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INSTRUCTIONS

Fill up all the yellow cells


Entries in from form-16: Enter taxable income ie., after deductions.

Use it as a cheker- but not official


INCOME TAX CALCULATIONS FOR THE INDIVIDUALS FOR AY 2010-11

Name SELF OCCUPIED PROPERTY


Sex Write M or F STAYING IN QUARTERS
Salary HBA Principal for 2009-10
Without SPC arrears HBA interest for 2009-10
Travelling
SPC arrears Allowance 0
Professional
Total-Gross 0 Tax 0

Step -1 Step - 2
Deductions under HRA
section VI A Sec 80 C EXEMPTION Metro N

Write Y or
GPF The aggregate HRA received 0 N
amount of
deductions Total salary (BP 50% of
LIC under section + GP) salary
HBA Principle 0 80C,80CCC,80 40% of salary 0 0
CCD in any
case shall not
exceed Rs Actual rent paid
Tution fee 0 100000 per annum
NSC 0 10% of salary 0 0
Excess of rent
PPF 0 paid 0 0
HOUSE RENT
Others 0 Tution Fees: ALLOWANCE 0 0
others 0 Amount paid as STEP-3
tution fee for
the education
of two children
Others 0 of the assessee INCOME/LOSS FROM HOUSE PR
Total 0 is eligible for Actual rent received
deduction
Admissible under section
deductions 0 80C Municipal taxes paid 0

Deductions other than Net adjusted annual


section 80C value of the property 0
Medical
Higher
treatment
education loan
allowance upto
interest
40,000 0 0
repayment sec
Donations 100% 0 80E 30% of net value 0
Interest on HBA if taken
after 1-4-1999 and
constructed in three
Donations 50% 0 0 years 0
Total 0 maximum Total 0
under section
80C is Net income from house
Grand total 0 1,00,000. property 0

STEP-4

Arrears split up
6-Jan 0 6-Sep 0 7-May
6-Feb 0 6-Oct 7-Jun 0
2005-06 0 6-Nov 7-Jul
6-Mar 0 6-Dec 7-Aug
6-Apr 7-Jan 7-Sep
6-May 7-Feb 7-Oct
6-Jun 2006-07 0 7-Nov
6-Jul 7-Mar 7-Dec
6-Aug 7-Apr 8-Jan

Entries from form 16 STEP-5

Taxable Arrears Designed by E.V.Ramana, PGT (Physics


Financial year income received Kalinga,Visakhapatnam, Andhra Pra
1 2 3
2005-06 0
2006-07 0 This calculator is developed out of designe
2007-08 0 Designer is not responsible for any differe
calculations. It is advised to use this calcula
2008-09 0 the correctness of the orginal given by th
Your input is over- See for your tax on the right hand side top

Relief under 89(1) calculations

Total income
including
Taxable Arrears arrears. Add 2 &
Financial year income received 3 Tax on 2 Tax on 4
1 2 3 4 5 6
2005-06 0 0 0 0 0
2006-07 0 0 0 0 0
2007-08 0 0 0 0 0
2008-09 0 0 0 0 0
0 Total difference
Step 1 Total income excluding arrears 0 Tax according to table A
Step2 Salary received in arrears 0 Relief under section
Step 3 Total income add step 1 and 2 0 89(1)
Step 4 Tax on step 3 0
For the Receipt of pay and
Step 5 Tax on step 1 0 allowances pertain to
previous years as arrears,
Income tax Act provides for a
relief under Section 89(1) of
the IT Act. pread the arrears
that you have received to the
Step 6 Step 4 - step 5 0 respective years.
LS FOR AY 2010-11 TAX CALCULATIONS-MAIN SHEET

N Write Y or N 1 Gross Salary with arrears


N Write Y or N 2 LESS
HRA
TA
HRA
received Others if any
If House Building Loan is
not taken put zeros Total
3 Balance step1 -step2
4 Professional tax
5 Taxable Salary

Delhi,Mumbai,Kolkota, 6 Income from house property


Chennai,Bangalore &
Hyderabad stations
come under Metros. Gross total income
IF YOU STATY IN YOUR OWN
HOUSE OR IN QUARTERS 8 Deductions under VIA
YOU WILL NOT GET HRA
EXEMPTION Deductions other than section 80C

PLEASE CHECK FOR METROS Total deductions


9 Total taxable income

10 Tax to be payable

11 Education cess
STEP-3 12 Total tax payable

SS FROM HOUSE PROPERTY 13 Relief under section 89(1)


14 Balance Tax to be paid
IN CASE OF SOP ACTUAL
RENT RECEIVED
BECOMES ZERO 15 Tax deducted from salary

16 Tax to be payable

In case of SOP,Net
annual value is always
zero. Since net annual
17 Number of remaining months
value is zero munipal
taxes are not deductible 18 Tax to be paid in each month
Interest on capital
borrowed on or after 1-4-
1999 for acquisition or
construction of house
max., deduction is Rs
150000 otherwise Rs
30000.

8-Feb
2007-08 0
8-Mar
8-Apr
8-May
8-Jun
8-Jul 0
8-Aug
2008-09 0
Total 0

amana, PGT (Physics) KV INS


patnam, Andhra Pradesh

oped out of designer's interest.


nsible for any differences in tax
ed to use this calculator to check
he orginal given by the office.
hand side top

Difference
tax. Column
6 - column 5
7
0
0
0
0 Table A
0 0
ax according to table A 0
Relief under section
89(1) 0
0
Receipt of pay and
ances pertain to 0
s years as arrears,
ax Act provides for a
der Section 89(1) of
t. pread the arrears
have received to the
pective years. Thanks
ONS-MAIN SHEET

0
0

0
0
0
0

0
0

0
0

0
0

0
0 0

1
0
FORM 16
[ see rule 31 (1) (a)
Certified under Section 203 of the Income-Tax act 1961 for tax
deducted at source from income under the head "Salaries
Name & address of Employer: Name & designation of Employee

PAN No. of the Deductor TAN No. of the Deductor PAN No. of the Employee

Acknowledgement No. of all quarterly statement of TDS under sub -section (3) of Period
section 200as provided by TIN Facilitation Centre or NSDL web site Assesment Year
from To
Quarter Acknowledgement No.
Quarter-1 0
Quarter-2 0 1.04.2009 31.03.2010 2010-2011
Quarter-3 0
Quarter-4 0

DETAILS OF SALARY PAID, OTHER INCOME AND TAX DEDUCTED

1 Gross salary 0
(a) Salary as per provision contained in section 17(I) 0
(b) Value of perquisities under section 17(2) (asper Form no. 12BA, whereapplicable
0
(c) Profit in lieu of salary under section 17(3) (asper Form no. 12BA, whereapplicable

(d) Total 0
2 less Allowances to the extent exempt under section 10
conveyance/Transportallowances Residence-Office

Transport Allowance 0
House rent allowance 0
Other exempted income
Total 0
3 Balance (1-2 ) 0
4 Deduction under section 16:
(a) Entertainment allowance
(b) Tax on Employment
5 Agregate of 4 (a) and (b) ,,0
6 Income chargeable under the head "Salaries" (3-5)
7 Add: any other income reported by employee
Income from House property 0
…………………………………
…………………………………
Total 0
8 Gross Total Income (6+7)
9 Deductions Under Chapter VI-A
A. Section 80C, 80CCC and 80CCD
a) Section 80C
(i) GPF/CPF/PPF
(ii) LIC Premium
(iii)PPF

(iv)NSC Qualifying Amt Admissible


(v)Tution fee Total ded 80c ,,0 0
b) Section 80 CCC 0
c) Section 80 CCD
TOTAL 0
B. Other Sections Under Chapter VI A
………………..
………………..
Total (B) ,,0 ,,0
10 Aggregate of deductible amount under Chapter VI-A
11 Total Income 8-10)
12 Tax on total income
13 Surcharge
14 Education Cess
15 Tax payble on total income 12+13+14
16 Relief under section 89(attach details)
17 Tax payble (15-16)
18 Less (a) Tax deducted at source u/s 192(1)
less (b) Tax paid by the employer on the behalf of the employee under section 192(1A)
on perquisites under section 17(2)

19 Tax Payble/(refundable (17-18)


DETAILS OF TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVT ACCOUNT
( The deductor is to provide transction -wise detail of tax deducted and deposited)
SN TDS Rs Surchare Education Rs Total tax Cheque/DD No. BSR Code of Date on which tax deposited
bank Branch

1
2
3
4
5
6
7
8
Total
I, son/daughter of Shri working in the capicity of . do hereby certified that a sum or Rs
( .) only has been deducted at source and paid to the credit of the Central Government.
I further certified that the above information is true and correct based on the books of accounts, documents and other available records.

Place: Signature of person responsibe for tax deduction


Date: Full Name:……………………………..
Designation:…………………………..
(Drawing & Disbursing Officer)
on of Employee

e Employee

Assesment Year

2010-2011

0
,,0
0
0

0
0
0
0
0

Transfer voucher
identification

rtified that a sum or Rs


Government.

x deduction
………..
……..
cer)