Tax Computation 2009 Ver1.3

8/14/2019 Tax Computation 2009 Ver1.3

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the control box1 Please select the city

House Rent Allownace

Taxable Month Salary Tax free Taxable

0 April 0 0 0 0 00 May 0 0 0 0 00 June 0 0 0 0 00 July 0 0 0 0 00 August 0 0 0 0 00 September 0 0 0 0 00 October 0 0 0 0 00 November 0 0 0 0 00 December 0 0 0 0 00 January 0 0 0 0 00 February 0 0 0 0 00 March 0 0 0 0 00 TOTAL 0 0 0 0 0

HRAReceived

Rent Paidby

employee


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Please read the instruct 1. Please enter the data in the Unprotected areas in the number format where ever it i

ssessement ear 2

Suggestions and Advices are invited: Please write your advi

Further Improvements are needed to be identified b

2. Please specify the Assessment Year for which you are calculating the tax Belobecause there are certain provisions which are applicable for 2009 - 10 Assessement

It is Suggested to Enable the macro by seting the macro security level to

generate Form 16

In the sheets the data are interlinked with each other there are some hidden files alsothe data and function security purpose. You will get the Taxable Components of Salary

To Generate The Form 16 Please Go to the "Details" sheet Fill up the partic This Spreadsheet Programme has been designed to Enable the employers to makebasis and not on presumption or imaginary basis.

This spreadsheet Calculated tax every month on cumulative basis hence it is helpfu1961

Also Please provide details like the age of the assessee and the gender as'Taxable' which takes into consideration the various exemption limit for taxation purp

This Workbook has Two Components. Form 16 and Tax Calculations. The DeductionHence you have to enter the figures separately in form16 to generate the form 16.

Name of the author: Jiten Kumar Sahu [B.Com, M.Com, CA (Inter)]Place of Origin: Bhubaneswar (Orissa)Email: [email protected] no: 9937345326

2009-10


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ionss allowed to enter the data

ces and revert me back

y the users.

In the Assessement Year Drop Down Menuear onwards

Medium or Very low it is required to

hence this workbook is entirely protected forin the Taxable sheet.

lars and press any of the buttonsTDS from the Salary every month on actual

l for TDS aspect under section 192 of IT Act

ell as the status of inability in the sheetose

of 80C has not been linked to the Form 16


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E m p

l o y e r d e

t a i l s

E m p

l o y e e

D e

t a i l s


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a x

D e t a

i l


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Financial YearPERIODNameAddress 1Address 2Address 3Pin code

PAN No. of the Deductor

TAN No. of the Deductor

TDS Assessment Range of the Employer :

Person responsible for deduction of taxFather's Name (Son of)Designation :

Name of the employeeDesignation of the employeePAN No. of the Employee

Is the employee a director or a person withsubstantial interest in the company(where the employer is a company)

Place :Date :


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Quarter June 2008

September 2008December 2008

March 2009


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2008 - 09 Assessment Year 2009

No


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- 10

Err:502

Err:502

Err:502

Fill up the Yellow

highlightedAreas only


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2007 - 08 2008 - 092008 - 09 2009 - 10

YesNo


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19. Tax payable / refundable (17-18)


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oyee

nt Year

- 10

-

---

-


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-


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-----

-------

Transfer voucher/Challan

Identification No.


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FORM NO. 12 BA[See rule 26A(2)(b)]

Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof

, , , ,1. Name and address of employer :

2. TAN 0

3. TDS Assessment Range of the Employer : 0

4. Name and designation and PAN of employee : ,0

5. Is the employee a director or a person withsubstantial interest in the company No

(where the employer is a company)

6. Income under the head "Salaries" of the employee : -

7. Financial Year : 2008 - 09

8. Valuation of Perquisities :

S. Nature of Perquisite Value of Amount,if any Amount of No. (see rule 3) perquisite as paid by taxable

per rules employee perquisite(Rs.) (Rs.) (Rs.)

1 Accommodation - - 2 Cars - - 3 Sweeper, gardener, watchman

or personal attendant - - -4 Gas, electricity, water - - -5 Interest free or concessional loans - - -6 Holiday expenses - - -7 Free or concessional travel - - -8 Free meals - - 9 Free Education - - -

10 Gifts, vouchers, etc. - - -11 Credit card expenses - - -12 Club expenses - - -13 Use of movable assets by employees - - -14 Transfer of assets to employees - - -15 Value of any other benefit/amenity/service/ previlege

16 Stock options (non-qualified options) - - -17 Medical Expenses Reimbursement - - -

- - - -

18 Total value of perquisites - - 19 Total value of profits in lieu of salary as per section 17(3) - -

- -

9. Details of tax,-

(a) Tax deducted from salary of the employee under section 192(1)(b) Tax paid by employer on behalf of the employee under section 192(1A)(c) Total tax paid(d) Date of payment into Government Treasury 30-Dec-189

DECLARATION BY EMPLOYER

I, , son of, working as do hereby declare on behalf of that the information given above is based on the books of account, documents and other relevant records or information available with us and the details of value of each such perquisite are in accordance with section 17 and rules framedthereunder and that such information is true and correct.


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Form 16 (Annexure)

Assessment Year 2009 - 10 Financial

Employer : 0

Employee : 0

Particulars Rupees

Gross Salary(a) Salary as per Provisions contained in Section 17(1)

Salary and other Salary Components

Bonus Gratuity Leave Encashment Retrenchment Compensation House Rent Allowance

Other Allowances

Special Allowance

(b) Value of perquisites under section 17(2) (as per FormNo. 12BA, wherever applicable)

(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)

Gross Salary

Particulars Rupees

Allowance to the extent exempt under section 10

House Rent AllowanceExemption u/s 10 (13A) read with Rule 2A

(a) HRA received -(b) Actual Rent Paid -

Less : 1/10th of Salary - -(c) 50% of Salary -

'Least of (a), (b) & (c) Exempt U/s 10 (10B) - Retrenchment Compensation Exempt U/s 10 (10) - Gratuity Exempt U/s 10 (10AA) - Leave Encashment Exempt U/s 10 (14) - Special Allowances

Total amount claimed to be exempt

For

0Decem er 30, 1899


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FORM NO.16[See rule 31 (1) (a)]

Certificate under section 203 of the Income Tax Act, 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

00

000

PAN No. of the Deductor TAN No. of the Deductor PAN No. of the Employee0 0

PERIOD

FROM TO

Quarter Acknowledgement No.

30-Dec-99 30-Dec-99 June 2008 0

September 2008 0December 2008 0

March 2009 0

DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED1. Gross Salary *

( a ) Salary as per provisions contained in section 17 (1) -( b ) Value of perquisites under section 17 (2)

(as per Form No. 12 BA, wherever applicable) -( c ) Profits in lieu of Salary under section 17 (3)

(as per Form No. 12 BA, wherever applicable) -( d ) Total

2. Less : Allowance to the extent exempt under section 10 -

3. Balance (1-2)

4. Deductions :

(a) Entertainment allowance Rs. -(b) Tax on Employment Rs. -

5. Aggregate of 4 (a to b) -

6. Income chargeable under the Head Salaries(3-5)

7. Add. : Any other income reported by the employeeCapital Gain Income From House Properties

8. Gross total income (6+7)

9. Deductions Under Chapter VI-A

(A) sections 80C, 80CCC and 80CCD(a) section 80C

(a) Accrued Interest on NSC Rs. - - (b) Provident Fund Rs. - (c) Public Provident Fund Rs. - (d) LIC Premium Rs. - (e) Infrastructure Bond Rs. - (f) Repayment of Housing Loan Rs. - (g) Tuition Fees Rs. - (h) Rs. -

(b) section 80CCC Rs. - - (c) section 80CCD Rs. -

(B) other sections (e.g., 80E, 80G etc.)Under Chapter VIA(a) section 80 D Mediclaim Insurance policy Rs. - - (b) section 80 DD Rs. - - (c) section 80 E Interest on Educational Loan Rs. - -

Acknowledgement Nos. of all quarterly statements of TDS under sub-section (3) of section 200 as provided by TIN Facilitation Centre or NSDL web-site

Gross Amount


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(b) Tax paid by the employer on behalf of the employeeu/s 192(1A) on perquisites u/s 17(2)

19. Tax payable / refundable (17-18)


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DETAILS TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVERNMENT ACCOUNT

S. No.

1 -2 -3 -4 -5 -6 -

7 -8 -9 -

10 -11 -12 -

Total amount Paid -

#VALUE!

Signature of the person responsible

for deduction of tax

Place : - Full Name : -Date : December 30, 1899 Designation : -

TDSRs.

SurchargeRs.

EducationCess

Rs.

Total taxdeposited

Cheque/DD No.(if any)

BSR Code of Bank branch


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FORM NO. 12 BA[See rule 26A(2)(b)]

Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof

1. Name and address of employer : , , , ,

2. TAN 0

3. TDS Assessment Range of the Employer : 0

4. Name and designation and PAN of employee : ,0

5. Is the employee a director or a person withsubstantial interest in the company No(where the employer is a company)

6. Income under the head "Salaries" of the employee : -

7. Financial Year : 2008 - 09

8. Valuation of Perquisities :

S. Nature of Perquisite Value of Amount,if any Amount of No. (see rule 3) perquisite as paid by taxable

per rules employee perquisit(Rs.) (Rs.) (Rs.)

1 Accommodation - - 2 Cars3 Sweeper, gardener, watchman

or personal attendant4 Gas, electricity, water - - 5 Interest free or concessional loans 6 Holiday expenses7 Free or concessional travel - - 8 Free meals9 Free Education - -

10 Gifts, vouchers, etc.11 Credit card expenses12 Club expenses13 Use of movable assets by employees - - 14 Transfer of assets to employees - - 15 Value of any other benefit/amenity/service/ previlege

16 Stock options (non-qualified options)17 Medical Expenses Reimbursement - -

18 Total value of perquisites - - 19 Total value of profits in lieu of salary as per section 17(3)

- -

9. Details of tax,-

(a) Tax deducted from salary of the employee under section 192(1)(b) Tax paid by employer on behalf of the employee under section 192(1A)(c) Total tax paid(d) Date of payment into Government Treasury


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Age: (in Years) Company Name Type the name of thSex: (Men or Women) Date of Joining Date ofHandicaped? Yes or No.

PAN No.Particulars April May June July AugustBasic 0 0 0 0Dearness Pay 0 0 0 0 0Dearness Allowance 0 0 0 0 0Commission on Turn over 0 0 0 0 0Commission 0 0 0 0Bonus 0 0 0 0Employer's cont to PF 0 0 0 0 0Special Allowances 0 0 0 0 0Voluntary Payment 0 0 0 0 0Advance salary 0 0 0 0 0Arrears of salary 0 0 0 0 0Leave encashment for current period 0 0 0 0 0Leave encashment for Preceding years 0 0 0 0 0

Salary in lieu of notice 0 0 0 0 0Fees 0 0 0 0Pension 0 0 0 0Annuity 0 0 0 0Retrenchment Compensation 0 0 0 0 0Overtime/Extra Work 0 0 0 0 0Gratuity In respect of Current yr Service 0 0 0 0 0Gratuity in respect of Preceding Yr service 0 0 0 0 0HRA 0 0 0 0Conveyance/Transport Allowance 0 0 0 0 0Children Education Allowance 0 0 0 0 0Children Hostel Allowance 0 0 0 0 0Other Allowances 0 0 0 0 0Rent Free Accomodation 0 0 0 0 0LTC 0 0 0 0

Gas Energy and Water 0 0 0 0 0Free Education 0 0 0 0 0Use of Moveable Assets other than CAR, Computer/Laptops 0 0 0 0 0Sale of Movable Assets to Employee 0 0 0 0 0Reimbursement of Medical expenses: 0 0 0 0 0Any other Perk 0 0 0 0 0Gross Salary 0 0 0 0Deduction U/s 16(iii) 0 0 0 0 0Net Amount 0 0 0 0Deductions U/s80 C 0 0 0 080 CCC 0 0 0 0limit 80 C + 80 CCC 0 0 0 0 080 D 0 0 0 080 DD 0 0 0 0

80 E 0 0 0 080 G 0 0 0 080 U 0 0 0 0

ble Income 0 0 0 0 0Adjustable Income 0 0 0 0 0

Tax on Taxable incomeIT 0 0 0 0

SCHG 0 0 0 0EC 0 0 0 0

SHEC 0 0 0 0


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Leave encashment Leave encashment Salary in lieu of notice Fees Gratuity Gratuity Pension Annuity Retrenchment over time

0.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.000.00 0.00

0.00 0.000.00 0.000.00 0.000.00 0.00

0 0 0 0 0 0 0

pertaining to currentyear while in service

not pertaining tocurrent year while inservice of preceedingyear

payable inrespect of service of

the currentyear

payable inrespect of service of

thepreceeding

year

uncommuted

pension


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CHILDREN'S HOSTEL ALLOWANCEConveyance allo

Month Tax Free Taxable MonthReceipt Utilised Receipt Util

April 0 0 0 1 AprilMay 0 0 0 1 May

June 0 0 0 1 June July 0 0 0 1 JulyAugust 0 0 0 1 AugustSeptember 0 0 0 1 SeptemberOctober 0 0 0 1 OctoberNovember 0 0 0 1 NovemberDecember 0 0 0 1 December

January 0 0 0 1 JanuaryFebruary 0 0 0 1 FebruaryMarch 0 0 0 1 March

TOTAL 0 0 0 TOTAL 0 0 0

Please select the city

Transport Allowance CHILDREN EDUCATION ALLOWANCE House Rent Allowances

Month Month Month

April 0 April 0 1 AprilMay 1 May 0 1 May

June 2 June 0 1 June July July 0 1 JulyAugust August 0 1 AugustSeptember September 0 1 SeptemberOctober October 0 1 OctoberNovember November 0 1 NovemberDecember December 0 1 December

January January 0 1 JanuaryFebruary February 0 1 FebruaryMarch March 0 1 March

Travelling / Transferallowance

No.OFChildren

AmountReceived

AmountReceived No.OF

Children

AmountReceived

HRAReceived

Rent Paid byemployee


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HPLoss_Income

1. Income From the head House Property 2 Fin . Year 2008-09

House Locations >>>>>>>> Self Occupied Location 2 Location 3 Location 4 Location 5 Location 6 Location 71 Municipal Rental Value (a)

2 Fair Rental Value (b)3 Standard Rental Value (c)

45 Unrealised rent6 Vacancy7 0 0 0 0 08 Reasonable Expected Rent 0 0 0 0 09 Gross Annual Value 0 0 0 0 0

10 Municipal taxes Paid by assesseePlease Fill the dates in the Format of DD MMM YYYY Loan taken on Date

NAPlease provide Pre Construction Interest from 30-Dec-99 to NASum total of Gross Annual Values - NA NA NALess, Municipal taxes Paid by the assessee - 0 0 0Net Annual Value -

-Less, Interest Paid on Loan taken for house

Pre Construction Interest -Current Year Interest

-Allowable Interest Deduction -

Income From the House Property -

Actual Rent that could have been earned if theproperty is let through out the year (d 1)

(d 2)(d 3)

Received or receivable rent (d 1 -d 2 -d 3 )

House Acquired or construction Completed onDate

Target Date of Acquisition or Completion of construction

less, 30% of NAV u/s - 24 towards repair andmaintainance


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Type of loan Period20Lacs 20Lacs

Housing loan Up to 5 years 10.25% 10.25% 10.00% 10.25%Housing loan Above 5 years but up to 10 years 10.75% 10.75% 10.25% 10.50%Housing loan Above 10 years but up to 15 years 10.75% 10.75% 10.25% 10.50%Housing loan Above 15 years but up to 20 years 10.75% 10.75% 10.50% 10.75%Car loan, for new car Up to 3 years (Rs. 7.5 lakh and above) 11.50% 11.50% 11.50% 11.50%

Car loan, for new car Up to 3 years (below Rs. 7.5 lakh) 11.75% 11.75% 11.75% 11.75%Car loan, for new car Above 3 years but upto 5 years 11.75% 11.75% 11.75% 11.75%Car loan, for new car Above 5 years but upto 7 years 12.00% 12.00% 12.00% 12.00%

Two wheeler loan 14.25% 14.25% 15.50% 15.50%Education loan Loan amount up to Rs. 4 lakh 11.50% 11.50% 12.25% 12.25%Education loan Loan amount above Rs. 4 lakh 13.25% 13.25% 13.25% 13.25%Personal loan 15.25% 15.25% 15.50% 15.50%

As on April 1, 2007for the AY 2008-09

As on April 1, 2008for the AY 2009-10


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PLEASE ENTER YOUR NAME HERE

Perquisites Value of Loans Taken from the Company

Housing Loan

Original Loan Amount 0 0 0 0Co. interest rate

Prescribed interest rateDifferential int 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Maximum Outstanding Balance at the end of months

Apr 2008May 2008

Jun 2008 Jul 2008Aug 2008Sep 2008Oct 2008Nov 2008Dec 2008

Jan 2009Feb 2009Mar 2009

Total value of Perquisites for the year

Instructions:1. Enter the original loan amount, and company interest rate in rows 5, 6 respectively2. Please specify the loan period in Years3. Please enter the Interest rate on the 1st Day of month of April for the year 2008 which is fixed by the SBI

Car loan, for new car

PCLoan

SoftLoan

SalaryLoan

EducationLoa


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Whether Rent free accomodation provided?D

Please Select the city If Furnished please fill this also IfRent free Accommodation If

Month Month

April AprilMay May

June June July JulyAugust AugustSeptember SeptemberOctober OctoberNovember NovemberDecember December

January January

February FebruaryMarch March

Leave Travel Concession Gas, Electricity energy or Water Suppy Provided Free of cos

Month Total amount received Tax free amount Taxable MonthApril 0 AprilMay 0 May

June 0 June July 0 JulyAugust 0 AugustSeptember 0 SeptemberOctober 0 OctoberNovember 0 NovemberDecember 0 December

January 0 JanuaryFebruary 0 FebruaryMarch 0 March

0Free education U

Month Taxable amount Month1 April 0 Ap1 May 0 Ma

1 June 0 Jun1 July 0 Jul1 August 0 Aug1 September 0 Septe1 October 0 Octo1 November 0 Nove1 December 0 Dece1 January 0 Janu1 February 0 Febr1 March 0 Ma

Type of Asset Month Completed Year WDVDecline Bal April 0 0

Decline Bal May 0 0Decline Bal June 0 0Decline Bal July 0 0D li B l A 0 0

Lease rent paid byemployer (in case

Accomodation not ownedby employer)

Rent Paid byemployee

If Furnituresowned by the

Employer cost of furniture

If aquired on Leasethen the lease rent

A

D

Amount paid orPayable to Outsideagencyor ManufacturingCost to employer

Rfrem

Payment of School Feesof employee's childrendirectly to school orReimbursement of fees

Payment of SchoolFees of employee'sFamily Memberdirectly to school orReimbursement

RecoveredFromEmployee

No. of Children(Childrendoesnot includeGrand children)

Sale of Movable Assets to Employee (Fill only the white Highlighted areas)

Cost of Acquisition toEmployer

Date of AcquisitionDD/MMM/YYYY

Date of Sale(DD/MMM/YYYY)

RfrEm

Othe rs


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NSC Accrued Interest

Page 1

NSC Accrued Interest CalculationPlease Note Sum Total and Carry Forward to the sheet Named 80C for CompCertificate No. Date of Purchase Amount invested

0000000000000000

000000000000000000000000000000000

Total Accrued Interestlease Note this Figure and Carry Forward to the sheet Named 80C for Comp


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Page 2

Instructions:1. Enter details of al l NSCs purchased between 1-Apr-2001 and 31-Mar-20072. NSCs purchased before or after this date do not accrue interest for this financial year3. Entry of certificate number is optional


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Page 3

utation of the DeductionsAccrued Interest

0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00

0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00

0.00utation of the Deductions


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CG on Scrips

Page 5

Capital Gains Tax Calculation(Only for Stocks bought/sold through a Stock Exchange and where ST

Scrip Name NosPurchase Selling

Price Date Price Date


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CG on Scrips

Page 6

Total Accrued Interest

Instructions:1. Enter details of all stocks sold during the current financial year2. Only stocks sold through a recognized stock exchange and where the Securities Transaction Tax (STT) is paid s


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CG on Scrips

Page 7

is paid)

Gains Tax

0 00 00 00 00 00 00 00 00 00 00 00 00 00 0

0 00 00 00 00 00 00 00 00 00 00 00 00 00 0

0 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 0

LT/ST

TaxRate


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CG on Scrips

Page 8

0 00 00 00 00 00 0

0 00 00 00 0

0

hould be entered here


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Sr. No.1

23

4

5

6 7 8

9

10

1112

13

14

15

16


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17

18

19

20

a.

b.


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Please Put the Figures by reading the instructions carefullyParticulars

Life insurance premium (including payment made by Government employees to the Central GovernmentEmployees insurance scheme and payment made by a person under childrens deferred endowmentassurance policy) [subject to a maximum of 20 per cent of sum assured (sum assured does not includeany premium agreed to be returned or any benefit by way of bonus)][ see Note 1]

Payment in respect of non-commutable deferred annuity [ see Note 2]Any sum deducted from salary payable to a Government employee for the purpose of securing him adeferred annuity (subject to a maximum of 20 per cent of salary) [ see Note 3]

Contribution (not being repayment of loan) towards statutory provident fund and recognized provident fund

Contribution (not being repayment of loan) towards 15 year public provident fund [ see Notes 4 and 6]

Contribution towards an approved superannuation fund Subscription to National Savings Certificates , VIII Issue [ see Note 7]Contribution for participating in the unit-linked insurance plan ( ULIP ) of Unit Trust of India [ see Note 5]

Contribution for participating in the unit-linked insurance plan ( ULIP ) of LIC Mutual Fund ( i.e. ,formerly known as Dhanraksha plan of LIC Mutual Fund) [ see Note 5]

Payment for notified annuity plan of LIC ( i.e. , New Jeevan Dhara and New Jeevan Akshay, New JeevanDhara I, New Jeevan Akshay I and New Jeevan Akshay II)

Subscription towards notified units of Mutual Fund or UTIContribution to notified pension fund set up by Mutual Fund or UTI ( i.e. , Retirement Benefit UnitScheme of UTI and Kothari Pioneer Pension Plan of Kothari Mutual Fund)

Any sum paid (including accrued interest) as subscription to Home Loan Account Scheme of the NationalHousing Bank or contribution to any notified pension fund set up by the National Housing Bank.

Any sum paid as subscription to any scheme of a. public sector company engaged in providing long-term finance for purchase/construction of residentialhouses in India

b. housing board constituted in India for the purpose of planning, development or improvement of cities/towns

Any sum paid as tuition fees (not including any payment towards development fees/donation/payment of

similar nature) whether at the time of admission or otherwise to any university/college/educationalinstitution in India for full time education

Any payment towards the cost of purchase/construction of a residential property (including repayment of loan taken from Government, bank, cooperative bank, LIC, National Housing Bank, assessees employer where such employer is public company/public sector company/university/co-operative society) [ see

Note 9]


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Notes:

Amount invested in approved debentures of, and equity shares in, a public company engaged ininfrastructure including power sector or units of a mutual fund proceeds of which are utilised for thedeveloping, maintaining, etc., of a new infrastructure facility

Amount deposited in a fixed deposit for 5 years or more with a scheduled bank in accordance with ascheme framed and notified by the Central Government (applicable from the assessment year 2007-08).

Five Year Post Office Time Deposit Account and Senior Citizen Savings Scheme Investment made on or after 1st April 2007

as subscription to any notified bonds issued by the National Bank for Agriculture and RuralDevelopment (applicable from the assessment year 2008-09)

1. In the case of an individual policy should be taken on his own life, life of the spouse or any child(child may be dependent/independent, male/female, minor/major or married/unmarried). In the case of aHindu undivided family, policy may be taken on the life of any member of the family.

2. Annuity plan should be taken in the name of the individual, his wife/her husband or any child of suchindividual.3. It should be for the benefit of the individual, his wife or children.

4. In the case of an individual, the provident fund account should be in his own name or in the name of his/her spouse or any child (child may be dependent/independent, male/female, minor/major or married/unmarried). In the case of a Hindu undivided family, provident fund account should be in thename of any member of the family.

5. In the case of an individual, ULIP should be taken on his own life, life of the spouse or any child(child may be dependent/independent, male/female, minor/major or married/unmarried). In the case of aHindu undivided family, ULIP may be taken on the life of any member of the family.

6. There is no maximum ceiling under the Income-tax Act. However, under the public provident fundscheme, the maximum contribution is Rs. 70,000.

7. Accrued interest (which is deemed as reinvested) is also qualified for deduction for first 5 years.

8. While an individual can make payment in any of the above referred investments, an HUF cannotinvest in points 2, 3, 4, 6, 12 and 14 mentioned above.

9. The following payment made towards the cost of purchase/construction of a new residential house

property is qualified for the purpose of section 80C :any instalment or part payment of the amount due under any self-financing or other scheme of anydevelopment authority, housing board or other authority engaged in the construction and sale of house

property on ownership basis ; or

any instalment or part payment of the amount due to any company or co-operative society of which theassessee is a shareholder or member towards the cost of the house property allotted to him (it is notapplicable if the assessee is not a shareholder or member of the company/co-operative society which

provides house to the assessee); or


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repayment of the amount borrowed by the assessee from the Central Government or any State Government, or any bank, including a co-operative bank, or the Life Insurance Corporation of India, or the National Housing Bank, or

The following payments are not qualified for the purpose of section 80C :

any expenditure in respect of which deduction is allowable under the provisions of section 24.

any public company formed and registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposeswhich is eligible for deduction under section 36(1)( viii), or

any company in which the public are substantially interested or any co-operative society, where suchcompany or co-operative society is engaged in the business of financing the construction of houses, or

the assessees employer where such employer is an authority or a board or a corporation or any other body established or constituted under a Central or State Act, or

the assessees employer where such employer is a public company or public sector company, or auniversity established by law or a college affiliated to such university or local authority or co-operativesociety ;

stamp duty, registration fee and other expenses for the purpose of transfer of such house property to theassessee.

the admission fee, cost of the share and initial deposit which a shareholder of a company or a member of a co-operative society has to pay for becoming such shareholder or member ; or

the cost of any addition or alteration to, or renovation or repair of, the house property which is carried outafter the issue of the completion certificate in respect of the house property by the authority competent toissue such certificate or after the house property (or any part thereof) has either been occupied by the

assessee or any other person on his behalf or been let out ; or


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April May June July Aug Sep Oct Nov


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0 0 0 0 0 0 0 0


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Dec Jan Feb Mar


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Please Fill in the following dataParticulars April

Total 0

One should keep in view the following points :

Amount paid or deposited by any Individual in any annuity plan of the LifeInsurance Corporation of India or any other insurer for receiving pension from afund set up by the said corporation.

1. Where the assessee or his nominee surrenders the annuity before the maturitydate of such annuity, the surrender value shall be taxable in the hands of theassessee or his nominee, as the case may be, in the year of the receipt.

2. The amount received by the assessee or his nominee as pension will be taxable,in the hands of the assessee or the nominee, as the case may be, in the year of thereceipt.


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May June July Aug Sep Oct Nov Dec

0 0 0 0 0 0 0 0


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Jan Feb Mar

0 0 0


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Particulars April May June July

Total 0 0 0 0Such insurance shall be in accordance with a scheme framed in this behal

On the health of the taxpayer, spouse, dependent parents or dependent children of the taxpayer.

Dependent Children Does not mean the Grandson or Grand doughter

Amount Paid For Others (Please Specifythe mode of Payment Also.[Cash or Other])

Amount Paid for the Self or Spouse whois a senior Citizen. (Please Specify themode of Payment Also.[Cash or Other])

Amount paid for the benefit of the Senior Citizen Parent who is Resident in India.(Please Specify the mode of PaymentAlso.[Cash or Other])

(a ) The General Insurance Corporation of India fo1972) and approved by the Central Governme

(b )Any other insurer and approved by the Insuraof the Insurance Regulatory and Development

Senior Citizen:One who is resident in India and who is at least of 65 years of age at any time during the previo

Othe r Othe r Othe r Othe r




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Aug Sep Oct Nov Dec Jan Feb Mar

0 0 0 0 0 0 0 0f by (The Scheme Should be 'Mediclaim Insurance Policy' or equivalent)

med under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of nt in this behalf; or

ce Regulatory and Development Authority established under sub-section (1) of section 3Authority Act, 1999 (41 of 1999).]]

s year

Othe r Othe r Othe r Othe r Othe r Othe r Othe r Othe r




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Particulars April % DISABLE

% DISABLE

Total 0

The taxpayer has incurred an expenditure for the medical treatment(including nursing), training and rehabilitation of a dependent (being a

person with disability)

The taxpayer has paid or deposited under any scheme framed in this behalf by the Life Insurance Corporation or any other insurer, or theadministrator 1 or specified company 2 and approved by the Board in this

behalf, for maintenance of dependent (being a person with disability)

1. Administrator means the Administrator as referred to in clause (a ) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal)Act, 2002.

2. Specified company means a company as referred to in clause ( h) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal)Act, 2002.

Meaning of disability has been extended from the assessment year 2005-06 to include autism, cerebral palsy and multiple disability referredto in clauses ( a), (c) and ( h) of section 2 of the National Trust for Welfareof Persons with Autism, Cerebral Palsy, Mental Retardation and MultipleDisabilities Act, 1999.

1

1


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May June July Aug Sep Oct % DISABLE % DISABLE % DISABLE % DISABLE % DISABLE % DISABLE

% DISABLE % DISABLE % DISABLE % DISABLE % DISABLE % DISABLE

0 0 0 0 0 0

a.

b.

c.

d.

For the above purpose, a dependent being a person with disability is a person who satisfies the following points

in the case of an individual, dependent means the spouse,children, parents, brothers and sisters of the individual or any of them;

such person has not claimed any deduction under section80U in computing his total income for the assessment year relating to the previous year;

disability* shall have the meaning assigned to it in section

2(i) of the Persons with Disabilities (Equal Opportunities,Protection of Rights and Full Participation) Act, 1995

person with disability means a person having anydisability stated above of not less than 40 per cent.

1


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Particulars April May June July Aug Sep

Total 0 0 0 0 0 0

Following are the conditions to be satisfied

For the purposes of this section,

Amount paid during theyear by way of interest

(1) In computing the total income of an assessee, being an individual, there shall be deducted, in accord of this section, any amount paid by him in the previous year, out of his income chargeable to tax, by wayany financial institution or any approved charitable institution for the purpose of pursuing his higher ed education of his relative.

(2) The deduction specified in sub-section (1) shall be allowed in computing the total income in respect

assessment years immediately succeeding the initial assessment year or until the interest referred to in sull, whichever is earlier.

1. The assessee is an individual.

2. He had taken a loan from any financial institution [i.e., a banking company or notified financial institu657(E) 21-6-2002)] or an approved charitable institution [i.e., an institution approved for the purpose of

3. The loan was taken for the purpose of pursuing higher education [ i.e., full-time studies for any graduaengineering (including technology/architecture), medicine, management or for postgraduate course in apincluding mathematics and statistics].

4. Amount is paid by the individual during the previous year by way of repayment of such loan or intere

5. Such amount is paid out of his income chargeable to tax.

Entire payment of interest is deductible. The deduction is available for a maximum of 8 years or till thThis deduction is allowed in computing the taxable income of the initial assessment year (i.e., the assyear in which the assessee starts paying the interest on the loan) and seven immediately succeedininterest is paid in full, whichever is earlier).

(a) approved charitable institution means an institution specified in, or, as the case may bcharitable purposes and 74b[notified by the Central Government] under clause (23C) of seto in clause (a) of sub-section (2) of section 80G;


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(b) financial institution means a banking company to which the Banking Regulation Act, 19any bank or banking institution referred to in section 51 of that Act); or any other financialGovernment may, by notification in the Official Gazette75, specify in this behalf;

(c) higher education means full-time studies for any graduate or post-graduate course in emanagement or for post-graduate course in applied sciences or pure sciences including m(d) initial assessment year means the assessment year relevant to the previous year, in wthe interest on the loan.]

(e) relative, in relation to an individual, means the spouse and children of that individual.


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Oct Nov Dec Jan Feb Mar

0 0 0 0 0 0

nce with and subject to the provisionsof interest on loan taken by him fromcation or for the purpose of higher

f the initial assessment year and seven

b-section (1) is paid by the assessee in

tion HDFC Bank (Notification no.SOsection 10(23C) or 80G(2)(a)].

e or post-graduate course in plied sciences or pure sciences

t on such loan.

e interest is paid, whichever is earlier.ssment year relevant to the previousassessment years (or until the above

, an institution established forction 10 or an institution referred


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49 (10 of 1949) applies (includinginstitution which the Central

ngineering, medicine,thematics and statistics;ich the assessee starts paying

(wef 1-4-2008)


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Donee1 01 01 01 0

1 01 01 01 01 01 01 01 01 01 01 0

1 01 01 01 01 0

TOTAL

NB:Please Select only one donee for each row. The donee Should not b

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect---------------------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect---------------------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------

----------P le a se s e lect-----------


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Apr May June July Aug Sep

0 0 0 0 0 0

repeated. If the donee is not in the list don't fill up the Row and leav


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Oct Nov Dec Jan Feb Mar Total

0 0 0 0 0 0 0

it as "--------Please select----------"


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Particulars April May June July Aug% DISABLE % DISABLE % DISABLE % DISABLE % DISABLE

0 0 0 0 0TOTAL 0 0 0 0 0

united

107.32-1c PERSON WITH DISABILITY(The meaning of disability has been extended from th

i. loss of sensation in hands or feet as well as loss of sensationii. manifest deformity and paresis but having sufficient mobiliii extreme physical deformity as well as advanced age which

107.32-1d CERTIFIED BY MEDICAL AUTHORITY (Form No. 10-IA if the person is sufferingMedical authority for this purpose means any hospital or institution specified by notification

Please specify the percentage of Disablility in the

percent dropdownmenu

107.32 Deduction in case of a person with disability [Sec. 80U] - The present section 80U has been107.32-1 CONDITIONS - Deduction is available if the following conditions are satisfied 107.32-1a INDIVIDUAL - The taxpayer is an individ107.32-1b RESIDENT IN INDIA - He is resident in India (maybe ordinarily resident or not ordinaril

i. blindness;ii. low vision;

iii. leprosy-cured;iv. hearing impairment;v. locomotor disability;vi. mental retardation;vii. mental illness.Blindness - Blindness refers to a condition where a person suffers from any of the following conditi. total absence of sight; or ii. visual acuity not exceeding 6/60 or 20/200 (snellen) in the better eye with correcting lenses; or iii . limitation of the field of vision subtending an angle of 20 degree or worse.Low vision - Person with low vision means a person with impairment of visual functioning even af Leprosy cured person - Leprosy cured person means any person who has been cured of leprosy b

Hearing impairment - Hearing impairment means loss of sixty decibels or more in the better ear iLocomotor disability - Locomotor disability means disability of the bones, joints or muscles leadiMental retardation - Mental retardation means a condition of arrested or incomplete developmentMental illness - Mental illness means any mental disorder other than mental retardation.

FORM

107.32-2 AMOUNT OF DEDUCTION If the aforesaid conditions are satisfied, then a fixed deducti
http://opt/scribd/conversion/tmp/scratch7/http://opt/scribd/conversion/tmp/scratch7/


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Mar % DISABLE

00

referred to in clauses (a), (c) and (h) of section 2 of the National Trust for Welfare of P

e certificate issued by the medical authority (format of certificate is given belowpportunities, Protection of Rights and Full Participation) Act, 1995.

he new section are given below

levant assessment year.

ision for the planning or execution of a task with appropriate assistive device.

n with severe disability ( i.e. , having any disability over 80 per cent).


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rsons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999.)- It m

along with the return of income. Where the condition of disability requires reassessment


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eans a person suffering from not less than 40 per cent of any disability given below

, a fresh certificate from the medical authority shall have to be obtained after the expiry o


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the period mentioned on the original certificate in order to continue to claim the deductio


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Form No. 10-IASTANDARD FORMAT OF THE CERTIFICATE

Certificate No. ........................... Date........................

Certificate for the persons with disabilities

Notes:

*Strike out whichever is not applicable.

Sd/- (Doctor) Sd/- (Doctor)Seal Seal

Signature/Thumb impression of the patient.

Recent attested photograph showing the disability affixed here.

Name & address of the institute/hospital issuing the certificate

This is to certify that Shri/ Smt./ Kum....................................................................................... son/ wife/ daughter of Shri...............................................................................................old male/female, Registration No. ........................................ is a case of ........................................................................................ He/She is physically disabled/visual disabled/speech &has .......................% (...................... . per cent) permanent (physical impairment/visual impairment/speech & hearing impairment) in relation to his/her .............................................. .....

1. This condition is progressive/non-progressive/likely to improve/not likely to improve.*

2. Re-assessment is not recommended/is recommended after a period of .....................................................................months/years.*

Countersigned by the MedicalSuperintendent/CMO/Head of Hospital (with seal)


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Form No. 10-IACERTIFICATE OF MENTAL RETARDATION FOR GOVERNMENT BENEFITS

Categorisation of Mental RetardationMild/Moderate/Severe/Profound

Validity of the Certificate : Permanent

Signature of GovernmentDoctor/Hospital with seal

Chairperson Mental RetardationCertification Board

Recent Attested Photograph

showing the disability affixed here.

Dated :

This is to certify that Shri/Kum............................................................................................ son/daughter of...........................................................................of Village/Town/City .......................................................with particulars given below :

(a ) Age

(b) Sex

(c) Signature/Thumb impression

Place :


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Please select a StateInstitution

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--S e le ct--


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Tax Computation 2009 Ver1.3

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