INCOME TAX CALCULATOR

(For the Financial year 2009 - 2010 & Assessment year 2010 - 2011)

Disclaimer (must read)

(1) This calculator is specifically designed to the benefit of Dell employees only. This should not be used by any other outsider. ONLY FOR INTERNAL USE. (2) The calculator is designed only to HELP employees to know their approximate tax liability and the calculation Dell is not responsible for any such use other than the specified purpose and decisitions taken. (3) Any issues with the calculator should be brought to the notice of Dell Payroll Department. (4) The calculator may undergo changes/updates for each financial year based on the ammendments to the Tax Rules. Hence please use the appropriate Calculator for better results (5) This calculator can accommodate one salary information at a time. If you have a salary revision within the financial year, you can calculate tax only for latest information. (6) Please post your suggession & clarification to SUGGESSION BOX

Basic Information Badge No Name Date of joining Grade Gender Are you residing in Metro city? Salary Information (for Dell salary Structure) Basic Salary BOA/FBP Base Salary (total of basic & BOA) ICP / IBP / Sales Commission Provident Fund (Dell's contribution) Gratuity Total Cost to Company (total of Base+ICP+PF+Gratuity) About your Basket of Allowance (annual values) HRA Conveyance Medical LTA Car lease Annual EMI (if applicable) Superannuation Compnay Lease Accommodation (if applicable) Additional income (optional) Awards and Incentives Sales Incentives/commission Over time & Holiday Pay Annual ICP/IBP (appx. Expected!) Perquisites (if any) About your Investment plan (chapter VI A) Actual Rent paid (annual) Interest on housing Loan
(if applicable & only for self occupied property)

80C - 5 Years of Fixed Deposit in Schedule Bank

80C - Children Education 80C - Deposit in NSC 80C - Infrastructure Bonds 80C - Life Insurance Premium 80C - Mutual Funds 80C - NABARD Rural Bonds 80C - Principal Loan Repayment ( Housing Loan ) 80C - Public Provident Fund 80CCC - Contribution to Pension Fund 80D - Mediclaim Ins Prem (Incl-Premium paid for ParentsRs.15000) 80DD - Medical Treatment / Insurance of handicapped Dependencies 80E - Interest Paid on Higher Education Loan (Actual interest) 80U - Deduction for Handicap Employee Previous employment income Income from Previous employment
(Gross salary income after exemptions)

(if you have joined Dell in mid of current financial year and have worked with any other employer earlier to Dell from April to DOJ to Dell, you have to fill up the details below)

Professional Tax deducted (if applicable) Provident Fund deducted (if applicable) Income Tax deducted (if applicable) Miscellaneous information Professional tax deducted in Dell Are you using company transport? If yes, mention total deduction for the year in amount column. Number of days salary payable by Dell in current financial year
(difference between DOJ to 31-Mar-10. Enter 360 if joined prior to 1-Apr-09)

All Updations done? CLICK HERE === >>

LCULATOR
employees only. This should not be used by any

Assessment year 2010 - 2011)

st read)

their approximate tax liability and the calculation. d purpose and decisitions taken. ce of Dell Payroll Department. ncial year based on the ammendments to the Tax results

a time. If you have a salary revision within the

BOX

285192 Ranjani 15-Nov-10 B3 Female No 1000000.00 0.00 1000000.00 70000.00 120000.00 48100.00 1238100.00 400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ed with any other employer earlier to Dell from April to till

0.00 0.00 0.00 0.00 0.00 0.00 0.00

Let me know my Tax

Your Approximate Monthly Tax deduction would be === >>0.00 Income Tax Calculation Gross Salary Income (from Dell) Additional Income (from Dell) Perquisites (from Dell) Gross Total Income Less: Exemption U/S 10 (a) HRA Exemption (b) Conveyance Reimbursement (c) Medical Reimbursement (d) LTA Reimbursement Income After Exemption Add: Income from Previous Employment Less: Deduction U/S 16 Tax on Employment (professional Tax) Income chargeable under the head salaries Less: Loss from house Property Less: Deduction under Chapter VI A Section 80C Section 80D Section 80DD Section 80E Section 80U Taxable Income Income Tax Education Cess Total Annual Tax Less: Tax Deducted at previous employment Balance Tax payable Monthly Tax Rs. 0.00 0.00 0.00 0.00 Rs.

0.00 9600.00 0.00 0.00

9600.00 -9600.00 0.00

0.00 -9600.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 -9600.00 0.00 0.00 0.00 0.00 0.00 0.00

Loan Perquisite: (1) If you have availed the House Security Deposit or any other interest free Loans from the Employer attracts perqusite (2) Perquisite value is calculated at SBI lending rate as on Apr09 which is 16.5% for FY 2009-10 (3) Calculation is, 16.5% on the amount of Deposit availed for the year. Example, if the amt availed is Rs.100000 and availed date is 1-Apr-09, then Perquisite value will be Rs.16500/- for 2009-10. If the loan has been availed in mid of the year, you need to proate the same for number of months till 31-Mar-09. Similarly for closure. This should be repeted every year till you repay the money to Dell (4) Perquisite will be added to your taxable income and you will pay the tax on perquisite. House Perquisite: (1) If you are in the scheme of Company Leased Accommodation (CLA) where company pays the rent to your house owner and the same is being deducted form your salary, house perquisite is applicable. (2) Perquisite value is calculated as; Least of (a) 15% Taxable Salary or (b) Annual Rent paid (3) Calculation: if your monthly gross salary income before adding perquisites is Rs.100000/and your monthly Rent paid under CLA is 10000/- then, Rs.10000/- will be calculated as House Perquisite. (4) Perquisite will be added to your taxable income and you will pay the tax on perquisite.

Y 2009-10