Person Name Company Name

Choose CITY NON METRO

METRO
MONTHS Basic+DA*+IR*+DP* ACTUAL HRA RENT PAID
METRO OR NON METRO
CALCULATION
EXCESS RENT PAID
OVER 10 % OF SaIary
EXEMPTED AMOUNT NON METRO
ApriI 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
JuIy 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 EXEMPTON
7279
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NOTE*:ADD DP,DA,R ONLY F TERM OF EMPLOYMENT SO PROVDES
CREATED BY CA NEERAJ SHARMA / ABOHAR -152116 / PUNJAB 9815106363 MAIL ME AT neeraj14182002@yahoo.co.in
Vikas
Vikas Bhardwaj & Company
ONLY YELLOW COLOUR CELLS ARE
FLLABLE
SeIect : GeneraI/Woman/Senior Citizen >>>> GENERAL
Income from SaIary
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 SaIary 1-(2+3) 1001000
Income from House Property
5 ncome from one self occupied house NL
6 Less : nterest paid on Home Loans 0
7 Loss from self occupied house property 5-6 0
8 Income from Other Sources 0
9 Gross TotaI Income 4+7+8 1001000
10 Deduction Under Chapter VI A
a) nvestments / Payments in eligible avenues 80C 0
b) Payment towards Medical insurance 80D 0
c) Any other deduction 0 0
11 TotaI TaxabIe Income 9-10 1001000 1001000
12 Income Tax 205300 249300
13 Add : Surcharge @ 10% 700 700
14 Add : Education Cess @ 2% 4120 5000
15 Add : Education Cess @ 1%(Secondary & Higher) 2060 2500
16 TotaI Tax PayabIe 12+13+14 212180 257500
45320
SMPLE TAX NDA
INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009
SMPLE TAX NDA
TAX BENEFIT FROM BUDGET 2008
TAX
CALCULA
TION AS
PER OLD
RATES
SeIect : GeneraI/Woman/Senior Citizen >>>> SENIOR CITIZEN
Income from SaIary
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 SaIary 1-(2+3) 1001000
Income from House Property
5 ncome from one self occupied house NL
6 Less : nterest paid on Home Loans 0
7 Loss from self occupied house property 5-6 0
8
Income from Other Sources 0
9
Gross TotaI Income
4+7+8
1001000
10
Deduction Under Chapter VI A
a) nvestments / Payments in eligible avenues 80C 0
b) Payment towards Medical insurance 80D 0
c) Any other deduction 0 0
11
TotaI TaxabIe Income
9-10 1001000
12
Income Tax
236300
13 Add : Surcharge @ 10% 700
14 Add : Education Cess @ 2% 4740
15 Add : Education Cess @ 1%(Secondary & Higher) 2370
16 TotaI Tax PayabIe 12+13+14 244110
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INCOME TAX CALCULATOR
FINANCIAL YEAR 2007-2008 : ASSESSMENT YEAR 2008-2009
SimpIify Your PayroII
SMPLE TAX NDA
Month
HRA
Received
Rent Paid Metro
Monthly
Salary
Tax Free Taxable
April TRUE 0 0
May TRUE 0 0
June TRUE 0 0
July TRUE 0 0
August TRUE 0 0
September TRUE 0 0
October TRUE 0 0
November TRUE 0 0
December TRUE 0 0
January TRUE 0 0
February TRUE 0 0
March TRUE 0 0
TOTAL 0 0 0 0 0
TAX FREE 0
TAXABLE 0
YEARLY TRUE 0 0
TAX FREE 0
TAXABLE 0
MONTHLY HRA CALCULATION -SeIect : MonthIy/YearIy >>>>
Month
Amount
Received
Tax Free Taxable Month
No.OF
Children
Amount
Received
Tax Free Taxable
April 0 0 April 0 0
May 0 0 May 0 0
June 0 0 June 0 0
July 0 0 July 0 0
August 0 0 August 0 0
September 0 0 September 0 0
October 0 0 October 0 0
November 0 0 November 0 0
December 0 0 December 0 0
January 0 0 January 0 0
February 0 0 February 0 0
March 0 0 March 0 0
TOTAL 0 0 0 TOTAL 0 0 0
CHILDREN EDUCATION ALLOWANCE CONVEYANCE ALLOWANCE