after January 1, 2004 will contribute 10 per cent of their Pay and Dearness Allowance to the Pension Fund Regulatory and Development Authority under the Ministry of Finance. An equal amount will be contributed by the Centre. The scheme is mandatory for Government employees, but optional for other citizens of India. NPS merely declared that tax benefits The Finance Act, 2011 has inserted a new Section 36 (1)(iva) with effect from assessment year 201213 to provide that an assessee will get a deduction in respect of contribution towards a pension scheme referred in Section 80CCD of the Act on account of an employee up to 10 per cent of the salary of the employee in the previous year. For this purpose, 'Salary' means Basic+DA,
Imp -The term employee' will include all employees including Director-employees.
Sec- 80CCD -The Finance Act, 2011 provides that contribution made by Employer "the Central Government or any other employer" to NPS (up to 10 per cent of the salary of the employee )shall be excluded while computing the limit of Rs1,00,000. But the contribution by the employee to the NPS will be subject to the limit of Rs1,00,000.

Rajiv Gandhi Equity Savings scheme

Deduction under Section 80CCG
Finance Bill, 2012 A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments The scheme allows for income tax deduction of 50 per cent to new retail investors, who invest up to Rs 50,000 directly in equities and whose annual income is below Rs 10 lakhs. The scheme will have lock-in period of three

Newly inserted Section 80CCG provides deduction wef assessment year 2013-14 in respect of investment made under notified equity saving scheme. The deduction under this section is (a) The assessee is a resident individual (may be ordinarily resident or not ordinarily resident) (b) His gross total income does not exceed Rs. 10 lakhs; (c) He has acquired listed shares in accordance with a notified scheme; d) The assessee is a new retail investor as specified in the above notified scheme; (e) The investor is locked-in for a period of 3 years from the date of acquisition in accordance with the abo (f) Amount of deduction - The amount of deduction is at 50% of amount invested in equity shares. However, the amount of deduction under this provision cannot exceed Rs. 25,000. If

rdance with the above scheme;

Deduction u/s 80D for Mediclaim Premium available to Individual,

Deduction in respect of Medical Insurance Premium (Mediclaim / Critical illness) paid to keep in force insurance by individual either on his own your family Member should spouse, or meet with parents and your A Mediclaim policy is a must because you or health or on the health of fall sick dependent an accident, medical bills could wipe out your savings. So It is the only tool to protect. against heavy financial burden for treatment in hospitals For Inquire about MEDICLAIM POLICY from National Insurance - mail at - bpchoudhary@gmail.com

Informations about Mediclaim policy

1. Premium based on Age: 2. Who can take the Policy 3. Cover Age 4. How much Sum Insured can be taken ? 5. Deduction from Total Taxable Income 6. Partly contribution can be benefitted 7. Which Policies Premium is allowed? 8. What is the eligible amount of the deduction u/s 80 D ? 9. INDIVIDUAL MEDICLAIM POLICY from National Insurance Company Limited 10. what are the SALIENT FEATURES of Individual Mediclaim policy? 11. what are the PREMIUMS (as per sum insured & age group)? 12. Floater mediclaim Policy (PARIVAR) from National Insurance Company Limited 13. SALIENT FEATURES of PARIVAR (floater) Mediclaim policy? 14. PARIVAR Mediclaim policy Premium up to Age 35 Years 15 PARIVAR Mediclaim policy Premium for 36 to 45 years 16 PARIVAR Mediclaim policy Premium for 46 to 50 years 17. PARIVAR Mediclaim policy Premium for 51 to 55 years 18. PARIVAR Mediclaim policy Premium for 56 to 60 years 1. Premium based on Age: - The premium rates will vary among the insurers and will also depend on your age. The older you are, the higher the premium. For example, Mediclaim policy from General Insurance Corporation has a fixed premium till 35Policy:and then it changes inor non resident, Indian Citizen or foreign citizen):- In case an 2. Who can take the years - Individual (resident 10-year slabs. individual is taking the deduction, the medical insurance policy can be taken in the name of any of the following: the taxpayer or the spouse, parents or dependent children* of the taxpayer. Note - parents need not 3. Cover Age: on the Assessee,.parents of Individual or Spouse both are covered. years. However, the Policy can be dependent This insurance is available to a person between the age of 18 to 59 be renewed up to the age of 80 years. Children above the age of 3 months can be covered with the parents. male child can be covered up to the age of 25 years. Female child can be covered up to the time, she is unmarried. 4. Sum Insured: Minimum sum insured shall be Rs 50,000/- and can be increased in multiples of Rs 25,000/-up to RsDeduction from Total Income: - In addition to deduction u/s, 80C, This is an additional deduction available over 5. 5 lacs. 1,20,000.contribution: If part payment is done by you and part payment by the Spouse / parent, both can claim 6. Partly deduction to the extent of their contribution subject to maximum allowed but amount should be paid directly to insurance Policies Premium is allowed? : -other than by cash. paid under Medical insurance scheme of General 7. Which company and paid through mode Mediclaim premium Insurance's Company approved by the Central Government, or any other insurer approved by the Insurance Regulatory & Development Authority (IRDA). Or Critical illness Cover / Health Insurance by Life Insurance's Companies. eligible amount of the deduction? 8. What is the Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000.Premium paid for Parents Maximum deduction Rs 15,000. In case any of the persons is a senior citizen (i.e. 65 years or more as of end of the year) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.

NATIONAL INSURANCE COMPANY LTD.

1. INDIVIDUAL MEDICLAIM POLICY
Provides protection to individuals, families, employers, employees against heavy financial burden for treatment in hospitals for illness, disease accident, whether involving surgery or not. With Tax Saving other than saving of 80C (1, 20,000)

1. SALIENT FEATURES The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury sustained. Pre & Post hospitalization expenses incurred 30 days before & 60 days after hospitalisation are reimbursed. Photo identification card for cashless medical benefits over networked hospitals across the country or reimburse NO Medical Tests required up to 50 years. Family Discount - 10% in the total premium allowed when insured & any one or more member are covered. Cumulative Bonus: Sum insured shall be progressively increased by 5% in each claim free year up to 50%. Reimbursement of cost of medical checkup (up to 1% of the average Sum Insured). Tax Benefits - Under Sec 80D. Sum Insured Rs 50,000/- up to Rs 5 lacs. TPA option: The premium includes cashless facility through TPA. If the policyholder does not require Cashless facilit

SUM INSURED Rs. 50000 75000 100000 125000 150000 175000 200000 225000 250000 275000 300000 325000 350000 375000 400000 425000 450000 475000 500000

From From From From From From 0-25 26-35 36-45 46-55 56-65 66-70 71-75 YRS YRS YRS YRS YRS YRS YRS Rs. Rs. Rs. Rs. Rs. Rs. Rs. 541 710 956 1635 2158 2688 2881 785 1031 1386 2371 3125 3886 4162 1049 1377 1852 3161 4180 5196 5567 1292 1696 2282 3909 5173 6436 6945 1536 2016 2713 4656 6165 7677 8323 1755 2304 3101 5351 7094 8847 9633 1975 2592 3488 6045 8025 10019 10941 2170 2848 3832 6685 8893 11122 12182 2365 3104 4177 7326 9761 12224 13422 2560 3360 4521 7967 10629 13326 14662 2755 3616 4866 8608 11498 14429 15902 2926 3840 5168 9196 12303 15461 17074 3096 4064 5469 9782 13110 16496 18245 3267 4288 5771 10371 13915 17528 19417 3438 4512 6071 10957 14722 18563 20587 3608 4736 6373 11545 15527 19595 21760 3779 4960 6675 12132 16334 20630 22930 3950 5184 6977 12720 17140 21662 24102 4120 5408 7277 13307 17947 22687 25273 Service Tax 10.3% of the premium to be added (after family discount if applicable)

From 76-80 YRS Rs. 3555 5126 6890 8751 10611 12402 14193 15917 17638 19362 21083 22737 24391 26044 27698 29351 31005 32659 34312

NATIONAL INSURANCE COMPANY LTD.

2. PARIVAR ( FLOATER ) MEDICLAIM for FAMILIES
This is a Family Floater Health Insurance Policy, Entire family is covered under single Sum Insured. (Family means Self, Spouse & two dependant children up to an age of 25 years.) [Parents are not covered] The Policy covers reimbursement of Hospitalisation expenses for illness/diseases contracted or injury. In the event of any claim becoming admissible under the policy, the Company either pays to the Hospital/Nursing Home through TPA or directly to the insured if TPA service is not availed by the insured. 1. SALIENT policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury The FEATURES

Pre & Post hospitalization Medical expenses incurred 15 days before & 30 days after hospitalisation are also reimbursed. Photo identification card for cashless medical benefits over networked hospitals across the country or reimburse Age- Persons between the ages of 3 months to 60 years are eligible.

NO Medical Tests required up to 60years. Pre-Existing Diseases will be covered after 4 continuous Claim free year. Hospitalisation expenses of person donating organ during the course of Organ Transplant are also covere Tax Benefits - Under Sec 80D. Premium given by you will be fully deducted from Taxable Income. Sum Insured Rs 2Lacs to Rs 5 Lacs. In case any member of the family is suffering from hypertension or diabetes, will be covered after paying10% extra pre In case any member of the family is suffering from hypertension and diabetes, will be covered after paying 25% extra p

Premium Chart
Up to 35 years

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000
36 to 45 years

Self

Spouse 25% 617 739 861 968 1074 1181 1288

1st Child 20% 494 591 689 774 859 945 1030

2nd Child 20% 494 591 689 774 859 945 1030

2 Adults + 2 Kids 4074 4877 5683 6386 7089 7794 8499

2Adults + 1 Kid 3580 4286 4994 5612 6230 6849 7469

2469 2956 3444 3870 4297 4723 5151

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000
46 to 50 years

Self

Spouse 30% 805 964 1123 1262 1401 1541 1679

1st Child 20% 537 643 749 841 934 1027 1120

2nd Child 20% 537 643 749 841 934 1027 1120

2 Adults + 2 Kids 4561 5462 6363 7152 7939 8730 9517

2Adults + 1 Kid 4025 4820 5615 6311 7005 7703 8397

2683 3213 3743 4207 4670 5135 5598

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000
51 to 55 years

Self

Spouse 35% 1502 1820 2138 2430 2722 3013 3305

1st Child 20% 858 1040 1222 1388 1555 1722 1889

2nd Child 20% 858 1040 1222 1388 1555 1722 1889

2 Adults + 2 Kids 7508 9099 10690 12149 13608 15067 16526

2Adults + 1 Kid 6650 8060 9468 10760 12053 13345 14637

4290 5200 6108 6942 7776 8610 9444

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000

Self

Spouse 40% 1794 2174 2554 2903 3252 3600 3949

1st Child 20% 897 1087 1277 1452 1626 1800 1975

2nd Child 20% 897 1087 1277 1452 1626 1800 1975

2 Adults + 2 Kids 8073 9785 11495 13064 14633 16202 17771

2Adults + 1 Kid 7176 8698 10218 11612 13007 14402 15796

4485 5436 6386 7258 8129 9001 9873

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000
56 to 60 years

Self

Spouse 40% 1794 2174 2554 2903 3252 3600 3949

1st Child 20% 897 1087 1277 1452 1626 1800 1975

2nd Child 20% 897 1087 1277 1452 1626 1800 1975

2 Adults + 2 Kids 8073 9785 11495 13064 14633 16202 17771

2Adults + 1 Kid 7176 8698 10218 11612 13007 14402 15796

4485 5436 6386 7258 8129 9001 9873

Sum Insured (Rs.) 2,00,000 2,50,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00,000

Self

Spouse 40% 2051 2495 2938 3350 3762 4175 4586

1st Child 20% 1025 1247 1469 1675 1881 2087 2293

2nd Child 20% 1025 1247 1469 1675 1881 2087 2293

2 Adults + 2 Kids 9228 11226 13223 15076 16931 18785 20638

2Adults + 1 Kid 8203 9978 11754 13401 15049 16698 18345

5127 6236 7346 8375 9406 10436 11466

NOTE: - Service Tax 10.03% of the premium to be added

For Inquire about MEDICLAIM POLICY from National Insurance - contact me at - bpchoudhary@gmail.com ph: 9811

on are reimbursed. he country or reimbursement of Hospitalisation expenses.

er are covered. year up to 50%.

require Cashless facility then 6% discount on premium

From 76-80 YRS Rs. 3555 5126 6890 8751 10611 12402 14193 15917 17638 19362 21083 22737 24391 26044 27698 29351 31005 32659 34312

he country or reimbursement of Hospitalisation expenses.

are also covered

ter paying10% extra premium on the total premium. after paying 25% extra premium on the total premium.

Adults + 1 Kid 3580 4286 4994 5612 6230 6849 7469

Adults + 1 Kid 4025 4820 5615 6311 7005 7703 8397

Adults + 1 Kid 6650 8060 9468 10760 12053 13345 14637

Adults + 1 Kid 7176 8698 10218 11612 13007 14402 15796

Adults + 1 Kid 7176 8698 10218 11612 13007 14402 15796

Adults + 1 Kid 8203 9978 11754 13401 15049 16698 18345

y@gmail.com ph: 9811302497, 9211125587

by B.P.Choudhary (Tax Consultant)

Calculate your Tax in less than 5 Minutes
Latest Version 7.1 for Financial year 2012- 13 , Assessment year 2013-14 This calculator is a Trial Version for your Experiance. Original Version is Modified and with Form-16, also explanation of every rule. For Original Version. Kindly
subscribe with a nominal subscription of Rs. 500/- only also receive Updates version(if any) & Explained informations of every new rule. Send your subscription through cheque at following address 1577 SECTOR -5, R.K.PURAM, NEW DELHI-110022, Ph: 9811302497, 9211125587 or deposit in any of the following account through cheque /Cash

or Transfer through internet banking: NAME : BIJENDER PAL CHOUDHARY (1) A/c No - 911010068083973 AXIS Bank, Branch Green Park, IFSC Code UTIB0000015 (2) A/c No - 011104000089274 IDBI Bank, Branch K.G.Marg, IFSC Code IBKL0000011 (3)A/C N0 - 29280100009041 Bank of Baroda,Branch Munirka,IFSC Code BARBOMUNIRK (4) A/C NO-3075661065 Central Bank of India,Branch,Jantar Mantar,IFSC Code CBIN0283801
Guarantee - I assure you, With subscription of this meagre amount you will get a lot of Please send your payment details at bpchoudhary@gmail.com

Compatibility Report for Tax Calculator- Version 7(T) 2012-13.xls Run on 22/5/2012 21:53 The following features in this workbook are not supported by earlier versions of Excel. These features may be lost or degraded when opening this workbook in an earlier version of Excel or if you save this workbook in an earlier file format.

Significant loss of functionality One or more cells in this workbook contain data validation rules which refer to values on other worksheets. These data validation rules will not be saved.

# of occurrences 3

Tax Calculator2010-11 '!E66 Tax Calculator2010-11 '!F3:G3 Tax Calculator2010-11 '!E9

Minor loss of fidelity An embedded object in this worksheet is created in a newer version of Office. You cannot edit it in an earlier version of Excel. Some cells or styles in this workbook contain formatting that is not supported by the selected file format. These formats will be converted to the closest format available. 6

229

Version

Excel 97-2003

Excel 97-2003

Excel 97-2003