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  • Tax Calculator 2010-11

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    Syam Reddy
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    The document contains income tax calculations for the 2010-11 fiscal year for individuals and HUFs with a net taxable income of 500,000 rupees. It provides the basic tax due, cess, and total tax due for a male under 65 (34,000 rupees), a female under 65 (31,000 rupees), and a senior citizen over 65 (26,000 rupees). It also shows the tax savings from the 2010 budget (20,600 rupees in each case).

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    Tax calculator 2010-11 (1)

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    The document contains income tax calculations for the 2010-11 fiscal year for individuals and HUFs with a net taxable income of 500,000 rupees. It provides the basic tax due, cess, and total tax due for a male under 65 (34,000 rupees), a female under 65 (31,000 rupees), and a senior citizen over 65 (26,000 rupees). It also shows the tax savings from the 2010 budget (20,600 rupees in each case).

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views4 pages

    Tax Calculator 2010-11

    Uploaded by

    Syam Reddy
    The document contains income tax calculations for the 2010-11 fiscal year for individuals and HUFs with a net taxable income of 500,000 rupees. It provides the basic tax due, cess, and total tax due for a male under 65 (34,000 rupees), a female under 65 (31,000 rupees), and a senior citizen over 65 (26,000 rupees). It also shows the tax savings from the 2010 budget (20,600 rupees in each case).

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    2010_11FY

    INCOME TAX CALCULATOR FOR INDIVIDUAL AND HUF


    THE CALCULATOR AFTER BUDGET 26-02-2010
    (F.YEAR 2010-11)Fill only one yellow cell
    NET TAXABLE INCOME FOR F.YEAR 2010-11 500000
    R.OFF TO MULTIPLE OF 10 500000
    SIMPLE TAX INDIA
    MALE<65 & FEMALE SR. CITI
    TAX DETAILS HUF <65 AGE >65
    BASIC TAX DUE 34000 31000 26000
    CESS 1020 930 780
    TAX DUE AFTER BUDGET 35020 31930 26780
    TAX DUE BEFORE BUDGET 55620 52530 47380
    SAVING FROM BUDGET 20600 20600 20600
    SEE DETAILS IN CASE-1 CASE-2 CASE-3

    TAX LIBILITY IF YOU ARE MALE AND AGE<65(CASE-1) & HUF


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 160000 NIL
    160001-500000 10% 340000 34000
    500001-800000 20% 0 0
    MORE THAN 800000 30% 0 0
    BASIC TAX 34000
    ADD:E.CESS(2%) AND SHC(1%) 1020
    TOTAL TAX DUE(R.OFF IN RS) 35020

    TAX LIBILITY IF YOU ARE FEMALE AND AGE<65(CASE-2)


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 190000 NIL

    Page 1
    2010_11FY

    190001-500000 10% 310000 31000


    500001-800000 20% 0 0
    MORE THAN 500000 30% 0 0
    BASIC TAX 31000
    ADD:E.CESS(2%) AND SHC(1%) 930
    TOTAL TAX DUE(R.OFF IN RS) 31930

    TAX LIBILITY IF YOUR AGE<65 IN FY 2010-10(CASE-3)


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 240000 NIL
    240001-300000 10% 260000 26000
    500001-800000 20% 0 0
    MORE THAN 800000 30% 0 0
    BASIC TAX 26000
    ADD:E.CESS(2%) AND SHC(1%) 780
    TOTAL TAX DUE(R.OFF IN RS) 26780

    Page 2
    FY 2009_10

    INCOME TAX CALCULATOR FOR INDIVIDUAL AND HUF


    THE CALCULATOR AFTER BUDGET 06.07.2009
    (F.YEAR 2009-10)Fill only one yellow cell
    NET TAXABLE INCOME FOR F.YEAR 2009-10 1100000
    R.OFF TO MULTIPLE OF 10 1100000
    SIMPLE TAX INDIA
    MALE<65 & FEMALE SR. CITI
    TAX DETAILS HUF <65 AGE >65
    BASIC TAX DUE 234000 231000 226000
    CESS 7020 6930 6780
    Tax Due 241020 237930 232780
    SEE DETAILS IN CASE-1 CASE-2 CASE-3

    TAX LIBILITY IF YOU ARE MALE AND AGE<65(CASE-1) & HUF


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 160000 NIL
    160001-300000 10% 140000 14000
    300001-500000 20% 200000 40000
    MORE THAN 500000 30% 600000 180000
    BASIC TAX 234000
    ADD:E.CESS(2%) AND SHC(1%) 7020
    TOTAL TAX DUE(R.OFF IN RS) 241020

    TAX LIBILITY IF YOU ARE FEMALE AND AGE<65(CASE-2)


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 190000 NIL
    190001-300000 10% 110000 11000
    300001-500000 20% 200000 40000

    Page 1
    FY 2009_10

    MORE THAN 500000 30% 600000 180000


    BASIC TAX 231000
    ADD:E.CESS(2%) AND SHC(1%) 6930
    TOTAL TAX DUE(R.OFF IN RS) 237930

    TAX LIBILITY IF YOUR AGE<65 IN FY 2009-10(CASE-3)


    SLABS RATE AMOUNT TAX DUE
    (A) (B) (A)*(B)
    UPTO 240000 NIL
    240001-300000 10% 60000 6000
    300001-500000 20% 200000 40000
    MORE THAN 500000 30% 600000 180000
    BASIC TAX 226000
    ADD:E.CESS(2%) AND SHC(1%) 6780
    TOTAL TAX DUE(R.OFF IN RS) 232780

    Page 2

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