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INCOME TAX CALULATOR WITH COMPUTATION OF INCOME

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INCOME TAX CALULATOR WITH COMPUTATION OF INCOME Powered By Docstoc
					Name      :
Father's Name :
Address:
       Select Status                                   H - HUF
     Select Category                                 GENERAL
        SELECT WARD                                ITO WARD 27(3)
                                       STATEMENT OF TOTAL INCOME
         SOURCES OF INCOME


    1         INCOME FROM SALARY
    2         INCOME FROM HOUSE PROPERTY
    3         INCOME FROM BUSINESS/PROFESSION
    4                                                                        Capital Gains
              CAPITAL GAIN ( Long Term + Short Term)
    5         INCOME FROM OTHER SOURCES
                                                                              GROSS TOTAL INCOME
    6
              LESS: DEDUCTIONS UNDER CHAPTER VIA(u/s 80D + u/s80C ,80CCC, 80CCD
                                                                             TOTAL TAXABLE INCOME
    7                                                            TOTAL TAXABLE INCOME ROUNDED OFF
                                        INCOME TAX at NORMAL RATE + SPECIAL RATE ON SHORT TERM
    8                         LESS: REBATE UNDER CHAPTER VIIIA & VIIIB
                                                                                         TAX PAYABLE
              ADD:SURCHARGE
              ADD:EDUCATION CESS @ 2%
              ADD:SECENDORY & HIGHER EDUCATION CESS @ 1%
    9                                                                            TOTAL TAX PAYABLE
   10                              LESS: RELIEF U/S-89/90/90A/91
                                                                                   TAX AFTER RELIEF
   11         LESS: TAX DEDUCTED AT SOURCE
                    ON SALARY                                TAX DEDUCTED AT
                    ON HOUSE PROPERTY INCOME                     SOURCE
                    ON BUSINESS/PROFESSIONAL INCOME
                    ON CAPITAL GAINS
                    ON OTHER SOURCE INCOME
   12         LESS: TCS
   13         LESS:ADVANCE TAX PAID
                                                                 NET TAX PAYABLE BEFORE INTEREST
   14                                            ADD: INTEREST U/s
                                                 234A
                                                 234B
                                                 234C
   15                                                   TAX PAYABLE
   16                SELF TAX PAID
   17                                NET TAX PAYABLE / (REFUNDABLE)




Date    10/18/2008

Place   New Delhi
                 Asst Year :    2008-2009
                 DUE DATE      July 31, 2008
             PREV YEAR          2007-2008
               PAN NO.         AAAAA2222R
                                               INS TRUC TIONS
                                                INS TRUC TIONS
             D.O.B / D.O.F      10/01/1999
                 Year Ending       3/31/2008
OME                                                STER SOFT
                                               REGISTERSOFT
                                               REGI
                  Details       Amount(Rs)
                                               NS C INTE R E S T
                                               NS C INTE R E S T
                                   100,000     C AL C UL ATION
                                               C AL C UL ATION

                                                  ABOUT
                                                  ABOUT
                                   105,000
 Capital Gains
                                      2,300

  GROSS TOTAL INCOME              207,300
                                                      Deductions
80CCD                                    -
 TOTAL TAXABLE INCOME             207,300
LE INCOME ROUNDED OFF             207,300
AL RATE ON SHORT TERM               15,130
                                         -
             TAX PAYABLE            15,130                              205,000
                                        -
                                       300                                   U/s 234C
                                        150         15 Sept. 30%      15 Dec. 60%           15 March. 100%

     TOTAL TAX PAYABLE              15,580                    Eligible Tax                              15,500
                                        -                    4,650               9,300                  15,500
        TAX AFTER RELIEF            15,580                                 Advance Tax
                                                         0                   0                     0
                        NIL                                  4,650               9,300                  15,500
                        NIL                             Rate                 1%
                        NIL                            Delay                 3
                        NIL                                                      Interest
                        NIL             -                      140                 279                     465
                                       -             Total Interest of U/s 234C                                884
                 NIL                   NIL
YABLE BEFORE INTEREST               15,580                     u/s 234A                      U/s 234B
                                                             Rate of Interest               Rate of Interest
              467                               1%                  1%
             1091                      Number of Months Delay   Months Delay
              884              2,440             3                  7
          TAX PAYABLE        18,020           Interest          Interest
                                                467               1091
PAYABLE / (REFUNDABLE)       18,020




                  ASSESSEE
                                                  Capital Gains Tax Calculation
Financial Year Start:   1-Apr-07   Financial Year End:          31-Mar-08
                                       Purchase                         Selling                    LT/   Tax
Scrip Name                  Nos                                                            Gains                Tax
                                    Price                Date       Price          Date            ST    Rate
RPL                         100    75.00     2-May-2006            85.00     2-May-2007   1,000    LT     0%        -
MTNL                        150    89.00     2-Apr-2008           101.00     2-Feb-2008   1,800    ST    10%      180
VSNL                        100    50.00     5-Nov-2008            45.00                   -500    ST    10%      (50)
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                                                                                               0   LT     0%        -
                               Total Accrued Tax                                          2300                  130
                                                                                                         2008-2009, Sanjay Kumar (prismsanjay@gmail.com)


Instructions:
    1. Enter details of all stocks sold during the current financial year
    2. Only stocks sold through a recognized stock exchange and where the Securities Transaction Tax (STT) is paid should be entered here
    3. Fill Details in Rose Cells.
    4. Change The Financial Year above in Cell B4 & E4
    5. You fill More Details you are able to Insert The Row in Menu
                   0%
BACK              10%




       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    10%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
       1-Apr-07   0%    15%
                                                                   Salary TDS Details

      Name of the
TAN                    Address of the employer     Town/City       State
       employer




                                                               House Property TDS Details
      Name of the   Address of the
TAN                                    Town/City     State        PinCode
       Deductor       Deductor




                                                             Business Profession TDS Details

      Name of the   Address of the
TAN                                    Town/City     State        PinCode
       Deductor       Deductor
                                                         Capital Gains TDS Details

      Name of the   Address of the
TAN                                  Town/City   State     PinCode
       Deductor       Deductor




                                                         Other Source TDS Details
      Name of the   Address of the
TAN                                  Town/City   State     PinCode
       Deductor       Deductor
                                            BACK

  Salary TDS Details
                                                Tax Payable
                                                                                                Tax payable /
             PinCode        Total Salary    Including surcharge     Total tax deposited
                                                                                                 refundable
                                                  & Cess




                                      -                                                                         -


ouse Property TDS Details
                                                                   Amount to be allowed
                              Date of
           Amount Paid                       Total tax deposited   as credited during thr      Head of Income
                           Payment/Credit
                                                                            year
                                                                                            House Property
                                                                                            House Property
                                                                                            House Property
                                                                                            House Property
                                                                                            House Property
                                                                                            House Property


                       -                                                             -
ness Profession TDS Details
                                                                   Amount to be allowed
                              Date of
           Amount Paid                       Total tax deposited   as credited during thr      Head of Income
                           Payment/Credit
                                                                            year

                                                                                            Business Profession
                          0                                                                0


 apital Gains TDS Details

                                                                     Amount to be allowed
                                 Date of
            Amount Paid                        Total tax deposited   as credited during thr       Head of Income
                              Payment/Credit
                                                                              year

                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                                                                                               Capital Gains
                          0                                                            -


Other Source TDS Details
                                                                     Amount to be allowed
                                 Date of
            Amount Paid                        Total tax deposited   as credited during thr       Head of Income
                              Payment/Credit
                                                                              year
                                                                                               Other Sources
                                                                                               Other Sources
                                                                                               Other Sources
                                                                                               Other Sources
                                                                                               Other Sources
                                                                                               Other Sources
                                                                                               Other Sources

                          0                                                                0
                                                                     BACK


Deductions under chapter VI-A                                                                    Amounts
Less: Deduction u/s 80 D
 Medical Insurance Premium (Mediclaim) Deduction restricted Rs. 15,000/- (Additional
 Rs.15,000/- if paid for SC Parents)& for Senior citizen Rs. 20,000/-                                      -   -
Less: Deduction u/s 80 C/80CCC/80CCD
 Provident Fund Contribution (PF) - Previous Employer
 Provident Fund Contribution (PF)
 Insurance Premium (LIC)
 Public Provident Fund Contribution (PPF)
 National Savings Certificates (NSC)
 Repayment of Housing Loan - Principal Amount
 Tuition Fees (subject to maximum of 2 child)
 Unit Linked Insurance Plan (ULIP)
 Contribution to Pension Fund
 Annuity Plan of LIC
 Fixed Deposit with Bank (Eligible for Tax Deduction)
 Deposit under Senior Citizens Saving Scheme Rules, 2004
 Time Deposits under P.O. time Deposit Rules, 1981
 Contribution to Mutual Fund Equity Linked Savings Scheme (ELSS)
                        Net qualifiying amount (subject to maximum Rs. 1 Lac)                -             0   -
                                                                                       100,000                 -
                                             NSC INTEREST CALCULATOR
                     GRAND TOTAL           
                                                                                                                                          BAC
                                                      6,295       6,912       7,585       8,327       9,148       10,042       48,308
                                          Invested                                YEARS
S.N
          Investd Amount During          Amount in                                                                             Total
 o.
                                            Rs.       1           2           3           4           5            6
 1 Purchased on 15-01-00 to 28-02-2001        5,000         565         629         700         779         868          966      4,506
 2 Purchased on 15-01-00 to 28-02-2001       10,000       1,130       1,258       1,400       1,558       1,735        1,931      9,012
 3 Purchased after 28-02-2002                50,000       4,600       5,025       5,485       5,990       6,545        7,145     34,790
 4                                                                                                                                  -
 5                                                                                                                                  -
 6                                                                                                                                  -
 7                                                                                                                                  -
 8                                                                                                                                  -
 9                                                                                                                                  -
10                                                                                                                                  -
11                                                                                                                                  -
12                                                                                                                                  -
13                                                                                                                                  -
14                                                                                                                                  -
15                                                                                                                                  -
16                                                                                                                                  -
17                                                                                                                                  -
18                                                                                                                                  -
19                                                                                                                                  -
20                                                                                                                                  -
21                                                                                                                                  -
22                                                                                                                                  -
23                                                                                                                                  -
24                                                                                                                                  -
25                                                                                                                                  -
BACK
                      Invested in        1st Yr.   2nd Yr.   3rd Yr.   4th Yr.   5th Yr.   6th Yr.
   Purchased from 31-03-89 to 31-12-98   12.4      13.9      15.6      17.5      19.7      22.4
   Purchased after 31-12-98              11.83     13.23     14.8      16.54     18.51     20.69
   Purchased on 15-01-00 to 28-02-2001   11.3      12.58     14        15.58     17.35     19.31
   Purchased after 28-02-2001            9.72      10.67     11.71     12.85     14.1      15.47
   Purchased after 28-02-2002            9.2       10.05     10.97     11.98     13.09     14.29
   Purchased after 28-02-2003            8.16      8.83      9.55      10.33     11.17     12.08
Name    :                                                                 -       Asst Year :      2009-2010
Father's Name :                                                           -       DUE DATE        July 31, 2009
       Address:                                                           -     PREV YEAR          2008-2009
       Status :                             H - HUF                               PAN NO.         AAAAA2222R
        Select                             GENERAL                              D.O.B / D.O.F
        Ward                             ITO WARD 27(3)                          Year Ending
                              STATEMENT OF TOTAL INCOME
  SOURCES OF INCOME                                                                Details        Amount(Rs)

  1    INCOME FROM SALARY                                                                             100,000
  2    INCOME FROM HOUSE PROPERTY                                                                         -
  3    INCOME FROM BUSINESS/PROFESSION                                                                105,000
  4    CAPITAL GAIN                                                                                     2,300
  5    INCOME FROM OTHER SOURCES                                                                          -
                                                                         GROSS TOTAL INCOME           207,300
  6    LESS: DEDUCTIONS UNDER CHAPTER VIA(u/s 80D + u/s80C ,80CCC, 80CCD)                                  -
                                                                        TOTAL TAXABLE INCOME          207,300
  7                                                         TOTAL TAXABLE INCOME ROUNDED OFF          205,000
                                                                                  INCOME TAX            15,130
  8    LESS: REBATE UNDER CHAPTER VIIIA & VIIIB                                                            -
                                                                                   TAX PAYABLE          15,130
       ADD:SURCHARGE                                                                                       -
       ADD:EDUCATION CESS @ 2%                                                                            300
       ADD:SECENDORY & HIGHER EDUCATION CESS @ 1%                                                          150
 9                                                                            TOTAL TAX PAYABLE         15,580
 10                       LESS: RELIEF U/S-89/90/90A/91                                                    -
                                                                               TAX AFTER RELIEF         15,580
 11                       LESS: TAX DEDUCTED AT SOURCE                                                     -
             ON SALARY                                                                     NIL             -
             ON HOUSE PROPERTY INCOME                                                      NIL             -
             ON BUSINESS/PROFESSIONAL INCOME                                               NIL             -
             ON CAPITAL GAINS                                                              NIL             -
             ON OTHER SOURCE INCOME                                                        NIL             -
 12    LESS: TCS                                                                           -               -
 13    LESS:ADVANCE TAX PAID                                                               NIL             NIL
                                                                               NET TAX PAYABLE          15,580
 14                                     ADD: INTEREST U/s                                                  -
                                                                      234A           467                   -
                                                                      234B          1091                   -
                                                                       234C          884                2,440
 15                                                                            SELF TAX PAYABLE        18,020
 16                               SELF TAX PAID                                              -            -
 17                                                            NET TAX PAYABLE / (REFUNDABLE)          18,020



Date 10/18/2008
Place New Delhi                                                                      ASSESSEE
BACK

				
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