tax clculator

Income Tax Calculator for FY 2012-13

www.ApnaPlan.com
Birth date
Age 7-Oct-81 30

Gross Annual Income/Salary (with all allowances) Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption City of Residence Basic Salary (Basic+DA) Rent Paid H.R.A received (II) Conveyance allowances(Max Rs.800/-p.m) (iii) Any Other Exempted Receipts/ allowances (iv) Professional Tax

370,000 37,200
NM

267,996 96,000 37,200 9,600 0 2,400

107,198 69,200 37,200 9,600 0 2,400 0

Income under the head salaries Add: Any other income from other sources
1. Interest received from following Investments a. Bank ( Saving /FD /Rec ) b. N.S.C.(accrued/ Recd ) c. Post Ofice M.I.S (6 yrs.) d. Post Office Recring Deposit (5 yrs.) e. Term Deposit (1 to 5 yrs.) f. Saving Bonds (6yrs.) g. Kishan Vikas patra 2. Any Other Income 3. Any Other Income

Income from house property

Less: Interest paid on housing loan(max150,000)

0 0 0 0 0 0 0 0 0 0 0 60,604 11,160 49,444 0 0 0 0 0 0 0 0 2,150 2,150

Gross Total Income Less: Deduction under Sec 80C (Max Rs.1,00,000/-)
a. PF&VPF Contribution b. Life Insurance premiums c. PPF a/c Contribution d. N.S.C (Investment +accrued Int first five year) e. Housing. Loan (Principal Repayment ) f. Tuition fees for 2 children g. E.L.S.S(Mutual Fund) h. Tax Savings Bonds I. FD (5 Years and above) j. 80 ccc Pension Plan

Less: Deduction under chapter VI A

b. 80 D Medical Insurance premiums (for Self ) Page 1

tax clculator C. 80 D Medical Insurance premiums (for Parents) d. 80 E Int Paid on Education Loan e. 80G Donation to approved fund f. Any other

0 0 0 0

Total Income
Total Tax Payable Add; Edn Cess @ 3%

Net Tax Payable

Tax to Total Income Ratio

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370,000 -49,200

320,800 0

0 320,800 -60,604

-2,150

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258,046 5,805 174

5,979
2%

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