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Income Tax Calculator 2009-10 Demo Version

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Best Income Tax calculator with accurate IT amount which can be done with in 3 mins per employee. A very good presentation
17
Name xyz A1 or X 0.00 17880.00 Designation: PEX A1 or A 0.00 PLI 0.00 20280.00 GPF - per month 7500.00 0.00 12000.00 B Hon. Amount 2500.00 12000.00 Grade Pay 4800.00 Month Amount 95537.00 135.00 Personal Pay: 0.00 24000.00 Physically handicapped ? Yes Special Pay: 400.00 0.00 No Washing Allowance: 0.00 Month Amount 0.00 0.00 0.00 27% 0.00 city classification - HRA: OTA for the year 2009-10: LIC,other insurances except PLI City classification TR.ALL: Taxable med. Reimbursement amount: Pay in Pay band (as on 01-03-09) Bonus for the year 2008-09: Tution Fee: a) First Child: -u/s 80 C Group:(For CGEIS contribution) change in GPF contribution if any. b) Second Child: - u/s 80 C 60% Arrears Amount: Professional Tax : Per month: Total Edu. Rem. Amt: further change in GPF contribution if any LTC - Leave encashment Are you a female employee? Income tax paid till date: other allowance if any -1 ( except HRA,TR.ALL.) other allowance if any - 2 (except HRA,TR.ALL.) DA % as on 01- 07-09 other allowance if any - 3 ( except HRA,TR.ALL.)
Transcript
Page 1: Income Tax Calculator 2009-10 Demo Version

Name xyz A1 or X 0.00 17880.00

Designation: PEX A1 or A 0.00 PLI 0.00

20280.00 GPF - per month 7500.00 0.00 12000.00

B Hon. Amount 2500.00 b) Second Child: - u/s 80 C 12000.00

Grade Pay 4800.00 Month Amount 95537.00 135.00

Personal Pay: 0.00 24000.00 Physically handicapped ? Yes

Special Pay: 400.00 0.00 Are you a female employee? No

Washing Allowance: 0.00 Month Amount Income tax paid till date: 0.00

0.00

0.00 27%

0.00

city classification - HRA:

OTA for the year 2009-10:

LIC,other insurances except PLI

City classification TR.ALL:

Taxable med. Reimbursement amount:

Pay in Pay band (as on 01-03-09)

Bonus for the year 2008-09:

Tution Fee: a) First Child: -u/s 80 C

Group:(For CGEIS contribution)

change in GPF contribution if any.

60% Arrears Amount:

Professional Tax : Per month:

Total Edu. Rem. Amt:

further change in GPF contribution if any

LTC - Leave encashment

other allowance if any -1 ( except HRA,TR.ALL.)

other allowance if any - 2 (except HRA,TR.ALL.)

DA % as on 01-07-09

other allowance if any - 3 ( except HRA,TR.ALL.)

H1
LIC, other insurances except PLI ( Total premium paid) (max. premium amount restricted to 20% of sum assured) - u/s 80 c
H2
PLI (Total premium paid)(max. premium amount restricted to 20% of sum assured) - u/s/ 80 c
H3
Tutition Fee: (except capitation fee, donation fee )
H4
Tutition Fee: (except capitation fee, donation fee )
F6
Children Educational reimbursement - Enter total reimbursed amount of all children
Page 2: Income Tax Calculator 2009-10 Demo Version

15000.00 0.00 Deposits made

0.00 0.00 0.00 0.00

0.00 Not taken 0.00 NSC (accurd/Recd.) 0.00

ii) 50% 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

U/S.80 U 50000.00 Loan date 0.00 0.00

0.00 Living in own house? No OTHERS(IF ANY, SPECIFY) 0.00

0.00 11500.00 a) 0.00 Kisan vikas pathra 0.00

0.00 Living in Metro ? Yes any other income 0.00

u/s 80D- i) Medical insurance taken for family

HOUSING LOAN (PRINCIPAL amount)

interest received from investments:

Medical insur. ii) taken for Senior citizen of family

HBA Interest claimed by the employee (Enter the actual amount)

NSC(Investment + accured interest for first 5 years)

Bank (Savings/FD/Rec)

U/S.80 G i) 100%

if housing loan taken, whether it is self occupied or rented or not rented?

Mutual funds/Tax saving bonds

if rented, enter gross annual value or Fair rent or the total rent amount for the year which ever is higher

Fixed Deposit:(5 years and above)

Post office MIS ( 6 years)

U/S.80E(Interest on Educational Loan)

if rented, enter municipal tax amount paid, if any

PENSION FUND

Post office recuring Deposit(5 years)

80CCC Pension plan

Term Deposits ( 1 to 5 years)

u/s 80CCD(Contribution to pension scheme )

Saving Bonds ( 6 years)

u/s 80DD(Medical for handicapped dependents)

House Rent Receipt amount(per month):

F) Rebate under section 89(1)

J1
Family means self, wife or husband, sons, Daughters, parents.enter the actual amount. Senior citizens not included
J2
only for senior citizen of family Enter the actual amount
J3
U//S 80 G Donations i) 100% (Enter actual amount) refer 80G sheet
J4
U//S 80 G Donations 50% (Enter actual amount) refer 80 G sheet
L5
if housing loan taken and rented,enter the tax paid amount towards municipal tax, if any
J6
Blind / MRP/PH - Enter Rs.50000 for mild & Rs. 75000 for severe
L6
Whether housing loan was taken before 1st April 1999 or on or after 1st april 1999 ?
J7
contribution made by employees to pension scheme who joined on or after 01-01-04(max. 10% of salary)
J8
i) rebate for any expenditure for the medical treatment, training and rehabilitation of a disabled dependant ii) deposit in LIC,etc up to 50000 for mild and 100000 for severe
Page 3: Income Tax Calculator 2009-10 Demo Version

INCOME TAX CALCULATION SHEET IN RESPECT OF SHRI/SMT. xyz PEX

INCOME TAX CALCULATION FOR THE FINANCIAL YEAR 2009-10 (Assesment year 2010-11)TAXABLE GROSS SALARY INCOME: Amount Deduction TotalAnnual Gross Income: 533362.00Arrears Amount: 95537.00 Total: 628899.00 628899.00Are you a phyiscally handicapped person? Yes

-19200 -19200.00

Whether living in Own house or not: NoLiving in Metro ? YesLiving in Quarters ? NoActual Rent Paid per month: 11500.00

i) Actual HRA received. 92112.00ii) Rent paid minus 10% of salary: 99206.00iii) Residing in metro city - 50% of salary 193969.00 -92112.00 -92112.00Less:Washing Allowance if any: 0.00 0.00

Not taken

0

House Loan interest rebate claimed by employee if any: 0.00If self occupied:

0.00 0.00 0.00

If rented or not rented:0.00

Municipal TAX paid if any - B 0.00Net Annual value A - B 0.0030% of Net annual value(for maintanance, etc) - C 0.00Gross Total: Net annual value minus C 0.00Interest on housing loan taken if any: D 0.00Net loss / Gain if any(C-D): 0.00 0.00Less: Professional Tax (u/s 16) -1620 -1620.00Other Income for the year 2008-09 :

OTA for the year 2009-10: 0.00Bonus for the year 2008-09: 0.00

Hon. Amount for the year 2009-10: 2500.00Children Educational reimbursement for the year 2009-10: 24000.00

Amount / Interest received from:a) Bank (Savings/FD/Rec) 0.00

b) NSC (accurd/Recd.) 0.00c) Post office MIS ( 6 years) 0.00

d) Post office recuring Deposit(5 years) 0.00e) Term Deposits ( 1 to 5 years) 0.00

f) Saving Bonds ( 6 years) 0.00g) Kisan vikas pathra 0.00

LTC - Leave encashment availed: 0.00Taxable medical reimbursement: 0.00

any Other Income: 0.00Sub Total: 26500.00 26500.00Gross Annual income: 542467.00

Less: Maximum Rebate on Transport allowance: up to Rs.800/- per month, for handicapped up to Rs.1600/- per month) - u/s 10

the least amount of the following three descriptions should be taken for deduction.( U/S. 10(13A) & RULE 2A)

If housing loan taken whether it is self occupied or rented or not rented ?whether the housing loan taken before 01-04-09 or on or after 01-04-09:(If housing loan taken and rebate claimed)

Less: Interest on HBA (u/s 24) ( max.of Rs.150000/- if taken after 01-04-1999, or max. of. Rs.30000/-)

Gross Annual value or Fair rent or annual rent received, which ever is higher - A

Page 4: Income Tax Calculator 2009-10 Demo Version

B/f 542467.00Deductions under 80 C ( Chapter VI - A)GPF/CPF including additional GPF if any 90000.00CGEIS 720.00INSURANCE - LIC, etc. 17880.00INSURANCE - PLI 0.00PENSION FUND 0.00TUTION FEES (maximum of two children) Children - 1 12000.00Children - 2 12000.00HBA PRINCIPAL 0.00NSC(Investment + accured interest for first 5 years) 0.00Mutual funds/Tax saving bonds 0.0080CCC Pension plan 0.00Fixed Deposit:(5 years and above) 0.00u/s 80CCD 0.00OTHERS(IF ANY, SPECIFY)a) 0.00Total Deduction: (Restricted to Rs. 1,00,000/-) 132600.00 -100000.00 -100000.00Gross Annual income: 442467.00DEDUCTION UNDER CHAPTER VI-AMEDICAL INSURANCE U/S.80 D

15000.00

For Senior Citizens in family: (Maximum of Rs.20,000) 0.00U/S.80E(INT ON EDU LOAN) 0.00U/S.80 G DONATIONS

100% 0.0050% 0.00

50000.00

u/s 80DD(Medical for handicapped dependents) 0.00Rebate under Section 89(1) 0.00Total Deduction: 65000.00 -65000.00 -65000.00

Are you a female employee? NoTaxable Income: 377467.00Taxable income rounded to Rs.10 377470.00

INCOME TAX CALCULATIONFor Male Employee: Taxable amount TaxAT THE RATE OF 0 % up to 1,60,000/- 160000.00 0.00AT THE RATE OF 10 % from Rs. 1,60,001 to Rs. 3,00,000/- 140000.00 14000.00AT THE RATE OF 20 % from Rs.3,00,001/- to Rs.5,00,000/- 77470.00 15494.00AT THE RATE OF 30 % from 5,00,001/- onwards 0.00 0.00For Female Employee:AT THE RATE OF 0 % up to 1,90,000/- 0.00 0.00AT THE RATE OF 10 % from Rs. 1,90,001 to Rs. 3,00,000/- 0.00 0.00AT THE RATE OF 20 % from Rs.3,00,001/- to Rs.5,00,000/- 0.00 0.00AT THE RATE OF 30 % from 5,00,001/- onwards 0.00 0.00Total Tax payable: 29494.00EDU. CESS @ 2% 590.00SEC. HIG EDU. CESS @ 1% 295.00Total: 30379.00Tax rounded to Rs.10 30380.00Income tax deducted already: 0.00Net Income Tax: 30380.00

Software preapred by:saigsolution, E-1, Arjun Flats, 9, Sabari Salai, Madipakkam, Chennai- 600091mail: saigsolution@ gmail.comPhone: Chennai: 9600129959

For self and family except senior citizen( (Maximum of Rs. 15,000)

U/S.80 U BLIND/MRP/PH (Rs.50,000 for mild & Rs.75,000 for severe)

Page 5: Income Tax Calculator 2009-10 Demo Version
Page 6: Income Tax Calculator 2009-10 Demo Version

iii) Residing in metro cA

B

0.00 No

CD

E

FG

HI=(A+B+C+D+E+F+G+H)

I14
if housing loan taken and rented,enter the tax paid amount towards municipal tax, if any
Page 7: Income Tax Calculator 2009-10 Demo Version

377470.00 160000.00 217470.00 377470.00 0.00217470.00 140000.00 77470.00-82530.00 200000.00 -282530.00

-582530.00 300000.00 -882530.00

0.00 190000.00 -190000.00 0.00-190000.00 110000.00 -300000.00

J -300000.00 200000.00 -500000.00K(I+J) -500000.00 300000.00 -800000.00

Page 8: Income Tax Calculator 2009-10 Demo Version

iii) Residing in metro c Yes iii) Residing in metro city - 50% of salaryiii) Residing in non metro city - 40% of salary 0.00

3.00 0.000.00 0.00

150000.00 0.000.00

Page 9: Income Tax Calculator 2009-10 Demo Version

A1 or X

Page 10: Income Tax Calculator 2009-10 Demo Version

Name: xyz PEX 0% 0.05 DA: w.e.f 01-03-09 22% HRA: 30%

Income details:

DA: w.e.f 01-07-09 27% 3200

Month and Year: Grade Pay HRA DA Tr. Al S.P P.P W. Al.

Mar-09 20280 4800 7524 4013 3712 400 0 0 0 0 0 407290 0 0 4515 576 0 0 0 0 0 0 5091

Apr-09 20280 4800 7524 5518 3904 400 0 0 0 0 0 42426May-09 20280 4800 7524 5518 3904 400 0 0 0 0 0 42426 ###Jun-09 20280 4800 7524 5518 3904 400 0 0 0 0 0 42426 ###Jul-09 21040 4800 7752 5685 3904 400 0 0 0 0 0 43581 ###

Aug-09 21040 4800 7752 5685 3904 400 0 0 0 0 0 43581Sep-09 21040 4800 7752 5685 3904 400 0 0 0 0 0 43581

0 0 0 3876 480 0 0 0 0 0 0 4356

Oct-09 21040 4800 7752 6977 4064 400 0 0 0 0 0 45033 ###Nov-09 21040 4800 7752 6977 4064 400 0 0 0 0 0 45033Dec-09 21040 4800 7752 6977 4064 400 0 0 0 0 0 45033Jan-10 21040 4800 7752 6977 4064 400 0 0 0 0 0 45033Feb-10 21040 4800 7752 6977 4064 400 0 0 0 0 0 45033

Total: 249440 57600 92112 80898 48512 4800 0 0 0 0 0 533362 533362.00Deduction details: HRA exemption calculation: ###

Month GPF CGEIS Prof. TAX Rent receipt per month: 11500 Month Amount

Mar 7500 60 135 Rent paid for 12 months 138000 Apr 2762

Apr 7500 60 135 Living in Metro Yes May 2762

May 7500 60 135 Salary(Pay Band + Grade Pay + DA) 387938 Jun 2762

Jun 7500 60 135 Jul 2762Jul 7500 60 135 10% of Salary 38794 Aug 2762

Aug 7500 60 135 Rent paid minus 10% of salary 99206 Sep 2762

Sep 7500 60 135 iii) Residing in metro city - 50% of salary 193969 Oct 2762 ###Oct 7500 60 135 HRA received: 92112 Nov 2762 ###Nov 7500 60 135 Dec 2762Dec 7500 60 135 exempted amount of HRA: 92112 Jan 2762Jan 7500 60 135 Feb 2760Feb 7500 60 135

Tr. All. Rebate: 19200 30380.00 0.00 30380.00

Total: 90000 720 1620

Tr.All with out DA:

Pay in Pay band

Other Allowances / Pay 1

Other Allowances / Pay 2

Other Allowances / Pay3

monthwise total

DA/ DA on TA arrears paid in Apr:

DA / DA on TA arrears paid in Oct:

I.T deduction to be made - month wise

Total Tax to be deducted

Deducted

Net tax to be deducted

Page 11: Income Tax Calculator 2009-10 Demo Version
S11
if housing loan taken, enter, whether it is self occupied or rented or not rented
Page 12: Income Tax Calculator 2009-10 Demo Version

A1 or A

800 Grade Pay 4800 A 20280

1600 1600800 800

1600

TR.Allowance

Page 13: Income Tax Calculator 2009-10 Demo Version

92112

Page 14: Income Tax Calculator 2009-10 Demo Version

MOST IMPORTANT POINTS:

1

2

3

4

5

6

6

7

8

Page 15: Income Tax Calculator 2009-10 Demo Version

MOST IMPORTANT POINTS:

YEARLY UPGRADATION WILL BE MADE JUST FOR RS.500 PER YEAR

go to calculation sheet and print page 1 and 2 only

go to manual modification sheet and print page 1

ADDRESS: SAI G SOLUTION, E-1, ARJUN FLATS, 9, SABARI SALAI, MADIPAKKAM, CHENNAI

TAMILNADU-600091. E MAIL ID: [email protected]. Phone: 9600129959

THIS IS A DEMO VERSION. YOU CAN ENTER ALL COLUMNS EXCEPT PAY BAND AND GRADE PAY TO FIND OUT HOW IT WORKS. YOU CAN PREPARE IT CALCULATION WITHIN 3 MINS. PER

EMPLOYEE BY USING ORIGINAL SOFTWARE

THE ORIGINAL SOFTWARE IS AVAILABLE FOR Rs. 1500/- WITH AUTOMATIC GENERATION OF FORM 16 (NEW FORM 16). THE SOFTWARE WILL BE SEND TO YOU BY E-MAIL IMMEDIATELY.

DETAILS OF 80C, 80D, 80 G, ETC. ALSO AVAILABLE WITH ORIGINAL SOFTWARE

EVEN MANUAL MODIFICATION OF DATA IS REQUIRED, THAT CAN BE DONE IN ORIGINAL VERSION

THIS IS THE ACCURATE SOFTWARE WHICH CAN BE USED BY ALL CENTRAL GOVERNMENT OFFICES. PRIVATE COMPANY SPECIFIC SOFTWARE IS ALSO AVAILABLE FOR Rs.1500/-

FOR INDIVIDUALS, WHO WANTED TO AVOID EXCESS DEDUCTION OF INCOME TAX IN OFFICE, THEY CAN GET THEIR COMPLETE IT DEDUCTION DETAILS WITH EXACT IT AMOUNT PAYABLE. ALL STATEMENTS WILL BE SEND TO EACH INDIVIDUAL THROUGH E-MAIL BY PAYING JUST RS.200. OUR EMAIL ID IS: [email protected] Phone: (Chennai)- 96001 29959. YOU CAN EVEN MESSAGE BY TYPING "IT REQUEST AND YOUR PHONE NO. " WE WILL CALL YOU BACK


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