Income Tax Calculator

(Incorporating Indian IT Act 1962)

Click here for instructions
Developed for Multimedia Centre Sree Neelakanta Govt. Sanskrit College, Pattambi
by : vk.muralidharan vk.muraleedharan@gmail.com

INCOME TAX CALCULATOR

Please read carefully the instructions given below before entering the data in the 'Form'
1 Enter the data only in the 'Form' . 2 Do not try to enter any data directly in the 'Statement' . 3 Changes in the data should be done only in the 'Form' . 4 Do not try to make the data change in the 'Statement' 5 Columns which are not applicable to you should be filled with ' 0 ' . 6 Column '3' & '6' are very important. Do not leave these columns empty. It is not necessary to give Salary, DA, HRA, Other allowances seperately. You can give the sum of all these items as a single 7 item in column '10' directly. But those who reside in a rented house and eligible for the deduction of HRA should show all the above items seperately as per the columns in the 'Form'. I do not claim that this calculator is perfect in all respect and free from minute problems. But this is my sincere attempt by integrating all aspects regarding the tax calculation of a salaried employee. If you face any problem please do not hesitate to contact me.

v.k.muralidharan (ph : 9447476854)

CLICK HERE TO USE THE CALCULATOR

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Form

FORMAT FOR THE PREPARATION OF INCOME TAX CALCULATION STATEMENT FOR 2012-13 I General Information :
Name 2 Are you a Gazetted Officer ? 3 Sex 4 Designation
1 5 6 7 8 9

Office / Department Are you residing in rented house ? (a) PAN : Name & Address of Employer Circle of filing Income Tax Return (b) TAN :

II Salary & Other Particulars :

10 Total Salary during the year (Basic Pay+DA) 11 HRA 12 Bonus/Festival Allowance received 13 Arrear DA Received 14 Arrear Salary Received 15 Surrender Leave Salary Received 16 Other Allowances (CCA/PG/Risk/Uniform etc.)

0 0 0 0 0 0 0

Total III Recoveries & Other Payments :

17 18 19 20 21 22 23 24 25
No : GPF Contribution SLI Premium GIS Premium LIC Premium (Salary deduction) LIC Premium (Direct Payment) FBS Income Tax deducted from Salary Bill Arrear DA Merged to PF Profession Tax Paid

0
0 0 0 0 0 0 0 0 0 0 0 0 0 0

26 Actual Rent Paid (if residing in rented house) 27 Interest on Housing Loan
If availed before 31/3/99 If availed after 31/3/99 No :

28 Public PF 29 NSC

30 Mutual funds 31 Eductional expenses of children (for 2 children) 32 Equity shares & debentures 33 Repayment of Housing loan Investment in Long term Infrastructure Bond of IDBI, ICICI etc. 34
(For claiming addition deduction of up to Rs. 20000)

0 0 0 0 0 0
0 0

35 Any other deductions 36 Pension Fund (LIC/UTI etc.) 37 Contribution to Pension scheme of Central Govt. Employees

IV Other Deductions :
38
Medical Insurance Premium u/s 80 D : (Max. Rs. 15000/- or 20000/- as the case may be) Maintenance and Medical treatment of Handicapped

0 0 0 0 0 0 0 0

39 Dependent u/s 80 DD :
(Max. Rs. 50000/- or 100000/- as the case may be) Medical treatment for certain specified disease or ailment u/s 80 DDB : (Maximum of Rs. 40000/40 and Rs. 60000/- as the case may be)

41 Repayment of Interest on loan taken for higher education u/s 80 E : 42 Contribution toPolitical Parties u/s 80GGC 43 44
Donation to certain funds, charitable institutions etc. : (100% in the case of Special Funds & 50%in other cases) Deduction inrespect of persons with disability : (Rs. 50000/- or Rs. 100000/- as the case may be)

45 Relief u/s 89(1) Place :

Pattambi

Date: 25.12.2013

SUBMIT
30000

100000

30000

NCOME TAX 2012-13

Title Page

Instructions Tax Statement Form 16

0 0 0 0 0 0 0

0
0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0
0 0

0 0 0 0 0 0 0 0 25.12.2013

INCOME TAX CALCULATION STATEMENT FOR THE YEAR 2012-13

Name : 0 Office/Institution/Department : Whether Gazetted : 0 0 Sex : 0 Designation :0 0 PAN : TAN : Total Salary Income (Pay+DA+HRA+Other allowances except 1 PTA/PCA and inclusive of Surrender Leave Salary, Bonus/Spl.
Festival allowances and Arrears of DA/pay and other allowances)

2 Deduct : HRA-Least of the following if residing in rented house :

(i) Actual HRA received (ii) Rent paid in excess of 10% of salary(Pay + DA)) (iii) 40% of salary

. . .

3 Balance Gross Income (1 - 2) 4 Less Profession Tax u/s 16(iii) 5 Deduct : Interest on Housing Loan (Maximum Rs. 30000/- or
Rs. 150000/- as the case may be)

0 0 0 0 0 0

6 Gross Total Income 7 Deduction as per Chapter VI A U/s (a) 80 C :

i) Public Provident Fund : No. No. ii) General Provident Fund : iii) Arrear DA merged to GPF iv) Group Insurance Scheme v) FBS vi) State Life Insurance vii) LIC Premia (salary deduction) Pol. Nos: viii) LIC Direct Premia- Pol. Nos. ix) NSC x) Mutual funds xi) Repayment of Housing Loan xii) Educational expenses of children xiii) Certain equity shares and debentures xiv) Any other item (specify)

Total Deductions u/s 80C

(b) 80CCC (c) 80CCD (d) 80CCE (e) 80CCF Pension fund (Annuity plan of LIC or any other insurer) Contribution to pension scheme of Central Govt.employees entering the service on or after Jan.2001 The aggregate amount of deductions u/s 80C, 80CCC,80CCD shall not, in any case exceed One Lakh Rupees Investment in Long Term Infrastructural Bonds notified by the Central Govt. (Additional deduction upto Rs. 20000) Aggregate Deduction u/s 80CCE + 80CCF (Limited to maximum of Rs. 100000 / 120000 as the case may

.. .. .. .. .. .. .. .. .. .. .. .. .. . 0 0 0 0 0 0 0 0 0

(e) 80D (f) 80DD (g) 80DDB (h) 80E (i) 80G (j) 80GGC (k) 80U

Medical Insurance Premium (Max. Rs. 15000/- )

.. .. .. .. .. .. .. 0 0 0

Maintenance and Medical treatment of Handicapped Dependent (Max. Rs. 50000/- or 100000/- as the case may be) Medical treatment for certain specified disease or ailment (Maximum of Rs. 40000/- and Rs. 60000/- as the case may be) Repayment of interest on loan taken for higher education Donation to certain funds, charitable institutions etc.: Contribution to Political Parties : Deduction inrespect of persons with disability : (Rs. 50000/- or Rs. 100000/-

8 9
Upto Rs. 200000/200001 to 500000/500001/- to 1000000/Above Rs. 1000000/-

Total Net Taxable Income (Rounded to nearest ten) Income Tax on Total Income :
: Nil

: 10% of total income exceeding Rs. 200000/: 20% of total income exceeding Rs. 500000/: 30% of total income exceeding Rs. 1000000/-

10 11 12 13 14 15

Total Add Educational Cess (3% of tax ) Total Tax Less Relief u/s 89(i) Balance Tax Less Tax deducted from the salary bill Tax Payable

0 0 0 0

0 0 0 .. 0 0 0

Place :Pattambi Date:25.12.2013

Signature of the Head of Office in case of NGO Signature of the Officer in the case of Gazetted Officer.

< BACK TO FORM FORM NO 16 >

FORM 16
[See Rule 31(1)(a)]

CERTIFICATE UNDER SECTION 203 OF THE INCOME TAX, 1961 FOR TAX DEDUCTED AT SOURCE FROM INCOME CHARGEABLE UNDER THE HEAD "SALARIES"
Name and address of the Employer : Name and Designation of the Employee :

0 0
PAN : TDS Circle where Annual Return / Statement under section 206 is to be filed

0 0 0 0
0
TAN : Period From 01/04/12 To 31/03/13

0
Assessment Year

0
1 2 3 4

2013-2014 0 0

DETAILS OF SALARY PAID AND ANY OTHER INCOME TAX DEDUCTED

Gross Salary Less Allowance to the extent under section 10 Net Salary Income (1-2) Add : Any other income reported by the employee (a) Agriculture Income (b) Income from house property (c) Other specify Total Total Income (3-4) Deductions : (Under section 16) (a) Tax on employment (b) Entertainment allowance Total 6 (a+b) Under section 24 Interest on HBA Gross Total Income Under section 80 - C a) LIC ( i) Salary Deduction (ii) Direct Payment b) GPF Contribution c) PPF Contribution d) Arrear DA e) SLI d) GIS g) FBS h) HBA i) Tution Fee paid (Limited to 2 Children) j) Equity Shares/Debentures k) NSC VIII Issue l) Mutual Fund m) others Total

5 6

0 0 0 0 0 .. .. .. .. .. .. .. .. .. .. .. .. .. . 0

7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Under section 80 - CCC Under section 80 - CCD Under section 80 - CCF

Total amount of deduction (item 8 to 12) Limited to 100000/120000

Under section 80 - D Under section 80 - DD Under section 80 - DDB Under section 80 - E Under section 80 - G Under section 80 - U Under section 80 - GGC Total of item 12-17 Total deduction admissible (13+21)
Taxable Income (8-22) (Rounded to nearest ten rupee)

0 0 0 0 .. .. .. .. .. .. .. 0 0

0 0 0 0 0 .. 0 0 Nil

Income taxpayable Educational Cess @ 3% Total Tax Payable (24+25) Less Relief u/s 89(i) Balance Tax Tax already paid / deducted Balance Tax to be paid / refunded DETAILS OF TAX DEDUCTED AT DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT Amount Date of Payment

Name of Bank & Branch where tax Deposited

0
I ..............................................................................................Son of ............................................................................... working in the capacityy of .................................................................................................(Designation) do hereby certifying that a sum of Rs......................................(Rupees..................................................................................... .........................................(in words) has been deducted at source and paid to the credit of the Central Government. I further certify that the information given above is true and correct based on the book of accounts, documents and other available records. Signature of the person responsible for deduction of tax Name...................................................................... Designation ...........................................................

Place : Date :

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Statement Form