WORKING SHEET OF INCOME TAX

for the Financial Yr 2008-09, Assessment yr 2009-10

NAME :

D.O.B SEX PAN

PHONE : Email id-

1/0/1900

select from list0

ADDRESS :

1. Gross Annual Income/Salary (include all allowances) 2. Less: Allowances exempt u/s 10 (I) H.R.A. exemption (II) Conveyance allowances(Max Rs.800/-p.m) (iii) Any Other Exempted Receipts/ allowances (specify)-(iv) Professional Tax 3. Income under the head salaries 4. 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 Office M.I.S (6 yrs.) d. Post Office Recurring Deposit (5 yrs.) e. Term Deposit (1 to 5 yrs.) f. Saving Bonds (6yrs.) g. Kishan Vikas patra 2. Any Other Income (specify)--3. Any Other Income (specify)--5. Income from house property 6. Gross Total Income 7. Less: Deduction under Sec 80C 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 8. Less: Deduction under chapter VI A b. 80 D Medical Insurance premiums c. 80 E Int Paid on Education Loan d. 80G Donation to approved fund d. Any other (Specify)--9. Total Income 10. Total Taxable Income (Round off to nearest 10 rupees) 11. Tax on Total Income 12. Surcharge on Total Taxable Income 13. Total Tax Payable 14. Add; Edn Cess @ 3% 15. Net Tax Payable 16. Tax Deduction at Source 0 0 0 0

0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 NIL 0 0 0 0 0

17. Balance Tax Payable/Refundable

Refundable

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1 2 3 4 5 1 2 3 4 5 Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your refference. TAX RULES&OTHER USEFUL INFORMATION

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Auto Tax Calculator by Raj Nain (Tax Consultant)

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REGARD- Raj Nain 9911112823 Pinki Nain 9911754616 mypanandtax@gmail.com mypanandtax@yahoo.com

Hello-Dears- I am Raj Nain and Prepared this Auto Tax Calculator for
common people. This tax calculator may help you to calculate the estimated tax payable by you. If you find any inconsistency, correction or amendments, please let me know, I will try to fix it at the earliest Please send a detailed e-mail at
This Calculator will be used to compute the Tax for Common individuals. Easy to understand & similar as form 16. You can Calculate your Income Tax in Calculation Sheet & print the Working Sheet. 5 Once you enter the amount in the blank cells. Other cells in Calculation & Computation Sheets will calculate data & Tax automatically. Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your refference. TAX RULES&OTHER USEFUL INFORMATION HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA) Transport allowance is exempt upto Rs.800/- per month provided the person is in India during the month. For people having permanent physical disability, the exemption is Rs.1,600/- per month Medical bills are exempt for self and dependent family, upto Rs.15,000/- per annum u/s(5) LTA is exempt to the tune of ecomony class Train/ Air /Recognised public Transport fare for the family to any destination in is India, by the shortest route. on housing loan.(for Self occupied Residence). If the loan was taken before Apr u/s 24 There an Exemption for interest 1, 1999 exemption is limited to Rs.30,000/- per year. If the loan was taken after Apr 1, 1999 exemption is limited to Rs.1,50,000/- per year if the house is self-occupied; There is no limit if the house is rented out This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of If you have rented out your house, enter the total income/loss from the house (after deducting property tax and standard maintenance expenses). u/s 80D Medical Insurance (such as Mediclaim & Critical illness Cover) premium is exempt upto Rs. 30,000/ per year (Rs 15,000/- for self,spouse and children ) If the premium includes for a dependent who is above 65 years of age, an extra Rs.15,000//- can be claimed. u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to Rs.50,000/- per year if the disability is less than 80% and Rs.75,000/- per year if the disability is more than 80% u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed upto Rs.40,000/- per year. If the person being treated is a senior citizen, the exemption can go up to Rs.60,000/-. but any amount received under Medical Insurance Policy will be reduced from the amount of deduction allowed. The Diseases and ailments specified under rule 11DD are. (1)neurological diseases being demetia, dystonia musculorum deformans, motor neuron disease, ataxia, chorea, hemiballismus, aphasia and parkisons disease, (2)for cancer, (3) AIDS, (4)Chronic renal failure, (5) and u/s 80E Interest repayment on education loan (taken higher education from a university of self & hemophilia, dependents) is (6) completely tax exempt u/s 80G Donations given for certain charities are tax exempt. Some are exempt to the tune of 50%, whereas others are 100%. u/s 80GG If you do not get HRA, but have rented a house, an exemption is available. This will be calculated as minimum of (25% of total income or rent paid - 10% of total income or Rs.24,000/- per year) Interest earned from all sources is to be included. All interest income is fully taxable u/s 80U If you have a permanent physical disability (including blindness), you can take an exemption (subject to maximum of Rs.75,000/per year) u/s 80C Investments up to 1 lac in PF, VPF, PPF, Insurance Premium, Housing loan principal repayment, NSC, ELSS, etc. are deductible from the total income (there is no limit on individual items, for example 1 lac can be invested in Insurance, ) HOW TO GET AN UPDATE This tax calculator constantly gets updated to fix errors found as well as to add new features This may also be changed when there are changes in tax rules that affect income tax computation You can send an e-mail for the current version of tax calculato, within a day or two. Once you send a request for our calculator. In future we will send you an updated version autimatically.whenever I update,

I PROVIDE SERVICES FOR TAX ASSESSMENT(CALCULATION) IT RETURNS PAN CARD CUSTIMISED SAVINGS/INVESTMENTS/ INURANCE SOLUTIONS (LIFE/ NON LIFE) C A L L M E F O R P R E S E N T A T I O N : Raj Nain 9911112823 Pinki Nain 9911754616 or M a i l mypanandtax@gmail.com mypanandtax@yahoo.com

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