Relief Calc
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Transcript of Relief Calc
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HELP
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HELP
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HELP
The relief Calculator is mainly designed to reduce the burden of additional tax due to the
receipt of PAY REVISION ARRERS. Even though pay revision arrear be received from the
year 2009-10 onwards, some more back years are also added to the calculation, to help
those who have received any other type of arrears.This will help to calculate Relief u/s 89(1)
and to print 10 E and related forms, which is to be attached with the income tax statements
This relief will be benefitted those employees, whose total income is not reached at taxable
limit in the previous years to and has to pay tax in this year.Those, who are already paid
taxes in the previous years, will not be benefitted, in normal cases.
The main page of the Relief Calculator has divided in to 5 parts from PART-A to PART E.
You have to enter data only in Part A and Part B. The calculations in the other parts are
automated.
You can fill data only in yellow colured cells.
While entering data in Part A, don't forget to select the appropriate category. Otherwise the
calculations will not take effect
In Part B, there are three rows.In first row, you should enter the Total Taxable Income of the relevent years. Total Income
means excluding arrears ,including all other income and after all the deduction like section
80C,80CC,80D,80G ....80U etc. The figures of the Total Income of the previous years should
be matched with the copies of Income Tax Statments of these years. If you put a diifferent
figure, It will not be accepted by the department.
Only fill the details of years to which arrears are applicable. Leave the remaining columns
blank. Eg. If you revised the salary with effect from July 2009, you may be received Pay
Revision Arrear for the year 2011-12, 2010-11 and 2009-10. Here you should fill only these
three columns and leave the other colums unfilled.
In the second row, you should split the total arrear salary received to concerned years and
insert in the appropriate colums (No matter, whether the arrear is merged to PF or received
in Cash). This can be done with help of the copy of Due-Drawn Statements of Arrear Salary.
The total of arrear salary may be automatically shown on the third row.
HELP ON RELIEF CALCULATOR MAIN PAGE
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HELP
Then the relief u/s 89(1) is shown under Part -E. If you have any relief please click on the
button given below the Part-E and print Form 10 E, Annexure-1, and Table-A.
Then insert the amount of Relief u/s 89(1) to the relevent columns of your Income Tax
Statements and deduct it from Total Tax calculated on the income including arrears.If you are using EASY TAX, please insert the relief amount to the 23 rd item of the
Deduction section
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HELP
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Data
2011-12 2010-11 2009-10 2008-09
2011-12 2010-11 2009-10 2008-09
The calculations in the remaining tables are automated. You don't ha
NAME
Designation
Office
PAN
FINANCIAL YEAR
Total Income excluding arrears
Add: Arrears of salary
Total Income
Tax on total income
Enter the Arrear Details(Only the details of years to which arrears are applicable is to be enter
FINANCIAL YEAR
Total Income as per Income tax
returns excluding arrears
Split the Arrears Received this year
into concerned years
Total Arrears Received
Select Category - It is Compulsary Male
TAX CALCULATED ON RECEIPT BASIS
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Data
2011-12 2010-11 2009-10 2008-09
Add - Surcharge
Tax with Surcharge
Add - Education cess
Total tax
Financial year
Total Income excluding arrears
Add: Arrears of salary
Total Income
Tax on total income
Add - Surcharge
Tax with Surcharge
Add - Education cess
Total tax
TAX CALCULATED ON ACCRUAL BASIS
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Data
Relief U/S 89(1) ie Total Tax (A) - Total Tax
(If you are using EASY TAX, please insert this amount to the 23rd item under 'De
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Data
2007-08 2006-07 2005-06
2007-08 2006-07 2005-06
ve to bother about it
ed. Leave others blank)
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Data
2007-08 2006-07 2005-06
TOTAL TAX (A)
TOTAL TAX (B)
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Data
Nil(B)
ductions' page)
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1 (a)
(b) Nil
(c) Nil
(d) Nil
2
Place: .
Date:..
Verified today on the, 14th day of March 2012
Signature of the employee
FORM NO.10 E
[See rule 21AA]
Signature of the employee
Name and address of the employee
ayment n t e nature o compensat on rom t e emp oyer or ormer emp oyer
at or in connection with termination of employment after continuous service of
not less than 3 years or where the unexpired portion of term of employment is
also not less than 3 e
Permanent account number
Residential status
Particulars of income referred to in rule 21A of the Income-tax Rules, 1962,during the previous year relevant
to assessment year 2012-13(Rs.)
Verification
I, , , do hereby declare that what is stated above is true to the best of my knowledge and belief.
Payment in commutation of pension in accordance with the provisions of sub-
rule (5) of rule 21A
Detailed particulars of payments referred to above may be given in Annexure I,II,IIA,III, or IV as
the case may be.
Form for furnishing particulars of income under section 192(2A) for the year ending 31 st March, 2012
for claiming relief under section 89(1) by a Government servant or an employee in a Company, Co-
operative society, Local authority ,University, Institution, Association or Body
RESIDENT AND ORDINARILY RESIDENT
Salary received in arrears or in advance in accordance with the provisions of
sub-rule (2) of rule 21A.
Payment in the nature of gratuity in respect of past services, extending over a
period of not less than 5 years in accordance with the provisions of sub-rule (3)
of rule 21A.
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Sl.No Amount (Rs)
1
2
3
4
5
6
7
8
Name:
Designation
Office
Place: .
Date:..
ANNEXURE-I
[See item 2 of Form No.10E]
Arrears or advance salary
Total income (excluding salary received in arrears or advance)
Salary received in arrears or advance
PARTICULARS
Total income (as increased by salary received in arrears or advance) [Add item
1 and item 2]
Tax on total income [as per item 3]
Relief under Section 89(1) [Indicate difference between the amounts mentioned
against item 6 and item 7]
Signature:
Tax on total income [as per item 1]
Tax computed in accordance with Table "A" [Brought from column 7 of Table
A]
Tax on salary received in arrears or advance [Difference of item 4 and item 5]
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Previous
year
Total income of
the relevent
previous
year(Rs.)
Salary received
in arrears or
advance
relating to the
relevent
previous year
as mentioned in
column (1) (Rs.)
Total income
(as increased by
salary received
in arrears or
advance) of the
relevent
previous year
mentioned in
column (1) (Rs.)
Tax on total
income [as per
column (2)-
After Rebate
and including
Edn Cess and
Surcharge]
(Rs.)
Tax on total
income[as per
column (4)
After Rebate
and including
Edn Cess and
Surcharge]
(Rs.)
Difference in tax
[Amount under
column (6)
minus amount
under column
(5)] (Rs.)
(1) (2) (3) (4) (5) (6) (7)
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
TOTAL
Name:
Designation:Dept:
Signature:
Place: ...................................
Date : ...................................
TABLE "A"
[See item 7 of Annexure 1]
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Year Male Female Seniors Rate Surcharge/Cess
Up to Rs 1 Lakh Up to Rs.1.35 Lakh Up to Rs.1.85 lakhs Nil
1,00,001 - 1,50,000 1,35,000-1,50,000 ---------- 10%
1,50,001-2,50,000 1,50,001-2,50,000 1,85,001-2,50,000 20%
More than Rs.2,50,000 More than Rs.2,50,000 More than Rs.2,50,000 30%
Up to Rs 1 Lakh Up to Rs.1.35 Lakh Up to Rs.1.85 lakhs Nil
1,00,001 - 1,50,000 1,35,000-1,50,000 ---------- 10%
1,50,001-2,50,000 1,50,001-2,50,000 1,85,001-2,50,000 20%
More than Rs.2,50,000 More than Rs.2,50,000 More than Rs.2,50,000 30%
Up to Rs.1.10 Lakh Up to Rs.1.45 Lakh Up to Rs.1.95 lakhs Nil
1,10,001-1,50,000 1,45,001-1,50,000 ---------- 10%
1,50,001-2,50,000 1,50,001-2,50,000 1,95,001-2,50,000 20%
More than Rs.2,50,000 More than Rs.2,50,000 More than Rs.2,50,000 30%
Up to Rs.1.50 lakh Up to Rs.1.80 lakh Up to Rs.2.25 lakh Nil
1,50,001-3,00,000 1,80,001-3,00,000 2,25,001-3,00,000 10%
3,00,001-5,00,000 3,00,001-5,00,000 3,00,001-5,00,000 20%
More than Rs.5 lakh More than Rs.5 lakh More than Rs.5 lakh 30%
Up to Rs.1.60 lakh Up to Rs.1.90 lakh Up to Rs.2.40 lakh Nil
1,60,001-3,00,000 1,90,001-3,00,000 2,40,001-3,00,000 10%
3,00,001-5,00,000 3,00,001-5,00,000 3,00,001-5,00,000 20%
More than Rs.5 lakh More than Rs.5 lakh More than Rs.5 lakh 30%
Up to Rs.1.60 lakh Up to Rs.1.90 lakh Up to Rs.2.40 lakh Nil
1,60,001-5,00,000 1,90,001-5,00,000 2,40,001-5,00,000 10%
5,00,001-8,00,000 5,00,001-8,00,000 5,00,001-8,00,000 20%
More than Rs.8 lakh More than Rs.8 lakh More than Rs.8 lakh 30%
2010-11
Edu cess @ 3%
on IT
2007-08
Surcharge @
10% if Income
>Rs. 10 lakh,
edu cess @ 3%
on IT
2008-09 Surcharge @
10% if Income
>Rs. 10 lakh,
edu cess @ 3%
on IT
2
009-10
Edu cess @ 3%
on IT
PREVIOUS INCOME TAX RATES
alrahiman.wordpress.com
2005-06
Surcharge @
10% if Income
>Rs. 10 lakh,
edu cess @ 2%
on IT
2006-07
Surcharge @
10% if Income
>Rs. 10 lakh,
edu cess @ 2%
on IT