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I Tax Calculator 08 09

I Tax Calculator 08 09

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(12)
|Views: 2,424|Likes:
Published by Rajesh Nage
To calculate your Tax for 08-09.Enter Your name in the cell coloured Yellow.

Enter the details of your salary in Details Sheet.You can edit the DA field by pressing F2 key.

Then enter your savings encluding your home loan Principal etc.
I Tax Calculator 08 09 caculator meant for GOVT. Employees only.
You can see tax payable by you on Details sheet in Green colour.

For Form 16 click on Form-16 sheet.

AS per your office details pl. change the DDO name and office name.

Your tax calculation with Form 16 is ready.

Let,s try it, if any sujection or query pl. write to me rajeshnage@gmail.com.

Thanks for reviewing.
To calculate your Tax for 08-09.Enter Your name in the cell coloured Yellow.

Enter the details of your salary in Details Sheet.You can edit the DA field by pressing F2 key.

Then enter your savings encluding your home loan Principal etc.
I Tax Calculator 08 09 caculator meant for GOVT. Employees only.
You can see tax payable by you on Details sheet in Green colour.

For Form 16 click on Form-16 sheet.

AS per your office details pl. change the DDO name and office name.

Your tax calculation with Form 16 is ready.

Let,s try it, if any sujection or query pl. write to me rajeshnage@gmail.com.

Thanks for reviewing.

More info:

Published by: Rajesh Nage on Jan 22, 2009
Copyright:Attribution Non-commercial

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10/12/2012

original

 
Statement Showing details of pay and allowances paid to
xxxxxx
Sr.NoMonthBasicD.PD.A.H.R.A.CLACon.All.Gross TotalG.P.FP.T.GISPPFLICI. Tax1Mar-0892504625652169402002129010002000068702Apr-0892504625652169402002129010002000068703May-0892504625652169402002129010002000068704Jun-0892504625652169402002129010002000068705Jul-0894754738767571102002279910002000068706Aug-0894754738767571102002279910002000068707Sep-0894754738767571102002279910002000068708Oct-0894754738767571102002279910002000068709Nov-08947547387675711020022799100020000687010Dec-08947547387675711020022799100020000687011Jan-09947547387675711020022799100020000687012Feb-099475473876757110200227991000300006870136 PC.Adv.000000000000014D.A.arr0000000000000
Total11280056404874848464024002675521200025000082440
Deduction Under 80 C,80CCC & 80CCD1) Housing Loan Principal
0
H. Loan Interest u/s10
0
xxx2) G.P.F.
120000
Designationxxx3) L.I.C.
00
PAN No.xxx4) G.I.S.
0
Fathers Namexxx5) P.P.F.
00
Date of Birthxxx6) Mutual Fund ELSS
0
Gender 
M
7)P.L.I. / U.T.I.
00
Bank A/C. Numberxxx8)Educational Fees
0
Income Tax Calculator 2008-09
( By Rajesh Nage, Mo. 9422208050)
For the period from
1/4/2008
to
31/03/2009
and authorised deductions admissible U/S 88 of the income tax Name of the Employee
Mediclaim Insurance
80D
Expenditure for medicaltreatment for dependentrelative. u/s
80 DD
Interest on educational loan for higher education.u/s
80 E
Deduction for handicapped person u/s
80 U
For Male type
M
and forFemale type
F
Type Tax Payer InformationFill details of Investments and
 
Total Deduction u/s 80 C12000Total Income Tax9,496
Tax payable/ refundable
9,496
Signature of Employee
Deductions under Chapter VI-A
(Section)
Normal Rates of tax:2008-09
180CInvestment in approved schemes. Maximum eligible1Where the total income does notNIL Rs 100,000 for 80C + 80CCC + 80CCDexceed Rs.1,50,000/-.280CCCContribution to annuity plans. Maximum eligible amount is Rs2Where the total income exceeds10% 10,000. Maximum eligible amount is Rs 100,000 for 80C +Rs.1,50,000 but does not exceed80CCC + 80CCDRs.3,00,000/-.380CCDContribution to pension scheme by Central Govt employees.3Where the total income exceeds15000+20% Maximum eligible amount is 10% of Salary. Maximum eligibleRs.3,00,000/- but does not exceedamount is Rs 100,000 for 80C + 80CCC + 80CCDRs.5,00,000/-.480DMediclaim insurance.Maximum eligible amount is Rs 10,0004Where the total income exceeds55000+30% (Rs 15,000 for Senior Citizen)Rs.5,00,000/-.580DDExpenditure for medical treatment for dependent relative.
Rates of tax for a woman, resident in India and below
Maximum eligible amount is Rs 50,000 (Rs 75,000 for severe
sixty-five years of age:
disability)1Where the total income does notNIL680DDBMedical expenditure for specified diseases. Maximum eligibleexceed Rs.1,80,000/-. amount is Rs 40,000 (Rs 60,000 for Senior Citizen)2Where the total income exceeds10%780EInterest on educational loan for higher education.Rs.1,80,000 but does not exceed 880GDeduction for donation on the basis of valid receipt fromRs.3,00,000/-. approved institutions. See IT Act / Rules for allowable deduction3Where the total income exceeds12000+20%980GGDeduction for rent paid where no HRA is received. MaximumRs.3,00,000/- but does not exceed eligible amount is Rs 24,000. See IT Act / Rules for allowableRs.5,00,000/-.deduction4Where the total income exceeds52000+30%1080GGADonation or contribution to specified organizations. See IT Act /Rs.5,00,000/-. Rules for allowable deductionCalculate surcharge at 10% on tax payable as per Instructions if 
Click on Form 16 sheet to see
 
1180GGCDonation to registered political party.total income exceeds Rs 10,00,000. Round off to nearest 1280UDeduction for handicapped persons. Maximum eligible amountRupee is Rs 50,000 (Rs 75,000 for severe disability)Calculate education cess at 3% on tax payable + surcharge, if any. Round off to nearest Rupee
Income Tax Slab For The Financial Year 2008-09 (For Individuals)Taxable income slab (Rs.)
Rate (%)
Up to 1,50,000 (for men below 65 Yrs)NILUp to 1,80,000 (for women below 65 Yrs)Up to 2,25,000 (for senior citizens[65 Yrs & above])1,50,001 3,00,00010*3,00,001 5,00,00020*Income above 5,00,001 30**

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