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Income Tax Calculator F.Y. 2010-11
Gender Place of Residence Age Number of children
Salary Breakup

Male Metro City

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0
April 12,400 2,000 4,600 May 12,400 2,000 4,600 June 12,400 2,000 4,600 July 12,400 2,000 4,600 August 12,400 2,000 4,600 September 12,400 2,000 4,600 October 12,400 2,000 4,600 November 12,400 2,000 4,600 December 12,400 2,000 4,600 January 12,400 2,000 4,600 February 12,400 2,000 4,600 March 12,400 2,000 4,600 Total 148,800 24,000 55,200 50,000 4,000 850 282,850

Basic Salary House Rent Allowance (HRA) Dearness allowance (DA) Transport/Conveyence Allowance Child Education Allowance Grade/Special/Management/Supplemementary Allowance Arrears Gratuity Leave Travel Allowance (LTA) Leave Encashment Performance Incentive/Bonus Medical Reimbursement Food Coupons Periodical Journals Telephone Reimbursements Car Reimbursement Internet Expense Driver Salary Gifts From Non-Relatives Gifts From Relatives House Rent Income (income from house property) Other income (Bank account/NSC/Post Office/SCSS Interest)
TOTAL INCOME

50,000 4,000

850

73,850

19,000

19,000

19,000

19,000

19,000

19,000

19,000

19,000

19,000

19,000

19,000

Exemptions Actual Rent paid as per rent receipts Availing both HRA and Home loan exemption

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

24,000

HRA Exemption

760

760

760

760

760

760

760

760

760

760

760

760 9,120

Non-Taxable Allowances Investment/Bills Details Child Education Allowance 4,000 Medical Reimbursement receipts submitted 9,600 Transport/Conv. Allowance LTA receipt submitted Food Coupons Periodical Journals 850 Telephone Reimbursement receipts submitted Car Expenses Reimbursement receipts submitted Internet expense receipts submitted Driver Salary receipts submitted Other Reimbursement receipts submitted Balance Salary Professional Tax Net Taxable Salary House and Loan Status On loan and Self Occupied Home Loan Interest Component Any other Income Gross Total Income Deductions under chapter VIA Life Insurance Premium payment Employee's contribution to PF PPF (Public Provident Fund) Equity Tax saver Mutual Funds - ELSS National Savings Certificate (NSC) deposit National Service Scheme (NSS) deposit Senior Citizen Savings Scheme (SCSS) deposit Post Office/Tax saving Bonds investments New pension scheme (NPS) Deposit 80CCD Children Tution Fees paid Housing Loan Principal repayment Tax saving Fixed Deposit for 5 yrs. or more Other Eligible Investments Total of Section 80C Pension Fund (80 CCC) Total Deduction under Sec. 80C & 80CCC 80D (Medical insurance premium for Self and/or Family) 80D (Medical insurance premium for Parents) 80DD (Maintainence of depandant disabled) 80DDB (Medical treatment for specific diseases) 80E (Interest paid on Higher Education Loan) 80U (Handicapped person/Perm. Disability) Donations - 80G (100 % deductions) Donations - 80G (50 % deductions) Long Term Infra. Bonds (Section 80CCF) Total Income Total Income rounded off Income Tax on Total Income Education Cess @ 3% Income tax including education cess TDS (Tax deducted at source) Pending Tax Payable Monthly Deductions from salary TDS (Tax deducted at source) Professional Tax Employee's PF Contribution Deduction for company provided transport Deduction towards State Labour welfare Fund (LWF) Deduction towards company provided Group Term insurance Deduction towards Leave availed Deduction towards company provided medical insurance Employer's PF Contribution In Hand Salary In Hand Salary without reimbursments April May June July August September October November December January February March

4,000 9,600 850 259,280 259,280 259,280

17,856 17,856

17,856

17,856

With Severe Disability Parents above 60 years With Severe Disability Patient Below 65 years

241,424 241,420 8,142

244 8,386 8,386

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488

1,488 72,362 67,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

1,488 17,512 17,512

17,856 17,856

Total Income in this year

300,706

ADVANCE TAX SCHEDULE Total Tax as per Consolidation Sheet: PARTICULARS Payable upto 15th June, 2010 Payable upto 15th September, 2010 Payable upto 15th December, 2010 Payable upto 15th March, 2011 % 15% 30% 60% 100% 8,386 Payable 1,258 2,516 5,032 8,386 Paid Difference 1,258 2,516 5,032 8,386

Savings for Tax

PPF Investments Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Total Long Term infra bonds investment Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Total Post Office/Tax saving Bonds investments Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Total Pension Fund (80 CCC) investments Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Total GROSS TOTAL -

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