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Tax Calculator 2012-13
Tax Calculator 2012-13
Gross Annual Income/Salary (with all allowances) Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption City of Residence Basic Salary (Basic+DA) Rent Paid H.R.A received (II) Conveyance allowances(Max Rs.800/-p.m) (iii) Any Other Exempted Receipts/ allowances (iv) Professional Tax
1,272,972 191,862
M
Income under the head salaries Add: Any other income from other sources
1. Interest received from following Investments a. Bank ( Saving /FD /Rec ) b. N.S.C.(accrued/ Recd ) c. Post Ofice M.I.S (6 yrs.) d. Post Office Recring Deposit (5 yrs.) e. Term Deposit (1 to 5 yrs.) f. Saving Bonds (6yrs.) g. Kishan Vikas patra 2. Any Other Income 3. Any Other Income
Gross Total Income Less: Deduction under Sec 80C (Max Rs.1,00,000/-)
a. PF&VPF Contribution b. Life Insurance premiums c. PPF a/c Contribution d. N.S.C (Investment +accrued Int first five year) e. Housing. Loan (Principal Repayment ) f. Tuition fees for 2 children g. E.L.S.S(Mutual Fund) h. Tax Savings Bonds I. FD (5 Years and above) j. 80 ccc Pension Plan
tax clculator C. 80 D Medical Insurance premiums (for Parents) d. 80 E Int Paid on Education Loan e. 80G Donation to approved fund f. Any other
0 18,000 0 0
Total Income
Total Tax Payable Add; Edn Cess @ 3%
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tax clculator
1,272,972 -191,862
1,081,110 0
-18,000
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tax clculator
95,608
8%
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