INCOME TAX CALCULATOR FOR FY 2010-11

Name
St.No.
Category viz. Male 1, Female 2, Senior citizen 3
1
DISCRIPTION
ACTUAL CEILING
Gross Income
1200000
Professional Tax
12000
House Rent paid in excess of 1/10th of salary
0 HRA
Interest on Housing Loan U/s 24
200000 150000
Return to Housing Loan/Savings/Deductions
150000 100000
Savings towards infrastructure bonds
25000
20000
Other deductions applicable other than Rs.1 lakh
50000
Taxable Income, F7-F8-F9-F10-F11-F12-F13
868000
Tax
114400
Education Cess @ 3% on Tax
3432
Total Tax
117832

ADMISSIBLE
1200000
12000
0
150000
100000
20000
50000
114400

0
0

0
0

708000
368000
68000

708000
368000
68000

708000
368000
68000

70800
36800
6800