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simple tax india

CREATED BY CA NEERAJ SHARMA / ABOHAR -152116 / PUNJAB 9815106363 MAIL ME AT neeraj14182002@yahoo.co.in

Person Name Vikas Company Name Vikas Bhardwaj & Company

Choose CITY NON METRO

METRO
METRO OR NON METRO EXCESS RENT PAID
MONTHS Basic+DA*+IR*+DP* ACTUAL HRA RENT PAID EXEMPTED AMOUNT
NON METRO
CALCULATION OVER 10 % OF Salary
April 10000 5000 3000 4000 2000 2000
May 10001 2400 1500 4000.4 499.9 499.9
June 12001 2400 1500 4800.4 299.9 299.9
July 1200 2400 1500 480 1380 480
August 10001 2400 1500 4000.4 499.9 499.9
September 10001 2400 1500 4000.4 499.9 499.9
October 10001 2400 1500 4000.4 499.9 499.9
November 10001 2400 1500 4000.4 499.9 499.9
December 10001 2400 1500 4000.4 499.9 499.9
January 10001 2400 1500 4000.4 499.9 499.9
February 10001 2400 1500 4000.4 499.9 499.9
March 10001 2400 1500 4000.4 499.9 499.9
TOTAL 113210 31400 19500 45284 8179

TOTAL EXEMPTION 7279

ONLY YELLOW COLOUR CELLS ARE
FILLABLE

NOTE*:ADD DP,DA,IR ONLY IF TERM OF EMPLOYMENT SO PROVIDES

simple tax india

 SIMPLE TAX INDIA
INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009

Select : General/Woman/Senior Citizen >>>> GENERAL

Income from Salary
1 Taxable Salary (Except a,b,c and d) 1001000
a) Taxable House Rent Allowance 0
b) Taxable Conveyance Allowance 0
c) Taxable Children Education Allowance 0
d) Taxable Children Hostel Allowance 0
Taxable Perquisites 0
2 Less : Professional Tax 16(ii) 0
3 Less : Entertainment Allowance 16(iii) 0
4 Net Income From Salary 1-(2+3)
Income from House Property
5 Income from one self occupied house NIL
6 Less : Interest paid on Home Loans 0
7 Loss from self occupied house property 5-6
8 Income from Other Sources
9 Gross Total Income 4+7+8
10 Deduction Under Chapter VI A
a) Investments / Payments in eligible avenues 80C 0
b) Payment towards Medical insurance 80D 0
c) Any other deduction 0
11 Total Taxable Income 9-10
12 Income Tax
13 Add : Surcharge @ 10%
14 Add : Education Cess @ 2%
15 Add : Education Cess @ 1%(Secondary & Higher)
16 Total Tax Payable 12+13+14
TAX BENEFIT FROM BUDGET 2008

SIMPLE TAX INDIA

NDIA
TAX
2009
CALCULA
TION AS
PER OLD
RATES

1001000

0
0
1001000

0
1001000 1001000
205300 249300
700 700
4120 5000
2060 2500
212180 257500
45320

NDIA
 INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009

Select : General/Woman/Senior Citizen >>>> SENIOR CITIZEN

Income from Salary
1 Taxable Salary (Except a,b,c and d) 1001000
a)Taxable House Rent Allowance 0
b)Taxable Conveyance Allowance 0
c)Taxable Children Education Allowance 0
d)Taxable Children Hostel Allowance 0
Taxable Perquisites 0
2 Less : Professional Tax 16(ii) 0
3 Less : Entertainment Allowance 16(iii) 0
4 Net Income From Salary 1-(2+3)
Income from House Property
5 Income from one self occupied house NIL
6 Less : Interest paid on Home Loans 0
7 Loss from self occupied house property 5-6
8 Income from Other Sources
9 Gross Total Income 4+7+8
10 Deduction Under Chapter VI A
a) Investments / Payments in eligible avenues 80C 0
b) Payment towards Medical insurance 80D 0
c) Any other deduction 0
11 Total Taxable Income 9-10
12 Income Tax
13 Add : Surcharge @ 10%
14 Add : Education Cess @ 2%
15 Add : Education Cess @ 1%(Secondary & Higher)
16 Total Tax Payable 12+13+14

SIMPLE TAX INDIA

Simplify Your Payroll
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2009

1001000

0
0
1001000

0
1001000
236300
700
4740
2370
244110

NDIA
 HRA CALCULATION -Select : Monthly/Yearly >>>> MONTHLY
HRA Monthly
Month Rent Paid Metro Tax Free Taxable
Received Salary
April 1
✘ 0 0
May 1
✘ 0 0
June 1
✘ 0 0
July 1
✘ 0 0
August 1
✘ 0 0
September 1
✘ 0 0
October 1
✘ 0 0
November 1
✘ 0 0
December 1
✘ 0 0
January 1
✘ 0 0
February 1
✘ 0 0
March 1
✘
0 0
TOTAL 0 0 0 0 0
TAX FREE 0
TAXABLE 0

YEARLY 1
✘
0 0
TAX FREE 0
TAXABLE 0
 CONVEYANCE ALLOWANCE CHILDREN EDUCATION ALLOWANCE
Amount No.OF Amount
Month Tax Free Taxable Month Tax Free
Received Children Received
April 0 0 April 0
May 0 0 May 0
June 0 0 June 0
July 0 0 July 0
August 0 0 August 0
September 0 0 September 0
October 0 0 October 0
November 0 0 November 0
December 0 0 December 0
January 0 0 January 0
February 0 0 February 0
March 0 0 March 0
TOTAL 0 0 0 TOTAL 0 0
N ALLOWANCE

Taxable

0
0
0
0
0
0
0
0
0
0
0
0
0