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Chartered Accountants
Address : A-24, Omkar Bunglow, Ashok Society ,Durga Nagar, Off S B Road, Model Colony , Pune 411016
Mobile No +91 9922132229 Email : abhijitranpise@gmail.com Website : www.abrca.com
Prepared By : CA Abhijit Ranpise Date:
Name :
Depreciation Rs.
FY 2013-14
FY 2014-15
FY 2015-16
It is a dynamic excel sheet which has option to calculate loan amount eligibility for given amount of
average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last three financial years
It also gives amount of income one should have during three financial years for desired loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of borrowers, Level of
Security provided, banks policy for loan, purpose of loan, cibil score, credit rating, track record etc. , all
these factors also affects loan eligibility criteria. These are difficult to incorporate in the sheet.
Therefore this result of this calculator is not an assurance of loan amount from particular bank in
particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be different because of
difference in tax rates etc.
Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment and
filing of income tax return is considered on same date . i.e multiple payment
dates for income tax is ignored for calculation of interest on income tax
purpose.
Name : 0
Repayment Schedule
Year Principle Amount Add Interest Rs Gross Sum EMI Rs (Per Closing Balance
Rs Annum) Rs.
Rs.
1 1 - 1 1 -
2 - - - - -
3 - - - - -
4 - - - - -
5 - - - - -
6 - - - - -
7 - - - - -
8 - - - - -
9 - - - - -
10 - - - - -
11 - - - - -
12 - - - - -
13 - - - - -
14 - - - - -
15 - - - - -
16 - - - - -
17 - - - - -
18 - - - - -
19 - - - - -
20 - - - - -
Total - 1
Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment and filing of income tax
return is considered on same date . i.e multiple payment dates for income tax is ignored for
calculation of interest on income tax purpose.
6 Depreciation is Non Cash Expenditure therfore it will added in income while calsulating average
income.
It is a dynamic excel sheet which has option to calculate loan amount eligibility for given
amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last three
financial years
It also gives amount of income one should have during three financial years for desired
loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of borrowers,
Level of Security provided, banks policy for loan, purpose of loan, cibil score, credit
rating, track record etc. , all these factors also affects loan eligibility criteria. These are
difficult to incorporate in the sheet. Therefore this result of this calculator is not an
assurance of loan amount from particular bank in particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
A B R & Associates
Chartered Accountants
Address : A-24, Omkar Bunglow, Ashok Society ,Durga Nagar, Off S B Road, Model Colony , Pune 411016
Mobile No +91 9922132229 Email : abhijitranpise@gmail.com Website : www.abrca.com
Prepared By : CA Abhijit Ranpise Date:
Name :
First Holder Interest on Income Tax Paid Rs. Income Before Depreciation
Income Tax Rs. (Interest Not Depreciation Rs
Considered) Rs
FY 2013-14 - - - -
FY 2014-15 - - - -
FY 2015-16 - - - -
Total - - -
Average -
Joint Name :
Interest on Income Tax Paid Rs. Income Before Depreciation
Income Tax Rs. (Interest Not Depreciation Rs
Considered) Rs
Joint Holder
FY 2013-14 - -
FY 2014-15 - -
FY 2015-16 - -
Total - - -
Average -
1 - - - -
2 - - - -
3 - - - -
4 - - - -
5 - - - -
6 - - - -
7 - - - -
8 - - - -
9 - - - -
10 - - - -
11 - - - -
12 - - - -
13 - - - -
14 - - - -
15 - - - -
16 - - - -
17 - - - -
18 - - - -
19 - - - -
20 - - - -
Total - -
Notes
1 Put figures in only sky blue cells
y , Pune 411016 2 Surcharge on income tax ignored
www.abrca.com 3 Suitable for Maximum of 20 Years loan
1/3/2015 4 EMI is calculated on Monthly reducing balance
5 Interest calculation on Income tax is considered
return is considered on same date . i.e multiple
calculation of interest on income tax purpose.
100%
Total
Rs
Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
- -
- -
- -
- -
-
-
-
-
Closing Balance It is a dynamic excel sheet which has option to calculate loan amount eligibility for
Rs. given amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last
three financial years
- It also gives amount of income one should have during three financial years for
desired loan amount.
- It calculates result on the basis of average income during three years.
- Loan eligibility depends upon many factors such as Nature of business, Age of
- borrowers, Level of Security provided, banks policy for loan, purpose of loan, cibil
score, credit rating, track record etc. , all these factors also affects loan eligibility
- criteria. These are difficult to incorporate in the sheet. Therefore this result of this
- calculator is not an assurance of loan amount from particular bank in particulars case.
- This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
-
-
-
-
-
-
-
-
-
-
-
-
-
loan
ucing balance method
is considered on one time payment and filing of income tax
e . i.e multiple payment dates for income tax is ignored for
tax purpose.
Name :
First Holder Interest on Income Tax Paid Rs. Income Before Depreciation
Income Tax Rs. (Interest Not Depreciation Rs
Considered) Rs
FY 2013-14 - - -
FY 2014-15 - - -
FY 2015-16 - - -
Total - - -
Average -
Joint Name :
Interest on Income Tax Paid Rs. Income Before Depreciation
Income Tax Rs. (Interest Not Depreciation Rs
Considered) Rs
Joint Holder
FY 2013-14 - - -
FY 2014-15 - - -
FY 2015-16 - - -
Total - - -
Average -
1 - - - -
2 - - - -
3 - - - -
4 - - - -
5 - - - -
6 - - - -
7 - - - -
8 - - - -
9 - - - -
10 - - - -
11 - - - -
12 - - - -
13 - - - -
14 - - - -
15 - - - -
16 - - - -
17 - - - -
18 - - - -
19 - - - -
20 - - - -
Total - -
Notes
1 Put figures in only sky blue cells
y , Pune 411016 2 Surcharge on income tax ignored
www.abrca.com 3 Suitable for Maximum of 20 Years loan
1/3/2015 4 EMI is calculated on Monthly reducing balance
5 Interest calculation on Income tax is considered
return is considered on same date . i.e multiple
calculation of interest on income tax purpose.
100%
Total
Rs
Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
- -
- -
- -
- -
-
-
-
-
Closing Balance It is a dynamic excel sheet which has option to calculate loan amount eligibility for
Rs. given amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last
three financial years
- It also gives amount of income one should have during three financial years for
desired loan amount.
- It calculates result on the basis of average income during three years.
- Loan eligibility depends upon many factors such as Nature of business, Age of
- borrowers, Level of Security provided, banks policy for loan, purpose of loan, cibil
score, credit rating, track record etc. , all these factors also affects loan eligibility
- criteria. These are difficult to incorporate in the sheet. Therefore this result of this
- calculator is not an assurance of loan amount from particular bank in particulars case.
- This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
-
-
-
-
-
-
-
-
-
-
-
-
-
loan
ucing balance method
is considered on one time payment and filing of income tax
e . i.e multiple payment dates for income tax is ignored for
tax purpose.