Employee Name Designation Department Taxable Income For The Year 2011-12 Annually TAX Calculation Total Annual

Taxable Income for the Year Tax Rate for the Year Total Tax payable for the Tax year AFTER MARGINAL TAX RELIEF Amount on the maximum of the slab Tax payable on the maximum of the slab marginal increase maximum of the slab Rate of Marginal Relief % Tax Payable on Marginal relief Total Tax Payable Annually Tax Credit / Adjustment For the Year Amount Credits Items Charitable donation Investment in Listed Shares
Contribution to approved pension Fund Annual contribution Interest Paid On loans for purchase or construction of House

Age Profession

1 2

0 0 0 0 0 0 0.0 0 0

0.00

Tax Payable Without Marginal Relief

Rebate Less : Rebate for Senior Citizen Less : Rebate for Senior Teacher With Holding/Tax Credit Adjustment Less: Withholding Taxes Less: Tax Credits

0
0 0 0 0

Withholding Adjustment For the Year Tax Deducted by Employer On telephone bill Along with motor vehicle Tax On cash withdrawals from banks On registration of new Car/Jeep Tax Calculation For Motor Vehicle Usage of Motor Vehicle 1 Cost of Motor Vehicle Vehicle used by employee from 1 FALSE 1 to
If Yes

This amount shell be added employee's taxable income Tax Calculation For Interest Free Loan No. of Installment 1 Bench Mark Rate Taxable Amount 1 1
IF Yes

TAX REFUNDABLE

0
Loan Amount Interest Rate

Loan Received on 12

IF Yes

Tax Calculation for services of a housekeeper, driver, gardener or other domestic assistant.

IF Yes

Tax Calculation for services of a housekeeper, driver, gardener or other domestic assistant. from from from 1 1 1 to to to 12 12 12 12

11 22 13

from 1 to 14 This amount shell be added employee's taxable income

Male Female Under 60 Years Over 60

r Credit 0 0 0 0

Salary means any amount received by an employee from any employment, whether of a revenue or capital nature, including (a) any pay, wages or other remuneration provided to an employee, including leave pay, payment in lieu of Teacher / Researcher Others leave, overtime payment, bonus, commission, fees, gratuity or work condition supplements (such as for unpleasant or dangerous working conditions); (b) any perquisite, whether convertible to money or not; (c) the amount of any allowance provided by an employer to an employee including a cost of living, subsistence, rent, utilities, education, entertainment or travel allowance, but shall not include any allowance solely expended in the performance of the employees duties of employment; (d) the amount of any expenditure incurred by an employee that is paid or reimbursed by the employer, other than expenditure incurred on behalf of the employer in the performance of the employees duties of employment;

If Yes

5% 12 0

Office & Private Only Private 12 Value of Motor Monthly rent paid

0% 1% July, 2011 2% August, 2011 3% 4% 5% 6% 7% September, 2011 October, 2011 November, 2011 December, 2011 January, 2012

IF Yes

11% 0

FALSE 0 0 0 0 0 0

8% February, 2012 9% March, 2012 10% April, 2012 Housekeeper 11% May, 2012

Monthly salary paid by employer

FALSE

Monthly salary paid by employer

Driver 12 12 12 12 0 Gardner 0 Other 0 0 0

June, 2012

1 2 3 4 5 6 7 8 9 10 11 12

0 1 2 3 4 5 6 7 8 9 10 11

From

Income Tax Slab Rates Up to Tax Rate % 0 350,000

400,000 450,000 550,000 650,000 750,000 900,000 1,050,000 1,200,000 1,450,000 1,700,000 1,950,000 2,250,000 2,850,000 3,550,000 4,550,000

Marginal Relief
Rate

0 1.5 2.5 3.5 4.5 6 7.5 9 10 11 12.5 14 15 16 17.5 18.5 20

350,001 400,001 450,001 550,001 650,001 750,001 900,001 1,050,001 1,200,001 1,450,001 1,700,001 1,950,001 2,250,001 2,850,001 3,550,001 4,550,001

20 30 40 50 60

Marginal Relief
Amount

550000 Upto 1050000 Upto 2250000 Upto 4550000 Upto 4550000 Exceed