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Income Tax Calculator F.Y. 2011-12 (AY 2012-13)
Gender Place of Residence Age Number of children
Salary Breakup

Male Non-Metro City 30 0

April 12,790 5,116 1,190 5,800 May 12,790 5,116 1,190 5,800 June 12,790 5,116 1,190 5,800 July 15,040 6,016 1,525 10,650 August 15,040 6,016 1,525 10,650 September 15,040 6,016 1,525 10,650 October 15,040 6,016 1,525 10,650 November 14,500 7,373 800 24,500 December 14,500 7,373 800 24,500 January 14,500 7,373 800 24,500 February 14,500 7,373 800 24,500 March 14,500 7,373 800 24,500 Total 171,030 76,277 13,670 182,500 615 1,066 4,000 1,066 500 615 1,066 4,000 1,066 500 615 1,066 4,000 1,066 500 1,254 500 1,254 500 1,254 500 1,254 500 1,254 1,254 1,254 1,254 1,254 723 1,254 723 1,254 723 1,254 723 1,254 700 700 700 700 700 8,237 8,214 12,000 14,484 3,500 32,143 32,143 32,143 36,962 36,962 36,962 36,962 49,127 49,127 49,127 49,127 49,127 489,912

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Basic Salary House Rent Allowance (HRA) Dearness allowance (DA) Transport/Conveyence Allowance Child Education Allowance Grade/Special/Management/Supplemementary Allowance City Compensatory Allowance (CCA) Arrears Gratuity Leave Travel Allowance (LTA) Leave Encashment Performance Incentive/Bonus Medical Reimbursement Food Coupons Periodical Journals Uniform/Dress Allowance Telephone Reimbursements Car Reimbursement Internet Expense Driver Salary Gifts From Non-Relatives Gifts From Relatives Agricultural Income House Rent Income (income from house property) Other income (Bank account/NSC/Post Office/SCSS Interest) Short Term Gains from Share Trading/Equity MFs Long Term Gains from Share Trading/Equity MFs
TOTAL INCOME

Exemptions Actual Rent paid as per rent receipts Availing both HRA and Home loan exemption Investment/Bills Details 14,484 9,600 8,214 3,500 -

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

7,500

90,000

HRA Exemption

5,116

5,116

5,116

5,996

5,996

5,996

5,996

5,800

5,800

5,800

5,800

5,800 68,332

Non-Taxable Allowances Child Education Allowance Medical Reimbursement receipts submitted Transport/Conv. Allowance LTA receipt submitted Food Coupons Periodical Journals Uniform/Dress Allowance Telephone Reimbursement receipts submitted Car Expenses Reimbursement receipts submitted Internet expense receipts submitted Driver Salary receipts submitted Other Reimbursement receipts submitted Balance Salary Professional Tax Net Taxable Salary House and Loan Status Home Loan Interest Component Any other Income Gross Total Income Deductions under chapter VIA Life Insurance Premium payment Employee's contribution to PF PPF (Public Provident Fund) Equity Tax saver Mutual Funds - ELSS National Savings Certificate (NSC) deposit National Service Scheme (NSS) deposit Senior Citizen Savings Scheme (SCSS) deposit Post Office/Tax saving Bonds investments New pension scheme (NPS) Deposit 80CCD Children Tution Fees paid Housing Loan Principal repayment Tax saving Fixed Deposit for 5 yrs. or more Stamp Duty/Registration charges for house Other Eligible Investments Total of Section 80C Pension Fund (80 CCC) Total Deduction under Sec. 80C & 80CCC 80D (Medical insurance premium for Self and/or Family) 80D (Medical insurance premium for Parents) 80DD (Maintainence of depandant disabled) 80DDB (Medical treatment for specific diseases) 80E (Interest paid on Higher Education Loan) 80U (Handicapped person/Perm. Disability) Donations - 80G (100 % deductions) Donations - 80G (50 % deductions) Long Term Infra. Bonds (Section 80CCF) Total Income Total Income rounded off Income Tax on Total Income Education Cess @ 3% Income tax including education cess TDS (Tax deducted at source) Pending Tax Payable

14,484 9,600 8,214 3,500 385,782 2,400 375,145

On loan and Self Occupied

375,145

23,500 17,005 10,000 50,000 15,000

115,505

115,505

100,000

10,000 With Severe Disability Parents above 60 years With Severe Disability Patient Below 65 years

10,000
-

265,145 265,150 8,515

255 8,770 8,770

Monthly Deductions from salary TDS (Tax deducted at source) Professional Tax Employee's PF Contribution Employee's NPS Contribution VPF (Voluntarily Provident Fund) contribution Deduction for company provided transport Deduction towards State Labour welfare Fund (LWF) Deduction towards company provided Group Term insurance Deduction towards Leave availed Deduction towards company provided medical insurance Other Deductions from Employer Employer's NPS Contribution Employer's PF Contribution In Hand Salary In Hand Salary without reimbursments

April 200

May 200

June 200 1,535

July 200 1,805

August 200 1,805

September 200 1,805

October 200 1,805

November 200 1,650

December 200 1,650

January 200 1,650

February 200 1,650

March 200 1,650 2,400 17,005 17,005

31,943 29,311

31,943 29,311

1,535 30,408 27,776

1,805 34,957 31,949

1,805 34,957 31,949

1,805 34,957 31,949

1,805 34,957 31,949

1,650 47,277 46,023

1,650 47,277 46,023

1,650 47,277 46,023

1,650 47,277 46,023

1,650 47,277 46,023

Total Income in this year

506,917

ADVANCE TAX SCHEDULE Total Tax as per Consolidation Sheet: PARTICULARS Payable upto 15th June, 2011 Payable upto 15th September, 2011 Payable upto 15th December, 2011 Payable upto 15th March, 2012 % 15% 30% 60% 100% 8,770 Payable 1,316 2,631 5,262 8,770 Paid Difference 1,316 2,631 5,262 8,770

Savings for Tax

PPF Investments Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Total Long Term infra bonds investment Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Total Post Office/Tax saving Bonds investments Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Total Pension Fund (80 CCC) investments Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Total GROSS TOTAL 1,500 1,500

85,350

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