auto tax calculator 2008-09 version-3

8/8/2019 Auto Tax Calculator 2008-09 Version-3

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D.O.B

SEX - M

0 PAN-NO 0

0

2. Less: Allowances exempt u/s 10

(I) H.R.A. exemption 0

(II) Conveyance allowances(Max Rs.800/-p.m) 0

(iii) Any Other allowances (specify)---- 0 0

3. Income under the head salaries 0

4. Add: Any other income from other sources

a. Bank ( Saving /FD /Rec ) 0

b. N.S.C.(accrued/ Recd ) 0

c. Post Ofice M.I.S (6 yrs.) 0

d. Post Office Recring Deposit (5 yrs.) 0

e. Term Deposit (1 to 5 yrs.) 0

f. Saving Bonds (6yrs.) 0

g. Kishan Vikas patra 0

2. Any Other Income (specify)--- 03. Any Other Income (specify)--- 0 0

5. Income from house property 0

Less: Interest paid on housing loan(max150,000) 0 0

6. Gross Total Income 0

7. Less: Deduction under Sec 80C

a. PF&VPF Contribution 0

b. Life Insurance premiums 0

c. PPF a/c Contribution 0

d. N.S.C (Investment +accrued Int first five year) 0

e. Housing. Loan (Principal Repayment ) 0

f. Tuition fees for 2 children 0g. E.L.S.S(Mutual Fund) 0

h. Tax Savings Bonds 0

I. FD (5 Years and above) 0

j. 80 ccc Pension Plan 0 0

8. Less: Deduction under chapter VI A

b. 80 D Medical Insurance premiums 0 0

c. 80 E Int Paid on Education Loan 0

d. 80G Donation to approved fund 0

e. Any other (Specify)--- 0 0

9. Total Income 0

10. Total Taxable Income (Round off to nearest 10 rupees) 0

11. Tax on Total Income NIL

12. Surcharge on Total Taxable Income 0

0

14. Add; Edn Cess @ 3% 0

15. Net Tax Payable 0

16. Tax Deduction at Source 0

17. Balance Tax Payable/Refundable Refundable 0

COMPUTATION OF INCOME TAX for

for the financial year 2008-09

1. Gross Annual Income/Salary(include all allowances)

1. Interest received from following Investments

13. Total Tax Payable


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Calculate your Tax in Just 5 Minutes

Version 1.0 for the Financial year 2006- 07 & Version 2.0 for the Financial

Easy to understand & similar as form 16.

You can Calculate your Income Tax in Calculation Sheet & print the Computation Sheet to use with your return filing.

T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N

If you have rented out your house, enter the total income/loss from the house (after deducting property tax and standard maintenan

Interest earned from all sources is to be included. All interest income is fully taxable

H O W T O G E T A N U P D A T E

Free- Auto Tax Calculatorby B.P.Choudhary (Tax Co

Available free, Mail me at ( [email protected]) or( bpchoudharHello-Dears- I am Bijender Pal Choudhary. I am not a Software Professional, but am a TPrepared this Auto Tax Calculator with the information I have.

This tax calculator may help to calculate the estimated tax payable by you.If you find any inconsistency,correction or amen

will try to fix it at the earliest . Please send a detailed e-mail at [email protected]

This Calculator will be used to compute theTax for salariedindividuals only.

Once you enter the amount in the yellow-colored cells. Other cells in Calculation & Computation Sheets will calculate data & Ta

Follow the Tax Rules & Informations (where applicable). Following ready reaconer is for your refference.

u/s 10 HRA exemption = minimum of (40% (50% for metros) of Basic+DA orHRA orrent paid - 10% of Basic+DA)

u/s 10 Transport allowance is exempt upto Rs.800/- per month provided the person is in India during the month. For people havinexemption is Rs.1,600/- per month

u/s 10 Vehicle maintenance exemption can be claimed if you use a car for travel to the workplace. In such case, exemption can maintenance amounts. The exemption is available to the tune of Rs.1,200/- per month if the engine capacity is less than 1600cc anis more than 1600cc. In case the amount includes driver's salary, there is an additional exemption of Rs.600/- per month. When thisexemption is not available.

u/s 10 Medical bills are exempt for self and dependent family, upto Rs.15,000/- per annum

u/s 10(5) LTA is exempt to the tune of ecomony class Train/ Air /Recognised public Transport fare for the family to any destinationLTA can be claimed twice in a block of 4 calendar years. The current block is from 01.01.2006 to 31.12.2009. For claim, it is must t

u/s 24 There is anExemption for interest on housing loan. If the loan was taken before Apr 1, 1999 exemption is limited to Rs.3Apr 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 outThis exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whethe

u/s 80D Medical Insurance (such as Mediclaim) premium is exempt upto (Rs 10,000/- for 2006-07) Rs.15,000/- for 2007-08 per yedependent who is above 65 years of age, an extra Rs.5000/- can be claimed

u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to Rs.50,000/- per year if the disabyear if the disability is more than 80%

u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can beperson being treated is a senior citizen, the exemption can go up to Rs.60,000/-

u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely t

u/s 80G Donations given for certain charities are tax exempt. Some are exempt to the tune of 50%, whereas others are 100%.

u/s 80GG If you do not get HRA, but have rented a house, an exemption is available. This will be calculated as minimum of (25% oincome orRs.24,000/- per year)

u/s 80U If you have a permanent physical disability (including blindness), you can take an exemption (subject to maximum of Rs

u/s 80C Investments up to 1 lac in PF, VPF, PPF, Insurance Premium, Housing loan principal repayment, NSC, ELSS, etc. are dedon individual items, for example 1 lac can be invested in Insurance, )


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This tax calculator constantly gets updated to fix errors found as well as to add new features

This may also be changed when there are changes in tax rules that affect income tax computation

W E P R O V I D E S E R V I C E S F O R

TAX ASSESSMENT

IT RETURNS

PAN CARD

CUSTIMISED INURANCE SOLUTIONS (LIFE/ NON LIFE)

MUTUAL FUNDS (TAX SAVINGS/INVESTMENTS)

A D V I S E

C O N T A C T M E : B. P. C H O U D A R Y P h : 9 8 1 1 3 0 2 4 9 7 or M a i l

You can send an e-mail with your Income details/Salary slip. You will automatically receive the current version of tax calcor two. Once you send a request for our calculator. In future we will send you an updated version autimatically.whenever

Mostly people gives estimated declaration at year starting to minimise their Tax Liabilities but could not save up to last ois advisable to save from start on monthly basis through Bank ECS , Pls. get in touch with me for Tax saving schemes toproviding consultancy for Tax assessment and good Insurance, investment & Children Plan .

auto tax calculator 2008-09 version-3

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