Auto Income Tax Calculator by B.P.

Choudhary (Ta
Calculate your Tax in Just 5 Minutes

1
2
3
4
5 .
6
7
8
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
9
a
b
c
d
e
f
g
h
i
j
k
 l
m
n
10

8. TAX RULES & OTHER USEFUL INFORMATION

I
II

III
IV

VI

VI

VIII

IX

X
XI
XII

XIII
 9

a
b

c
.
.
d

m
n

14

1
2
3
 Auto Income Tax Calculator by B.P.Choudhary (Tax Con
Calculate your Tax in Just 5 Minutes
Latest Modified Version 5.1 for the Financial year 2010- 11, ASSESSMENT YEAR
with brief detail of deduction u/s 80C. 80D, Agricultural Income.

Hello-Dears- I am Bijender Pal Choudhary.

this Auto Tax Calculator for common people. This tax calculator may help you to calculate the est
you find any inconsistency, correction or amendments, please let me know, I will try to fix it at the
e-mail at bpchoudhary@gmail.com
REGARD - B.P.CHOUDHARY, 1577 SECTOR - 5, R.K.PURAM, NEW DELHI-110022 Ph : 9811302497
This Calculator will be used to compute the Tax for Common individuals.
Easy to understand & similar as form 16.
You can Calculate your Income Tax in Calculation Sheet & print the Working Sheet.
Once you enter the amount in the blank cells. Other cells in Calculation & Computation Sheets will calculate data & Tax automatically.
Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your reference. For instruction move cursor on ce
Some Exempted Receipts / allowances
Some Exempted Income ( to be shown while Return filing)
T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N S for
HRA exemption
Transport allowance
Reimbursement of Medical bills
u/s(5) LTA is exempt
u/s 24 Exemption for interest on housing loan.
u/s 80C Maximum exemption
u/s 80D Medical Insurance
u/s 80DD Deduction in respect of medical treatment of handicapped dependents
u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases
u/s 80E Interest repayment on education loan
u/s 80G Donations given for certain charities
u/s 80GG If you are not getting HRA, but living in rented house,
u/s 80U If you have a permanent physical disability
KNOW MORE about DEDUCTION under Section 80-C
Qualifying Investments u/s 80C
Provident Fund (PF) & Voluntary Provident Fund (VPF)
Life Insurance Premiums
Unit linked Insurance Plan : ULIP
Public Provident Fund (PPF):
National Savings Certificate (NSC):
Home Loan Principal Repayment:
Tuition fees for 2 children
Equity Linked Savings Scheme (ELSS)
5-Yr bank fixed deposits (FDs) or 5-Yr post office time deposit (POTD)
Pension Funds or Pension Policies
 Stamp Duty and Registration Charges for a home:
Infrastructure Bonds: NABARD rural bonds:
Senior Citizen Savings Scheme 2004 (SCSS)
I M P O R T A N T - A D V I S ES

Some Exempted Receipts / allowances are

1. Medical Reimbursement (Max Rs.15000/- Per annum) 2. L.T.A (as per Rule)
3. Uniform Allowance (to meet the expenditure incurred on purchase or maintenance of uniform for Official Duty
4. Entertainment allowance (for Govt Employees) Max 5000/-
5. Academic Allowance (for encouraging academic, research & training pursuits) including Newspaper etc.
6. Children Education Allowance (Rs.100 P.M. per Child / (Rs.300 for Hostel Expenditure) Max of 2 Children)
Some Exempted Income are ( to be shown while Return filing)
1. Withdrawal / Maturity received from PF,PPF,Insurance Co., Agriculture. (Max up to 5000/- )
2 Long Term Capital Gain
3 Dividend on shares in companies
4. Interest on Post Office & PPF A/C
Please Note :
(i) Interest earned from all sources is to be included. All interest (including saving Bank A/C, FD) income is fully taxable.
(II) As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or conces
option plan, free club membership, company provided credit card, gift vouchers, meal coupons, hotel stay beyond 15 days, are full
8. TAX RULES & OTHER USEFUL INFORMATION
HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA)
Transport allowance is exempt up to Rs.800/- per month provided the person is in India during the month.
For people having permanent physical disability, the exemption is Rs.1,600/- per month
Reimbursement of Medical bills are exempt for self and dependent family, up to Rs.15,000/- per annum
u/s(5) LTA is exempt to the tune of economy class Train/ Air /Recognised public Transport fare for the family to any destination in India, by
claimed twice in a block of 4 calendar years. The current block is from 01.01.2010 to 31.12.2013. For claim, it is must to provide originals tick
u/s 24 There is an Exemption for interest on housing loan.(for Self occupied Residence). If the loan was taken before Apr 1, 1999 exemp
loan was taken after Apr 1, 1999 exemption is limited to Rs.1,50,000/- per year if the house is self-occupied; There is no limit if the house is r
This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whether you've p

If you have rented out your house, enter the total income / loss from the house (after deducting property tax and standard maintenance ex
u/s 80C Maximum exemption up to Rs. 120000/- Investments up to 1 lac in PF, VPF, PPF, Insurance Premium, Housing loan principal rep
Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (for example) all 1 lac ca
PPF where the maximum investment is limited to Rs.70,000/-. An additional Rs.20,000/- can be invested in long-term infrastructure bonds,

u/s 80D Medical Insurance (such as Mediclaim & Critical illness Cover) premium is exempt up to Rs. 30,000/ per year (Rs 15,000/- for self,sp
If the premium includes for a dependent who is (Senior Citizen) above 65 years of age, an extra Rs.5,000//- can be claimed.

u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to Rs.75,000/- per year if the disability is less
disability is more than 80%
u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed
person being treated is a senior citizen, the exemption can go up to Rs.60,000/-. but any amount received under Medical Insurance Polic
deduction allowed. The Diseases and ailments specified under rule 11DD are.
(1)neurological diseases being demetia, dystonia musculorum deformans, motor neuron disease, ataxia, chorea, hemib
(2) cancer, (3) AIDS, (4)Chronic renal failure, (5) hemophilia, and (6) thalassaemia.

u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely tax exemp
u/s 80G Donations given for certain charities are tax exempt. Some are exempt to the tune of 50%, whereas others are 100%.
u/s 80GG If you are not getting HRA, but living in rented house, an exemption is available. This will be calculated as minimum of (25% of tot
or Rs.24,000/- per year)
u/s 80U If you have a permanent physical disability (including blindness), you can take an exemption (subject to maximum of Rs.75,000/-
 Section 80C of the Income Tax Act allows certain investments and expenditure to be deduct from total income.
must plan investments well andKNOW
spread itMORE about
out across DEDUCTION
the various under
instruments Section
specified under 80-C
this section to avail maximum tax
irrespective of how much you earn and under which tax bracket you fall. Most of the Income Tax payee try to save tax by savin
Act. However, it is important to know the Section in total. so that one can make best use of the options available for deduction
point to note that one can not only save tax by undertaking the specified investments, but some expenditure which you normal
exemptions.

Qualifying Investments u/s 80C are

Provident Fund (PF) & Voluntary Provident Fund (VPF) PF is automatically deducted from your salary. your contribution [12
contribution) is counted towards section 80C investments. You also have the option to contribute additional amounts through v
rate of interest is 8.5% per annum (p.a.) and is tax-free.
Life Insurance Premiums: Any amount that you pay towards life insurance premium in Life Insurance Corporation (LIC) or an
spouse or your children can also be included in Section 80C deduction. If you are paying premium for more than one insurance
included. also premium paid for ULIP will also be treated as Premium paid for Life Insurance Policies.
Unit linked Insurance Plan : ULIP stands for Unit linke
insurance with benefits of equity investments.They have attracted the attention of investors and tax-savers not only because th
perform well to give decent returns in the long-term.
IMP : Total
Public AmountFund
Provident Received
(PPF):atAmong
Maturity,
allSurvival Benefits,
the assured returns, Withdrawl in Insurance
small saving schemes,Policies is Tax Free
Public Provident and(PPF)
Fund fully exempteed
is one of th
free and the normal maturity period is 15 years. Minimum amount of contribution is Rs 500 and maximum is Rs 70,000.

National Savings Certificate (NSC): National Savings Certificate (NSC) is a 6-Yr small savings instrument eligible for section
compounded half-yearly, i.e., the effective annual rate of interest is 8.16%. If you invest Rs 1,000, it becomes Rs 1601 after six
is liable to tax (i.e., to be included in your taxable income) but the interest is also deemed to be reinvested and thus eligible for
Home Loan Principal Repayment: The Equated Monthly Installment (EMI) that you pay every month to repay your home loa
Principal and Interest.The principal component of the EMI qualifies for deduction under Sec 80C. Even the interest compone
but that would
Tuition be under
fees for Section
2 children 24 of
Apart thethe
form Income
aboveTax Act.investments expenses for children’s education (Only Tution Fee (for
major
claimed as deductions under Sec 80C.

Equity Linked Savings Scheme (ELSS): There are some mutual fund (MF) schemes specially created for offering you tax sa
Linked Savings Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under Sec 80C.

5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled f
post office time deposit (POTD) scheme: POTDs are similar to bank fixed deposits. Although available for varying time durat
and five year, only 5-Yr post-office time deposit (POTD) – which currently offers 7.5 per cent rate of interest –qualifies for tax s
Pension Funds or Pension Policies – Section 80CCC: This section – Sec 80CCC – stipulates that an investment in pension
works out to be 7.71% per annum (p.a.) as the rate of interest is compounded quarterly but paid annually. The Interest is entire
income. Section 80CCC investment limit is clubbed with the limit of Section 80C – it maeans that the total deduction available
also means that your investment in pension funds upto Rs. 1 Lakh can be claimed as deduction u/s 80CCC. However, as men
80C and 80CCC can not exceed Rs. 1 Lakh.

Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty when you buy a house, and the amo
documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.

Infrastructure Bonds: These are also popularly called Infra Bonds. These are issued by infrastructure companies, and not the
invest in these bonds can also be included in Sec 80C deductions.
NABARD rural bonds: There are two types of Bonds issued by NABARD (National Bank for Agriculture and Rural Developme
Bhavishya Nirman Bonds (BNB). Out of these two, only NABARD Rural Bonds qualify under section 80C.
Senior Citizen Savings Scheme 2004 (SCSS): A recent addition to section 80C list, Senior Citizen Savings Scheme (SCSS)
the small savings schemes but is meant only for senior citizens. Current rate of interest is 9% per annum payable quarterly. Ple
quarterly instead of compounded quarterly. Thus, unclaimed interest on these deposits won’t earn any further interest. Interest

Mostly people gives estimated declaration at year starting to minimise

I M P O Rtheir
T A NTax
T - Liabilities
A D V I S ESbut could not save up to la
months. Many of us start looking for investment avenues only in February or March, just before the Financial Year is g
One, you would end up investing your money without putting proper thought to it. And secondly, you would end up lo
whole year. Instead, decide where you want to make the investments, and start investing right from the beginning of t
advisable to save from start on monthly basis through Bank ECS as a SAP . This way, you would not only make infor
the interest for the full year from April to March.

Pls. get in touch with me for Tax saving schemes to mininimize your Tax liabilities. I am providing consulta
Customise Security & investment Plans .
HOW TO GET AN UPDATE
This tax calculator constantly gets updated to fix errors found as well as to add new features
This may also be changed when there are changes in tax rules that affect income tax computation
You can send an e-mail for the current version of tax calculator, within a day or two. Once you send a request for our calculator. In
version autimatically.whenever I update,
I PROVIDE SERVICES FOR
TAX ASSESSMENT(CALCULATION)
IT RETURNS
PAN CARD
CUSTOMISED SAVINGS / INVESTMENTS / INURANCE SOLUTIONS (LIFE/ NON
CALL M E F O R P R E S E N T A T I O N : B. P. C H O U D A R Y P h : 9 8 1 1 3 0 2 4 9 7, 9 2 1 1 1
1577 SECTOR-5 R.K.PURAM NEW DELHI-110022
 WORKING SHEET OF INCOME TAX D.O.B Tax Calculator2010-11 '!B7
for the Financial Yr 2010-10, Assessment yr 2011-12 SEX - MALE
NAME : PAN

PHONE :

ADDRESS : Email id-

1. Gross Annual Income/Salary 0
2. Less: Allowances exempt u/s 10 0
(I) H.R.A. exemption 0
(II) Conveyance allowances 0
(iii) Professional Tax 0
( iv) Any Other Exempted Receipts/ Allowances 0
3. Income under the head salaries 0
4. Add: Any other income from other sources 0
1. Interest received from following Investments
a. Bank (Saving /FD /Rec ) 0
b. N.S.C. (accrued/ Recd ) 0

c. Post Office M.I.S (6 yrs.) 0

d. Post Office Recurring Deposit (5 yrs.) 0
e. Term Deposit (1 to 5 yrs.) 0
f. Saving Bonds (6yrs.) 0
g. Kishan Vikas patra 0
2. Any Other Income 0
3. Any Other Income 0
5. Income from house property 0
6. Gross Total Income 0
7. Less: Deduction under chapter VI A -2
a. Less: Deduction under Sec 80C 0
1. PF & VPF Contribution 0
2. Life Insurance premiums 0
3. PPF a/c Contribution 0
4. N.S.C (Investment +accrued Int first five year) 0
5. Housing. Loan (Principal Repayment ) 0
6. Tuition fees for 2 children 0
7. E.L.S.S ( Mutual Fund ) 0
8. FD (5 Years and above) 0
9. 80 ccc Pension Plan 0
10. Tax Savings Infrastructure Bonds (Max up to 20,000) 0
b 1. u/s 80 D Medical Insurance premiums (for Self ) 0
b 2. 80 D Medical Insurance premiums (for Parents) 0 457850
c. u/s 80 E Int Paid on Education Loan 0
d. u/s 80G Donation to approved fund 0
e. Any other Deduction U/S 80 A-U 0
8. Total Income -2
9. Total Taxable Income (Round off to nearest 10 rupees) 0
10. Tax on Total Income 0
11. Add; Edn Cess @ 3% 0
12. Total Tax Payable 0
13. Tax Deduction at Source 0
14. Balance Tax Refundable 0
x Calculator2010-11 '!B7
 Income Tax treatment / Taxability of Agricultural Inco
Agricultural Income

What does the term Agricultural Income mean?

Certain points have to be kept in mind: In order to consider an income as agricultural income

Certain income which is treated as Agriculture Income -

Certain income which is not treated as Agricultural Income;

Certain points to be remembered;

UNDERSTAND TAX CALULATION WITH AGRICULTURE INCOME with 2 examples

Agricultural Income :Agriculture income is exempt under the Indian Income Tax Act.u/s 10 (1)This means that income
taxed. However while computing tax on non-agricultural income agricultural income is also taken into consideration.

What does the term Agricultural Income mean?

Income Tax Act income earned from any of the under given three sources meant Agricultural Income;
from land which is used for agricultural purpose: Assessees do not have to pay tax on rent or revenue from agricultural land. Su
land revenue in the country or be subject to a local rate. Further, there must be a direct link between the agricultural land and th
revenue (for instance, a landlord could receive revenue from a tenant). (ii)   Any in
operations including processing of agricultural produce, raised or received as rent in kind so as to render it fit for the market, or
iii)    Income attributable to a farm house subje
on or in the immediate vicinity of the land and is used as a dwelling house, store house etc. Income from such farm houses is c
of `farm houses’ covers buildings owned and occupied by both cultivators of agricultural land and assessees who receive rent o
purpose of such farmhouses should be for use as dwellings for the cultivators or use as store houses. Normally, the annual valu
house property’. However, in the case of a farm house, the annual value would be deemed agricultural income and would, thus

In order to consider an income as agricultural income certain points have to be kept in mind:
must me a land.
agricultural operations:-
Certain income which is treated as Agriculture Income -
sale of replanted trees.
land. (c)     Incom
(d)    Share of profit of a partne
operations. (e)     Interest on capital receiv
agricultural operations. (f)    Income derived from sale of seeds.
(g) Income from sapling or seedings grown in nursery

Certain income which is not treated as Agricultural Income;

Income from poultry farming.
bee hiving.
of spontaneously grown trees.
(e)     Purcha
(f)     Dividend paid by a comp
(g)    Income of salt produced by flooding
(h)   Royalty income from mines.
(i)     Income from butter and cheese making.
(j)     Receipts from TV serial shooting in farm house is not agriculture income.

Certain points to be remembered;

(a)    Agricultural income is considered for rate purpose while computing tax of Individual/HUF/AOP/BOI/Artificial Judicial Perso
(b)   Losses from agricultural operations could be carried forward and set off with agricultural income of next eight assessment y
(c)    Agriculture income is computed same as business income.
UNDERSTAND TAX CALULATION WITH AGRICULTURE INCOME
Although agricultural income is not taxable, it must be included with non-agricultural income in the case of  Individual assessee
EX-1 Take the cas
agricultural income of Rs 1,50,000 and non-agricultural income of Rs 2 lakh during the year ended March 31, 2011. Mr.Choudh
follows:
(a) Agricultural income (Rs 1,50,000) plus non-agricultural income (Rs 2 lakh) = Rs 3.5 lakh.
(b) Income tax on Rs 3.5 lakh = Rs 19,000
(c) Tax on agricultural income of Rs 1,50,000 plus basic exemption of Rs 1.60,000 = Rs 15,000.
(d) Tax payable = (b) – (c) = Rs 4,000/-
Mr. Choudhary would have ended up paying Rs 4,000 in taxes on a non-agricultural income of Rs 2 lakh if it wasn’t for the
income for rate purposes. Following the inclusion clause, he nednot pays an additional tax on non-agricultural income.
EX-2 I have business income of Rs 4,00,000 and agricultural income of Rs 2,50,000. These figures relate to the Financial year
my tax liability be computed?
Agricultural income is exempt under Section 10(1) of the Act so long as the income is derived from agricultural land situated
merely for rate purposes and rebate is allowed on the same in accordance with the Finance Act. No Tax is payable if total Inco
. The inclusion of agricultural income for rate purposes is only required where the total income exceeds Rs 1,50,000.
PARTICULARS
Business Income
Agricultural Income
Income Including Agricultural Income
Tax on 6,50,000/-
Less: Rebate on Agricultural Income
on 2,50,000+1,60,000 being basic Exemption)
Net Tax Payable
Add: Education Cess 3%
Total tax Payable
 Deduction u/s 80D for Mediclaim Premium available to Individual, a

Deduction in respect of Medical Insurance Premium (Mediclaim / Critical illness) paid to keep in force insurance by ind
health of spouse, dependent parents and children.

A Mediclaim policy is a must because you or your family Member should fall sick or meet with an accident, your medical bills co
tool to protect. against heavy financial burden for treatment in hospitals
For Inquire about MEDICLAIM POLICY from National Insurance - mail me at - bpchoudhary@gmail.com
Informations about Mediclaim policy
1. Premium based on Age:
2. Who can take the Policy
3. Cover Age
4. How much Sum Insured can be taken ?
5. Deduction from Total Taxable Income
6. Partly contribution can be benefitted
7. Which Policies Premium is allowed?
8. What is the eligible amount of the deduction u/s 80 D ?
9. INDIVIDUAL MEDICLAIM POLICY from National Insurance Company Limited
10. what are the SALIENT FEATURES of Individual Mediclaim policy?
11. what are the PREMIUMS (as per sum insured & age group)?
12. Floater mediclaim Policy (PARIVAR) from National Insurance Company Limited
13. SALIENT FEATURES of PARIVAR (floater) Mediclaim policy?
14. PARIVAR Mediclaim policy Premium up to Age 35 Years
15 PARIVAR Mediclaim policy Premium for 36 to 45 years
16 PARIVAR Mediclaim policy Premium for 46 to 50 years
17.Premium
1. PARIVARbasedMediclaim
on Age:
policy
- The
Premium
premium
for rates
51 to will
55 years
vary among the insurers and will also depend on your age. The older you
Mediclaim
18. PARIVAR policy from General
Mediclaim policy Insurance Corporation
Premium for has a fixed premium till 35 years and then it changes in 10-year slabs.
56 to 60 years

2. Who can take the Policy: - Individual (resident or non resident, Indian Citizen or foreign citizen):- In case an individual is tak
policy can be taken in the name of any of the following: the taxpayer or the spouse, parents or dependent children* of the taxpa
not be dependent on the Assessee,.parents of Individual or Spouse both are covered.

3. Cover Age: This insurance is available to a person between the age of 18 to 59 years. However, the Policy can be renewed
the age of 3 months can be covered with the parents. male child can be covered up to the age of 25 years. Female child can be

4. Sum Insured: Minimum sum insured shall be Rs 50,000/- and can be increased in multiples of Rs 25,000/-up to Rs 5 lacs.
5. Deduction from Total Income: - In addition to deduction u/s, 80C, This is an additional deduction available over 1,20,000.
6. Partly contribution: If part payment is done by you and part payment by the Spouse / parent, both can claim deduction to th
maximum allowed but amount should be paid directly to insurance company and paid through mode other than by cash.
7. Which Policies Premium is allowed? : - Mediclaim premium paid under Medical insurance scheme of General Insurance's
Government, or any other insurer approved by the Insurance Regulatory & Development Authority (IRDA). Or Critical illness Co
Companies.

8. What is the eligible amount of the deduction?

Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000.Premium pai
15,000. In case any of the persons is a senior citizen (i.e. 65 years or more as of end of the year) and Mediclaim Insurance pre
deduction amount is enhanced to Rs. 20,000.

NATIONAL INSURANCE COMPANY LTD.

1. INDIVIDUAL MEDICLAIM POLICY
Provides protection to individuals, families, employers, employees against heavy financial burden for treatment in hos
whether involving surgery or not.
With Tax Saving other than saving of 80C (1, 20,000)
1. SALIENT FEATURES
Ø  The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury sustained.
Ø  Pre & Post hospitalization expenses incurred 30 days before & 60 days after hospitalisation are reimbursed
Ø  Photo identification card for cashless medical benefits over networked hospitals across the country or reimb
Ø  NO Medical Tests required up to 50 years.
Ø  Family Discount - 10% in the total premium allowed when insured & any one or more member are covered.
Ø  Cumulative Bonus: Sum insured shall be progressively increased by 5% in each claim free year up to 50%.
Ø  Reimbursement of cost of medical checkup (up to 1% of the average Sum Insured).
Ø  Tax Benefits - Under Sec 80D.
Ø  Sum Insured Rs 50,000/- up to Rs 5 lacs.
Ø  TPA option: The premium includes cashless facility through TPA. If the policyholder does not require Cashless
2. PREMIUMS (as per sum insured & age group)

SUM From From From From From From

INSURED 0-25 26-35 36-45 46-55 56-65 66-70 71-75
YRS YRS YRS YRS YRS YRS YRS
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
50000 541 710 956 1635 2158 2688 2881
75000 785 1031 1386 2371 3125 3886 4162
100000 1049 1377 1852 3161 4180 5196 5567
125000 1292 1696 2282 3909 5173 6436 6945
150000 1536 2016 2713 4656 6165 7677 8323
175000 1755 2304 3101 5351 7094 8847 9633
200000 1975 2592 3488 6045 8025 10019 10941
225000 2170 2848 3832 6685 8893 11122 12182
250000 2365 3104 4177 7326 9761 12224 13422
275000 2560 3360 4521 7967 10629 13326 14662
300000 2755 3616 4866 8608 11498 14429 15902
325000 2926 3840 5168 9196 12303 15461 17074
350000 3096 4064 5469 9782 13110 16496 18245
375000 3267 4288 5771 10371 13915 17528 19417
400000 3438 4512 6071 10957 14722 18563 20587
425000 3608 4736 6373 11545 15527 19595 21760
450000 3779 4960 6675 12132 16334 20630 22930
475000 3950 5184 6977 12720 17140 21662 24102
500000 4120 5408 7277 13307 17947 22687 25273
Service Tax 10.3% of the premium to be added (after family discount if applicable)

NATIONAL INSURANCE COMPANY LTD.

2. PARIVAR – ( FLOATER ) MEDICLAIM for FAMILIE
This is a Family Floater Health Insurance Policy, Entire family is covered under single Sum Insured. (Family means Self, Sp
of 25 years.) [Parents are not covered]

The Policy covers reimbursement of Hospitalisation expenses for illness/diseases contracted or injury. In the event
the policy, the Company either pays to the Hospital/Nursing Home through TPA or directly to the insured if TPA servic
1. SALIENT FEATURES
The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury

Pre & Post hospitalization Medical expenses incurred 15 days before & 30 days after hospitalisation are also reimb
      Photo identification card for cashless medical benefits over networked hospitals across the country or reimbu
       Age- Persons between the ages of 3 months to 60 years are eligible.
       NO Medical Tests required up to 60years.
      Pre-Existing Diseases will be covered after 4 continuous Claim free year.
      Hospitalisation expenses of person donating organ during the course of Organ Transplant are also co
      Tax Benefits - Under Sec 80D. Premium given by you will be fully deducted from Taxable Income.
       Sum Insured Rs 2Lacs to Rs 5 Lacs.
       In case any member of the family is suffering from hypertension or diabetes, will be covered after paying10% extra
       In case any member of the family is suffering from hypertension and diabetes, will be covered after paying 25% ex

Premium Chart
Up to 35 years

st nd
Sum Self Spouse 1 Child 2 Child 2 Adults + 2Adults +
Insured 2 Kids 1 Kid
(Rs.) 25% 20% 20%
2,00,000 2469 617 494 494 4074 3580
2,50,000 2956 739 591 591 4877 4286
3,00,000 3444 861 689 689 5683 4994
3,50,000 3870 968 774 774 6386 5612
4,00,000 4297 1074 859 859 7089 6230
4,50,000 4723 1181 945 945 7794 6849
5,00,000 5151 1288 1030 1030 8499 7469

36 to 45 years

Sum Self Spouse 1st Child 2nd Child 2 Adults + 2Adults +

Insured 2 Kids 1 Kid
(Rs.) 30% 20% 20%
2,00,000 2683 805 537 537 4561 4025
2,50,000 3213 964 643 643 5462 4820
3,00,000 3743 1123 749 749 6363 5615
3,50,000 4207 1262 841 841 7152 6311
4,00,000 4670 1401 934 934 7939 7005
4,50,000 5135 1541 1027 1027 8730 7703
5,00,000 5598 1679 1120 1120 9517 8397

46 to 50 years
st nd
Sum Self Spouse 1 Child 2 Child 2 Adults + 2Adults +
Insured 2 Kids 1 Kid
(Rs.) 35% 20% 20%
2,00,000 4290 1502 858 858 7508 6650
2,50,000 5200 1820 1040 1040 9099 8060
3,00,000 6108 2138 1222 1222 10690 9468
3,50,000 6942 2430 1388 1388 12149 10760
4,00,000 7776 2722 1555 1555 13608 12053
4,50,000 8610 3013 1722 1722 15067 13345
5,00,000 9444 3305 1889 1889 16526 14637
 st nd
Sum Self Spouse 1 Child 2 Child 2 Adults + 2Adults +
Insured 2 Kids 1 Kid
(Rs.) 35% 20% 20%
2,00,000 4290 1502 858 858 7508 6650
2,50,000 5200 1820 1040 1040 9099 8060
3,00,000 6108 2138 1222 1222 10690 9468
3,50,000 6942 2430 1388 1388 12149 10760
4,00,000 7776 2722 1555 1555 13608 12053
4,50,000 8610 3013 1722 1722 15067 13345
5,00,000 9444 3305 1889 1889 16526 14637

51 to 55 years

Sum Self Spouse 1st Child 2nd Child 2 Adults + 2Adults +

Insured 2 Kids 1 Kid
(Rs.) 40% 20% 20%
2,00,000 4485 1794 897 897 8073 7176
2,50,000 5436 2174 1087 1087 9785 8698
3,00,000 6386 2554 1277 1277 11495 10218
3,50,000 7258 2903 1452 1452 13064 11612
4,00,000 8129 3252 1626 1626 14633 13007
4,50,000 9001 3600 1800 1800 16202 14402
5,00,000 9873 3949 1975 1975 17771 15796

56 to 60 years
st nd
Sum Self Spouse 1 Child 2 Child 2 Adults + 2Adults +
Insured 2 Kids 1 Kid
(Rs.) 40% 20% 20%
2,00,000 5127 2051 1025 1025 9228 8203
2,50,000 6236 2495 1247 1247 11226 9978
3,00,000 7346 2938 1469 1469 13223 11754
3,50,000 8375 3350 1675 1675 15076 13401
4,00,000 9406 3762 1881 1881 16931 15049
4,50,000 10436 4175 2087 2087 18785 16698
5,00,000 11466 4586 2293 2293 20638 18345

NOTE: - Service Tax 10.03% of the premium to be added

For Inquire about MEDICLAIM POLICY from National Insurance - contact me at - bpchoudhary@gmail.com ph: 9811