Income Tax Calculator

(Incorporating Indian IT Act 1962)

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Developed for Multimedia Centre Sree Neelakanta Govt. Sanskrit College, Pattambi
by : vk.muralidharan vk.muraleedharan@gmail.com

INCOME TAX CALCULATOR

Please read carefully the instructions given below before entering the data in the 'Form'
1 Enter the data only in the 'Form' . 2 Do not try to enter any data directly in the 'Statement' . 3 Changes in the data should be done only in the 'Form' . 4 Do not try to make the data change in the 'Statement' 5 Columns which are not applicable to you should be filled with ' 0 ' . 6 Column '3' & '6' are very important. Do not leave these columns empty. It is not necessary to give Salary, DA, HRA, Other allowances seperately. You can give the sum of all these items as a single 7 item in column '10' directly. But those who reside in a rented house and eligible for the deduction of HRA should show all the above items seperately as per the columns in the 'Form'. I do not claim that this calculator is perfect in all respect and free from minute problems. But this is my sincere attempt by integrating all aspects regarding the tax calculation of a salaried employee. If you face any problem please do not hesitate to contact me.

v.k.muralidharan (ph : 9447476854)

CLICK HERE TO USE THE CALCULATOR

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Form

FORMAT FOR THE PREPARATION OF INCOME TAX CALCULATION STATEMENT FOR 2012-13 I General Information :
Name 2 Are you a Gazetted Officer ? 3 Sex 4 Designation
1 5 6 7 8 9 MOHANADASAN T. Yes Male Assistant Professor Govt. College Chittur, Palakkad Collegiate Education Dept. Yes

Office / Department Are you residing in rented house ? (a) PAN : AMQPM3617D Name & Address of Employer Circle of filing Income Tax Return

(b) TAN : CHNS00784A

Director of Collegiate Education, TVPM PALAKKAD

II Salary & Other Particulars :

10 Total Salary during the year (Basic Pay+DA) 11 HRA 12 Bonus/Festival Allowance received 13 Arrear DA Received 14 Arrear Salary Received 15 Surrender Leave Salary Received 16 Other Allowances (CCA/PG/Risk/Uniform etc.)

496071 7163 2000 21342 0 0 0

Total III Recoveries & Other Payments :

17 18 19 20 21 22 23 24 25
No : EDN323338 GPF Contribution SLI Premium GIS Premium LIC Premium (Salary deduction) LIC Premium (Direct Payment) FBS Income Tax deducted from Salary Bill Arrear DA Merged to PF Profession Tax Paid

526576
128000 7000 4900 8904 0 0 13200 21342 2500 60000 0 0 0 0

26 Actual Rent Paid (if residing in rented house) 27 Interest on Housing Loan
If availed before 31/3/99 If availed after 31/3/99 No :

28 Public PF 29 NSC

30 Mutual funds 31 Eductional expenses of children (for 2 children) 32 Equity shares & debentures 33 Repayment of Housing loan Investment in Long term Infrastructure Bond of IDBI, ICICI etc. 34
(For claiming addition deduction of up to Rs. 20000)

0 0 0 0 0 200
0 0

35 Any other deductions

GPAI

36 Pension Fund (LIC/UTI etc.) 37 Contribution to Pension scheme of Central Govt. Employees

IV Other Deductions :
38
Medical Insurance Premium u/s 80 D : (Max. Rs. 15000/- or 20000/- as the case may be) Maintenance and Medical treatment of Handicapped

0 0 0 0 0 0 0 0

39 Dependent u/s 80 DD :
(Max. Rs. 50000/- or 100000/- as the case may be) Medical treatment for certain specified disease or ailment u/s 80 DDB : (Maximum of Rs. 40000/40 and Rs. 60000/- as the case may be)

41 Repayment of Interest on loan taken for higher education u/s 80 E : 42 Contribution toPolitical Parties u/s 80GGC 43 44
Donation to certain funds, charitable institutions etc. : (100% in the case of Special Funds & 50%in other cases) Deduction inrespect of persons with disability : (Rs. 50000/- or Rs. 100000/- as the case may be)

45 Relief u/s 89(1) Place :

Chittur

Date: 3/21/2013

SUBMIT
30000

21691

100000

30000

21691

NCOME TAX 2012-13

Title Page

Instructions Tax Statement Form 16

T.

or

ttur, Palakkad

ion Dept.

NS00784A

iate Education, TVPM

496071 7163 2000 21342 0 0 0

526576
128000 7000 4900 8904 0 0 13200 21342 2500 60000 0 0 0 0

0 0 0 0 0 200
0 0

0 0 0 0 0 0 0 0 3/21/2013

INCOME TAX CALCULATION STATEMENT FOR THE YEAR 2012-13

Name : MOHANADASAN T. Office/Institution/Department : Whether Gazetted : Yes Govt. College Chittur, Palakkad Sex : Male Designation : Assistant Professor Collegiate Education Dept. PAN : AMQPM3617D TAN : CHNS00784A Total Salary Income (Pay+DA+HRA+Other allowances except 1 PTA/PCA and inclusive of Surrender Leave Salary, Bonus/Spl. 526576
Festival allowances and Arrears of DA/pay and other allowances)

2 Deduct : HRA-Least of the following if residing in rented house :

(i) Actual HRA received (ii) Rent paid in excess of 10% of salary(Pay + DA)) (iii) 40% of salary

7163 10392.9 198428.4

3 Balance Gross Income (1 - 2) 4 Less Profession Tax u/s 16(iii) 5 Deduct : Interest on Housing Loan (Maximum Rs. 30000/- or
Rs. 150000/- as the case may be)

7163 519413 2500 516913 0 516913

6 Gross Total Income 7 Deduction as per Chapter VI A U/s (a) 80 C :

i) Public Provident Fund : No. No. EDN323338 ii) General Provident Fund : iii) Arrear DA merged to GPF iv) Group Insurance Scheme v) FBS vi) State Life Insurance vii) LIC Premia (salary deduction) Pol. Nos: viii) LIC Direct Premia- Pol. Nos. ix) NSC x) Mutual funds xi) Repayment of Housing Loan xii) Educational expenses of children xiii) Certain equity shares and debentures xiv) Any other item (specify) GPAI

Total Deductions u/s 80C

(b) 80CCC (c) 80CCD (d) 80CCE (e) 80CCF Pension fund (Annuity plan of LIC or any other insurer) Contribution to pension scheme of Central Govt.employees entering the service on or after Jan.2001 The aggregate amount of deductions u/s 80C, 80CCC,80CCD shall not, in any case exceed One Lakh Rupees Investment in Long Term Infrastructural Bonds notified by the Central Govt. (Additional deduction upto Rs. 20000) Aggregate Deduction u/s 80CCE + 80CCF (Limited to maximum of Rs. 100000 / 120000 as the case may

.. 128000 21342 4900 .. 7000 8904 .. .. .. .. .. .. 200 170346 0 0 100000 0 100000 100000 416913 0

(e) 80D (f) 80DD (g) 80DDB (h) 80E (i) 80G (j) 80GGC (k) 80U

Medical Insurance Premium (Max. Rs. 15000/- )

.. .. .. .. .. .. .. 0 0 416910

Maintenance and Medical treatment of Handicapped Dependent (Max. Rs. 50000/- or 100000/- as the case may be) Medical treatment for certain specified disease or ailment (Maximum of Rs. 40000/- and Rs. 60000/- as the case may be) Repayment of interest on loan taken for higher education Donation to certain funds, charitable institutions etc.: Contribution to Political Parties : Deduction inrespect of persons with disability : (Rs. 50000/- or Rs. 100000/-

8 9
Upto Rs. 200000/200001 to 500000/500001/- to 1000000/Above Rs. 1000000/-

Total Net Taxable Income (Rounded to nearest ten) Income Tax on Total Income :
: Nil

: 10% of total income exceeding Rs. 200000/: 20% of total income exceeding Rs. 500000/: 30% of total income exceeding Rs. 1000000/-

10 11 12 13 14 15

Total Add Educational Cess (3% of tax ) Total Tax Less Relief u/s 89(i) Balance Tax Less Tax deducted from the salary bill Tax Payable

21691 0 0 21691

21691 651 22342 .. 22342 13200 9142

Place :Chittur Date:41354

Signature of the Head of Office in case of NGO Signature of the Officer in the case of Gazetted Officer.

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FORM 16
[See Rule 31(1)(a)]

CERTIFICATE UNDER SECTION 203 OF THE INCOME TAX, 1961 FOR TAX DEDUCTED AT SOURCE FROM INCOME CHARGEABLE UNDER THE HEAD "SALARIES"
Name and address of the Employer : Name and Designation of the Employee :

Director of Collegiate Education, TVPM 0

PAN : AMQPM3617D TDS Circle where Annual Return / Statement under section 206 is to be filed

MOHANADASAN T. Assistant Professor Govt. College Chittur, Palakkad Collegiate Education Dept.
TAN : Period From 01/04/12 To 31/03/13

CHNS00784A
Assessment Year

PALAKKAD

2013-2014

DETAILS OF SALARY PAID AND ANY OTHER INCOME TAX DEDUCTED Gross Salary 1 519413
2 3 4 Less Allowance to the extent under section 10 Net Salary Income (1-2) Add : Any other income reported by the employee (a) Agriculture Income (b) Income from house property (c) Other specify Total Total Income (3-4) Deductions : (Under section 16) (a) Tax on employment (b) Entertainment allowance Total 6 (a+b) Under section 24 Interest on HBA Gross Total Income Under section 80 - C a) LIC ( i) Salary Deduction (ii) Direct Payment b) GPF Contribution c) PPF Contribution d) Arrear DA e) SLI d) GIS g) FBS h) HBA i) Tution Fee paid (Limited to 2 Children) j) Equity Shares/Debentures k) NSC VIII Issue l) Mutual Fund m) others Total

519413

5 6

519413 2500 516913 0 516913 8904 .. 128000 .. 21342 7000 4900 .. .. .. .. .. .. 200 170346

7 8 9

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Under section 80 - CCC Under section 80 - CCD Under section 80 - CCF Under section 80 - D Under section 80 - DD Under section 80 - DDB Under section 80 - E Under section 80 - G Under section 80 - U Under section 80 - GGC Total of item 12-17 Total deduction admissible (13+21)
Taxable Income (8-22)

170346

Total amount of deduction (item 8 to 12) Limited to 100000/120000

0 0 0 100000 .. .. .. .. .. .. .. 0 100000

(Rounded to nearest ten rupee)

100000 416910 21691 651 22342 .. 22342 22342 Nil

Income taxpayable Educational Cess @ 3% Total Tax Payable (24+25) Less Relief u/s 89(i) Balance Tax Tax already paid / deducted Balance Tax to be paid / refunded DETAILS OF TAX DEDUCTED AT DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT Amount Date of Payment

Name of Bank & Branch where tax Deposited

22342
I ..............................................................................................Son of ............................................................................... working in the capacityy of .................................................................................................(Designation) do hereby certifying that a sum of Rs......................................(Rupees..................................................................................... .........................................(in words) has been deducted at source and paid to the credit of the Central Government. I further certify that the information given above is true and correct based on the book of accounts, documents and other available records. Signature of the person responsible for deduction of tax Name...................................................................... Designation ...........................................................

Place : Date :

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