NOTE :

www.taxguru.in 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) DESIGNATION DEPTT. TOTAL GROSS SALARY EPF 12% OF BASIC SALARY TDS DEDUCTED/ ADVANCE TAX PAID MEDICAL EXP REMIBUSEME NT MEDICAL EXP TAXABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMOUNT 120000 15000 48900 173850 33000 0 5000 0 395750 0 395750 CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED PERQUISTIES & OTHER INCOME ARREAR OF SALARY/ LEAVE BONUS/GIFT/ INCENTIVE ETC. HRA RENT PAID HRA RECD FROM COMPANY BASIC SALARY NET SALARY PAID 0 37750 38250 38250 32800 32800 0 65800 32800 32800 32800 32800 32800 35800 445450 445450

NAME : SEX :

MALE

PREVIOUS EMPLOYER SALARY APRIL'2011 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2012 FEB. Mar-12 TOTAL ANNUAL TOT WORKING:-

MONTH

10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 120000 120000

6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 9000 75000 75000

7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000 90000 AMOUNT 58500 9600 48900 75000 60000

4500 4500 4500 5000 5000 5000 5000 5000 5000 5000 5000 5000 58500 58500

0 800 800 800 800 800 800 800 800 800 800 800 800 9600 9600

18950 18950 18950 13000 13000 13000 13000 13000 13000 13000 13000 13000 173850 173850 33000

0 0

33000 33000

0 39450 1200 39450 1200 39450 1200 34000 1200 34000 1200 0 0 67000 1200 34000 1200 34000 1200 34000 1200 34000 1200 34000 1200 37000 1200 460350 14400 460350 14400

500

45000 13000

500 500

0 0 0

COMPUTATION FOR FY 2011- 2012

CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 90000

BASIC TOT BAS SAL%10 HRA EXEMPT

120000 12000

78000 60000 15000

TAXABLE HOUSE RENT

DEDUCTION U/S 80 C PROVIDENT FUND 14400 LIC PAID 75655 NSC PURCHASED 10000 TUTION FEES PPF DEPOSIT OTHERS 20000 REPAYMENT OF HLA TOTAL 120055 MAXI.LIMIT Deduction U/S 80 C 100000 DEDUCTION U/S 80 D - MEDICLAIM INSURANCE MEDICLAIM INSURANCE PAID 5500 DEDUCTION U/S 80 G ***

1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXABLE 4. SPL ALLOWANCE 5. BONUS & EXGRATIA & INCENTIVE 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 TOTAL 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 GROSS TOTAL INCOME 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 NET TOTAL INCOME TAX DUE ON RS. R/ OFF 280250 TAX PAYBLE ADD: EDUCATIONAL CESS 3% TOTAL TAX PAYBLE TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

115500 280250 10025 301 10326 500 9826 860

120250

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

180000 2

www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN FILL ONLY BLANK COLUMN

INCOME TAX CALCU

CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03/12 NAME : SEX : DESIGNATION DEPTT. BONUS/GIFT/ INCENTIVE ETC. PERQUISTIES & OTHER INCOME TOTAL GROSS SALARY 0 39450 39450 39450 34000 34000 0 67000 34000 34000 34000 34000 34000 37000 460350 460350 COMPUTATION FOR FY CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED HRA RENT PAID HRA RECD FROM COMPANY ARREAR OF SALARY/ LEAVE SALARY ( IF 0 0

FEMALE BASIC SALARY

PREVIOUS EMPLOYER SALARY APRIL'2010 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2011 FEB. MARCH TOTAL ANNUAL TOT WORKING:CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 90000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 120000 120000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 9000 75000 75000 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000 90000 AMOUNT 58500 9600 48900 75000 60000 4500 4500 4500 5000 5000 5000 5000 5000 5000 5000 5000 5000 58500 58500

MONTH

0 800 800 800 800 800 800 800 800 800 800 800 800 9600 9600

18950 18950 18950 13000 13000 13000 13000 13000 13000 13000 13000 13000 173850 173850 33000

33000 33000

1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXAB

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & 6. ARREAR OF SALARY/ 7. OTHER INCOME RECD 8. MEDICAL EXP REMIBU

BASIC TOT BAS SAL%10 HRA EXEMPT

120000 12000

78000 60000

9.INCOME FROM HOUSE

GROSS TOTAL INCOME

TAXABLE HOUSE RENT

15000

DEDUCTION U/S 80 C

DEDUCTION U/S 80 C
PROVIDENT FUND LIC PAID NSC PURCHASED TUTION FEES PPF DEPOSIT OTHERS REPAYMENT OF HLA TOTAL
MAXI.LIMIT Deduction U/S 80 C

Deduction allowed U/S 80 C Deduction allowed U/S 80 C fo Infrastructue bond limit Rs.20

14400 75655 10000

DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

NET TOTAL INCOME

100055 100000 5500

ADD: EDUCATIONAL CESS TOTAL TAX PAYBLE

DEDUCTION U/S 80 D - MEDICLAIM INSURANCE

TDS DEDUCTED / ADVAN

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 EMPLOY

INCOME TAX CALCULATOR FOR FEMALE

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

EPF 12% OF BASIC SALARY

MEDICAL EXP REMIBUSEMEN T

TDS DEDUCTED/ ADVANCE TAX PAID

1200 1200 1200 1200 1200 0 1200 1200 1200 1200 1200 1200 1200 14400 14400

500

0 37750 38250 38250 32800 32800 0 65800 32800 32800 32800 32800 32800 35800 445450 445450 0 0 0

MEDICAL EXP TAXABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMOUNT 120000 15000 48900 173850 33000 0 600000 0 990750 0 990750

NET SALARY PAID

45000 13000

180000 2

500 500

COMPUTATION FOR FY 2011-2012 1. BASIC SALARY 3. CONVEYANCE TAXABLE

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & INCENTIVE 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 TOTAL 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 GROSS TOTAL INCOME

DEDUCTION U/S 80 C
Deduction allowed U/S 80 C Deduction allowed U/S 80 C for Infrastructue bond limit Rs.20000/DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

100000 20000 5500 125500 865250

NET TOTAL INCOME

675250 65250 19575

110575 3317 113892 500 113392 9491

TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

ons subject to conditions. c category of taxpayer. RM 16. YOU WILL RETURN ITSELF.

ECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE

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.

ed in (ii), (iii) and

Paragraph of Part

ge of sixty years

y years or more

hty years or more

art-III of the First