income tax calculator 2010-11

5
Month Band Pay Grade Pay DA HRA Mar-10 0 Apr-10 0 May-10 0 Jun-10 0 Jul-10 0 Aug-10 0 Sep-10 0 Oct-10 0 Nov-10 0 Dec-10 0 Jan-11 0 Feb-11 0 0 Any arrear Bonus 0 0 0 0 Name of the employee: Designation Kendriya Vidyalaya For the year DA ARREAR FOR JAN & FEB 10

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Page 1: Income Tax Calculator 2010-11

Month Band Pay Grade Pay DA HRA

Mar-10 0Apr-10 0

May-10 0Jun-10 0Jul-10 0

Aug-10 0Sep-10 0Oct-10 0Nov-10 0Dec-10 0Jan-11 0Feb-11 0

0

Any arrearBonus

0 0 0 0Name of the employee:

DesignationKendriya Vidyalaya

For the year

DA ARREAR FOR JAN & FEB 10

Page 2: Income Tax Calculator 2010-11

Total

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

0 0000

0 0 0 0 0

DA ARREAR TAKEN INTO ABOVE ABOVE TABLE

Transport Allowance

Family planing Allowances

Any other allowances

Govt. Share for NRDPCS

Page 3: Income Tax Calculator 2010-11

Page 3 of 5

Date:____________Sig.of the Employee

Dearness Allowance

(KVS EMPLOYEES MAY USE THIS CALCULATOR)

Name of the Employee 1/1/2010 35.00

Designation 1/7/2010 45.00

Kendriya Vidyalaya PAN NUMBER

MALE / FEMALE

DA hiked on January '10 8%

Basic Pay in Pay band as on 1st April

Grade Pay as on 1st April

0

IF YOU ARE HANDICAPED "YES"/"NO"

Transport Allowance (Automatically coming according to City) 0 Rebate of the Tr.Allowance 9600PARTICULARS (HPL/EOL) AMOUNT

MA

RC

H

AP

RL

MA

Y

JUN

E

JUL

Y

AU

G

SP

ET

OC

T

NO

V

DE

C

JAN

FE

B

TOTAL

H P L 0

E O L 0

Total0 0 0 0 0 0 0 0 0 0 0 0 0

Children Education Allowance Provident Fund

Leave Encashment under LTC during the year 0 Insurance Premium

0P.P.F.

0

Bonus received

VI PC arrear received during this Year 0 0

Any arrears received during the year 0 Tuition Fee 0

Any other Income (Bank interest etc) 0 0

Any other Income (House property) 0 0

If EOL/Excess payment during the year 0 Any other Savings 0

Over payment recovery 0 Any other Savings 0

TOTAL INCOME 0 Total 0

Deduction of Tr. Allowance as per applicable 0 0 0

Net Income 0 Total 0

Education Cess 2%

0 HS Edu.Tax 1%

Interest on Loan for Higher Studies 80E (Rs.40,000/-) 0 Total 3%

Under section 80U (Employee suffering from Physical Disability) 0

Tax on Employeement (Prof. Tax)

0 Tax deducted Month Amount

Under section 80GG (House Rent Paid) 0 March 0

Under section 80G (Various Donations) 0 April 0

0 May 0

0 June 0

Total net Income 0 July 0

SAVINGS u/s 80C,80CCC &80CCD 0 August 0

Taxable Income 0 September 0

Rounded to nearest Rupee 0 October 0

Tax 0 November 0

Education tax & Cess 3% 0 December 0

Tax Pable 0 January 0

Relief under section 89(Details are atched) 0 February 0

Net Tax Due 0At source deduction 0

Tax Due / Excess 0 Total 0

Prepared by: G.Kondal Rao, UDC(1st UDC in KVS Incentive Awardee 2009), KV, IIT, Kharagpur (Mobil No.09233369815 Land Line 03222-649966( R ), 277223(O)

ICOME TAX CALCULATOR FOR THE (FY)2010-11 & (AY) 2011-12

Enter City code where you are posted( Othere Cities=OC, A1&A Cities=A1)

If Govt. Qr. Not Allotted in the city coming under ("X"[30%], "Y"[20%] & "Z"[10%]) or If you are in Govt Accomodation then "N"

Total income may be put manually & THE ABOVE COLUMNS(s8 to s11 & rows18,19 ) SHOULD BE BLANK

PLEASE MENTION WHETHER YOU ARE(NRDCPS/GPF/CPF) HOLDER

2010-11(FY) & 2011-12(AY)

NATURE OF LEAVE

SAVINGS u/s 80C,80CCC &80CCD(Chapter VIA)

Allowances received during the year (Like Family Planning Allowance etc.)

Principal amount against House Building Advance

NSC Certificate/NSC Interest

Govt. Contribution to the New Pensioner u/s 80CCD limited to 10% of salary

Own Contribution to the New Pensioner u/s 80CCD limited to 10% of salary

Infrastructure Bond

Children Education Allowance rebate u/s 2BB(5) Rs.1200/- p.a, Hostel subscidy Rs.3600/- p.a u/s 2BB(6)

Interest paid on House Building Advance u/s 24(1)(vi) Self Occupied/residential property (30,000/1,50,000)

TAX DEDUCTION AT SOURCE THROUGH PAY BILLS

Mediclaim/Health Insurance 80D (15,000/-[20,000/-member of family sr.citizen])

Rehabilitation of Handicapped Dependent Relative 80DD,50000 {75000 severe disability}Medical Expenditure on Self or Dependent Relative 80DDB[40000/-(60,000 sr.citizen of dep.family member)]

If any body finds any calculation mistake or further guidence, please inform me through e-mail ([email protected]). If you are satisfied with this calculator, please send me an appriciation letter to my school address.

EASY TO KNOW YOUR TAX

U4
DINESH: Revised DA w.e.f. 1st January.
U5
Revised DA w.e.f. 1st July.
U6
naresh: WRITE UR PAN NUMBER
S7
MALE OR FEMALE TO BE MENTIONED COMPULSORY
S8
CITY CODE FOR TR.ALLOWANCE If u r in metro city write: A1 If u r in other city write: OC
U8
Difference between DA on 1st January minus Decemner drawn.
S9
FOR CALCULATION OF HRA If u r not allotted Govt. Accomodation then write X OR Y OR Z according to your twon. If u r in Govt. accomodation then write : N
S10
BASIC PAY IN THE MONTH OF 1ST APRIL
S11
GRADE PAY IN THE MONTH OF 1ST APRIL
K12
IF TOTAL FIGURE GIVES MANNUALLY colm S8 to S11,row 18 & 19 should be blank
S14
Office1: NRDCPS OR GPF OR CPF
S15
TRANSPORT ALLOWANCE WILL COMES AUTOMATICALLY ACCORDING TO THE ABOVE INFORMATION
U15
According to latest Income TAX rules you may change this figute
B18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
C18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
D18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
E18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
F18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
G18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
H18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
I18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
J18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
K18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
L18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
M18
DINESH: NO OF HPL TAKEN DURING THIS MONTH. (NOT COMMUTED LEAVE)
B19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
C19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
D19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
E19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
F19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
G19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
H19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
I19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
J19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
K19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
L19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
M19
DINESH: NO.OF EOL TAKEN DURING THIS MONTH
K41
DINESH: This column used for manual calculation
S49
1.The Actual amount of HRA received. 2.Rent paid in excess of 10% of the Salary Whichever is LESS (Subject submission of FORM 10BA) FOR THE EXPENDITURE ON RENT
S54
Restricted to Rs.1,00,000 +20,000 INFRASTRUCTURE BOND
S56
Rounded to nearest ten rupees.
S60
PUT THE AMOUNT AS PER CALCULATION, REBATE U/S 89 TABLE
Page 4: Income Tax Calculator 2010-11

Page 4 of 5

Prepared By__________P.T.O

FORM 16

[ see rule 31 (1) (a)

Certified under Section 203 of the Income-Tax act 1961 for tax

deducted at source from income under the head "Salaries

Name & address of Employer Name & designation of Employee

THE PRINCIPAL 0

KENDRIYA VIDYALAYA, ='IT Calculator(2pages)'!H6:S6 0

[under KVS(HQ), New Delhi, an Autonomous Body under HRM, Govt. of India] 0

PAN No. of the Deductor TAN No. of the Deductor PAN No. of the Employee

0

PeriodAssesment Year

From To

Quarter Acknowledgement No.

2010 2011 2011-12Quarter-1

Quarter-2

Quarter-3

Quarter-4

DETAILS OF SALARY PAID, OTHER INCOME AND TAX DEDUCTED

1 Gross salary 0(a) Salary as per provision contained in section 17(I)

(b) Value of perquisities under section 17(2) (asper Form no. 12BA, whereapplicable

(c) Profit in lieu of salary under section 17(3) (asper Form no. 12BA, whereapplicable

(d) Total 02 0

Transportallowances/conveyance Residence-Office 0

Under section 80U (Employee suffering from Physical Disability) 0

Under section 80G (Various Donations) 0

Total 0

3 Balance (1-2 ) 04 Deduction under section 16:

(a) Entertainment allowance ,,0

(b) Tax on Employment ,,0

5 Agregate of 4 (a) and (b) ,,0

6 Income chargeable under the head "Salaries" (3-5) ,,07 Add: any other income reported by employee U/s

Bank Interest 0

House property income 0

Leave encashment etc. 0

Any arrear received during the year 0

Total 0

8 Gross Total Income (6+7) ,,09 Deductions Under Chapter VI

A. Section 80C, 80CCC and 80CCD

a) Section 80C Gross Amt Deductible Amt

(i) GPF/CPF/PPF ,,0 ,,0

(ii) LIC Premium ,,0 ,,0

(iii) P.P.F. ,,0 ,,0

(iv) HB refund ,,0 ,,0

(iv) NSC Interest ,,0 ,,0

(v)Tuition Fee ,,0 ,,0

(vi)Any other ,,0 ,,0

b) Section 80 CCD ,,0 ,,0

c) Section 80 CCD ,,0 ,,0

TOTAL ,,0 0B. Other Sections Under Chapter VI A Gross Amt Qualifying Amt Deductible AmtHouse Building interest ,,0 ,,0

Interest on Loan for Higher Studies 80E ,,0 ,,0

Mediclaim/Health Insurance (upto 15,000/-) ,,0 ,,0

Any other amount rebate under rules (HC,Medical etc) ,,0 ,,0

Leave encashment etc. ,,0 ,,0

,,0

,,0

,,0

Total (B) ,,0 ,,0

10 Aggregate of deductible amount under Chapter VI ,,0

11 Total Income 8-10) ,,0

12 Tax on total income ,,0

13 Surcharge ,,0

14 Education Cess ,,0

15 Tax payble on total income 12+13+14 ,,0

16 Relief under section 89(attach details) ,,0

17 Tax payble (15-16) ,,0

18 Less (a) Tax deducted at source u/s 192(1) ,,0

,,0

19 Tax Payble/(refundable (17-18) ,,0

Acknowledgement No. of all quarterly statement of TDS under sub -section (3) of section 200as provided by TIN Facilitation Centre or NSDL web site

Less Allowances to the extent exempt under section 10 (80GG)

less (b) Tax paid by the employer on the behalf of the employee under section 192(1A) on perquisites under section 17(2)

D14
After deposted Quarterly Statement of 24Q to IT Dept.
D15
After deposted Quarterly Statement of 24Q to IT Dept.
D16
After deposted Quarterly Statement of 24Q to IT Dept.
D17
After deposted Quarterly Statement of 24Q to IT Dept.
L72
As per calculation u/s 89 the rebate amount may be write here.
Page 5: Income Tax Calculator 2010-11

Page 5 of 5

Prepared By__________P.T.O

DETAILS OF TAX DEDUCTED AND DEPOSITED INTO CENTRAL GOVT ACCOUNT

( The deductor is to provide transction -wise detail of tax deducted and deposited)

SN TDS Rs Surchare Total tax Cheque/DD No. BSR Code of bank Branch

1 0 02 0 03 0 04 0 05 0 06 0 07 0 08 0 09 0 0

10 0 011 0 012 0 0

Total 0 0 0 0

I, ________________ son of _____________________ working in the capicity of Principal, K V---------------------- do hereby certified that

a sum of Rs. 0 (Rupees only)

I further certified that the above information is true and correct based on the books of accounts, documents and other available records.

Place: Signature of person responsibe for tax deduction

Date:

Full Name:

Designation: PRINCIPAL(Drawing & Disbursing Officer)(Seal)

Education Rs

Date on which tax deposited

Transfer voucher identification