1012 tax calculator
Income Tax Calculator can be used to compute tax liabilities for salaried individuals only. At present, I do not have a version for professionals or businessmen. After downloading, please read the instructions in the first sheet carefully, before entering data. You would need Microsoft Excel 2007 or above to open these files. They may not open with OpenOffice or other such applications.
This calculator supports inclusion of following salary components:
1.Basic salary
2.House Rent Allowance (HRA) and HRA exemption calculations
3.Dearness allowance
4.Transport Allowance
5.Child Education Allowance
6.Grade/Special/Management/Supplementary Allowance
7.Arrears
8.Gratuity
9.Leave Travel Allowance (LTA)
10.Leave Encashment
11.Performance Incentive/Bonus
12.Medical Reimbursement
13.Food Coupons
14.Periodical Journals
15.Telephone Reimbursements
16.Car Reimbursement
17.Internet Expense
18.Driver Salary
19.Gifts From Non-Relatives
20.Gifts From Relatives
21.House Rent Income
22.Professional Tax
23.Employee’s PF Contribution
24.Employer’s PF Contribution
25.Home Loan Interest Component
26.Deductions under chapter VIA
27.Insurance Premium/ULIP
28.Employee’s contribution to PF
29.PPF
30.ELSS, Mutual Fund
31.NSC/NSS/SCSS/Post Office Deposit
32.Tution Fees paid
33.Housing Loan Principal repayment
34.Fixed Deposit for 5 yrs. or more
35.Other Eligible Investments
36.Total of Section 80C
37.Pension Fund (80 CCC)
38.Total Deduction under Section 80-C & 80-CCC
39.80D (Medical insurance premium, Self/Family)
40.80D (Medical insurance premium, Parents)
41.80E (Interest on Loan for Higher Education)
42.80U (Handicapped person)
43.Donations – 80G (100 % deductions)
44.Donations – 80G (50 % deductions)
45.Long Term Infrastructure Bonds (Section 80 CCF)
46.TDS deduction (Tax deducted at source)
47.In Hand monthly salary
48.In Hand monthly salary without reimbursments
49.Total income this year
50.Advance Tax schedule
Download
Income Tax Calculator can be used to compute tax liabilities for salaried individuals only. At present, I do not have a version for professionals or businessmen. After downloading, please read the instructions in the first sheet carefully, before entering data. You would need Microsoft Excel 2007 or above to open these files. They may not open with OpenOffice or other such applications.
This calculator supports inclusion of following salary components:
1.Basic salary
2.House Rent Allowance (HRA) and HRA exemption calculations3.Dearness allowance
4.Transport Allowance
5.Child Education Allowance
6.Grade/Special/Management/Supplementary Allowance
7.Arrears
8.Gratuity
9.Leave Travel Allowance (LTA)
10.Leave Encashment
11.Performance Incentive/Bonus
12.Medical Reimbursement
13.Food Coupons
14.Periodical Journals
15.Telephone Reimbursements
16.Car Reimbursement
17.Internet Expense
18.Driver Salary
19.Gifts From Non-Relatives
20.Gifts From Relatives
21.House Rent Income
22.Professional Tax
23.Employee’s PF Contribution
24.Employer’s PF Contribution
25.Home Loan Interest Component
26.Deductions under chapter VIA
27.Insurance Premium/ULIP
28.Employee’s contribution to PF
29.PPF
30.ELSS, Mutual Fund
31.NSC/NSS/SCSS/Post Office Deposit
32.Tution Fees paid
33.Housing Loan Principal repayment
34.Fixed Deposit for 5 yrs. or more
35.Other Eligible Investments
36.Total of Section 80C
37.Pension Fund (80 CCC)
38.Total Deduction under Section 80-C & 80-CCC
39.80D (Medical insurance premium, Self/Family)
40.80D (Medical insurance premium, Parents)
41.80E (Interest on Loan for Higher Education)
42.80U (Handicapped person)
43.Donations – 80G (100 % deductions)
44.Donations – 80G (50 % deductions)
45.Long Term Infrastructure Bonds (Section 80 CCF)
46.TDS deduction (Tax deducted at source)
47.In Hand monthly salary
48.In Hand monthly salary without reimbursments
49.Total income this year
50.Advance Tax schedule
Download
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