http://www.PankajBatra.

com
Tax Calculator F.Y. 2010-11
Gender Male
Place of Residence Metro City
Age 21
Number of children 0
Salary Breakup Investment & April May June July August September October NovemberDecember January February March Total
Bills Details
Basic Salary 1,500 1,500 1,500 1,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 82,000
House Rent Allowance (HRA) -
Transport Allowance -
Child Education Allowance -
Grade/Special/Management Allowance -
Arrears -
Gratuity -
Leave Travel Allowance (LTA) -
Leave Encashment -
Performance Incentive/Bonus -
Medical Reimbursement -
Food Coupons -
Periodical Journals -
Telephone Reimbursements -
Car Reimbursement -
Internet Expense -
Driver Salary -
Gifts From Non-Relatives -
Gifts From Relatives -
House Rent Income -
TOTAL INCOME 1,500 1,500 1,500 1,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 82,000

Exemptions
Actual Rent paid as per rent receipts -
HRA Exemption - - - - - - - - - - - - -

Non-Taxable Allowances
Child Education Allowance - -
Medical Reimbursement - -
Transport Allowance - -
LTA - -
Food Coupons -
Periodical Journals -
Telephone Reimbursement -
Car Expenses Reimbursement -
Internet expense -
Driver Salary -
Other Reimbursement -
Balance Salary 82,000
Professional Tax -
Net Taxable Salary 82,000
House and Loan Status On loan and Self Occupied
Home Loan Interest Component -
Any other Income 105,000 105,000
Gross Total Income 187,000

Deductions under chapter VIA

Insurance Premium/ULIP 6,542
Employee's contribution to PF -
PPF
ELSS, Mutual Fund
NSC/NSS/SCSS/Post Office Deposit -
Tution Fees paid -
Housing Loan Principal repayment -
Fixed Deposit for 5 yrs. or more -
Other Eligible Investments -
Total of Section 80C 6,542
Pension Fund (80 CCC)
Total Deduction under Section 80C & 80CCC 6,542 6,542

80D (Medical insurance premium, Self/Family) -

80D (Medical insurance premium, Parents)
80E (Interest on Loan for Higher Education)
80U (Handicapped person)
Donations - 80G (100 % deductions)
Donations - 80G (50 % deductions)
Long Term Infrastructure Bonds
-
- -
- -
- -
- -
-

Total Income 180,458

Total Income rounded off 180,460

Tax on Total Income 2,046

Surcharge -
Tax Payable 2,046
Education Cess @ 3% 61
Balance 2,107
TDS -
Net Tax Payable 2,107

Monthly Deductions from salary April May June July August September October November December January February March
TDS -
Professional Tax -
Employee's PF Contribution -
Others deductions (transport etc.) -
Employer's PF Contribution -

In Hand 1,500.00 1,500.00 1,500.00 1,500.00 9,500.00 9,500.00 9,500.00 9,500.00 9,500.00 9,500.00 9,500.00 9,500.00

ADVANCE TAX SCHEDULE

Total Tax as per Consolidation Sheet: 2,107

PARTICULARS % PAYABLE PAID DIFFERENCE

Payable upto 15th June, 2010 15% 316 - 316
Payable upto 15th September, 2010 30% 632 - 632
Payable upto 15th December, 2010 60% 1,264 - 1,264
Payable upto 15th March, 2011 100% 2,107 - 2,107