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					                                                                                              INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11
Instructions :
1.Please enter gross annual figures.
2. Please enter values in Highlighted cells only.


DISCLAIMER : This calculator is to help you find out your personal indecative total tax liability. Efforts have been made to cover most of the scenarios of Income, Exemptions, Deductions, etc.
to know your actual Tax Liability.


Assessee Type
    Specify whether you are Male or Female (<65 years of age) or Sr. Citizen                                         Male                  PersonalMoney.in is a Persona
Components of Salary                                                                                             Annual Amount             Management, Financial Planning
  A.1 Basic Salary                                                                                                                    Rs.0 Management to effectively mana
  A.2 House Rent Allowance                                                                                                            Rs.0
  A.3 Transport Allowance                                                                                                             Rs.0 If you liked this INCOME TAX CA
  A.4 Medical Reimbursement                                                                                                           Rs.0 Articles. Sunscription is totally FR
  A.5 Leave Travel Allowance (LTA)                                                                                                    Rs.0 method to gain regular access to
  A.6 Special Allowance                                                                                                               Rs.0
  A.7 Bonus                                                                                                                           Rs.0 * Subscribe Free Email Update
  A.8 Other Allowances                                                                                                                Rs.0 * Subscribe RSS Feeds
Gross Salary (A)                                                                                                                      Rs.0 * For any query or support ple

Exemptions/Deductions                                                                                                                           Maximim Limit
  B.1 House Rent Exemption
          Annual Rent Paid                                                                                                          Rs.0
          Assessee Residing in                                                                                                Other Cities
                 I) 40% of Basic Salary                                                                                             Rs.0                     Rs.0
                 ii) Actual HRA Received                                                                                            Rs.0
                 iii) Rent Paid minus 10% of Basic Salary                                                                           Rs.0
      Total House Rent Exemption
  B.2 Transport Allowance                                                                                                                              Rs.9,600
  B.3 Medical Reimbursement                                                                                                                           Rs.15,000
Total (B)

Gross Taxable Salary Income (A-B)
      Income from Housing
      Reliefe on Interest paid on Housing Loan                                                                                                      Rs.150,000
      Any other Income
Gross Total Income
Deduction under Chapter VIA
                                                                                                                 Under Section
The following tax saving investments may be considered for computation of income tax deduction at source for the financial year.
Deduction u/s 80D to 80U
  C.1 Medical Insurance Premium - for the assessee or his family                                                  U/Sec 80D(2A)
  C.2 Medical Insurance Premium - for the parent or parents of the assessee       Parents are NOT Sr. citizen U/Sec 80D(2B)
  C.3 Expenditure on Handicapped Dependents / Deposits made with LIC, etc. for maintenance of handicapped Dependents
      Disability Percentage of the Handicapped Dependents                      Less than 80% disability     U/Sec 80DD

  C.4 Exp. likely to be incurred on specified disease or ailment (Cancer/AIDS etc.)
      Exp incurred on senior citizen                                                No                            U/Sec 80DDB

  C.5 Permanent Disability benefit (self) - adhoc amount of (in case of disability
      Self Disability Percentage                                                       Less than 80% disability    U/Sec 80 U

       Interest on Education Loan (for self education) from Charitiable or Financial
  C.6
       Institution. (No Limit)                                                                                     U/Sec 80E
Total Deduction u/s 80D to 80U

Investments under Sections 80C & 80CCC qualifying for deductions upto Rs.1 Lac or Rs.1.2 Lac
  D.1 Self Contribution in Provident Fund. Assessee's rate of PF contribution w.r.t Basic Salary is @               U/Sec 80C
  D.2 Voluntary Contribution Provident Fund                                                                         U/Sec 80C
  D.3 INVESTMENT IN PENSION SCHEME                                                                                U/Sec 80 CCC
  D.4 HOUSING LOAN PRINCIPAL REPAYMENT                                                                              U/Sec 80C
  D.5 PUBLIC PROVIDENT FUND (PPF)                                                                                   U/Sec 80C
  D.6 LIFE INSURANCE PREMIUM PAID                                                                                   U/Sec 80C
  D.7 UNIT LINKED INSURANCE PLANS                                                                                   U/Sec 80C
  D.8 NSC-NATIONAL SAVING CERTIFICATE                                                                               U/Sec 80C
  D.9 DEPOSIT IN NATIONAL SAVING SCHEME (NSS)                                                                       U/Sec 80C
 D.10 INFRASTRUCTURE INVESTMENT in approved BONDS                                                                   U/Sec 80C
 D.11 MUTUAL FUNDS notified under SECTION 10(23D)                                                                   U/Sec 80C
 D.12 EQUITY LINK SAVING SCHEME(ELSS) Mutual Funds notified under SECTION 10(23D)                                   U/Sec 80C
 D.13 TERM DEPOSIT with a SCH.Bank in a notified Scheme for a term not less than 5 years.                           U/Sec 80C
 D.14 TUTION FEES PAID (Only full time education tution fees paid to any Indian Univ, College, School)              U/Sec 80C
 D.15 SENIOR CITIZENS SAVINGS SCHEME Rules, 2004                                                                    U/Sec 80C
 D.16 POST OFFICE TIME DEPOSIT Rules, 1981 for a term not less than 5 years                                         U/Sec 80C
Total Deduction u/s 80C and 80CCC
Total Deduction under Chapter VIA
Net Total Taxable Income
Tax on Total Income
       Add Surcharge
       Add Education Cess
Total Tax Payable in respective Financial Years
Total Tax Savings in FY-10-11 with respect to Tax Payable in FY-09-10
R FINANCIAL YEAR 2010-11




arios of Income, Exemptions, Deductions, etc. However, you are advised to consult any qualified chartered accountant or tax consultant



                                                                                                                                         Assessee Type
ersonalMoney.in is a Personal Finance Blog that provides expert advice on Money                                                          Male
anagement, Financial Planning, Investment, Insurance, Loans and Personal Wealth                                                          Female
anagement to effectively manage your personal money.                                                                                     Sr. Citizen

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                     Under Section          Actual Amount          Eligible Amount




                     U/Sec 10(13A)                        Rs.0                     Rs.0




                                                          Rs.0                     Rs.0
                                                          Rs.0                     Rs.0
                                                                                   Rs.0

                                                                                   Rs.0
                                                          Rs.0                     Rs.0
                      U/S 24(1)(Vi)                       Rs.0                     Rs.0
                                                          Rs.0                     Rs.0
                                                                                   Rs.0
                                                           FY-09-10                                        FY-10-11
                    Actual Amount           Maximim Limit          Eligible Amount Maximim Limit Eligible Amount
nancial year.

                                   Rs.0        Rs.15,000                           Rs.0       Rs.15,000                           Rs.0
                                   Rs.0        Rs.15,000                           Rs.0       Rs.15,000                           Rs.0
Rs.0   Rs.50,000         Rs.0   Rs.50,000      Rs.0


Rs.0   Rs.40,000         Rs.0   Rs.40,000      Rs.0


Rs.0   Rs.50,000         Rs.0   Rs.50,000      Rs.0


Rs.0    No Limit         Rs.0    No Limit      Rs.0
                         Rs.0                  Rs.0


Rs.0               12%   Rs.0           12%    Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0     Rs.10,000       Rs.0     Rs.10,000    Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
                         Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
Rs.0                     Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                  Rs.0
                         Rs.0                 0.00%
Resident of               HRA Basic Salary Relief Rate      Disability Percentage for Sec 80DD and 80U
Chennai                                                  50 Less than 80% disability
Delhi                                                    50 More than 80% disability
Kolkata                                                  50
Mumbai                                                   50
Other Cities                                             40

Assessee's Rate Applied                         40
Assessee Type Applied                          Male
e for Sec 80DD and 80U

				
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posted:12/8/2010
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