Male Female Under 60 Years Over 60 Employee Name Designation Department Taxable Income For The Year 2009-10

Annually TAX Calculation Total Annual Taxable Income for the Year Tax Rate for the Year Total Tax payable for the Tax year AFTER MARGINAL TAX RELIEF Amount on the maximum of the slab Tax payable on the maximum of the slab marginal increase maximum of the slab Rate of Marginal Relief % Tax Payable on Marginal relief Total Tax Payable 693000 Annually Tax Credit / Adjustment For the Year Amount Credits Items Charitable donation Investment in Listed Shares
Contribution to approved pension Fund Annual contribution Interest Paid On loans for purchase or construction of House

Age Profession

1 2

693000 6 41580 650000 29250 43000 30.0 12900 42150

Credit 0 0 0 0

4.50

Withholding Adjustment For the Year Tax Deducted by Employer On telephone bill Along with motor vehicle Tax On cash withdrawals from banks On registration of new Car/Jeep Tax Calculation For Motor Vehicle Usage of Motor Vehicle 2 Cost of Motor Vehicle 1 FALSE 1 to 0
IF Yes
If Yes

Salary means any amount received by an employee from any employment, whether of a revenue or capital nature, including (a) any pay, wages or other remuneration provided to an employee, including leave pay, payment in Teacher / Researcher lieu of leave, overtime payment, bonus, commission, fees, gratuity or work Others condition supplements (such as for unpleasant or dangerous working conditions); (b) any perquisite, whether convertible to money or not; (c) the amount of any allowance provided by an employer to an employee including a cost of living, subsistence, rent, utilities, education, entertainment or travel allowance, but shall not include any allowance solely expended in the performance of the employees duties of employment; (d) the amount of any expenditure incurred by an employee that is paid or reimbursed by the employer, other than expenditure incurred on behalf of the employer in the performance of the employees duties of employment;

Tax Payable Without Marginal Relief

Rebate Less : Rebate for Senior Citizen Less : Rebate for Senior Teacher With Holding/Tax Credit Adjustment Less: Withholding Taxes Less: Tax Credits

41580
0 0 0 0

10% 6

Office & Private Only Private 6 Value of Motor Monthly rent paid

1% July, 2010 2% August, 2010 3% 4% 5% 6% 7% September, 2010 October, 2010 November, 2010 December, 2010 January, 2011

Vehicle used by employee from

This amount shell be added employee's taxable income Tax Calculation For Interest Free Loan No. of Installment 5 Bench Mark Rate Taxable Amount 1 1

TAX PAYABLE WITH RETURN

41580
Loan Amount Interest Rate

11% 0

FALSE 0 0 0 0 0 0

8% February, 2011 9% March, 2011 10% April, 2011 Housekeeper Driver 11% May, 2011 June, 2011

Loan Received on 12
IF Yes

Tax Calculation for services of a housekeeper, driver, gardener or other domestic assistant. from from from 1 1 1 to to to 12 12 12 12

Monthly salary paid by employer

FALSE 12 12 12 12

11 12 13

0 Gardner 0 Other 0 0 0

from 1 to 14 This amount shell be added employee's taxable income

Income Tax Slab Rates From Up to Tax Rate % 0 300,000 0.75 300,001 350,000 1.50 350,001 400,000 2.50 400,001 450,000 3.50 450,001 550,000 4.50 550,001 650,000 6.00 650,001 750,000 7.50 750,001 900,000

Marginal Relief
Rate

20 30 40 50 60

Marginal Relief
Amount

550000 Upto 1050000 Upto 2250000 Upto 4550000 Upto 4550000 Exceed