INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11

Instructions :
1.Please enter gross annual figures.
2. Please enter values in Highlighted cells only.

DISCLAIMER : This calculator is to help you find out your personal indecative total tax liability. Efforts have been made to cover most of the scenarios of Income, Exemptions, Deductions, etc. However, you
are advised to consult any qualified chartered accountant or tax consultant to know your actual Tax Liability.

Assessee Type you are Male or Female (<65 years of age)

Specify whether
or Sr. Citizen Male PersonalMoney.in is a Personal Finance Blog that provides expert advice on Money
Components of Salary Annual Amount Management, Financial Planning, Investment, Insurance, Loans and Personal Wealth
A.1 Basic Salary Rs.0 Management to effectively manage your personal money.
A.2 House Rent Allowance Rs.0
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A.3 Transport Allowance Rs.0
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A.4 Medical Reimbursement Rs.0
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A.5 Leave Travel Allowance (LTA) Rs.0
A.6 Special Allowance Rs.0
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Gross Salary (A) Rs.0

Exemptions/Deductions Maximim LimitUnder Section Amount Amount

B.1 House Rent Exemption
Annual Rent Paid Rs.0
Assessee Residing in Other Cities
I) 40% of Basic Salary Rs.0 Rs.0 U/Sec 10(13A) Rs.0 Rs.0
ii) Actual HRA Received Rs.0
iii) Rent Paid minus 10% of Basic Salary Rs.0
Total House Rent Exemption
B.2 Transport Allowance Rs.9,600 Rs.0 Rs.0
B.3 Medical Reimbursement Rs.15,000 Rs.0 Rs.0
Total (B) Rs.0

Gross Taxable Salary Income (A-B) Rs.0

Income from Housing Rs.0 Rs.0
Reliefe on Interest paid on Housing Loan Rs.150,000 U/S 24(1)(Vi) Rs.0 Rs.0
Any other Income Rs.0 Rs.0
Gross Total Income Rs.0
Deduction under Chapter VIA FY-09-10 FY-10-11
Under Section
Actual Amount Maximim Limit Eligible Amount
Maximim Limit
Eligible Amount
The following tax saving investments may be considered for computation of income tax deduction at source for the financial year.
Deduction u/s 80D to 80U
C.1 family U/Sec 80D(2A) Rs.0 Rs.15,000 Rs.0 Rs.15,000 Rs.0
 Medical Insurance Premium - for the parent or parents
C.2 of the assessee Parents are NOT Sr. U/Sec
citizen80D(2B) Rs.0 Rs.15,000 Rs.0 Rs.15,000 Rs.0

C.3 Expenditure on Handicapped Dependents / Deposits made with LIC, etc. for maintenance of handicapped Dependents
Disability Percentage of the Handicapped Dependents Less than 80% disability
U/Sec 80DD Rs.0 Rs.50,000 Rs.0 Rs.50,000 Rs.0

C.4 Exp. likely to be incurred on specified disease or ailment (Cancer/AIDS etc.)

Exp incurred on senior citizen No U/Sec 80DDB Rs.0 Rs.40,000 Rs.0 Rs.40,000 Rs.0

C.5 (in case of disability

Self Disability Percentage Less than 80% disability
U/Sec 80 U Rs.0 Rs.50,000 Rs.0 Rs.50,000 Rs.0

Interest on Education Loan (for self education) from

C.6
Charitiable or Financial Institution. (No Limit) U/Sec 80E Rs.0 No Limit Rs.0 No Limit Rs.0
Total Deduction u/s 80D to 80U Rs.0 Rs.0

Investments under Sections

Self Contribution in Provident80C & 80CCC
Fund. qualifying
Assessee's rate of for deductionsw.r.t
PF contribution upto Rs.1 Lac or Rs.1.2 Lac
D.1 Basic Salary is @ U/Sec 80C Rs.0 12% Rs.0 12% Rs.0
D.2 Voluntary Contribution Provident Fund U/Sec 80C Rs.0 Rs.0 Rs.0
D.3 INVESTMENT IN PENSION SCHEME U/Sec 80 CCC Rs.0 Rs.10,000 Rs.0 Rs.10,000 Rs.0
D.4 HOUSING LOAN PRINCIPAL REPAYMENT U/Sec 80C Rs.0 Rs.0 Rs.0
D.5 PUBLIC PROVIDENT FUND (PPF) U/Sec 80C Rs.0 Rs.0 Rs.0
D.6 LIFE INSURANCE PREMIUM PAID U/Sec 80C Rs.0 Rs.0 Rs.0
D.7 UNIT LINKED INSURANCE PLANS U/Sec 80C Rs.0 Rs.0 Rs.0
D.8 NSC-NATIONAL SAVING CERTIFICATE U/Sec 80C Rs.0 Rs.0 Rs.0
D.9 DEPOSIT IN NATIONAL SAVING SCHEME (NSS) U/Sec 80C Rs.0 Rs.0 Rs.0
D.10 INFRASTRUCTURE INVESTMENT in approved BONDS U/Sec 80C Rs.0 Rs.0 Rs.0
MUTUALLINK
D.11 EQUITY FUNDS notified
SAVING under SECTION
SCHEME(ELSS) 10(23D)
Mutual Funds notified under SECTION U/Sec 80C Rs.0 Rs.0 Rs.0
D.12 10(23D)
TERM DEPOSIT with a SCH.Bank in a notified Scheme for a term not less U/Sec 80C Rs.0 Rs.0 Rs.0
than 5 years.
D.13 TUTION FEES PAID (Only full time education tution fees paid to any Indian Univ, College, U/Sec 80C Rs.0 Rs.0 Rs.0
D.14 School) U/Sec 80C Rs.0 Rs.0
D.15 SENIOR CITIZENS SAVINGS SCHEME Rules, 2004 U/Sec 80C Rs.0 Rs.0 Rs.0
D.16 POST OFFICE TIME DEPOSIT Rules, 1981 for a term not less than 5 years U/Sec 80C Rs.0 Rs.0 Rs.0
Total Deduction u/s 80C and 80CCC Rs.0 Rs.0 Rs.0
Total Deduction under Chapter VIA Rs.0 Rs.0
Net Total Taxable Income Rs.0 Rs.0
Tax on Total Income Rs.0 Rs.0
Add Surcharge Rs.0 Rs.0
Add Education Cess Rs.0 Rs.0
Total Tax Payable in respective Financial Years Rs.0 Rs.0
Total Tax Savings in FY-10-11 with respect to Tax Payable in FY-09-10 Rs.0 0.00%