INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2

Instructions :
1.Please enter gross annual figures. 2. Please enter values in Highlighted cells only.

DISCLAIMER : This calculator is to help you find out your personal indecative total tax liability. Efforts have been made to cover most of th are advised to consult any qualified chartered accountant or tax consultant to know your actual Tax Liability.

Assessee Type you are Male or Female (<65 years of age) Specify whether or Sr. Citizen Components of Salary A.1 Basic Salary A.2 House Rent Allowance A.3 Transport Allowance A.4 Medical Reimbursement A.5 Leave Travel Allowance (LTA) A.6 Special Allowance A.7 Bonus A.8 Other Allowances Gross Salary (A) Exemptions/Deductions B.1 House Rent Exemption Annual Rent Paid Assessee Residing in I) 40% of Basic Salary ii) Actual HRA Received iii) Rent Paid minus 10% of Basic Salary Total House Rent Exemption B.2 Transport Allowance B.3 Medical Reimbursement Total (B) Gross Taxable Salary Income (A-B) Income from Housing Reliefe on Interest paid on Housing Loan Any other Income Gross Total Income Deduction under Chapter VIA

Male Annual Amount Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0

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Maximim Limit Rs.0 Other Cities Rs.0 Rs.0 Rs.0

Rs.0

Rs.9,600 Rs.15,000

Rs.150,000

Under Section The following tax saving investments may be considered for computation of income tax deduction at source for Deduction u/s 80D to 80U U/Sec 80D(2A) C.1 family Insurance Premium - for the parent or parents Medical of the assessee Parents are NOT Sr. U/Sec 80D(2B) citizen C.2

C.3 Expenditure on Handicapped Dependents / Deposits made with LIC, etc. for maintenance of handicapped Disability Percentage of the Handicapped Dependents Less than 80% disability U/Sec 80DD C.4 Exp. likely to be incurred on specified disease or ailment (Cancer/AIDS etc.) Exp incurred on senior citizen No U/Sec 80DDB C.5 (in case of disability Self Disability Percentage Interest on Education Loan (for self education) from Charitiable or Financial Institution. (No Limit) Total Deduction u/s 80D to 80U C.6

Less than 80% disability U/Sec 80 U

U/Sec 80E

Investments under Sections 80C & 80CCC qualifying for contribution w.r.t Rs.1 Lac or Rs.1.2 Lac Self Contribution in Provident Fund. Assessee's rate of PF deductions upto U/Sec 80C D.1 Basic Salary is @ U/Sec 80C D.2 Voluntary Contribution Provident Fund D.3 INVESTMENT IN PENSION SCHEME D.4 HOUSING LOAN PRINCIPAL REPAYMENT D.5 PUBLIC PROVIDENT FUND (PPF) D.6 LIFE INSURANCE PREMIUM PAID D.7 UNIT LINKED INSURANCE PLANS D.8 NSC-NATIONAL SAVING CERTIFICATE D.9 DEPOSIT IN NATIONAL SAVING SCHEME (NSS) D.10 INFRASTRUCTURE INVESTMENT in approved BONDS D.11 MUTUALLINK SAVING SCHEME(ELSS) Mutual Funds notified under SECTION EQUITY FUNDS notified under SECTION 10(23D) D.12 10(23D) TERM DEPOSIT with a SCH.Bank in a notified Scheme for a term not less D.13 than 5 years. PAID (Only full time education tution fees paid to any Indian Univ, College, TUTION FEES D.14 School) D.15 SENIOR CITIZENS SAVINGS SCHEME Rules, 2004 D.16 POST OFFICE TIME DEPOSIT Rules, 1981 for a term not less than 5 years Total Deduction u/s 80C and 80CCC Total Deduction under Chapter VIA Net Total Taxable Income Tax on Total Income Add Surcharge Add Education Cess U/Sec 80 CCC U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C

Total Tax Payable in respective Financial Years Total Tax Savings in FY-10-11 with respect to Tax Payable in FY-09-10

R FINANCIAL YEAR 2010-11

ve been made to cover most of the scenarios of Income, Exemptions, Deductions, etc. However, you lity.

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Assessee Type Male Female Sr. Citizen

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U/Sec 10(13A)

Rs.0

Rs.0

Rs.0 Rs.0

Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0

U/S 24(1)(Vi)

Rs.0 Rs.0 Rs.0

FY-09-10

FY-10-11

Actual Amount Maximim Limit Eligible Amount Maximim Limit Eligible Amount tax deduction at source for the financial year. Rs.0 Rs.0 Rs.15,000 Rs.15,000 Rs.0 Rs.0 Rs.15,000 Rs.15,000 Rs.0 Rs.0

aintenance of handicapped Dependents Rs.0 Rs.50,000

Rs.0

Rs.50,000

Rs.0

Rs.0

Rs.40,000

Rs.0

Rs.40,000

Rs.0

Rs.0

Rs.50,000

Rs.0

Rs.50,000

Rs.0

Rs.0

No Limit

Rs.0 Rs.0

No Limit

Rs.0 Rs.0

s.1 Lac or Rs.1.2 Lac Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0

12% Rs.10,000

Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0

12% Rs.10,000

Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0

Rs.0 Rs.0

Rs.0 0.00%

Resident of Chennai Delhi Kolkata Mumbai Other Cities Assessee's Rate Applied Assessee Type Applied

HRA Basic Salary Relief Rate

Disability Percentage for Sec 80DD and 80 50 Less than 80% disability 50 More than 80% disability 50 50 40

40 Male

entage for Sec 80DD and 80U