INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11

Instructions :
1.Please enter gross annual figures. 2. Please enter values in Highlighted cells only. DISCLAIMER : This calculator is to help you find out your personal indecative total tax liability. Efforts have been made to cover most of the scenarios of Income, Exemptions, Deductions, etc. However, you are advised to consult any qualified chartered accountant or tax consultant to know your actual Tax Liability.

Assessee Type Specify whether you are Male or Female (<65 years of age) or Sr. Citizen Components of Salary A.1 Basic Salary A.2 House Rent Allowance A.3 Transport Allowance A.4 Medical Reimbursement A.5 Leave Travel Allowance (LTA) A.6 Special Allowance A.7 Bonus A.8 Other Allowances Gross Salary (A) Exemptions/Deductions B.1 House Rent Exemption Annual Rent Paid Assessee Residing in I) 50% of Basic Salary ii) Actual HRA Received iii) Rent Paid minus 10% of Basic Salary Total House Rent Exemption B.2 Transport Allowance B.3 Medical Reimbursement Total (B) Gross Taxable Salary Income (A-B) Income from Housing Reliefe on Interest paid on Housing Loan Any other Income Gross Total Income Deduction under Chapter VIA

Male Annual Amount Rs.165,024 Rs.99,012 Rs.9,600 Rs.15,000 Rs.13,752 Rs.124,452 Rs.0 Rs.2,400 Rs.429,240

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Rs.108,000 Delhi Rs.82,512 Rs.99,012 Rs.91,498

Rs.82,512

U/Sec 10(13A)

Rs.108,000

Rs.82,512

Rs.9,600 Rs.15,000

Rs.9,600 Rs.15,000

Rs.9,600 Rs.15,000 Rs.107,112 Rs.322,128 Rs.0 Rs.0 Rs.0 Rs.322,128

Rs.150,000

U/S 24(1)(Vi)

Rs.0 Rs.0 Rs.0

FY-09-10
Actual Amount Maximim Limit Eligible Amount

FY-10-11
Maximim Limit Eligible Amount

Under Section The following tax saving investments may be considered for computation of income tax deduction at source for the financial year. Deduction u/s 80D to 80U U/Sec 80D(2A) C.1 Medical Insurance Premium - for the assessee or his family Parents are NOT Sr. citizen U/Sec 80D(2B) C.2 Medical Insurance Premium - for the parent or parents of the assessee C.3 Expenditure on Handicapped Dependents / Deposits made with LIC, etc. for maintenance of handicapped Dependents Disability Percentage of the Handicapped Dependents Less than 80% disability U/Sec 80DD C.4 Exp. likely to be incurred on specified disease or ailment (Cancer/AIDS etc.) Exp incurred on senior citizen No C.5 Permanent Disability benefit (self) - adhoc amount of (in case of disability Self Disability Percentage Interest on Education Loan (for self education) from Charitiable or Financial Institution. (No Limit) Total Deduction u/s 80D to 80U C.6 Investments under Sections 80C & 80CCC qualifying for deductions upto Rs.1 Lac or Rs.1.2 Lac D.1 Self Contribution in Provident Fund. Assessee's rate of PF contribution w.r.t Basic Salary is @ D.2 Voluntary Contribution Provident Fund D.3 INVESTMENT IN PENSION SCHEME D.4 HOUSING LOAN PRINCIPAL REPAYMENT D.5 PUBLIC PROVIDENT FUND (PPF) D.6 LIFE INSURANCE PREMIUM PAID D.7 UNIT LINKED INSURANCE PLANS D.8 NSC-NATIONAL SAVING CERTIFICATE D.9 DEPOSIT IN NATIONAL SAVING SCHEME (NSS) D.10 INFRASTRUCTURE INVESTMENT in approved BONDS D.11 MUTUAL FUNDS notified under SECTION 10(23D) D.12 EQUITY LINK SAVING SCHEME(ELSS) Mutual Funds notified under SECTION 10(23D) D.13 TERM DEPOSIT with a SCH.Bank in a notified Scheme for a term not less than 5 years. D.14 TUTION FEES PAID (Only full time education tution fees paid to any Indian Univ, College, School) D.15 SENIOR CITIZENS SAVINGS SCHEME Rules, 2004 D.16 POST OFFICE TIME DEPOSIT Rules, 1981 for a term not less than 5 years Total Deduction u/s 80C and 80CCC Total Deduction under Chapter VIA Net Total Taxable Income Tax on Total Income Add Surcharge Add Education Cess

Rs.0 Rs.0

Rs.15,000 Rs.15,000

Rs.0 Rs.0

Rs.15,000 Rs.15,000

Rs.0 Rs.0

Rs.0

Rs.50,000

Rs.0

Rs.50,000

Rs.0

U/Sec 80DDB

Rs.0

Rs.40,000

Rs.0

Rs.40,000

Rs.0

Less than 80% disability

U/Sec 80 U

Rs.0

Rs.50,000

Rs.0

Rs.50,000

Rs.0

U/Sec 80E

Rs.0

No Limit

Rs.0 Rs.0

No Limit

Rs.0 Rs.0

U/Sec 80C U/Sec 80C U/Sec 80 CCC U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C U/Sec 80C

Rs.19,803 Rs.7,932 Rs.0 Rs.0 Rs.20,000 Rs.80,000 Rs.0 Rs.0 Rs.0 Rs.20,000 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.147,735

12% Rs.10,000

Rs.19,803 Rs.7,932 Rs.0 Rs.0 Rs.20,000 Rs.80,000 Rs.0 Rs.0 Rs.0 Rs.20,000 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.100,000 Rs.100,000 Rs.222,128 Rs.6,213 Rs.0 Rs.186

12% Rs.10,000

Rs.19,803 Rs.7,932 Rs.0 Rs.0 Rs.20,000 Rs.80,000 Rs.0 Rs.0 Rs.0 Rs.20,000 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.0 Rs.120,000 Rs.120,000 Rs.202,128 Rs.4,213 Rs.0 Rs.126

Total Tax Payable in respective Financial Years Total Tax Savings in FY-10-11 with respect to Tax Payable in FY-09-10

Rs.6,399 Rs.2,060

Rs.4,339 32.19%