SIMPLE TAX INDIA
INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009
1 a) b) c) d) 2 3 4 5 6 7 8 9 10 a) b) c) 11 12 13 14 15 16
GENERAL Select : General/Woman/Senior Citizen >>>> Income from Salary Taxable Salary (Except a,b,c and d) 200000 Taxable House Rent Allowance 0 Taxable Conveyance Allowance 0 Taxable Children Education Allowance 0 Taxable Children Hostel Allowance 0 Taxable Perquisites 0 Less : Professional Tax 16(ii) 0 Less : Entertainment Allowance 16(iii) 0 1-(2+3) Net Income From Salary Income from House Property Income from one self occupied house NIL Less : Interest paid on Home Loans 0 Loss from self occupied house property 5-6 Income from Other Sources Gross Total Income 4+7+8 Deduction Under Chapter VI A Investments / Payments in eligible avenues 80C 0 Payment towards Medical insurance 80D 0 Any other deduction 0 Total Taxable Income 9-10 Income Tax Add : Surcharge @ 10% Add : Education Cess @ 2% Add : Education Cess @ 1%(Secondary & Higher) 12+13+14 Total Tax Payable TAX BENEFIT FROM BUDGET 2008
SIMPLE TAX INDIA
NDIA
TAX CALCULA TION AS PER OLD RATES
-2009
200000
0 0 200000
0 200000 5000 0 100 50 5150
200000 14000 0 280 140 14420 9270
NDIA
INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009
Select : General/Woman/Senior Citizen
1 a) b) c) d) 2 3 4 5 6 7 8 9 10 a) b) c) 11 12 13 14 15 16 Income from Salary Taxable Salary (Except a,b,c and d) Taxable House Rent Allowance Taxable Conveyance Allowance Taxable Children Education Allowance Taxable Children Hostel Allowance Taxable Perquisites Less : Professional Tax Less : Entertainment Allowance Net Income From Salary Income from House Property Income from one self occupied house Less : Interest paid on Home Loans Loss from self occupied house property Income from Other Sources Gross Total Income Deduction Under Chapter VI A Investments / Payments in eligible avenues Payment towards Medical insurance Any other deduction Total Taxable Income Income Tax Add : Surcharge @ 10% Add : Education Cess @ 2% Add : Education Cess @ 1%(Secondary & Higher) Total Tax Payable
>>>>
SENIOR CITIZEN 1001000 0 0 0 0 0 0 0
16(ii) 16(iii) 1-(2+3)
NIL 0 5-6 4+7+8 80C 80D 9-10 0 0 0
12+13+14
SIMPLE TAX INDIA
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-2009
1001000
0 0 1001000
0 1001000 236300 700 4740 2370 244110
NDIA
HRA CALCULATION -Select : Monthly/Yearly >>>> HRA Monthly Month Rent Paid Metro Received Salary April May June July August September October November December January February March TOTAL TAX FREE TAXABLE YEARLY TAX FREE TAXABLE 0 0 0 0 0 TRUE 0 TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE 0
MONTHLY Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0
0
0
CONVEYANCE ALLOWANCE Month April May June July August September October November December January February March TOTAL Amount Received Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0
CHILDREN EDUCATION ALLOWANCE Month April May June July August September October November December January February March TOTAL No.OF Children Amount Received
0
0
DUCATION ALLOWANCE Tax Free 0 0 0 0 0 0 0 0 0 0 0 0 0 Taxable 0 0 0 0 0 0 0 0 0 0 0 0 0