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Income Tax Calculator F.Y. 2013-14 (AY 2014-15)
Gender Name Age Number of children
Salary Breakup

Male Your Name 30 0

April 84,200 42,100 9,583 80,600 May 84,200 42,100 9,583 80,600 4,050 7,017 4,050 7,017 9,583 80,600 4,050 7,017 June 84,200 42,100 July 84,200 42,100 9,583 80,600 4,050 7,017 August 84,200 42,100 9,583 80,600 4,050 7,017 September 84,200 42,100 9,583 80,600 4,050 7,017 October 84,200 42,100 9,583 80,600 4,050 7,017 November 84,200 42,100 9,583 80,600 4,050 7,017 December 84,200 42,100 9,583 80,600 4,050 7,017 January 84,200 42,100 9,583 80,600 4,050 7,017 February 84,200 42,100 9,583 80,600 4,050 7,017 March 84,200 42,100 9,583 80,600 4,050 7,017 Total 1,010,400 505,200 114,996 967,200 48,600 84,204 1,250 1,100 1,250 1,100 4,000 6,000 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 1,250 1,100 4,000 6,000 15,000 13,200 48,000 72,000 239,900 239,900 239,900 239,900 239,900 239,900 239,900 239,900 239,900 239,900 239,900 2,878,800 239,900

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Basic Salary House Rent Allowance (HRA) Dearness allowance (DA) Transport/Conveyence Allowance Child Education Allowance Grade/Special/Management/Supplemementary Allowance City Compensatory Allowance (CCA) Arrears Gratuity Leave Travel Allowance (LTA) Leave Encashment Performance Incentive/Bonus Medical Reimbursement Food Coupons Periodical Journals Uniform/Dress Allowance Telephone Reimbursements Professional Development Allowance Car Reimbursement Internet Expense Driver Salary Gifts From Non-Relatives Gifts From Relatives Agricultural Income House Rent Income/Notional rent (income from house property) Saving bank account interest Other income (Fixed deposit /NSC/SCSS Interest) Income from Lottery, Crossword Puzzles, prizes etc STCG from listed equity products/equity MFs STCG not from listed equity products/equity MFs LTCG from listed equity products/equity MFs LTCG not from listed equity product/equity MFs s w/o indexation LTCG not from listed equity products/equity MFs with indexation benefits
TOTAL INCOME

Exemptions Actual Rent paid as per rent receipts Place of residence Availing both HRA and Home loan exemption

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

40,000 Metro City

480,000

HRA Exemption

31,580

31,580

31,580

31,580

31,580

31,580

31,580

31,580

31,580

31,580

31,580

31,580 378,960

Non-Taxable Allowances Investment/Bills Details Child Education Allowance 15,000 Medical Reimbursement receipts submitted 9,600 Transport/Conv. Allowance 84,204 LTA receipt submitted 13,200 Food Coupons Periodical Journals Uniform/Dress Allowance Telephone Reimbursement receipts submitted Prof. Development receipts submitted 48,000 Car Expenses Reimbursement receipts submitted Internet expense receipts submitted Driver Salary receipts submitted 72,000 Other Reimbursement receipts submitted Non taxable Gratuity 48,600 Non taxable leave encashment During Service Non taxable House rent income-30% ded. Balance Salary Professional Tax Net Taxable Salary Total Home loan amount Self occup. Home Loan Interest Component Home Loan taken in 2013-14 Letout property Home Loan Interest Municipal taxes paid on letout properties Gross Total Income Deductions under chapter VIA Life Insurance Premium payment Employee's contribution to PF PPF (Public Provident Fund) Equity Tax saver Mutual Funds - ELSS National Savings Certificate (NSC) deposit National Service Scheme (NSS) deposit Senior Citizen Savings Scheme (SCSS) deposit Post Office/Tax saving Bonds investments New pension scheme (NPS) Deposit 80CCD Children Tution Fees paid Housing Loan Principal repayment Tax saving Fixed Deposit for 5 yrs. or more Stamp Duty/Registration charges for house Other Eligible Investments Total of Section 80C Pension Fund (80 CCC) Total Deduction under Sec. 80C & 80CCC 80D (Medical insurance premium for Self and/or Family) 80D (Medical insurance premium for Parents) 80DD (Maintainence of depandant disabled) 80DDB (Medical treatment for specific diseases) 80E (Interest paid on Higher Education Loan) 80U (Handicapped person/Perm. Disability) Donations - 80G (100 % deductions) Donations - 80G (50 % deductions) 80CCG - RGESS Home loan interest exemption u/s 80EE Employer NPS deduction u/s 80CCD(2) Saving account Interest section 80TTA Total Taxable Income Taxable Income rounded off Income Tax on Total Income Tax credit u/s 87A Income tax after Tax credit Surcharge Income tax including surcharge Education Cess @ 3% Income tax including education cess TDS (Tax deducted at source) Pending Tax Payable Monthly Deductions from salary TDS (Tax deducted at source) Professional Tax Employee's PF Contribution Self/Employee's NPS Contribution VPF (Voluntarily Provident Fund) contribution Deduction for company provided transport Deduction towards State Labour welfare Fund (LWF) Deduction towards company provided Group Term insurance Deduction towards Leave availed Deduction towards company provided medical insurance Other Deductions from Employer Employer's NPS Contribution Employer's PF Contribution In Hand Salary In Hand Salary without reimbursments April 200 10,104 May 200 10,104 June 200 10,104

15,000 9,600 84,204 13,200 48,000 72,000 48,600 2,209,236 2,400 2,206,836 First home loan 2,206,836

135,000 121,248 120,000 376,248

376,248

100,000

25,000 50,000 With Severe Disability Parents above 60 years With Severe Disability Patient Below 65 years

15,000
50,000 -

2,041,836 2,041,840 442,552 442,552 442,552

13,277 455,829 455,829

July 200 10,104

August 200 10,104

September 200 10,104

October 200 10,104

November 200 10,104

December 200 10,104

January 200 10,104

February 200 10,104

March 200 10,104 2,400 121,248 121,248

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

10,104 229,596 210,229

Total Income in this year

3,000,048

ADVANCE TAX SCHEDULE - NOT APPLICABLE FOR SENIOR CITIZENS Total Tax as per Consolidation Sheet: PARTICULARS Payable upto 15th September, 2013 Payable upto 15th December, 2013 Payable upto 15th March, 2014 455,829 % 30% 60% 100% Payable 136,749 273,497 455,829 Paid Difference 136,749 273,497 455,829

ERROR

Savings for Tax

PPF Investments Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Total -

Long Term infra bonds investment Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Total Post Office/Tax saving Bonds investments Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Total Pension Fund (80 CCC) investments Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Total GROSS TOTAL

Children Tution Fees paid -

255,000