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New Sixth PC Arrears and New Pay Calculator


Last updated on 14.08.08 +
Estimated Income Tax for the Year 2008-09
(Based on Pay Commission report approved by Cabinet on 14.08.08)
prepared by GConnect Member Shri. J. Lakshminarayanan, DOS, Central Excise, Salem
See the live calculator at http://www.GConnect.in (for print-out click preview and use print option of your browser)
Name of the officer:

Enter Old Basic Pay as on 1-1-06 2550 DA rate %


Enter New Grade Pay 1300 Jul-2006 0
Enter New HRA rate of your city 30 % Jan-2007 6
Enter Month of Old increment 12 (1 to 12) Jul-2007 12
Enter old Increment amount 200 Jan-2008 18
Now you can change the
Are you staying in quarters No (Yes/No) DA rates
Enter New TA amount 800 (3200/1600/800/400/300)
Enter M for Male / F for Female M (M/F)
Savings under 80C 100000 (up to Rs. 1 lakh)
Chapter VI deductions *** 0
Enter old HRA Rate 15.0 % (30 or 15 or 7.5 or 5)

FIXED GRADE TOTAL DA Total Pay PAY DRAWN Arrears


Jan-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
Feb-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
Mar-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
Apr-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
May-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
Jun-06 4750 1300 6050 0 6050 2550 1275 918 4743 1307
Jul-06 4932 1300 6232 0 6232 2550 1275 1109 4934 1298
Aug-06 4932 1300 6232 0 6232 2550 1275 1109 4934 1298
Sep-06 4932 1300 6232 0 6232 2550 1275 1109 4934 1298
Oct-06 4932 1300 6232 0 6232 2550 1275 1109 4934 1298
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Nov-06 4932 1300 6232 0 6232 2550 1275 1109 4934 1298
Dec-06 4932 1300 6232 0 6232 2750 1375 1196 5321 911
Jan-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
Feb-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
Mar-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
Apr-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
May-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
Jun-07 4932 1300 6232 374 6606 2750 1375 1444 5569 1037
Jul-07 5119 1300 6419 770 7189 2750 1375 1691 5816 1373
Aug-07 5119 1300 6419 770 7189 2750 1375 1691 5816 1373
Sep-07 5119 1300 6419 770 7189 2750 1375 1691 5816 1373
Oct-07 5119 1300 6419 770 7189 2750 1375 1691 5816 1373
Nov-07 5119 1300 6419 770 7189 2750 1375 1691 5816 1373
Dec-07 5119 1300 6419 770 7189 2950 1475 1814 6239 950
Jan-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
Feb-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
Mar-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
Apr-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
May-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
Jun-08 5119 1300 6419 1155 7574 2950 1475 2080 6505 1069
Jul-08 5312 1300 6612 1190 7802 2950 1475 2080 6505 1297
Aug-08 5312 1300 6612 1190 7802 2950 1475 2080 6505 1297
159736 41600 201336 16174 217510 87600 43800 47822 179222 38288
Expected Pay as on April-2008
FIXED GRADE TOTAL DA Total TA HRA GROSS
Expected Pay as on5119
September-2008
1300 6419 1155 7574 944 1926 10444

5312 1300 6612 1190 7802 944 1984


@@ Estimated Total income during the Financial Year 111669
++ Estimated Arrears amount chargeable to Tax 649
Estimated Total income for 2008-09 112318
Less Savings under 80C (upto 1 lakh) 100000
*** Less Chapter-VI deductions 0
Taxable Income 12318
Income Tax 0
Education Cess 0
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Total Income Tax 0

*** (Total of Interest on Housing Loan, Medical Insurance, deductions for Handicapped dependants etc.)
@@ (Total amount of salary for the period from 3/2008 to 2/2009 excluding TA)
++ (50% of the arrears)

Assumptions:

TA was not taken for calculating IT

HRA amount was not excluded

Pay throughout the year is constant viz., Pay of April 2008 is taken as pay for the months from May-2008 to Feb-2009

50% of the Arrears is taken as income during 2008-09, as only 50% is to be disbursed as cash based on PC's report

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