income tax caculator for salaried person for fy 2013 14

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MALE FEMLAE < 60 NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMNFILL ONLY BLANK COLUMNCOMPANY NAME : M/SCALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2013-14 (01/04/13 TO 31/03/14)INCOME TAX CALCULATOR FOR MALE / FEMALE AGE LESS THAN 60 YEARSNAME :DESIGNATIONSEX :MALEDEPTT.MONTHBASIC SALARYHRACONVEYANCE ALLOWANCE PAIDCONVEYANCE ALLOWANCE EXEMPTEDPERQUISTIES & OTHER INCOMEARREAR OF SALARY/ LEAVE SALARY ( IF ANY)BONUS/GIFT/ INCENTIVE ETC.TOTAL GROSS SALARYEPF 12% OF BASIC SALARYTDS DEDUCTED/ ADVANCE TAX PAIDNET SALARY PAID MEDICAL EXP REMIBUSEMENT
BKBANSAL: BKBANSAL:IT IS NOT THE PART OF FIXED SALARY. IT IS THE AMOUNT WHICH IS REIMBURSED AFTER SUBMITTING THE MEDICAL BILL MEDICAL EXP TAXABLEHRA RECD FROM COMPANYRENT PAID
ibm: ibm:FILL UP RENT PAID PER MONTH. IN case of Rent Exceeding Rs.15000, then Copy of PAN No. is compulsory required of owner of house.

PREVIOUS EMPLOYER SALARY 0000APRIL'20131621781098000486580011346405371946385910MAY1621781098000486580011346405371946385910JUNE1621781098000486580011346405371946385910JULY1621781098000486580011346405371946385910AUGUST1621781098000486580011346405371946385910ARREAR8000SEPT.1621781098000486580011346405371946385910OCT.162178109800048658001134630000705371946685910NOV.1621781098000486580011346405371946385910DEC.1621781098000486580011346405371946385910JAN.20141621781098000486580011346405371946385910FEB.1621781098000486580011346405371946385910Mar-141621781098000486580011346405371946385910TOTAL1946049730810400058380960013615203000051644423352049309200ANNUAL TOT19460497308104000583809600136152030000516444233520493092000WORKING:-AMOUNTCOMPUTATION FOR FY 2013-2014AMOUNT

CONVEYANCE RECEIVED.583801. BASIC SALARY194604LESS : DED.(800/- PM )96002. HRA TAXABLE 19466487803. CONVEYANCE TAXABLE48780HRA RECEIVED973084. SPL ALLOWANCE13615250% OF SAL(NOIDA 40%)77842
ibm: ibm:FOR DELHI 50% & FOR OTHER CITIES 40%5. BONUS & EXGRATIA & INCENTIVE30000RENT PAID 1040006. ARREAR OF SALARY/ LEAVE SALARY (IF ANY)07. OTHER INCOME RECD.8. MEDICAL EXP REMIBURSE > 15000BASIC TOT194604 TOTAL 429002BAS SAL%1019460845409.INCOME FROM HOUSE PROPERTYHRA EXEMPT77842Interest on Home Loan102000GROSS TOTAL INCOME327002TAXABLE HOUSE RENT19466DEDUCTION U/S 80 C Deduction allowed U/S 80 C 100000DEDUCTION U/S 80 C
BKBANSAL: BKBANSAL:PLEASE FILL THE INVESTMENTS BELOWDeduction allowed U/S 80 C for Infrastructue bond limit Rs.20000/-PROVIDENT FUND23352DEDUCTION U/S 80 DLIC PAID25000Deduction allowed U/S 80 d5300NSC PURCHASEDDEDUCTION U/S 80 G**TUTION FEES36000TOTAL DEDUCTIONS105300PPF DEPOSITNET TOTAL INCOME221702OTHERSTAX DUE ON RS. R/ OFF221702REPAYMENT OF HLA23604TAX PAYBLE 2170TOTAL107956ADDITIOANL TAX REBATE 2000MAXI.LIMIT Deduction U/S 80 C100000NET TAX PAYBLE 170DEDUCTION U/S 80 D - MEDICLAIM INSURANCEADD: EDUCATIONAL CESS 3%5TOTAL TAX PAYBLE 175MEDICLAIM INSURANCE PAID5300TDS DEDUCTED / ADVANCE TAX0BALANCE TAX PAYABLE175DEDUCTION U/S 80 G ***AVERAGE MONTLY TDS14Any 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.IN CASE OF CLAIMING OF HRA EXEMPTION, IF RENT PAID IS MORE THAN RS.15000. IT IS COMPULOSRY REQUIREMNT OF PROVIDING COPY OF PAN CARD OF LANDLORD OTHERWISE NO DEDUCTION WILL BE ALLOWED

SIGNATURE OF EMPLOYEE

60= 15000900000BASIC TOT120000 TOTAL 1295750BAS SAL%1012000780009.INCOME FROM HOUSE PROPERTYHRA EXEMPT60000Interest on Home Loan00GROSS TOTAL INCOME1295750TAXABLE HOUSE RENT15000DEDUCTION U/S 80 C Deduction allowed U/S 80 C 100000DEDUCTION U/S 80 C
BKBANSAL: BKBANSAL:PLEASE FILL THE INVESTMENTS BELOWDeduction allowed U/S 80 C for Infrastructue bond limit Rs.20000/-10000PROVIDENT FUND14400DEDUCTION U/S 80 DLIC PAID75655Deduction allowed U/S 80 d5500NSC PURCHASED10000DEDUCTION U/S 80 G**TUTION FEESTOTAL DEDUCTIONS115500PPF DEPOSITNET TOTAL INCOME1180250930250OTHERS20000TAX DUE ON RS. R/ OFF1180250UPTO 50000010%REPAYMENT OF HLATAX PAYBLE 154075FROM 5 LAC TO 10 LAC20%TOTAL120055ADDITIOANL TAX REBATE 0ABOVE 10 LAC30%MAXI.LIMIT Deduction U/S 80 C100000NET TAX PAYBLE 154075ADD: EDUCATIONAL CESS 3%4622TOTAL TAX PAYBLE 158697DEDUCTION U/S 80 D - MEDICLAIM INSURANCETDS DEDUCTED / ADVANCE TAX500MEDICLAIM INSURANCE PAID5500BALANCE TAX PAYABLE158197AVERAGE MONTLY TDS12840DEDUCTION 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 EMPLOYEE

TAX RATESA. Individual, Hindu undivided family, association of persons, body of individuals, artificialjuridical personParagraph 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) ofclause (31) of section 2 of the Income-tax Act (not being a case to which any other Paragraph of PartIII applies) are as under :Upto Rs. 2,00,000 Nil.Rs. 2,00,001 to Rs. 5,00,000 10 per cent.Rs. 5,00,001 to Rs. 10,00,000 20 per cent.Above Rs. 10,00,000 30 per cent.(ii) In the case of every individual, being a woman resident in India, and below the age of sixty yearsat any time during the previous year,Upto Rs. 2,00,000 Nil.Rs. 2,00,001 to Rs. 5,00,000 10 per cent.Rs. 5,00,001 to Rs. 10,00,000 20 per cent.Above Rs. 10,00,000 30 per cent.(iii) In the case of every individual, being a resident in India, who is of the age of sixty years or morebut 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. 10,00,000 20 per cent.Above Rs. 10,00,000 30 per cent.(iv) in the case of every individual, being a resident in India, who is of the age of eighty years or moreat anytime during the previous year, -Upto Rs. 5,00,000 Nil.Rs. 50,00,001 to Rs. 10,00,000 20 per cent.Above Rs.10,00,000 30 per cent.No surcharge will be levied in the cases of persons covered under paragraph-A of part-III of the FirstSchedule.