visit our site:www.simpletaxindia.blogspot.

com

simple tax india

CREATED BY CA NEERAJ SHARMA / ABOHAR -152116 / PUNJAB 9815106363 MAIL ME AT neeraj14182002@yahoo.co.in
Person Name

Vikas
Choose CITY NON METRO

Company Name

Vikas Bhardwaj & Company

METRO MONTHS April May June July August September October November December January February March Basic+DA*+IR*+DP* 10000 10001 12001 1200 10001 10001 10001 10001 10001 10001 10001 10001 ACTUAL HRA 5000 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 2400 RENT PAID 3000 1500 1500 1500 1500 1500 1500 1500 1500 1500 1500 1500 METRO OR NON METRO CALCULATION 4000 4000.4 4800.4 480 4000.4 4000.4 4000.4 4000.4 4000.4 4000.4 4000.4 4000.4 EXCESS RENT PAID OVER 10 % OF Salary 2000 499.9 299.9 1380 499.9 499.9 499.9 499.9 499.9 499.9 499.9 499.9 NON METRO EXEMPTED AMOUNT 2000 499.9 299.9 480 499.9 499.9 499.9 499.9 499.9 499.9 499.9 499.9

TOTAL

113210

31400

19500

45284
TOTAL EXEMPTION

8179

7279

ONLY YELLOW COLOUR CELLS ARE FILLABLE

NOTE*:ADD DP,DA,IR ONLY IF TERM OF EMPLOYMENT SO PROVIDES

simple tax india

SIMPLE TAX INDIA

INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009

1 a) b) c) d) 2 3 4 5 6 7 8 9 10 a) b) c) 11 12 13 14 15 16

GENERAL Select : General/Woman/Senior Citizen >>>> Income from Salary Taxable Salary (Except a,b,c and d) 1001000 Taxable House Rent Allowance 0 Taxable Conveyance Allowance 0 Taxable Children Education Allowance 0 Taxable Children Hostel Allowance 0 Taxable Perquisites 0 Less : Professional Tax 16(ii) 0 Less : Entertainment Allowance 16(iii) 0 1-(2+3) Net Income From Salary Income from House Property Income from one self occupied house NIL Less : Interest paid on Home Loans 0 Loss from self occupied house property 5-6 Income from Other Sources Gross Total Income 4+7+8 Deduction Under Chapter VI A Investments / Payments in eligible avenues 80C 0 Payment towards Medical insurance 80D 0 Any other deduction 0 Total Taxable Income 9-10 Income Tax Add : Surcharge @ 10% Add : Education Cess @ 2% Add : Education Cess @ 1%(Secondary & Higher) 12+13+14 Total Tax Payable TAX BENEFIT FROM BUDGET 2008

SIMPLE TAX INDIA

NDIA
TAX CALCULA TION AS PER OLD RATES

-2009

1001000

0 0 1001000

0 1001000 205300 700 4120 2060 212180

1001000 249300 700 5000 2500 257500 45320

NDIA

INCOME TAX CALCULATOR

FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009

Select : General/Woman/Senior Citizen

1 a) b) c) d) 2 3 4 5 6 7 8 9 10 a) b) c) 11 12 13 14 15 16 Income from Salary Taxable Salary (Except a,b,c and d) Taxable House Rent Allowance Taxable Conveyance Allowance Taxable Children Education Allowance Taxable Children Hostel Allowance Taxable Perquisites Less : Professional Tax Less : Entertainment Allowance Net Income From Salary Income from House Property Income from one self occupied house Less : Interest paid on Home Loans Loss from self occupied house property Income from Other Sources Gross Total Income Deduction Under Chapter VI A Investments / Payments in eligible avenues Payment towards Medical insurance Any other deduction Total Taxable Income Income Tax Add : Surcharge @ 10% Add : Education Cess @ 2% Add : Education Cess @ 1%(Secondary & Higher) Total Tax Payable

>>>>

SENIOR CITIZEN 1001000 0 0 0 0 0 0 0

16(ii) 16(iii) 1-(2+3)

NIL 0 5-6 4+7+8 80C 80D 9-10 0 0 0

12+13+14

SIMPLE TAX INDIA

Simplify Your Payroll
www.fastfacts.co.in

-2009

1001000

0 0 1001000

0 1001000 236300 700 4740 2370 244110

NDIA

HRA CALCULATION -Select : Monthly/Yearly >>>> HRA Monthly Month Rent Paid Metro Received Salary April May June July August September October November December January February March TOTAL TAX FREE TAXABLE YEARLY TAX FREE TAXABLE 0 0 0 0 0 TRUE 0 TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE 0

MONTHLY Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0

CONVEYANCE ALLOWANCE Month April May June July August September October November December January February March TOTAL Amount Received Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0

CHILDREN EDUCATION ALLOWANCE Month April May June July August September October November December January February March TOTAL No.OF Children Amount Received Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0

N ALLOWANCE Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0