S. No.

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Purpose of this Sheet: For the employee to determine his tax incidence for the year, to plan accordingly and also to track changes subsequent to initial planning based on Increment / Hikes received by employee, Investment made in comparison to Declaration made and increase of taxable amount etc., TDS that was already deducted etc. Instructions for utilisation of the Tax Calculation Sheet Instruction Please enter the data only in the cells marked in Yellow Please enter your present CTC for the rest of the year also for the purpose of understanding your tax implication for the year and when any increment / hike is given, please modify accordingly to know revised tax implication You can enter your month wise Attendance in C8 to C19, Salary is automatically calculated on prorata basis You can enter your month wise CTC in D8 to D19, split up of components is done automatically You can update the TDS that is being deducted every month in O8 to O19 to understand the balance TDS that would be deducted over the rest of the year and can track the same accordingly The facility of Sodexho could also be marked to understand the tax implication in S8 to S19 by selecting the options in the Text Box Any Bonus / Incentive received during the year could be incorporated in V8 to V19 to understand the tax implication accordingly If any employee who has joined AppLabs in the middle of the year, please incorporate the taxable salary earned from previous employer in V8 to V19 and TDS paid there could be incorporated in O8 Rent and the period for which rent was paid could be incorporated in T23 & T24 to get the HRA benefit Women employees to mark in T28 to get the beneficial Income Tax Slab as per IT Act Amount of Medical Bills that could be provided to be incorporated in G31 The savings proposed / made under Section 80C as per Declaration From could be incorporated from G36 to G43 and understand the tax saving on account of investment under this section. The total eligible amount will be calculated automatically and please note that the investment ceiling under this section is Rs. 1,00,000/Benefit of payment for medical insurance, treatment for specified medical diseases could be understood by incorporating the same in G45 and G47 Any employee who is physically handicapped can avail a special benefit of upto Rs. 75K by marking in T27 Tax saving on account of payment of Interest on House Loan could be observed by entering the interest payable amount for the year in G52 Notes: Please note that the above is the guidelines for entering info in the Calculation Sheet to understand your tax implication and for tracking subsequent changes This sheet is for your personal reference and the Finance / Payroll Department would be maintaining similar sheets based on the Tax Declaration given by you and subsequent Proof of Investment that would be given by you.

By updating this sheet it does not automatically update finance / payroll records. The physical document of Tax Declaration Form, signed by the employee has to be lodged with Finance / Payroll for Updation of their records, otherwise they will assume that no Investment is being planned by employee and accordingly tax would be calculated and deducted The proof of Investment to be submitted to the Finance / Payroll as per the Investment Declaration form, which would be the basis of final calculation of Tax finally payable.

marking in T27

Applabs Technologies Private Limited Computation of Income for the Financial Year 2006-2007 Name of the employee : Emp Id: Designation Date of Joining: CTC Months Days Pres Actual effective Basic Apr-06 Jun-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Totals 30 31 30 31 31 30 31 30 31 31 28 31 30 31 30 31 31 30 31 30 31 31 28 31 365 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 90,000

PAN No. earnings SA 2,950 2,950 2,950 2,950 2,950 2,950 2,950 2,950 2,950 2,950 2,950 2,950 35,400

DOR Deductions PT 100 100 100 100 100 100 100 100 100 100 100 100 1,200

HRA 40% 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000

TA Medical 800 800 800 800 800 800 800 800 800 800 800 800 9,600 750 750 750 750 750 750 750 750 750 750 750 750 9,000

Total 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000

PF 0.00% 0 0 0 0 0 0 0 0 0 0 0 0 0

exemptions under section 10 & 17 Incetnvies / Bonus / Others Gross Income Taxable Salary from Previous Employer Gross Total Income employees Provident Fund (employer contribution) HRA exemption (Sec 10 (13A)) Transport exemption (Sec 10(14)) Sodexho Passes ( Food Coupons) Medical Bills exemption (Sec 17(2)) Total exempted Allowances Gross Income Deductions under Chapter VI-A Provident Fund Life Insurance Premium Public Provident Funds National Saving Certifications Housing Loan Principal Others School Fee (max. Rs. 12,000/- per child for 2 children) Infrastructure Bonds (ICICI, IDBI, etc.) Life Insurance pension scheme (Sec 80CCC)
Total amount allowable under Sections 80C, 80 CCC & 80CCD

Produced Limited 0 180000 0 180,000 0 36000 9,600 0 9,000 54600 125,400 Limited 0 16448 1500 0 0 0 0 0 0 17,948 4300 0 0 0 0 0 0 0 22248 103,152

Total Income Professional Tax u/s 16 (iii) Total Taxable Income TAX CALCULATION TAX Slab 0 100,000 100,001 150,000 150,001 250,000 > 250,000 TAX on the above income

Rate

79200 0 15,000 Produced 9360 16448 1500 0 0 0 0 0 0 27,308 4300 N 0 0

Amount 0% 100,000 10% 1,952 20% 0 30% 0

Medical Insurance Premium (sec 80D) Maintenance of Disabled dependent (88DD) Medical Treatment for specified diseases (Sec 80DDB) Higher education Loan Repayment (Sec 80E) Donation to charities (100% exceptions) Deduction for permanent disability (80U) Other deductions Home Loan Interest Total Deductibles Gross Income

0 0

Tax After Rebate Cumulative (Surcharges for above 10 Lacs (10%) ) Cumulative (Tax Including education Cess (2 %) ) TAX on the above income TAX Deducted @ Source (TDS) TAX TO BE PAID No Of Months Monthly TAX

Deductions Sodexho 0 0 0 0 0 0 0 0 0 0 0 0 0

TDS

Salary Details First PF + PT 14,900 14,900 14,900 14,900 14,900 14,900 14,900 14,900 14,900 14,900 14,900 14,900 178,800

Total

Params Sodexho 0 0 0 0 0 0 0 0 0 0 0 0

100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 100 15,000 1,200 180,000

PF Emplr Incentive/Bonus 0.00% 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Balance 1,952 0 0 0

103,152 Parameters No Of Months 1,200 Monthly Rent 101,952 Yearly CAR Tax Amt Age Above 65 TAX Permanent Disability 0 Women 195 0 Rent Calculation 0 Rent Paid 40 % of Basic 195 HRA Paid Rent - 10% of Basic Minimum Of Above 4

<1000CC N N N

12 6600

79200 36000 36000 70200 36000

bove 10 Lacs (10%) ) ucation Cess (2 %) )

195 195 199 199 0 199 9 22

Yellow Color Fields are editable. Reimbursement amount should be only amount of total bills