TDS on salary Calculator

							                  CA Prakash Somani
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                        Tax Calculation Sheet for the Financial Year 2008-09

Emp Name
Dept
Date of Joining
PAN NO.
Address
Designation

                     Salary Components                           Amount (Rs.)          Amount (Rs.)
Basic                                                                          -
DA                                                                             -
HRA                                                                            -
OT                                                                             -
Convenyance Allowance                                                          -
Washing Allowance                                                              -
Education Allowance                                                            -
Special Allowance                                                              -
Medical Allowance                                                              -
LTA                                                                            -
Ex Gratia                                                                      -
Leave Encashment                                                               -
Others                                                                         -
Total Salary                                                                                     0.00
Add: Perquisites
Motor Car
Gross Salary
Less : Deduction from salary income (Sec 16)
a) Professional Tax                                                                                   0
b) Entertainment Allowance
Gross Salary after deductions                                                                    0.00
Less : Exemptions u/s 10 & 17
HRA Exemption u/s 10(13A)                                                      -
Transport Exmeption u/s 10 (14)                                                    0
Other Exemptions u/s 10(10) gratuity etc.
Medical bill exemption u/s 17(2)                                                   0
Children Education Allowance exemption 10 (14)
LTA Exemption u/s 10(5)
Total Exemptions                                                                                 0.00
Income under the head Salary                                                                     0.00
Less : Interest on housing loan (u/s 24(b)
Gross Total Income                                                                               0.00
Deductions under chapter VI - A
Deductions u/s 80 C & 80 CCC                                                       0
Medical insurance premium (Sec 80D)
Medical for handicapped dependents (Sec 80DD)
Medical for specified diseases (Sec 80DDB)
Repayment of loan taken for higher education (Sec 80E)
Donation to approved fund (Sec 80G)
Rent dedution (Sec 80GG) only if HRA not received
Deduction for permanent disability (Sec 80U)
Total Deductions                                                0
Total Income                                                 0.00
Tax on above                                             0
Add: Surcharge                                               -
Add: Education Cess                                          -
Total Tax payable                                            -
Less : Income Tax Paid                                       -
Balance Tax payable                                          -
No of Months left                                                6
Monthly TDS to be dedcuted                                   -
For any Query: p_somani@yahoo.co.in
www.psomani.caclubindia.com
                                                                           Months
        Particulars         Apr-08   May-08   Jun-08   Jul-08   Aug-08   Sep-08
Basic
DA
HRA
OT
Convenyance Allowance
Washing Allowance
Education Allowance
Special Allowance
Medical Allowance
LTA
Ex Gratia
Leave Encashment
Others (If Applicable)
Total                           0         0       0        0         0       0

Professional Tax
Income Tax Paid
Provident Fund (Employee)
Months
         Oct-08   Nov-08   Dec-08   Jan-09   Feb-09   Mar-09 Total
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
                                                                     0
             0        0        0        0        0         0         0

                                                                     0
                                                                     0
                                                                     0
  HRA Calculation
Details of Monthly Rent paid


     Month           Amount (Rs.)

           Apr-08

          May-08
           Jun-08
            Jul-08
          Aug-08
          Sep-08
           Oct-08
          Nov-08
          Dec-08
           Jan-09
          Feb-09
          Mar-09
Total Rent Paid                         0

Acutal HRA Recd                     -

40% of Salary                       -
Excess of rent
over 10% of
Salary                              -
HRA Exemption
(Least of C,D,E)                    -
Deductions u/s 80C and 80CCC
Particulars                                               Amount (Rs.)
Provident Fund (Employee's Share)                                        0
LIC Premium
PPF
NSC
Interest on NSC
ULIP
ELSS
Notified Mutual Fund
Principal on Housing Loan
Child Education Fees
Infrastructure Bonds
Sec - 80CCC Premium paid under Pension Policy
Term deposits for a period not less than 5 years with a
Notified annuity plan of LIC or any other insurer
                           Total                                         0