Instructions/ Informations for Using Salary Calculator

Entries can be made only in the Yellow Coloured Cells.

Yellow Coloured cells are password protected. The password is 'sky'

Investment Details

Fill what ever investments made so far and estimated to be made during the year in
deduction available is the actual amount of total investments as per Investment deta

Name of the Employee

Type your name in the cell provided

CTC
Type your Annaul CTC amount excluding performance bonus/variable pay/retainer fe

Performance Bonus or Variable Pay or Retainership Fees

Fill the amount of Variable Pay as per your offer Letter. Once you fill the amount the
and you can have all the details of F.Pay,V.Pay, TDS on V.Pay & Total take home pay

Annual Contribution to Mediclaim Insurance

Fill the amount of total contribution to Mediclaim Insurance policy. The maximum de
or Rs 15000 whichever is less.

Annual Interest paid on Housing Loan

Fill the amount of interest paid on housing loan for the year. The maximum deductio
Rs 150000 whichever is less

Annual Interest paid on Education Loan

Fill the amount of interest paid on higher education loan for the year. The deduction

Monthly Rent Paid

Fill the amount of monthly rent paid. If the amount is not uniform, then fill the avera
Number of Months up to 31/03/2008 from date of joining/revision of salary

This cell is for calculating number of months for which Tax has to be deducted at sou
considered as full month. So if balance number of months is 7 & half months, then ty
In case of employees already existing from 01/04/2007 fill it as "12"
ord is 'sky'

e during the year in Investment details sheet. The Maximum

per Investment details sheet or Rs 100000 whichever is less

able pay/retainer fees in the cell provided

fill the amount the total take home pay sheet gets updated
otal take home pay

. The maximum deduction available is the actual amount of contribution

maximum deduction available is the actual amount of Interest or

ear. The deduction is available for interest payment of 8 years

, then fill the average amount of Rent for a month

evision of salary

be deducted at source.For tax purposes, a part of a month is

half months, then type as "8" months in the cell.
it as "12"
 Investments eligible for decution U/S 80 C of I.T. Act

S.No Particulars of Investments during the year Amount

1 Contribution to PPF 25000
2 Contribution to Life Insurance Premium 15000
3 Investments in NSC 0
4 Investments in 5 yearly Fixed Deposits of Bank 0
5 Principal repayment amount of Housing Loan 0
6 Tution fees paid for 2 children in the year 0
7 Investments in approved shares 0
8 Investments in approved mutual funds 0

Total 40000
Please fill the details only for the months worked in previous organis
Please do not alter "0" cells

Previous Employment Salary Details

Employee Name

Form 16 Computation for FY 2008-2009 , AY 2009-201

Particulars AmountApr'08May'08Jun'08 Jul'08 Aug'08Sep'08Oct'08

Basic 0

HRA 0

Medical 15000 1250 1250 1250 1250 1250 1250 1250

Allowances 0

Variable Pay 0

Employer PF 0

Gross Salary 15000 1250 1250 1250 1250 1250 1250 1250

Deductions Apr May Jun Jul Aug Sep Oct

Loss of Pay 0

Employer PF 0 0 0 0 0 0 0 0

Employee PF 0

PT 0

Income Tax 0

Others 0

Total 0 0 0 0 0 0 0 0

Net Salary 15000 1250 1250 1250 1250 1250 1250 1250
in previous organisation

t Salary Details

08-2009 , AY 2009-2010

Nov'08Dec'08Jan'09Feb'09Mar'09 Total

1250 1250 1250 1250 1250 15000

1250 1250 1250 1250 1250 15000

Nov Dec Jan Feb Mar Total

0 0 0 0 0 0

0 0 0

0 0

0 0 0 0 0 0

1250 1250 1250 1250 1250 15000

 C Ahead Info Technologies India Pvt Ltd
Salary Calculator
Name of the Candidate/Employee Anil kumar Damhodara
PAN of the Employee
Date of Joining 01-Jul-07
Financial Year ending date 31-Mar-09
Annual Fixed Pay - Rs.
Variable Pay or Performance Bonus or Retainership Fees
Annual CTC - Rs
Estimated Annual Contribution to Mediclaim Insurance if any
Estimated Annual Interest Paid on Housing Loan availed if any
Estimated Annual Interest Paid on Education Loan availed if any
Estimated Monthly Rent (if any) payable by the employee
Number of months up to 31/03/09 from 01/04/08/date of
joining/revision
Estimated Annual Investments eligible for deduction U/S 80 C of
I.T.Act
Monthly Fixed Pay - Rs.
Minimum Rent to be paid to claim whole amount of HRA as
exemption
HRA of Previous Employment/ Previous Salary Structure
HRA Exemption per month for rent paid
TDS per month after considering all exemptions & Invesments
Net Take Home Fixed Pay

Salary Structure Details

Basic Pay (40% of Monthly Fixed Pay ) -
HRA (40% of Basic Pay ) -
Total Fixed Pay per month
Total Allowances per Month
Employer's Contribution to PF(12% of Basic )
FBT ( Fringe Benefit Tax payable by Company )
Net Fixed Pay per Month

Net Take Home Fixed Pay Details

Monthly Salary
Less: Deductions
Profession Tax 200
Employer's Contribution to PF(12% of Basic ) -
Own Contribution to PF (12% of Basic) -
TDS
FBT ((Income Tax deduction
Fringe Benefit )
Tax payable by #DIV/0!
Company) 139
Total Deductions
Net Take Home Fixed Pay

Actual Net Take Home Fixed Pay Considering postponed income of PF

Net Take Home Pay
Add:
Employer's & Own Contributions to PF which will be received
by the employee in future hence not a cost to the employee
Interest @ 8.5% P.A. on the contribution
amount for 1 Month
Actual Net Take Home Fixed Pay Considering postponed income
of PF

Permanent Tax Cost to the Employee per month(Only on Fixed Pay )

Profession Tax
Income Tax ( TDS )
Fringe Benefit Tax (FBT )
Total Permanent Tax Cost to the Employee per month
Net permanent tax cost percentage on salary

Components of Salary Structure

Particulars Month
Fixed Pay
Basic Salary -
House Rent Allowance -
Total -
Reimbursements /Allowances
Medical Reimbursement 1,250
Food,
Petrol,Drinks & Beverages
Traveling Reimbursement
& Conveyance 600
Reimbursement 800
Mobile ChargesReimbursement -
Other Allowances (2,789)
Total (139)
Retirement Benefits
Employer Contribution to PF -
Total -
Fringe Benefit Tax
Medical Reimbursement 85
Food,
Petrol,Drinks & Beverages
Traveling Reimbursement
& Conveyance 41
Reimbursement 14
Mobile ChargesReimbursement -
Total 139
Total Salary -
Less : Exemptions
House Rent Allowance 0
Medical Allowance 1,250
Food,
Petrol,Drinks & Beverages
Travelling Reimbursement
& Conveyance 600
Reimbursement 800
Mobile ChargesReimbursement -
Company's Contribution to PF -
Fringe Benefit Tax paid by Company 139
Total 2,789
Gross Salary
Gross Salary before HRA Exemption

Gross Salary for Months Worked in CAT

Gross Salary of Previous Employment
HRA Exemption for the Whole Year
Less : Deducations U/s 16
Tax on Employment 200
Tax on Employment in Previous Employment
Taxable Salary
Less : Deduction U/s 80C
1. PF - Employee -
2. PF - Employee in Previous Employment
2. Other Investments
Total Eligible Amount U/S 80 C
Deduction U/S 80 D for mediclaim Insurance
Deduction U/S 80 E for Int on Education loan

Total deductions

Less: Interest paid on Housing Loan

Net Taxable Income for the Months Worked

Tax Liability
Add : Surcharge @ 10%

Marginal Relief Calculation

Marginal Relief claimed

Add : Education Cess @ 3%

Total Tax Liability
Tax Deducted by Previous Employer
Tax Liability per month
Monthly Take Home Pay
Fixed Pay -
Other allowance (139)
Less : Deductions
Profession Tax 200
Provident Fund -
Income Tax #DIV/0!
Net Take Home Pay

Tax on Performance Pay

Taxable Fixed Income

If I Half Year P.Pay falls within the FY 25000
If II Half Year P.Pay falls within the FY 0

25000
Total Performace Pay
Total Taxable Income

Tax liability
Add : Surcharge @ 10%

Marginal Relief Calculation

Marginal Relief claimed

Add : Education Cess @ 3%

Total Tax Liability
Excess Tax Paid on Performace Pay
TDS Pay outs on Performance Pay
I Half Year #DIV/0!
II Half year 0

Total TDS on P.Pay #DIV/0!

t Ltd

nil kumar Damhodara

01-Jul-07
31-Mar-09

50000
50000
15000
0
0
0

40000
-

0
#DIV/0!
#DIV/0!

-
(139)
-
139
-

-
 #DIV/0!
#DIV/0!

oned income of PF
#DIV/0!

#DIV/0!

nly on Fixed Pay )

200
#DIV/0!
139
#DIV/0!
#DIV/0!

Annual

-
-
-

15,000
7,200
9,600
-
(33,472)
(1,672)

-
-

1,020
489
163
-
1,672
 -

0
15,000
7,200
9,600
-
-
1,672
33,472
(33,472)
(33,472)

- HRA Exemption Calculation

0 Excess of Rent Over 10% of Sal 0
0 Actual HRA 0
40% of Basic Salary 0
- HRA Exemption Amount 0
0
-

-
0
40000
40,000
15000
0

55,000

0
(55,000)

-
0
-
0
0
-
-
-
0
#DIV/0!

(139)
#DIV/0!
#DIV/0!

Performance Pay Payment Periods

(55,000) Employee Name Anil kumar Damhodara
Date of Joining 01-Jul-07
At the Percenta Date
Year Half Year End of ge Due
1/10/200 Payment
31/10/20
I I 7th Month 50.0% 8 08
30/04/20
I II 13th Month 50.0% 1/4/2009 09
25,000
(30,000) Total for the Year

-
0
-
0
0
-
-
-
#DIV/0!
mar Damhodara
01-Jul-07
Amoun
t
25000
25000

50000
 D.O.J.
Form 16 Computation for FY 2008-2009 , AY 2009-2010
Particulars Amount Apr May Jun Jul Aug Sep Oct Nov
Basic 0 0 0 0 0 0 0 0 0
HRA 0 0 0 0 0 0 0 0 0
Lunch Reimb. 7200 600 600 600 600 600 600 600 600
Medical Reimb. 15000 1250 1250 1250 1250 1250 1250 1250 1250
Petrol Reimb. 9600 800 800 800 800 800 800 800 800
Mobile Reimb. 0 0 0 0 0 0 0 0 0
Allowances (33472) (2789) (2789) (2789) (2789) (2789) (2789) (2789) (2789)
FBT 1672 139 139 139 139 139 139 139 139
Employer PF 0 0 0 0 0 0 0 0 0
I Half Yr P.Pay 25000
II Half Yr P.Pay 0
Total P.Pay 25000
Gross Salary 25000 0 0 0 0 0 0 0 0
(-)Exemptions: Months Worke
HRA 0 Rent paid during the year 0 Apr May
Lunch Reimb. 7200 Yes Yes
Medical Reimb. 15000 Oct Nov
Petrol Reimb. 9600 Yes Yes
Phone Reimb. 0 Apr May Jun Jul Aug Sep Oct Nov
LOP - F.P. 0 0 0 0 0 0 0 0 0
LOP - V.P. 0 0 0 0 0 0 0 0 0
FBT 1672 Which P.Pay falls within th
Employer PF 0 I Half Year
Total 33472 Yes
Net Salary (8472)
(-)Ded. U/s 16 Apr May Jun Jul Aug Sep Oct Nov
PT 2400 200 200 200 200 200 200 200 200
Taxable Salary ###
(-)Ch-VIA Deductions
80 C
LIP, Inv 40000 Apr May Jun Jul Aug Sep Oct Nov
Employee PF 0 0 0 0 0 0 0 0 0
80 D 15000
80 E 0
Total 55000
(-) Hsg Loan Int. 0
Total Income ###
Tax on Income 0
(+)S.C.@ 10% 0
 0
(+)Cess @ 3% 0
Total Tax 0 Apr May Jun Jul Aug Sep Oct Nov
(-) TDS on F.P #DIV/0! ### ### ### ### ### ### ### ###
(-)TDS on PP.I #DIV/0!
(-)TDS on PP.II 0
Prev.Emp.TDS 0 0 0 0 0 0 0 0 0
CAT TDS ### ### ### ### ### ### ### ### ###
Total TDS #DIV/0! ### ### ### ### ### ### ### ###
Balance Payable#DIV/0!
F.P. (Sal) ### ### ### ### ### ### ### ###
Reimb. 2650 2650 2650 2650 2650 2650 2650 2650
I Half Year II Half Ye
P.P #DIV/0! 0
Take Home Total ### ### ### ### ### ### ### ###
 ###
D.O.L
9 , AY 2009-2010 Number of Days Employeed as on the Last day o
Dec Jan Feb Mar Total 30-Apr-07 0
0 0 0 0 0 ### 0
0 0 0 0 0 30-Jun-07 45
600 600 600 600 7200 31-Jul-07 75
1250 1250 1250 1250 15000 ### 105
800 800 800 800 9600 ### 135
0 0 0 0 0 31-Oct-07 165
(2789) (2789) (2789) (2789) (33472) ### 195
139 139 139 139 1672 ### 225
0 0 0 0 0 31-Jan-08 255
### 284

0 0 0 0 0 ### 315
Months Worked in CAT 30-Apr-08 345
Jun Jul Aug Sep ### 375
Yes Yes Yes Yes 30-Jun-08 405
Dec Jan Feb Mar
Yes Yes Yes Yes
Dec Jan Feb Mar Total 10000 1250
0 0 0 0 0
0 0 0 0 0
P.Pay falls within the FY?
II Half Year
No

Dec Jan Feb Mar Total

200 200 200 200 2400

Dec Jan Feb Mar Total

0 0 0 0 0
Dec Jan Feb Mar Total
### ### ### ### ###
0

0 0 0 0 0
### ### ### ### ###
### ### ### ### ###

### ### ### ### #DIV/0!

2650 2650 2650 2650 31800
II Half Year
0 #DIV/0!
### ### ### ### #DIV/0!
d as on the Last day of
Details Required

1. Rent Receipts to be submitted quarterly

2. Medical bills of Rs 1250 per month to be submitted quarterly
3. Petrol bills as specified in your salary structure have to be submitted quarterly
4. Copies of Receipts/Details required to be submitted quarterly for the following:
Investments made in PPF
Investments made in NSC
Housing Loan Principal & Interest Certificate from the Bank
Mediclaim Insurance Premium
Life Insurance Premium
Interest on Education Loan certificate from Bank
Fixed Deposit certificate
5. PAN details to be submitted if not provided earlier
6. As per Sandeep's Instructions, if bills/details are not provided before the end of
will be reversed and will be adjusted in the subsequent months on submission of b
7. For the current & next quarter, the last date of submission of bills/details is 29/09/2007
8.Please intimate the Finance department for any change in your CTC before the salary finali
following:

before the end of a particular quarter, then the tax deductions calculated earlier
on submission of bills/details
ils is 29/09/2007
fore the salary finalisation date
d earlier