• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • 1
    CommentGo Back
 
Income Tax Calculator 2008-09
Statement Showing details of pay and allowances paid to
Mohan Lal KaushikLecturer in Comp. Engg.
Sr.NoMonthBasicD.PD.A.H.R.A.FMACon.All.Gross TotalG.P.FP.T.GISPPFLICI. Tax1Mar-08910045505597760250100203571000060005002Apr-08910045506416760250100211761000060005003May-08910045506416760250100211761000060005004Jun-08910045506416760250100211761000060005005Jul-0891004550641611472502002166310000600006Aug-0891004550641612602502002177610000600007Sep-0891004550641612602502002177610000600008Oct-0891004550737112602502002273110000600009Nov-08910045507371126025020022731100006000010Dec-08910045507371126025020022731100006000011Jan-0917890540037264658500032174200006000012Feb-0917890540037264658500032174200006000013D.A.arr002457000245714D.A.arr00298500029850000001540% Arear813090000081309
Total20808956300791001980335001600368392140000720002000
Deduction Under 80 C,80CCC & 80CCD1) Housing Loan Principal
0
H. Loan Interest u/s10
0
Mohan Lal Kaushik 2) G.P.F.
140000
DesignationLecturer in Comp. Engg.3) L.I.C.
71490
PAN No.ALIPK8751H4) G.I.S.
720
Fathers NameJai Bhagwan5) P.P.F.
00
Date of Birth1/5/19786) Mutual Fund ELSS
0
Gender 
M
7)P.L.I. / U.T.I.
1000000
Bank A/C. Number104213943998)Educational Fees
0
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 C121869Total Income Tax10,412
Tax payable/ refundable
8,412
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**
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
muguchit

bvdzbdshers hery43 vx4w5

reply06 / 08 / 2009
You must be to leave a comment.
Submit
Characters: ...