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B 7/27/1983
for theFinancial Yr 2008-09/ Assessment yr 2009-10 SEX M
PAN-N0 AUNPK6617L
1. Gross Annual Income/Salary(include all allowances) 0
2. Less: Allowances exempt u/s 10(for Service Period) 0
(I) H.R.A. exemption 0
City of Residence
Basic Salary (Basic+DA) 0
Rent Paid 0
H.R.A received 0
(II) Conveyance allowances(Max Rs.800/-p.m) 0
(iii) Any Other Exempted Receipts/ allowances (specify)---- 0
(iv) Professional Tax 0
3. Income under the head salaries 0
4. Add: Any other income from other sources 0 0
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd )
c. Post Ofice M.I.S (6 yrs.) 0
d. Post Office Recring Deposit (5 yrs.) 0
e. Term Deposit (1 to 5 yrs.) 0
f. Saving Bonds (6yrs.) 0
g. Kishan Vikas patra 0
2. Any Other Income (specify)--- 0
3. Any Other Income (specify)--- 0
5. Income from house property 0
Less: Interest paid on housing loan(max150,000) 0 0 0
6. Gross Total Income 0
7. Less: Deduction under Sec 80C (Max Rs.1,00,000/-) 0 0
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 0
I. FD (5 Years and above)
j. 80 ccc Pension Plan 0
8. Less: Deduction under chapter VI A 0 0
b. 80 D Medical Insurance premiums (for Self ) 0 0
C. 80 D Medical Insurance premiums (for Parents) 0 0
d. 80 E Int Paid on Education Loan 0
e. 80G Donation to approved fund 0
f. Any other (Specify)--- 0
9. Total Income 0
10. Total Taxable Income (Round off to nearest 10 rupees) 0
11. Tax on Total Income NIL
12. Surcharge on Total Taxable Income 0
13. Total Tax Payable 0
14. Add; Edn Cess @ 3% 0
15. Net Tax Payable 0
16. Tax Deduction at Source 0 0
17. Balance Tax Payable/Refundable Refundable 0
Auto Tax Calculator by B.P.Choudhary (Tax Consultant)
Version 3.1 for Financial year 2008- 09
! Senior Citizen Saving Scheme 2004 and the Post Office Time Deposit Account added to the basket of
saving instruments under Section 80C of the Income Tax Act.
! Additional deduction of Rs.15,000 allowed under Section 80D to an individual paying medical insurance
Premium for his/her parent or parents.
! Income Tax Act to be amended to provide that reverse mortgage would not amount to "transfer"; and the stream o
revenue received by the senior citizen would not be "income".
! Rate of tax on short term capital gains under Section 111A & Section 115AD increased to 15 per cent.
COMPUTATION OF INCOME TAX for D.O.B
for theFinancial Yr 2008-09 Assessment yr 2009-10 SEX - M
0 PAN-NO AUNPK6617L
1. Gross Annual Income/Salary(include all allowances) 0
2. Less: Allowances exempt u/s 10
(I) H.R.A. exemption 0
(II) Conveyance allowances(Max Rs.800/-p.m) 0
(iii) Any Other Exempted Receipts/ allowances (specify)---- 0 0
3. Income under the head salaries 0
4. Add: Any other income from other sources
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd ) 0
c. Post Ofice M.I.S (6 yrs.) 0
ces d. Post Office Recring Deposit (5 yrs.) 0
e. Term Deposit (1 to 5 yrs.) 0
f. Saving Bonds (6yrs.) 0
g. Kishan Vikas patra 0
2. Any Other Income (specify)--- 0
3. Any Other Income (specify)--- 0 0
5. Income from house property 0
Less: Interest paid on housing loan(max150,000) 0 0
6. Gross Total Income 0
7. Less: Deduction under Sec 80C
a. PF&VPF Contribution 0
b. Life Insurance premiums 0
c. PPF a/c Contribution 0
d. N.S.C (Investment +accrued Int first five year) 0
e. Housing. Loan (Principal Repayment ) 0
f. Tuition fees for 2 children 0
g. E.L.S.S(Mutual Fund) 0
h. Tax Savings Bonds 0
I. FD (5 Years and above) 0
j. 80 ccc Pension Plan 0 0
8. Less: Deduction under chapter VI A
b. 80 D Medical Insurance premiums 0 0
c. 80 E Int Paid on Education Loan 0
d. 80G Donation to approved fund 0
f. Any other (Specify)--- 0 0
9. Total Income 0
10. Total Taxable Income (Round off to nearest 10 rupees) 0
11. Tax on Total Income NIL
12. Surcharge on Total Taxable Income 0
13. Total Tax Payable 0
14. Add; Edn Cess @ 3% 0
15. Net Tax Payable 0
16. Tax Deduction at Source 0
17. Balance Tax Payable/Refundable Refundable 0
COMPUTATION OF INCOME TAX for Date Of Birth
for theFinancial Yr 2007-08 Assessment yr 2008-09 SEX - M
0 PAN-NO 0
1. Gross Annual Income/Salary(include all allowances) 192819
2. Less: Allowances exempt u/s 10
(I) H.R.A. exemption 29760
(II) Conveyance allowances(Max Rs.800/-p.m) 9600
(iii) Any Other Exempted Receipts/allowances (specify)---- 15000 -56310
3. Income under the head salaries 136509
4. Add: Any other income from other sources
1. Interest received from following Investments
a. Bank ( Saving /FD /Rec ) 0
b. N.S.C.(accrued/ Recd ) 0
c. Post Ofice M.I.S (6 yrs.) 0
d. Post Office Recring Deposit (5 yrs.) 0
e. Term Deposit (1 to 5 yrs.) 0
f. Saving Bonds (6yrs.) 0
g. Kishan Vikas patra 0
2. Any Other Income (specify)--- 0
3. Any Other Income (specify)--- 0 0
5. Income from house property 0
Less: Interest paid on housing loan(max150,000) 0 0
6. Gross Total Income 136509
7. Less: Deduction under Sec 80C
a. PF&VPF Contribution 8928
b. Life Insurance premiums 21000
c. PPF a/c Contribution 0
d. N.S.C (Investment +accrued Int first five year) 0
e. Housing. Loan (Principal Repayment ) 0
f. Tuition fees for 2 children 2400
g. E.L.S.S(Mutual Fund) 0
h. Tax Savings Bonds 0
I. FD (5 Years and above) 0
j. 80 ccc Pension Plan 0 -32328
8. Less: Deduction under chapter VI A
b. 80 D Medical Insurance premiums 0 0
c. 80 E Int Paid on Education Loan 0
d. 80G Donation to approved fund 0
e. Any other (Specify)--- 0 0
9. Total Income 104181
10. Total Taxable Income (Round off to nearest 10 rupees) 104180
11. Tax on Total Income NIL
12. Surcharge on Total Taxable Income 0
13. Total Tax Payable 0
14. Add; Edn Cess @ 3% 0
15. Net Tax Payable 0
16. Tax Deduction at Source 0
17. Balance Tax Payable/Refundable Refundable 0
Auto Tax Calculator by B.P.Choudhary (Tax Consu
Calculate your Tax in Just 5 Minutes
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5 Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your refference.
TAX RULES&OTHER USEFUL INFORMATION
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ADVISE
CALL M E F O R P R E S E N T A T I O N : B. P. C H O U D A R Y P h : 9 8 1 1 3 0 2 4 9 7, 9 2 1 1
Auto Tax Calculator by B.P.Choudhary (Tax Consultant
Calculate your Tax in Just 5 Minutes
Version 3.0 for the Financial year 2008- 09, Version 2.0 for the Financial year 2007- 08 & Version 1.0 for the
Available free, Mail me at ( bpchoudhary@gmail.com)or ( bpchoudhary@cons
Hello-Dears- I am Bijender Pal Choudhary. I am not a Software Professional, but am a Tax Consu
this Auto Tax Calculator with the information I have.
tax calculator may help to calculate the estimated tax payable by you.
If you find any inconsistency,correction or amendments, please let m
earliest . Please send a detailed e-mail at bpchoudhary@consultant.com or bp
This Calculator will be used to compute the Tax for Common salaried individuals only.
Easy to understand & similar as form 16.
You can Calculate your Income Tax in Calculation Sheet & print the Computation Sheet to use with your return filing.
Once you enter the amount in the blank cells. Other cells in Calculation & Computation Sheets will calculate data & Tax automatically.
5 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 phy
per month
Vehicle maintenance exemption can be claimed if you use a car for travel to the workplace. In such case, exemption can be claimed for th
The exemption is available to the tune of Rs.1,200/- per month if the engine capacity is less than 1600cc and Rs.1,600/- per month if the eng
the amount includes driver's salary, there is an additional exemption of Rs.600/- per month. When this exemption is claimed, transport allowa
Medical bills are exempt for self and dependent family, upto Rs.15,000/- per annum
LTA is exempt to the tune of ecomony class Train/ Air /Recognised public Transport fare for the family to any destination in India, by the sh
LTA can be claimed twice in a block of 4 calendar years. The current block is from 01.01.2006 to 31.12.2009. For claim, it is must to provide
u/s 24 There is an Exemption for interest on housing loan.(for Self occupiedResidence). If the loan was taken before Apr 1, 1999 exempt
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 r
This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whether you've p
If you have rented out your house, enter the total income/loss from the house (after deducting property tax and standard maintenance expen
u/s 80D Medical Insurance (such as Mediclaim & Critical illness Cover) premium is exempt upto (Rs 10,000/- for 2006-07) Rs.15,000/- (for 20
that for a dependent who is above 65 years of age, an extra Rs.5000/- can be claimed( for 2007-08 ) & Rs.15,000/- (for 2007-08 ) per year.
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
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
being treated is a senior citizen, the exemption can go up to Rs.60,000/-
u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely tax exemp
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 inco
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/-
u/s 80C Investments up to 1 lac in PF, VPF, PPF, Insurance Premium, Housing loan principal repayment, NSC, ELSS, etc. are deductible fro
individual items, for example 1 lac can be invested in Insurance, )
ADVISE
Mostly people gives estimated declaration at year starting to minimise their Tax Liabilities but could not save up to last or face hea
advisable to save from start on monthly basis through Bank ECS , Pls. get in touch with me for Tax saving schemes to mininimize
consultancy for Tax assessment and good Customise Security & investment Plans .
C A L L M E F O R P R E S E N T A T I O N : B. P. C H O U D A R Y P h : 9 8 1 1 3 0 2 4 9 7, 9 2 1 1 1 2 5 5
1577 SECTOR-5 R.K.PURAM NEW DELHI-110022