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Income Tax Calculator

Version 20.1
© 1997-2018, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com

Name:
Dt. Of birth:

DISCLAIMER

This tax calculator can be used to calculate the approximate tax payable by salaried individuals. This should NO
the actual taxes to be paid to the Government. The author is not resposible for any inaccuracies in the tax
calculator. If you find any inconsistency, please let me know and I will try to fix it at the earl

PLEASE READ THESE INSTRUCTIONS CAREFULLY

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TAX RULES & OTHER USEFUL INFORMATION

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HOW TO GET AN UPDATE / CONTACT ME

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Click here to go to the tax calculation sheet

REVISION HISTORY

Version 20.1; Release date: Sep 24, 2017

Version 20.0; Release date: May 1, 2017

Version 19.1; Release date: Jul 3, 2016

Version 19.0; Release date: May 1, 2016

Version 18.0; Release date: May 10, 2015

Version 17.3; Release date: Nov 22, 2014

Version 17.2; Release date: Aug 24, 2014

Version 17.1; Release date: Jul 22, 2014

Version 17.0; Release date: Apr 27, 2014

Version 16.0; Release date: May 25, 2013

Version 15.1; Release date: Jun 10, 2012

Version 15.0; Release date: May 06, 2012

Version 14.0; Release date: May 20, 2011


Version 13.0; Release date: April 20, 2010

Version 12.0; Release date: August 02, 2009

Version 11.0; Release date: April 14, 2008

Version 10.1; Release date: April 11, 2007

Version 10.0; Release date: March 25, 2007

Version 9.1; Release date: July 29, 2005

Version 9.0; Release date: May 01, 2005

Version 8.2; Release date: January 14, 2005

Version 8.1; Release date: September 18, 2004

Version 8.0; Release date: May 10, 2004

Version 7.1; Release date: May 08, 2003

Version 7.0; Release date: April 18, 2003

Version 6.5; Release date: March 03, 2003

Version 6.4; Release date: February 25, 2003

Version 6.3; Release date: January 09, 2003

Version 6.2; Release date: January 07, 2003

Version 6.1; Release date: May 15, 2002

Version 6.0; Release date: April 10, 2002


Income Tax Calculator
Version 20.1
© 1997-2018, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com

PLEASE ENTER YOUR NAME HERE


1-Jan-2001

DISCLAIMER

This tax calculator can be used to calculate the approximate tax payable by salaried individuals. This should NOT be used
the actual taxes to be paid to the Government. The author is not resposible for any inaccuracies in the tax computed
calculator. If you find any inconsistency, please let me know and I will try to fix it at the earliest

PLEASE READ THESE INSTRUCTIONS CAREFULLY

This sheet can be used to compute the tax for salaried individuals only
Enter the numbers only in the yellow-colored cells. You will not be able to enter data in other cells
Do not leave any yellow cell (that expects numbers) blank. This may lead to incorrect calculation. Instead, enter 0

Please enter your name and Date of Birth above to calculate taxes correctly (date of birth is required to calculate senior citizenship)
The orange colored cells (with dark red text) constitute the setup parameters, which you may have to set only once. Ensure that all setup p
cells C4 to C20 and AA51 to AA72 are setup prior to using the calculator
Depending on your company policy, change cells C4 to C20 to select elements of your salary that count towards calculation of PF
If you are in Delhi, Mumbai, Kolkata or Chennai, change the location to Metro in Cell AA51. If you have moved from a metro to non-metro or
during the year, change the cells D47 to O47
Enter the PF deduction percentage in cell AA54 depending on your company policy. In addition, if your company limits the PF to a certain am
that amount in cell AA55. If there is no PF deduction, enter 0% in cell AA54. If the PF percentage changes during the year (due to change in
If you have opted for VPF (Voluntary Provident Fund), change cell AA58 depending on whether the deduction is done as a percentage of sal
fixed amount. If percentage, enter percentage in cell AA56. This will apply same percentage throughout the year. If percentage changes mo
enter the percentage for each month in cells D43 to O43 (If you leave any of these cells at 0, the default percentage from cell AA56 will be
month). If the deduction is a fixed amount, enter the amount for each month in cells D43 to O43

If the interest rate on PF is other than 8.5%, change the value in cell AA57
If you are claiming exemption on housing loan interest, remember to update cells AA60, AA61, AA62 (see below for the rules)
If you are claiming exemption for medical insurance that includes premium for a dependent over 65 years, change cell AA64
If you are claiming exemption for medical treatment for specific diseases for a dependent over 65 years, change cell AA65
If any of your dependents have severe (>80%) permanent physical disability, change cell AA66
If you have a permanent physical disability, change cell AA67 and AA68
If you live in company-provided house, change cell AA69 and AA70; 15% of salary will be added as perks for cities with more than 25 lacs p
per 2011 census), 10% for cities with population of 15 lacs to 25 lacs, and 7.5% for other cities. If rent has been paid (cells D26 to O26), the
If you are using company provided car for both official and personal use, update cells D44 to O44. If the company also provides driver, upda
to O45. If company bears the running and maintenance expenses for the car, update cell AA71. Also update the size of the car in cell AA72
If you have been out of India during the year, update cells D46 to O46 so that conveyance exemption is computed correctly
If you have taken company loans at discounted interest rates, please enter the details in the sheet "Perquisites"
You can enter the opening balance in your PF account as at the beginning of the year in cell D40 and PF loans/withdrawals in cells D39 to O
the closing balance (including employer's contribution) in your account at the end of the year
Update the earnings (cells D3 to O20) with expected earnings during the year. On the deductions side, enter the expected rent payment, Pr
and Life Insurance Salary deduction details for all months.
Enter expected bonus in Cell R21, if bonus for the year has not been paid yet. If paid, enter the actual amount
Enter any other earnings related to salary in cell S21
If tax has been deducted outside salary (such as TDS for bank deposit, etc.), enter the amount so deducted in cell G80
Enter any capital gains that are taxable at nominal tax rate (Stocks sold outside of registered stock exchanges, for example) in cell G58
Enter the remaining months in current financial year in Cell G82, to figure out the tax per month
You can change the headings for the 10 "Misc" earnings and the 9 "Oth Ded" deductions columns to suit your salary structure

Rent can be entered in cells D26 to O26, if deducted through salary; Otherwise enter annual figure in Q26 to S26. If you e
amount in anyinvestments/savings/expenses
cell between D26 to O26, do not enterinany
cellsamount in cells Q26 to S26 and vice-versa
Enter expected information N53 to N85
Other exemptions entered in cell N53 is not validated. So, please be sure about the amount entered
Enter non-salary related other income (such as from interest) in cell N63 and Savings Bank interest in cell N62
You can enter the details of NSC's purchased during the last 5 years in the "NSC Accrued Interest" sheet to calculate the accrued interest au
This interest is exempt under sec 80C. This interest is also taxable either on accrual basis every year or when received
You can enter details of Stocks sold during the year in the "Capital Gains - Equity" sheet to calculate the tax applicable
You can enter details of Property and Debt Mutual Funds sold during the year in the "Cap Gains - Property&Debt MF" sheet
HRA exemption is calculated on monthly basis and added up, which may not always be correct if your HRA, Rent or Basic+DA change mont
such cases, and if you have not moved from a metro to non-metro or vice-versa in the middle of the year, enter the rent only in cells Q26 to

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 ₹ 1600/- per month provided the person is in India during the month
Medical bills are exempt for self and dependent family, upto ₹ 15,000/- per annum
LTA is exempt to the tune of ecomony class airfare for the family to any destination in India, by the shortest route.
LTA can be claimed twice in a block of 4 calendar years. The current block is from Jan 2014 to Dec 2017
Uniform allowance is exempt to the extent of bills produced for purchase of uniforms
Gratuity (max. 10 lac) , VRS (max. 5 lacs) and some such amounts are exempt upto certain limits. If you get any such payment, please find
limit for you from a tax consultant and enter in cell N53
Children's Education allowance is exempt upto ₹ 100/- per child per month plus ₹ 300/- per child per month for hostel expenses (max of 2 c
There is an exemption for interest on housing loan. If the loan was taken before Apr 1, 1999 exemption is limited to ₹ 30,000/- per year. If th
taken after Apr 1, 1999 exemption is limited to ₹ 2,00,000/- per year if the house is self-occupied; if this is the first house and loan amount
If you have rented out your house, enter the total rent income/loss from the house (after deducting property tax and 30% of rent as standa
maintenance expenses) in cell N61
Medical Insurance (such as Mediclaim) premium is exempt upto ₹ 25,000/- per year for self, spouse & dependent children. Within this limit,
could be used for preventive health check expenses. An additional ₹ 25,000/- is exempt towards premium for parents (even if they are not d
Deduction in respect of medical treatment of handicapped dependents is limited to ₹ 75,000/- per year if the disability is less than 80% and
per year if the disability is more than 80%
Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed upto ₹ 40,000/- p
person being treated is a senior citizen, the exemption can go up to ₹ 80,000/-
Interest repayment on education loan (taken for higher education from a university for self, spouse & children) is tax exempt from the 1st y
repayment up to a maximum of 8 years. There is no exemption for Principal payment
Donations to certain charities are tax exempt to the tune of 50% of donation. Please enter the amount donated in cell N70
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 re
of total income or ₹ 60,000/- per year)
Donations for certain scientific research and rural development are exempt, as well as donations to some charities under section 35AC or se
Please enter the actual amount exempt in cell N74
Interest from Savings bank account is exempt up to ₹ 10,000/- per year
If you have a permanent physical disability, you can take an exemption of up to ₹ 75,000/- per year and ₹ 1,25,000 in case of severe disabi

Investments up to 1.5 lac in PF, VFP, PPF, Insurance Premium, Housing loan principal repayment, Stamp duty/registration charges for purch
home, NSC, ELSS, long term bank Fixed Deposit, Post Office Term Deposit, New Pension Scheme, Sukanya Samriddhi Scheme, etc. are dedu
As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or concessional educa
employee stock option plan, free club membership, company provided credit card, gift vouchers, meal coupons, hotel stay beyond 15 days,
For the current year, Govt. prescribed rate of interest for PF is 8.75%. If the employer pays interest higher than this, the differential interest
treated as perquisites
Residents of Sikkim are exempt from Income Tax

HOW TO GET AN UPDATE / CONTACT ME

This tax calculator constantly gets updated to fix errors as well as to add new features
This may also be changed when there are changes in tax rules that affect income tax computation
The latest version of this tool is available for free download from the Internet at http://taxcalc.ynithya.com/
Please check back frequently (at least once every 2 months) to see that you have the latest version. You can compare the version number a
this instructions page. However, if you have subscribed, you will automatically receive updates
You can also send a blank e-mail to taxcalc@ynithya.com with only the subject line as "SEND TAXCALC" and the latest version of t
will be e-mailed to you within a couple of days
If you want to receive an automatic message whenever a major version is released, please send a blank e-mail to
taxcalc@ynithya.com with only the subject as "SUBSCRIBE". There are no charges for subscription
If you find any inaccuracy in the calculation or want clarification on some aspect of the tax calculator, please send an e-m
details of your
If you are query
already to taxcalc@ynithya.com
on my withto
list and no longer want subject as "CLARIFICATION"
get updates, send a blankand I will try
e-mail to reply within a week with only the su
to taxcalc@ynithya.com
"UNSUBSCRIBE"
While sending e-mail, please ensure that the subject line is exactly as given here (without the quotes), because the processing is done auto
Other mails are deleted automatically
Since I am not a chartered accountant or a tax consultant, I am not in a position to answer specfic queries related to taxatio
have to contact a tax consultant for your specific queries

Click here to go to the tax calculation sheet

REVISION HISTORY

Version 20.1; Release date: Sep 24, 2017


Cost inflation index updated
Version 20.0; Release date: May 1, 2017
Updated for FY 2017-18, Fixed car perquisites calculation, NPS added
Version 19.1; Release date: Jul 3, 2016
Cost inflation index updated
Version 19.0; Release date: May 1, 2016
Updated for FY 2016-17, fixed colors for viewability on Mac
Version 18.0; Release date: May 10, 2015
Updated for FY 2015-16
Version 17.3; Release date: Nov 22, 2014
PF limits changed from Sept
Version 17.2; Release date: Aug 24, 2014
Error in NSC accrued interest corrected
Version 17.1; Release date: Jul 22, 2014
Updated based on final budget for FY 2014-15, added Capital Gains calculation for Property and Debt Mutual Funds sale
Version 17.0; Release date: Apr 27, 2014
Updated for FY 2014-15, some enhancements
Version 16.0; Release date: May 25, 2013
Updated for FY 2013-14 based on budget
Version 15.1; Release date: Jun 10, 2012
Updated to remove long-term infrastructure bonds from the list of exemptions
Version 15.0; Release date: May 06, 2012
Updated for FY 2012-13 based on budget
Version 14.0; Release date: May 20, 2011
Updated for FY 2011-12 based on budget proposals
Version 13.0; Release date: April 20, 2010
Updated for FY 2010-11 based on budget proposals
Version 12.0; Release date: August 02, 2009
Updated for FY 2009-10 based on budget proposals. Fixed some errors
Version 11.0; Release date: April 14, 2008
Updated for FY 2008-09
Version 10.1; Release date: April 11, 2007
Fixed some errors in PF calculation and perquisites valuation, added Capital Gains Tax calculation
Version 10.0; Release date: March 25, 2007
Updated for FY 2007-08. Reformatted to include more heads for income & deductions
Version 9.1; Release date: July 29, 2005
Updated to include the budget revisions, NSC interest calculation error corrected, Surcharge calculation fixed
Version 9.0; Release date: May 01, 2005
Updated for financial year 2005-06, corrections and enhancements incorporated
Version 8.2; Release date: January 14, 2005
Fixed some errors in calculation of HRA exemption, surcharge, section 88D rebate, etc.
Version 8.1; Release date: September 18, 2004
Updated to include the budget revisions
Version 8.0; Release date: May 10, 2004
Updated for financial year 2004-05, corrections and enhancements incorporated
Version 7.1; Release date: May 08, 2003
Updated to correct mistakes in: perquisites calculation, children's education rebate under section 88 and inclusion of interest income in gro
Version 7.0; Release date: April 18, 2003
Updated to include the new budget proposals for financial year 2003-04
Version 6.5; Release date: March 03, 2003
Corrections: Housing loan interest and House/property income/loss was not being accounted correctly. Next year's (Financial year 2003-04)
should be out sometime in late April or early May 2003
Version 6.4; Release date: February 25, 2003
Corrections: Std. deduction calculation, housing interest accounting, LIC SSS accounting, Perks calculation (different interest rates for the 2
Version 6.3; Release date: January 09, 2003
Corrections: Problem in tax rebate calculation when the salary is between 1 lac and 2 lacs; Housing loan interest calculation
Version 6.2; Release date: January 07, 2003
Updated to fix some errors in calculation of Std. deduction, Tax rebate, Vehicle maintenance exemption, Perquisites, etc.
Version 6.1; Release date: May 15, 2002
Updated to include the changes as passed in the finance bill; Fixed some minor defects
Version 6.0; Release date: April 10, 2002
Updated to include the new budget proposals for financial year 2002-03
PLEASE ENT

Incl PF? Apr May Jun Jul Aug


Basic Y 0 0 0 0 0
DA Y 0 0 0 0 0
Convey N 0 0 0 0 0
HRA N 9,600 0 0 0 0
Ch. Educ N 0 0 0 0 0
Medical N 0 0 0 0 0
LTA N 0 0 0 0 0
Uniform All. N 0 0 0 0 0
Earnings

Car allow N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Misc N 0 0 0 0 0
Total 9,600 0 0 0 0
Prof tax 0 0 0 0 0
PF 0 0 0 0 0
VPF 0 0 0 0 0
IT 0 0 0 0 0
Rent 0 0 0 0 0
Life Insur. 0 0 0 0 0
Deductions

Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Oth Ded 0 0 0 0 0
Tot Ded 0 0 0 0 0
Net 9,600 0 0 0 0
Loan/Wdwl 0 0 0 0 0
OB 0 0 0 0 0
PF

Int 0 0 0 0 0
CB 0 0 0 0 0
VPF % 0.00 0.00 0.00 0.00 0.00
Co. Car used? N N N N N
Co. Car driver? N N N N N
In India? Y Y Y Y Y
Metro/non? N N N N N
PF% 12.00% 12.00% 12.00% 12.00% 12.00%
Tax Computation
Gross Salary 9,600
Profession Tax 0
Exemptions under section 10 & 17 0
Gross Salary after Section 10 & 17 exemptions 9,600
Accommodation & Car Perquisites 0
Income chargeable under head 'Salaries' 9,600
Income chargeable under head 'House/Property' 0
Income chargeable under head 'Capital Gains' at nominal rate 0
Income chargeable under head 'Capital Gains' at nominal rate 0
Income chargeable under head 'Other Sources' 0
Gross Total Income 0
Deductions under chapter VI-A 0
Deductions under sec 80C 0
Net taxable income 0

Tax Slabs Tax rate Appl Amt Balance Tax


00000 - 250000 0% 0 0 0
250001 - 500000 5% 0 0 0
500001 - 1000000 20% 0 0 0
> 1000000 30% 0 0
Tax credit (Sec 87A) 0
Tax on Income 0
Capital Gains Tax (from Stocks & MFs) 0
Capital Gains Tax (from Property) 0
Tax on dividends 0
Surcharge on Income Tax 0
Education Cess 0
Total Tax Liability 0
Total Income tax paid from salary 0
Tax paid outside of salary 0
Income tax due 0
Remaining months in year 12

Balance Tax payable 0


© 1997-2018, Nithyanand Yeswanth (taxcalc@ynithya.com)
PLEASE ENTER YOUR NAME HERE

Sep Oct Nov Dec Jan Feb Mar Total


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 9,600
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 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 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 0
0 0 0 0 0 0 0 9,600
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 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 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 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 9,600
0 0 0 0 0 0 0
0 0 0 0 0 0 00
0 0 0 0 0 0 00
0 0 0 0 0 0 00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
N N N N N N N
N N N N N N N
Y Y Y Y Y Y Y
N N N N N N N
12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Exemptions under section 10 & 17 Produced Limited
HRA Exemption (sec 10 (13A)) 0 0
Transport Exemption (sec 10(14)) 0
Other exemptions under sec 10 (10) (gratuity, etc.) 00
Medical Bills Exemption (sec 17(2)) 00
Children's Education Allowance Exemption (sec 10 (14)) 00
LTA exemption (sec 10(5)) 0 0
Uniform expenses (sec 10(14)) 0 0
Total Exempted Allowances 0
Other income Produced Limited
House/property income or loss (enter loss as negative) 00
Interest on housing loan (for tax exemption) 00
Savings Bank interest 0 0
Dividends from Indian companies (not MFs) 0 0
Other income (interest, etc. excluding. SB int) 0 0
Deductions under Chapter VI-A Produced Limited
Medical Insurance Premium / health check (sec 80D) 00
Medical Insurance Premium for parents (sec 80D) 00
Medical for handicapped dependents (sec 80DD) 00
Medical for specified diseases (sec 80DDB) 00
Higher Education Loan Interest Repayment (sec 80E) 00
Donation to approved fund and charities (sec 80G) 0 0
Rent deduction (sec 80GG) only if HRA not received 00
Savings Bank interest exemption (sec 80TTA) 0
Deduction for permanent disability (sec 80U) 0
Any other deductions (incl. donations u/s 35AC/80GGA) 00
Total Deductibles 0
Deductions under Chapter VI (sec 80C) Produced Limited
National Pension scheme - Employee Contribution (sec 80CCD(1)) 00
PPF, Pension scheme, Sukanya Samriddhi scheme, etc. 00
NSC (sec 80C) 00
Employees Provident Fund & Voluntary PF (sec 80C) 0 0
Children's Education Tuition Fees (sec 80C) 0 0
Housing loan principal repayment, regn/stamp duty (sec 80C) 0 0
Insurance premium & others (MF, ULIP, FD, SS, etc.) (sec 80C) 00
National Pension scheme - Employer Contribution (sec 80CCD(2)) 00
Total Investments 0
Perks Bonus Others Gross
0
0
0
9,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 0 9,600
0
0 0
0 0
0 0 0 0
0 0 0 0
0
0
0
0
0
0
0
0
0
0
0
9,600
SETUP PARAMETERS
Metro/Non-metro (M or N)
HRA Exempt limit (of Basic+DA)
PF/VPF deductions
PF as a percentage of "Salary"
PF limited to ₹ (if there is a max. limit for deduction) until Aug
VPF as a percentage of "Salary"
Interest rate on PF/VPF
VPF as "Percentage of salary" or "Fixed amount"? (P or F)
For Housing Loan
House self-occupied? (Y or N)
Loan taken after Apr 1, 1999?
1st home AND loan < 35L AND cost < 50L AND loan during FY16-17?
Miscellaneous
Sr. citizen included in medical insurance premium? (Y or N)
Sr. citizen included in medical treatment u/s 80DDB? (Y or N)
Dependents have permanent physical disability (>80%)? (Y or N)
Have permanent physical disability? (Y or N)
Is the permanent physical disability severe (>80%)? (Y or N)
Do you live in Company provided accommodation? (Y or N)
If living in Co. acco, population of your city as per 2001 census
Does company bear running/maint expenses for car? (Y or N)
Vehicle cubic capacity > 1600cc? (Y or N)
N
40%

12.00%
tion) until Aug 0
0.00%
8.50%
P

Y
Y
loan during FY16-17? N

N
N
(>80%)? (Y or N) N
N
80%)? (Y or N) N
N
per 2001 census >25lacs
N
N
PLEASE ENTER YOUR NAME HERE

Perquisites Value of Loans Taken from the Company

Housing PC Soft Salary


Vehicle Loan
Loan Loan Loan Loan
Original Loan Amount 0 0 0 0 0
Loan Taken In Month/Year
Loan Closed Month/Year
No. of instalments 100 50 36 36 10
Co. interest rate 0.00% 4.00% 0.00% 4.00% 0.00%
EMI 0 0 0 0 0
Second Loan Details (if loan of same type is taken again during the year) -- see Instructions below
Original Loan Amount 0 0 0 0 0
Loan Taken In Month/Year
Loan Closed Month/Year
No. of instalments 100 50 36 36 10
Co. interest rate 0.00% 4.00% 0.00% 4.00% 0.00%
EMI 0 0 0 0 0

Prescribed interest rate 10.00% 10.00% 12.00% 12.00% 12.00%

Total value of Perquisites for the year

Instructions:
1. Enter the original loan amount, the month in which the loan was taken (e.g., DEC-2007), number of instalments and company interest ra
2. If the loan was pre-closed, enter the month in which it was pre-closed (e.g., AUG-2010) in row 7. Otherwise leave blank
3. If you have taken another loan of same type, enter similar details in rows 14 through 20. For example, a Soft Loan taken in JUL-2007 may
completed its term (or pre-closed) in JUN-2010. These details can be entered in rows 5 through 11. Suppose another Soft Loan is taken in
may be entered in rows 14 through 20
4. You can change the headings of the loans, if required. However, remember to change the corresponding "prescribed interest rate" in Row
Prescribed interest rate is the rate charged by the State Bank of India as on 01-Apr-2017 for loans of same type advanced by it to the ge
R YOUR NAME HERE

ans Taken from the Company

Education Marriage Other Other Other


Phone Loan
Loan Loan Loan Loan Loan
0 0 0 0 0 0

36 15 36 50 36 50
0.00% 0.00% 0.00% 0.00% 4.00% 0.00%
0 0 0 0 0 0

0 0 0 0 0 0

36 15 36 50 36 50
0.00% 0.00% 0.00% 0.00% 4.00% 0.00%
0 0 0 0 0 0

12.00% 12.00% 12.00% 12.00% 12.00% 12.00%

0
© 1997-2018, Nithyanand Yeswanth (taxcalc@ynithya.com)

of instalments and company interest rate in rows 5, 6, 10 and 11 respectively


Otherwise leave blank
mple, a Soft Loan taken in JUL-2007 may have
1. Suppose another Soft Loan is taken in SEP-2010, those details

onding "prescribed interest rate" in Row 23 as well.


s of same type advanced by it to the general public
PLEASE ENTER YOUR NAME HERE

NSC Accrued Interest Calculation

Certificate No. Date of Purchase Amount invested Accrued Interest


0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00

Total Accrued Interest 0.00


© 1997-2018, Nithyanand Yeswanth (taxcalc@ynithya.com)

Instructions:
1. Enter details of all NSCs purchased between 1-Apr-2013 and 31-Mar-2017
2. NSCs purchased before or after this date do not accrue interest for this financial year
3. Entry of certificate number is optional
PLEASE ENTER YOUR NAME HERE

Capital Gains Tax Calculation - Equity


(Only for Stocks bought/sold through a Stock Exchange and where STT is paid, and for equity mutual fund

Purchase Selling
Scrip/MF Name Quantity
Price Brokerage Date Price
Total Short Term Gains
Total Long Term Gains
Total Capital Gains

Total Capital Gains Tax


© 1997-2018, Nith

Instructions:
1. Enter details of all stocks sold during the current financial year
2. Only stocks sold through a recognized stock exchange where the Securities Transaction Tax (STT) is paid should be entered
3. The above could also be used for equity mutual funds
HERE

- Equity
TT is paid, and for equity mutual funds)

Selling LT/
Gains
Brokerage Date ST
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
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
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
0
0
0
0
0
0
0
0
0

0
0
0

0
© 1997-2018, Nithyanand Yeswanth (taxcalc@ynithya.com)

paid should be entered


PLEASE ENTER YOUR NAME HERE

Capital Gains Calculation - Property


(For houses, flats, plots, etc.)

Purchase
Property Details
Price Date

Net Short Term Gains - Property


Net Long Term Gains - Property

Long Term Capital Gains Tax - Property

Capital Gains Calculation - Debt Mutual Funds


(For debt mutual funds/bonds, Gold and Equity where STT is not paid)

Purchase
Mutual Fund Details Quantity
Price Date
Net Short Term Gains - Debt
Net Long Term Gains - Debt

Long Term Capital Gains Tax - Debt


© 1997-2018, Nith

Instructions:
1. Enter details of property sold during the current financial year
2. Include registration/stamp duty (for property) and brokerage (for MF) expenses in the Purchase price
3. Short term capital gains are added to the "income" and tax calculated at applicable rates
4. Capital loss can be carried forward for up to 8 years to net off against Capital Gains
5. Long term loss can be offset against only long term gain, while short term loss can be offset against either short term of long term gain in
HERE

roperty

Selling LT/
Gains
Price Date ST
0
0
0
0
0
0

0
0

Mutual Funds
here STT is not paid)

Selling LT/
Gains
Price Date ST
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
0
0
0

0
0

0
© 1997-2018, Nithyanand Yeswanth (taxcalc@ynithya.com)

either short term of long term gain in future