IT Calculator 12 13

7/30/2019 IT Calculator 12 13

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Developed for Multimedia Centre

Sree Neelakanta Govt. Sanskrit College, Pattambi

Income Tax Calculator(Incorporating Indian IT Act 1962)

Click here

forinstructions

by : vk.muralidharan [email protected]


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``

INCOME TAX CALCULATORPlease read carefully the instructions given below

before entering the data in the 'Form'

CLICK HERE TO USE THE CALCULATOR

Enter the data only in the 'Form' .

Do not try to enter any data directly in the 'Statement'.

Changes in the data should be done only in the 'Form' .

Do not try to make the data change in the 'Statement'

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)

Columns which are not applicable to you should be filled with '0 ' .

Column '3' & '6' are very important. Do not leave these columns empty.

It is not necessary to give Salary, DA, HRA, Other allowancesseperately. You can give the sum of all these items as a single

item in column '10' directly. But those who reside in a rentedhouse and eligible for the deduction of HRA should show

all the above items seperately as per the columns in the 'Form'.


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Form


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I

1

23

4

6

7 (a) PAN : (b) TAN :

9

II

10

11

12

13

14

15

16

III

17 No :

18

19

20

21

22

23

24

25

26

28 No :

29

0

0

0

0

0

NSC

LIC Premium (Direct Payment)

Arrear DA Merged to PF

Profession Tax Paid 0

Circle of filing Income Tax Return

Arrear Salary Received

If availed after 31/3/99

0

0

0GPF Contribution

Other Allowances (CCA/PG/Risk/Uniform etc.)

0

GIS Premium

LIC Premium (Salary deduction)

FBS

Income Tax deducted from Salary Bill

5 Office / Department

FORMAT FOR THE PREPARATION OF INCOME TAX

CALCULATION STATEMENT FOR 2012-13

General Information :

Designation

0

Name

Are you a Gazetted Officer ?Sex

0Arrear DA Received

0

Are you residing in rented house ?

Name & Address of Employer

0

Public PF

8

Total Salary during the year (Basic Pay+DA)

HRA 0

Recoveries & Other Payments :

0Surrender Leave Salary Received

0

27Interest on

Housing Loan

0

0

If availed before 31/3/99

0

0

SLI Premium

Actual Rent Paid (if residing in rented house)

Total

Salary & Other Particulars :

0Bonus/Festival Allowance received


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31

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IV

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40

41

42

43

44

45

Date:

30000 0 100000 0 30000 0

0

Eductional expenses of children(for 2 children) 0

0

Place : 25.12.2013Pattambi

Other Deductions :

Medical I nsurance Premium u/s 80 D :

(Max. Rs. 15000/- or 20000/- as the case may be)

Equity shares & debentures

Any other deductions

Mutual funds

Investment in Long term Infrastructure Bond of IDBI, ICICI etc. (For claiming addition deduction of up to Rs. 20000)

0

Contribution toPolitical Parties u/s 80GGC

0

Pension Fund (LIC/UTI etc.) 0

Repayment of Housing loan 0

Donation to certain funds, charitable institutions etc. :

(100% in the case of Special Funds & 50%in other cases)

0

0

0

Repayment of I nterest on loan taken for higher education u/s 80 E :

0

0

Contribution to Pension scheme of Central Govt. Employees 0

SUBMIT

0Deduction inrespect of persons with disability :

(Rs. 50000/- or Rs. 100000/- as the case may be)

0Relief u/s 89(1)

0

Maintenance and Medical treatment of Handicapped

Dependent u/s 80 DD :


Medical treatment for certain specified disease or

ailment u/s 80 DDB : (Maximum of Rs. 40000/-

and Rs. 60000/- as the case may be)


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`

Title Page

Instructions

Tax Statement

Form 16


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0 Sex : 0

TAN :

1 0

2

.

.

. 0

3 0

4 0

05

0

6 0

7

..

..

..

..

..

..

..

..

..

..

..

..

..

.

0

(b) 80CCC 0

(c) 80CCD 0 0

(d) 80CCE 0

(e) 80CCF 0

0 0

0

x) Mutual funds

xiii) Certain equity shares and debentures

Pension fund (Annuity plan of LIC or any other insurer)

Gross Total I ncome

Deduction as per Chapter VI A U/s (a) 80 C :

i) Public Provident Fund : No.

Less Profession Tax u/s 16(iii)

Deduct : Interest on Housing Loan(Maximum Rs. 30000/- orRs. 150000/- as the case may be)

INCOME TAX CALCULATION STATEMENT

FOR THE YEAR 2012-13

Name : 0 Office/Institution/Department :

0Whether Gazetted :

ii) General Provident Fund : No.

iii) Arrear DA merged to GPF

v) FBS

vi) State Life Insurance

xi) Repayment of Housing Loan

xii) Educational expenses of children

vii) LIC Premia (salary deduction) Pol. Nos:

viii) LIC Direct Premia- Pol. Nos.

ix) NSC

iv) Group Insurance Scheme

The aggregate amount of deductions u/s 80C, 80CCC,80CCD

shall not, in any case exceed One Lakh Rupees

xiv) Any other item (specify)

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

Contribution to pension scheme of Central Govt.employees

entering the service on or after Jan.2001

Total Deductions u/s 80C

Designation :

(iii) 40% of salary

Balance Gross Income (1 - 2)

(ii) Rent paid in excess of 10% of salary(Pay + DA))

0 0

(i) Actual HRA received

Total Salary Income (Pay+DA+HRA+Other allowances exceptPTA/PCA and inclusive of Surrender Leave Salary, Bonus/Spl.

Festival allowances and Arrears of DA/pay and other allowances)

PAN :

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


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(e) 80D..

(f) 80DD..

(g) 80DDB..

(h) 80E..

(i) 80G..

(j) 80GGC..

(k) 80U..

0 0

8 0

9

0

0

00 0

10 0

11 0

12..

13 0

14 0

15 0

Signature of the Officer in the case of Gazetted Officer.

Total

Less Tax deducted from the salary bill

Tax Payable

Net Taxable Income(Rounded to nearest ten)

Income Tax on Total Income :Upto Rs. 200000/- : Nil

Deduction inrespect of persons with disability :

(Rs. 50000/- or Rs. 100000/-

500001/- to 1000000/- : 20% of total income exceeding Rs. 500000/-

Less Relief u/s 89(i)

Balance Tax

Maintenance and Medical treatment of Handicapped Dependent


Medical treatment for certain specified disease or ailment

(Maximum of Rs. 40000/- and Rs. 60000/- as the case may be)

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

200001 to 500000/-

Repayment of interest on loan taken for higher education

Donation to certain funds, charitable institutions etc.:

: 10% of total income exceeding Rs. 200000/-

Total

Contribution to Political Parties :

Total Tax

Above Rs. 1000000/- : 30% of total income exceeding Rs. 1000000/-

Place :Pattambi

Date:25.12.2013

Add Educational Cess(3% of tax )

Signature of the Head of Office in case of NGO


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< BACK TO FORM

FORM NO 16 >


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From To

01/04/12 31/03/13

1 Gross Salary 0

2 Less Allowance to the extent under section 10

3 Net Salary Income (1-2) 0

4 Add : Any other income reported by the employee

(a) Agriculture Income

(b) Income from house property

(c) Other specify

Total

5 Total Income (3-4) 0

6 Deductions : (Under section 16)

(a) Tax on employment 0

(b) Entertainment allowance

Total 6 (a+b) 0

7 Under section 24

Interest on HBA 0

8 0

9 Under section 80 - C

..

..

..

..

..

..

..

..

..

..

..

..

l) Mutual Fund ..

m) others .

0

d) Arrear DA

h) HBA

c) PPF Contribution

Statement under section 206 is to be filed

g) FBS

Gross Total Income

0

(ii) Direct Payment

PAN : 0

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 :

0

0

0

0

2013-2014

Assessment YearPeriod

a) LIC ( i) Salary Deduction

j) Equity Shares/Debentures

e) SLI

i) Tution Fee paid (Limited to 2 Children)

k) NSC VIII Issue

TAN :

b) GPF Contribution

d) GIS

Total

0

DETAILS OF SALARY PAID AND ANY OTHER INCOME TAX DEDUCTED

0

0


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10 Under section 80 - CCC 0

11 Under section 80 - CCD 0 0

12 Under section 80 - CCF 0

13 0

14 Under section 80 - D ..

15 Under section 80 - DD ..

16 Under section 80 - DDB..

17 Under section 80 - E ..

18 Under section 80 - G ..

19 Under section 80 - U ..

20 ..

21 Total of item 12-17 0

22 0 0

23 0

24 0

25 0

26 0

27 ..

28 0

29 0

30 Nil

and other available records.

Signature of the person

responsible for deduction of tax

Place :

Date :

DETAILS OF TAX DEDUCTED AT DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT

Name of Bank & Branch

where tax DepositedAmount Date of Payment

Educational Cess @ 3%

Balance Tax to be paid / refunded

Under section 80 - GGC

Tax already paid / deducted

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

Balance Tax

Less Relief u/s 89(i)

Income taxpayable

Taxable Income (8-22) (Rounded to nearest ten rupee)

Total deduction admissible (13+21)

Total Tax Payable (24+25)

Designation ...........................................................

0

I ..............................................................................................Son of ...............................................................................

Name......................................................................

I further certify that the information given above is true and correct based on the book of accounts, documents

.........................................(in words) has been deducted at source and paid to the credit of the Central Government.

certifying that a sum of Rs......................................(Rupees.....................................................................................

working in the capacityy of .................................................................................................(Designation) do hereby


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Statement Form

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IT Calculator 12 13

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