Tax Calculator 2011
Document Sample
Income Tax Calculator
Version 13.0
© 1997-2011, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com
PLEASE ENTER YOUR NAME HERE
DISCLAIMER
This tax calculator can be used to calculate the approximate tax payable by salaried individuals. This should NOT be used to
compute the actual taxes to be paid to the Government. The author is not resposible for any inaccuracies in the tax computed by
this calculator. If you find any inconsistency, please let me know and I will try to fix it at the earliest
PLEASE READ THESE INSTRUCTIONS CAREFULLY
1 This sheet can be used to compute the tax for salaried individuals only
2 Enter the numbers only in the yellow-colored cells. You will not be able to enter data in other cells
3 Do not leave any yellow cell (that expects numbers) blank. This may lead to incorrect calculation. Instead, enter 0
4 The darker yellow colored cells (with green text) constitute the setup parameters, which you may have to set only once. Ensure that all setup parameters in
cells C4 to C20 and AA51 to AA73 are setup prior to using the calculator
5 Depending on your company policy, change cells C4 to C20 to select elements of your salary that count towards calculation of PF
6 If you are in Delhi, Mumbai, Kolkata or Chennai, change the location to Metro in Cell AA51. If you have moved from a metro to non-metro or vice-versa
during the year, change the cells D47 to O47
7 Enter the PF deduction percentage in cell AA54 depending on your company policy. In addition, if your company limits the PF to a certain amount, enter that
amount in cell AA55. If there is no PF deduction, enter 0% in cell AA54. If the PF percentage changes during the year (due to change in employer or
otherwise), change cells D48 to O48
8 If you have opted for VPF (Voluntary Provident Fund), change cell AA58 depending on whether the deduction is done as a percentage of salary or as a fixed
amount. If percentage, enter percentage in cell AA56. This will apply same percentage throughout the year. If percentage changes month to month, enter
the percentage for each month in cells D43 to O43 (If you leave any of these cells at 0, the default percentage from cell AA56 will be taken for that month).
If the deduction is a fixed amount, enter the amount for each month in cells D43 to O43
9 If the interest rate on PF is other than 8.5%, change the value in cell AA57
10 If you are claiming exemption on housing loan interest, remember to update cells AA60 and AA61 (see below for the rules)
11 If you are claiming exemption for medical insurance that includes premium for a dependent over 65 years, change cell AA63
12 If you are claiming exemption for medical treatment for specific diseases for a dependent over 65 years, change cell AA64
13 If any of your dependents have severe (>80%) permanent physical disability, change cell AA65
14 If you have a permanent physical disability, change cell AA66 and AA67
15 If you are above 65 years of age, change cell AA68. You will get additional exemption
16 If you are a woman, remember to change cell AA69. You will get additional exemption
17 If you live in company-provided house, change cell AA70 and AA71; 15% of salary will be added as perks for cities with more than 25 lacs population (as per
2001 census), 10% for cities with population of 15 lacs to 25 lacs, and 7.5% for other cities. If rent has been paid (cells D26 to O26), the same will be
deducted from this perks amount
18 If you are using company provided car for both official and personal use, update cells D44 to O44. If the company also provides driver, update cells D45 to
O45. If company bears the running and maintenance expenses for the car, update cell AA72. Also update the size of the car in cell AA73 (in terms of engine
cubic capacity)
19 If you have been out of India during the year, update cells D46 to O46 so that conveyance exemption is computed correctly
20 If you have taken company loans at discounted interest rates, please enter the details in the sheet "Perquisites"
21 You can enter the opening balance in your PF account as at the beginning of the year in cell D40 and PF loans/withdrawals in cells D39 to O39 to calculate
the closing balance (including employer's contribution) in your account at the end of the year
22 Update the earnings (cells D3 to O20) with expected earnings during the year. On the deductions side, enter the expected rent payment, Profession Tax and
Life Insurance Salary deduction details for all months.
23 Enter expected bonus in Cell R21, if bonus for the year has not been paid yet. If paid, enter the actual amount
24 Enter any other earnings related to salary in cell S21
25 If tax has been deducted outside salary (such as TDS for bank deposit, etc.), enter the amount so deducted in cell G76
26 Enter any capital gains that are taxable at nominal tax rate (Stocks sold outside of registered stock exchanges, for example) in cell G58
27 Enter the remaining months in current financial year in Cell G79, to figure out the tax per month
28 You can change the headings for the 10 "Misc" earnings and the 9 "Oth Ded" deductions columns to suit your salary structure
29 Rent can be entered in cells D26 to O26, if deducted through salary; Otherwise enter annual figure in Q26 to S26. If you enter rent amount in any cell
between D26 to O26, do not enter any amount in cells Q26 to S26 and vice-versa
30 Enter expected investments/savings/expenses information in cells N53 to N82
31 Other exemptions entered in cell N53 is not validated. So, please be sure about the amount entered
Page 1 of 11
Income Tax Calculator
Version 13.0
© 1997-2011, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com
32 Enter non-salary related other income (such as from interest) in cell N62
33 You can enter the details of NSC's purchased during the last 5 years in the "NSC Accrued Interest" sheet to calculate the accrued interest automatically.
This interest is exempt under sec 80C. This interest is also taxable either on accrual basis every year or when received
34 You can enter details of Stocks sold during the year in the "Capital Gains" sheet to calculate the tax applicable
35 HRA exemption is calculated on monthly basis and added up, which may not always be correct if your HRA, Rent or Basic+DA change month on month. In
such cases, and if you have not moved from a metro to non-metro or vice-versa in the middle of the year, enter the rent details only in cells Q26 to S26 and
NOT in cells D26 to O26. This will calculate the exemption on the total basis instead of monthly basis
Page 2 of 11
Income Tax Calculator
Version 13.0
© 1997-2011, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com
TAX RULES & OTHER USEFUL INFORMATION
1 HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA)
2 Transport allowance is exempt upto Rs.800/- per month provided the person is in India during the month. For people having permanent physical disability,
the exemption is Rs.1,600/- per month
3 Medical bills are exempt for self and dependent family, upto Rs.15,000/- per annum
4 LTA is exempt to the tune of ecomony class airfare for the family to any destination in India, by the shortest route.
LTA can be claimed twice in a block of 4 calendar years. The current block is from Jan 2010 to Dec 2013
5 Uniform allowance is exempt to the extent of bills produced for purchase of uniforms
6 Gratuity, VRS and some such amounts are exempt upto certain limits. If you get any such payment, please find out the exact limit for you from a tax
consultant and enter in cell N53
7 Children's Education allowance is exempt upto Rs.100/- per child per month plus Rs.300/- per child per month for hostel expenses (max of 2 children only)
8 There is an exemption for interest on housing loan. If the loan was taken before Apr 1, 1999 exemption is limited to Rs.30,000/- per year. If the 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 rented out.
This exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whether you've paid it or not. If
the loan is taken jointly by two individuals both can claim this exemption
9 If you have rented out your house, enter the total rent income/loss from the house (after deducting property tax and 30% of rent as standard maintenance
expenses) in cell N60
10 Medical Insurance (such as Mediclaim) premium is exempt upto Rs.15,000/- per year for self, spouse & dependent children. An additional Rs.15,000/- is
exempt towards premium for parents (even if they are not dependent). If the parent(s) are above 65 years of age, an extra Rs.5,000/- can be claimed
11 Deduction in respect of medical treatment of handicapped dependents is limited to Rs.50,000/- per year if the disability is less than 80% and Rs.1,00,000/-
per year if the disability is more than 80%
12 Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed upto Rs.40,000/- per year. If the
person being treated is a senior citizen, the exemption can go up to Rs.60,000/-
13 Interest repayment on education loan (taken for higher education from a university for self, spouse & children) is tax exempt from the 1st year of repayment
up to a maximum of 8 years. There is no exemption for Principal payment
14 Donations given for certain charities are tax exempt. Some are exempt to the tune of 50%, whereas others are 100%. Please enter the actual amount
exempt, in cell N69
15 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 income or rent paid - 10% of
total income or Rs.24,000/- per year)
16 Donations for certain scientific research and rural development are exempt. Please enter the actual amount exempt in cell N72
17 Interest earned from all sources is to be included in cell N62. All interest income (including Savings bank intererst) is fully taxable
18 If you have a permanent physical disability (including blindness), you can take an exemption of up to Rs.75,000/- per year
19 Investments up to 1 lac in PF, VFP, PPF, Insurance Premium, Housing loan principal repayment, NSC, ELSS, long term bank Fixed Deposit, Post Office Term
Deposit, etc. are deductible from the taxable income under sec 80C. There is no limit on individual items, so all 1 lac can be invested in NSC, for example.
The only exception is PPF where the maximum investment is limited to Rs.70,000/-. An additional Rs.20,000/- can be invested in long-term infrastructure
bonds, taking total investment exemption to 1.2 lacs
20 As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or concessional education facilities,
employee stock option plan, free club membership, company provided credit card, gift vouchers, meal coupons, hotel stay beyond 15 days, are fully taxable.
This tax calculator calculates the tax incidence for accommodation and car. If you receive any other perquisite, please include the value of such perquisite
in cell S21
21 For the current year, Govt. prescribed rate of interest for PF is 8.5%. If the employer pays interest higher than this, the differential interest earned is treated
as perquisites
22 Residents of Sikkim are exempt from Income Tax
Page 3 of 11
Income Tax Calculator
Version 13.0
© 1997-2011, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com
HOW TO GET AN UPDATE / CONTACT ME
1 This tax calculator constantly gets updated to fix errors found as well as to add new features
2 This may also be changed when there are changes in tax rules that affect income tax computation
3 The latest version of this tool is available for free download from the Internet at http://taxcalc.ynithya.com/
4 Please check back frequently (at least once every 2 months) to see that you have the latest version. You can compare the version number at the top of this
instructions page. However, if you have subscribed, you will automatically receive updates
5 You can also send a blank e-mail to taxcalc@ynithya.com with only the subject line as "SEND TAXCALC" and the latest version of tax calculator will be e-
mailed to you within a day or two
6 If you want me to send you a new version whenever I update, please send a blank e-mail to taxcalc@ynithya.com with only the subject as "SUBSCRIBE".
There are no charges for subscription
7 If you find any inaccuracy in the calculation or want clarification on some aspect of the tax calculator, please send an e-mail to taxcalc@ynithya.com with
subject as "CLARIFICATION" and I will try to reply within a week
8 If you are already on my list and no longer want to get updates, send a blank e-mail to taxcalc@ynithya.com with only the subject as "UNSUBSCRIBE"
9 While sending e-mail, please ensure that the subject line is exactly as given here (without the quotes), because the processing is done automatically. Other
mails will be deleted automatically
10 Since I am not a chartered accountant or a tax consultant, I am not in a position to answer specfic queries related to taxation. You will have to contact
a tax consultant for your specific queries
Click here to go to the tax calculation sheet
REVISION HISTORY
Version 13.0; Release date: April 20, 2010
Updated for FY 2010-11 based on budget proposals
Version 12.0; Release date: August 02, 2009
Updated for FY 2009-10 based on budget proposals. Fixed some errors
Version 11.0; Release date: April 14, 2008
Updated for FY 2008-09
Version 10.1; Release date: April 11, 2007
Fixed some errors in PF calculation and perquisites valuation, added Capital Gains Tax calculation
Version 10.0; Release date: March 25, 2007
Updated for FY 2007-08. Reformatted to include more heads for income & deductions
Version 9.1; Release date: July 29, 2005
Updated to include the budget revisions, NSC interest calculation error corrected, Surcharge calculation fixed
Version 9.0; Release date: May 01, 2005
Updated for financial year 2005-06, corrections and enhancements incorporated
Version 8.2; Release date: January 14, 2005
Fixed some errors in calculation of HRA exemption, surcharge, section 88D rebate, etc.
Version 8.1; Release date: September 18, 2004
Updated to include the budget revisions
Version 8.0; Release date: May 10, 2004
Updated for financial year 2004-05, corrections and enhancements incorporated
Version 7.1; Release date: May 08, 2003
Updated to correct mistakes in: perquisites calculation, children's education rebate under section 88 and inclusion of interest income in gross income
Version 7.0; Release date: April 18, 2003
Updated to include the new budget proposals for financial year 2003-04
Version 6.5; Release date: March 03, 2003
Corrections: Housing loan interest and House/property income/loss was not being accounted correctly. Next year's (Financial year 2003-04) version 7.0
should be out sometime in late April or early May 2003
Version 6.4; Release date: February 25, 2003
Corrections: Std. deduction calculation, housing interest accounting, LIC SSS accounting, Perks calculation (different interest rates for the 2 loans)
Page 4 of 11
Income Tax Calculator
Version 13.0
© 1997-2011, Nithyanand Yeswanth
Available for free download at: http://taxcalc.ynithya.com/
email: taxcalc@ynithya.com
Version 6.3; Release date: January 09, 2003
Corrections: Problem in tax rebate calculation when the salary is between 1 lac and 2 lacs; Housing loan interest calculation
Version 6.2; Release date: January 07, 2003
Updated to fix some errors in calculation of Std. deduction, Tax rebate, Vehicle maintenance exemption, Perquisites, etc.
Version 6.1; Release date: May 15, 2002
Updated to include the changes as passed in the finance bill; Fixed some minor defects
Version 6.0; Release date: April 10, 2002
Updated to include the new budget proposals for financial year 2002-03
Page 5 of 11
4/8/2012 Income Tax Projections for Financial Year 2010-11 Page 6 of 11
PLEASE ENTER YOUR NAME HERE
Incl PF? Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total Perks Bonus Others Gross
Basic Y 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DA Y 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Convey N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
HRA N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Ch. Educ N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Medical N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
LTA N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Uniform All. N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Earnings
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Misc N 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Prof tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
VPF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
IT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Life Insur. 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deductions
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oth Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Tot Ded 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Loan/Wdwl 0 0 0 0 0 0 0 0 0 0 0 0
OB 0 0 0 0 0 0 0 0 0 0 0 0 0
PF
Int 0 0 0 0 0 0 0 0 0 0 0 0 0
CB 0 0 0 0 0 0 0 0 0 0 0 0 0
VPF % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Co. Car used? N N N N N N N N N N N N
Co. Car driver? N N N N N N N N N N N N
In India? Y Y Y Y Y Y Y Y Y Y Y Y
Metro/non? N N N N N N N N N N N N
PF% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Tax Computation Exemptions under section 10 & 17 Produced Limited SETUP PARAMETERS
Gross Salary 0 HRA Exemption (Sec 10 (13A)) 0 0 Metro/Non-metro (M or N) N
Profession Tax 0 Transport Exemption (Sec 10(14)) 0 HRA Exempt limit (of Basic+DA) 40%
Exemptions under section 10 & 17 0 Other exemptions under Sec 10 (10) (gratuity, etc.) 0 0 PF/VPF deductions
Gross Salary after Section 10 & 17 exemptions 0 Medical Bills Exemption (Sec 17(2)) 0 0 PF as a percentage of "Salary" 12.00%
Accommodation & Car Perquisites 0 Children's Education Allowance Exemption (sec 10 (14)) 0 0 PF limited to Rs. (if there is a max. limit for deduction) 0
Income chargeable under head 'Salaries' 0 LTA exemption (Sec 10(5)) 0 0 VPF as a percentage of "Salary" 0.00%
Income chargeable under head 'House/Property' 0 Uniform expenses (Sec 10(14)) 0 0 Interest rate on PF/VPF 8.5%
Income chargeable under head 'Capital Gains' at nominal rate 0 Total Exempted Allowances 0 VPF as "Percentage of salary" or "Fixed amount"? (P or F) P
Income chargeable under head 'Other Sources' 0 Other income Produced Limited For Housing Loan
Gross Total Income 0 House/property income or loss (enter loss as negative) 0 0 House self-occupied? (Y or N) Y
Deductions under chapter VI-A 0 Interest on housing loan (for tax exemption) 0 0 Loan taken after Apr 1, 1999? Y
Deductions under sec 80C 0 Other income (interest, etc.) 0 0 Miscellaneous
Net taxable income 0 Deductions under Chapter VI-A Produced Limited Sr. citizen included in medical insurance premium? (Y or N) N
Medical Insurance Premium (sec 80D) 0 0 Sr. citizen included in medical treatment u/s 80DDB? (Y or N) N
Tax Slabs Tax rate Appl Amt Balance Tax Medical Insurance Premium for parents (sec 80D) 0 0 Dependents have permanent physical disability (>80%)? (Y or N) N
00000 - 160000 0% 0 0 0 Medical for handicapped dependents (Sec 80DD) 0 0 Have permanent physical disability? (Y or N) N
160001 - 500000 10% 0 0 0 Medical for specified diseases (Sec 80DDB) 0 0 Is the permanent physical disability severe (>80%)? (Y or N) N
500001 - 800000 20% 0 0 0 Higher Education Loan Interest Repayment (Sec 80E) 0 0 Are you a senior citizen (age above 65 years)? (Y or N) N
> 800000 30% 0 0 Donation to approved fund and charities (sec 80G) 0 0 Male or Female M
Tax on Income 0 Rent deduction (sec 80GG) only if HRA not received 0 0 Do you live in Company provided accommodation? (Y or N) N
Capital Gains Tax (from Stocks) 0 Deduction for permanent disability (80U) 0 If living in Co. acco, population of your city <15lacs
Education Cess 0 Any other deductions 0 0 Does company bear running/maint expenses for car? (Y or N) N
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
4/8/2012 Income Tax Projections for Financial Year 2010-11 Page 7 of 11
PLEASE ENTER YOUR NAME HERE
Total Tax Liability 0 Total Deductibles 0 Vehicle cubic capacity > 1600cc? (Y or N) N
Deductions under Chapter VI (sec 80C) Produced Limited
Total Income tax paid from salary 0 Pension scheme (sec 80C) 0 0
Tax paid outside of salary 0 NSC (sec 80C) 0 0
Income tax due 0 Public Provident Fund (sec 80C) 0 0
Employees Provident Fund & Voluntary PF (sec 80C) 0 0
Remaining months in year 12 Children's Education Tuition Fees (sec 80C) 0 0
Housing loan principal repayment (sec 80C) 0 0
Insurance premium & others (MF, ULIP, FD, etc.) (sec 80C) 0 0
Balance Tax payable 0
Long-term Infrastructure Bonds (sec 80CCF) 0 0
© 1997-2011, Nithyanand Yeswanth (taxcalc@ynithya.com) Total Investments 0
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
4/8/2012 Perquisites Valuation for Income Tax Projections Page 8 of 11
PLEASE ENTER YOUR NAME HERE
Perquisites Value of Loans Taken from the Company
PC Soft Salary Education Marriage Other Other Other
Housing Loan Vehicle Loan Phone Loan
Loan Loan Loan Loan Loan Loan Loan Loan
Original Loan Amount 0 0 0 0 0 0 0 0 0 0 0
Loan Taken In Month/Year
Loan Closed Month/Year
No. of instalments 100 50 36 36 10 36 15 36 50 36 50
Co. interest rate 0.00% 4.00% 0.00% 4.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.00% 0.00%
EMI 0 0 0 0 0 0 0 0 0 0 0
Second Loan Details (if loan of same type is taken again during the year) -- see Instructions below
Original Loan Amount 0 0 0 0 0 0 0 0 0 0 0
Loan Taken In Month/Year
Loan Closed Month/Year
No. of instalments 100 50 36 36 10 36 15 36 50 36 50
Co. interest rate 0.00% 4.00% 0.00% 4.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.00% 0.00%
EMI 0 0 0 0 0 0 0 0 0 0 0
Prescribed interest rate 10.00% 10.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Total value of Perquisites for the year 0
© 2001-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
Instructions:
1. Enter the original loan amount, the month in which the loan was taken (e.g., DEC-2005), number of instalments and company interest rate in rows 5, 6, 10 and 11 respectively
2. If the loan was pre-closed, enter the month in which it was pre-closed (e.g., AUG-2008) in row 7. Otherwise leave blank
3. If you have taken another loan of same type, enter similar details in rows 14 through 20. For example, a Soft Loan taken in JUL-2005 may have
completed its term (or pre-closed) in JUN-2008. These details can be entered in rows 5 through 11. Suppose another Soft Loan is taken in SEP-2008, those details
may be entered in rows 14 through 20
4. You can change the headings of the loans, if required. However, remember to change the corresponding "prescribed interest rate" in Row 23 as well
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
4/8/2012 Accrued Interest for NSC Page 9 of 11
PLEASE ENTER YOUR NAME HERE
NSC Accrued Interest Calculation
Certificate No. Date of Purchase Amount invested Accrued Interest
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
0 0.00
Total Accrued Interest 0.00
© 2001-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
Instructions:
1. Enter details of all NSCs purchased between 1-Apr-2004 and 31-Mar-2010
2. NSCs purchased before or after this date do not accrue interest for this financial year
3. Entry of certificate number is optional
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth
4/8/2012 Capital Gains Tax Calculation Page 10 of 12
PLEASE ENTER YOUR NAME HERE
Capital Gains Tax Calculation
(Only for Stocks bought/sold through a Stock Exchange and where STT is paid)
Purchase Selling LT/
Scrip Name Nos Gains
Price Date Price Date ST
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth
4/8/2012 Capital Gains Tax Calculation Page 11 of 12
PLEASE ENTER YOUR NAME HERE
Capital Gains Tax Calculation
(Only for Stocks bought/sold through a Stock Exchange and where STT is paid)
Purchase Selling LT/
Scrip Name Nos Gains
Price Date Price Date ST
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Short Term Gains 0
Total Long Term Gains 0
Total Capital Gains 0
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth
4/8/2012 Capital Gains Tax Calculation Page 12 of 12
PLEASE ENTER YOUR NAME HERE
Capital Gains Tax Calculation
(Only for Stocks bought/sold through a Stock Exchange and where STT is paid)
Purchase Selling LT/
Scrip Name Nos Gains
Price Date Price Date ST
Total Capital Gains Tax 0
© 2001-2011, Nithyanand Yeswanth (taxcalc@ynithya.com)
Instructions:
1. Enter details of all stocks sold during the current financial year
2. Only stocks sold through a recognized stock exchange where the Securities Transaction Tax (STT) is paid should be entered
Free Download from http://taxcalc.ynithya.com/ (Version 13.0) © 1997-2011, Nithyanand Yeswanth
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I am as important as oxygen---
I am living in the world of my dreamz
I am always there to help otherz---
I am busy but never ignore any one
I am the one who
(More...) carez---
I---AM----MANEESH
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