The new slabs for Income Tax in India were proposed in the Union Budget 2010 by Finance Minister, Pranab Mukherjee. Given the new tax slabs that are expected to be in force from the FY 2010-11 or Assessment Year 2011-12 we have prepared an Income Tax Calculator for financial year 2010-11 for your convenience.
http://www.PankajBatra.com Tax Calculator F.Y. 2010-11 Sex (for male - 1, for female - 0) 1 Place of Residence(For Metro cities- 0,For Non Metro cities-1) 1 Age 25 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 - Gifts From Non-Relatives - Gifts From Relatives - Rental Income - TOTAL INCOME - - - - - - - - - - - - - Less : Exemptions Actual Rent paid as per rent receipts - HRA Exemption - - - - - - - - - - - - - Non-Taxable Allowances 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 - House on loan and Self Occupied - 0, House on loan but Rented out - 1 0 Home Loan 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 - 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, Self/Family) - 80D (Medical insurance premium, Parents) - 80E (Interest on Loan for Higher Education) - - 80U (Handicapped person) - - 80G (100 % deductions) - - 80G (50 % deductions) - - Long Term Infra Bonds - - 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 deductions (transport etc.) - 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, 2010 15% - - - Payable upto 15th September, 2010 30% - - - Payable upto 15th December, 2010 60% - - - Payable upto 15th March, 2011 100% - - -
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