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India Income Tax Calculator

This document is a tax calculator for the fiscal year 2008-09 in India. It includes fields to enter information about gender, place of residence, number of children, salary breakdown including allowances and exemptions, investments and deductions to calculate taxable income and deductions under various sections of the Indian Income Tax Act. The calculator is blank as no information has been entered yet. It will provide a summary of total salary, exemptions, taxable income, and deductions once values are input.

Uploaded by

Pankaj Batra
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
6K views1 page

India Income Tax Calculator

This document is a tax calculator for the fiscal year 2008-09 in India. It includes fields to enter information about gender, place of residence, number of children, salary breakdown including allowances and exemptions, investments and deductions to calculate taxable income and deductions under various sections of the Indian Income Tax Act. The calculator is blank as no information has been entered yet. It will provide a summary of total salary, exemptions, taxable income, and deductions once values are input.

Uploaded by

Pankaj Batra
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Tax Calculator F.Y. 2008-09

Sex (for male - 1, for female - 0) 1


Place of Residence(For Metro
cities-0,For Non Metro cities-1) 1
Number of children 0
Salary Breakup Investment & April May June July August September October November December January February March Total
Bills Details
Basic -
HRA -
Transport Allowance -
Child Education -
Grade/Special Allowance -
Arrears -
LTA -
Leave Encashment -
Performance Incentive -
Medical Reimbursement -
Food Coupons\Periodical Journals -
Telephone Reimbursements -
Car Reimbursement -
Internet Expense -
Driver Salary -

TOTAL SALARY - - - - - - - - - - - - -

Less : Exemptions
Actual Rent paid as per rent receipts -
HRA Exemption - - - - - - - - - - - - -
EPF Employer Contribution -
Child Education Allowance - -
Medical Reimbursement - -
Transport Allowance - -
LTA -
Food Coupons - -
Telephone Reimbursement - -
Car Expenses Reimbursement - -
Internet expense - -
Driver Salary - -
Other Reimbursement - -
Balance Salary -
Professional Tax -
Net Taxable Salary -
Loss from House Property (interest component) -
Any other Income - -
Gross Total Income -

Deductions under chapter VIA


80C + 80CCC(Pension Fund): Amt. Invested
LIC Premium
Employee's contribution to PF
PPF
ELSS
Others -
Tution Fees paid -
Housing Loan Principal repayment -
Infrastructure Bonds -
Fixed Deposit for 5 yrs. or more -
Others -
Total of Section 80C -
Pension Fund (80 CCC)
Total Deduction under Section 80C & 80CCC - -

80D (Medical insurance premium) -


80E (Interest on Loan for Higher Education) - -
80U (Handicapped person) - -

Total Income -

Total Income rounded off -

Tax on Total Income -

Surcharge -
Tax Payable -
Education Cess @ 3% -
Balance -
TDS -
Net Tax Payable -

Monthly Deductions from salary April May June July August September October November December January February March
TDS -
Professional Tax -
Employee's PF Contribution -
Others
Employer's PF Contribution -

In Hand 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ADVANCE TAX SCHEDULE

Total Tax as per Consolidation Sheet: -

PARTICULARS % PAYABLE PAID DIFFERENCE


Payable upto 15th June, 2008 15% - - -
Payable upto 15th September, 2008 30% - - -
Payable upto 15th December, 2008 60% - - -
Payable upto 15th March, 2009 100% - - -

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