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Data input for Tax Calculation for the Financial year 2011-2012 and assessmet Year2012-2013,                       Prepare...
TOTAL           G.P.F./                H.B.L H.B.L   L.I.C.(2+3+4+5+6                G.I.S./                      TDS/    ...
INCOME TAX STATEMENT FOR THE FINANCIAL YEAR 2011-2012                                        ASSESSMENT YEAR 2012-2013Name...
0                                                                 ###   TOTAL DEDUCTION U/S 80C INCLUDING CHAPTER V A     ...
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51 income tax_calculator_for_fy_2011_2012

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51 income tax_calculator_for_fy_2011_2012

  1. 1. Data input for Tax Calculation for the Financial year 2011-2012 and assessmet Year2012-2013, Prepared By Pranab Banerjee,Bhattapara,Jiaganj,Murshidabad,West Bengal, For Contact :-pranab.banerjee83@gmail.com, OR 9474316768 Conv Leave Put Allwn./ Spl. Put Arrear Child. Child. Arrear MONTH Basic Pay + Travel H.R.A. Madical Intertnment Transport Alwn if C.C.A D.A. D.A. D.A. if H.R.A. Hostel Educ. Bonus salary &Year Grade Pay Allown/ Allown Alwnc Allwnc/ any Rate of any Allwnc Allwn Recvd L.T.C. Rate of Washing % Allwn % 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Mar-11 15300 200 0 200 45% 6885 0 15% 2295 300 0 0 0 0 0 15703 Apr-11 15300 200 200 45% 6885 0 15% 2295 300 0 0 0 0 May-11 15300 200 200 43% 6579 0 15% 2295 300 0 0 0 0 Jun-11 15300 200 200 45% 6885 0 15% 2295 300 0 0 0 0 Jul-11 15760 200 200 45% 7092 0 15% 2364 300 0 0 0 0 Aug-11 15760 200 200 45% 7092 0 15% 2364 300 0 0 0 0 Sep-11 15760 200 200 45% 7092 0 15% 2364 300 0 0 0 0 Oct-11 15760 200 200 45% 7092 0 15% 2364 300 0 0 0 0 Nov-11 15760 200 200 45% 7092 0 15% 2364 300 0 0 0 0 Dec-11 15760 200 200 55% 8668 0 15% 2364 300 0 0 0 0 Jan-12 15760 200 200 55% 8668 0 15% 2364 300 0 0 0 0 Feb-12 15760 200 200 55% 8668 0 15% 2364 300 0 0 0 0 TOTAL 187280 2400 0 2400 88698 28092 3600 0 0 0 0 Fill the Employees Status First Name Pranab Designation U.D.C. Male or Female, Middle Name Kumar Pan No. AAPP5588A Sr.Citizen Sr.Citizen Last Name Banerjee Date of Birth 1/4/1963 Post Office JiaganjHandicpd employee Yes/ Live in rented No Yes No house Yes/No
  2. 2. TOTAL G.P.F./ H.B.L H.B.L L.I.C.(2+3+4+5+6 G.I.S./ TDS/ E.P.F./P P.Tax Pr. Int Prem+7+8+9+10+ GISL I .Tax .F. Paid Paid Paid 11+12) TOTAL 15 16 17 18 19 20 21 25180 5000 130 80 1034 0 0 25180 5000 130 80 1034 0 0 24874 5000 130 80 1034 0 0 25180 5000 130 80 1034 0 0 25916 5000 130 80 1034 0 0 25916 5000 130 80 1034 0 0 25916 5000 130 80 1034 0 0 25916 5000 130 80 1034 0 0 25916 5000 130 80 1034 0 0 27492 5000 130 80 1034 0 0 27492 5000 130 80 1034 0 0 27492 5000 130 80 1034 0 0 312470 60000 1560 960 12408 0 0 0
  3. 3. INCOME TAX STATEMENT FOR THE FINANCIAL YEAR 2011-2012 ASSESSMENT YEAR 2012-2013Name & Designation of the Assesses Pranab Kumar Banerjee U.D.C.Residential Address Bhattapara Jiaganj Murshidabad Pin Code No. 742123Pan Card No AAPP5588A 1 Salary income with all allowance ( Except House Rent allowances) Rs. 312,470 2 House Rent Allowance :- Rs. 28,092 3 Bonus :- Rs. 0 4 Arrear,if any :- Rs. 15,703 5 Income From Bank (Interest) Rs. 0 6 Income from N.S.C.( interest ) Rs. 0 8 Income from Pension( who availed pension for his previous Service) Rs. 0 9 Gross Income(Col.1 + 2+3+4+5+6+7+8 ) :- Rs. 356,26510 Interest paid as H.B.Loan (1.5 Lacks maximum) U/S 24(B):- Rs. 011 Professional Tax U/S 16(iii) :-(For Handcpd employees are exempt from P.tax) Rs. 1,56012 Exemp of Conven Alwn/Washing Alwn/Transport Allwn/ U/s 10(14)(i)[Max.Rs 9600/-P.A. Rs. 013 Exemption U/S 10(13A) :- ### a) House Rent Received……………. 0 Rs. b)House Rent Paid Rs. - ### c)Expenditure on house rent in excess of 50% in Metro Pol City - others 40% & 10% of B.Pay . c) Amount exempted (which is less of a , b ,c):-………………………. Rs. - Rs. 014 Exemption of Medical Reimbursment Max Rs. 15000/-P.A. Rs. 015 Children Education Allowances Max.Rs.100 p.m.(Two Children)U/s 10(14)(ii) Rs. 016 Children Hostel Allowances Exemption (Max Rs. 3600 P.A.) Rs. 017 Intertenment Allowances U/s 16(ii) Max.Rs. 5000/- P.A Rs. 018 Exemption of Leave Travel allowances(Actual Expenses)[ U/s 10(5) Rs. 019 Total Income(Col.9-10-11-12-13-14-15-16) Rs. 354,70520 Deduction U/S 80 C (Maximum Rs.1,20,000/- including Infrastru. Bond) ### a) Contribution to G.P.F./E.P.F Rs. 60000 c) Group Insurance Savings Scheme :- Rs. 960 ### d) L.I.C.(Yearly Basis) Rs. 15000 ### e) U.LIP (As Yearly Basis)……………………………………………. Rs. 0 f) P.L.I……………………………………………………………….. Rs. 0 h )Purchase of N.S.C. :-……………………………………… Rs. 0 i) Amount paid as excluisively tuition fees to any University/College/School for maximum of two 80 Children( 2 )Maximum Rs1,00,000/-………………………… Rs. 0 ### j) Payment of H.B.Loan (Principal) :-………………………… Rs. 12408 k) New Insfrustructure bond{Max-20000/-}……………………. Rs. 0 ### Total Deduction U/s 80C [ Max Rs. 1,00,000 + Flx.Bond 20,000] Rs. 88368 j) Others, if any as notified Under Chapter V A Hn 80DDB 0 80D 0 80G 0 80E 0 80U 0 80DD 0
  4. 4. 0 ### TOTAL DEDUCTION U/S 80C INCLUDING CHAPTER V A Rs. 88368 Rs. 88,36819 Taxable Income (19 - 20) :-[Rounded off to the next 10] Rs. 266,34020 Total Tax Computed after less of Standard Deduction Rs. 1,634 Standard Deduction:- Up to 1,80,000/- Tax Nil, 1,80,001 to 5,00,000/- 10% 5.00.001 to 8,00,000/- 20%, 8,00,001 to ownwards Tax 30% For Women Employees up to 2,90,000/- Tax Nil,For Sr.Citizen up to 2,50,000/-Nil21 3% Educational cess on tax :- Rs. 4922 Tax Payable including Education & Cess(Col.21+22) Rs. 1,68323 Relief U/S 89(1)[Arrears Relief from Salary] Rs. 1,50024 Net Tax Payable ( 23-24) Rs. 18325 Tax already deducted from source : Rs. 026 Balance Tax :- - Payable ……………………………………………. Rs. 183 Signature of the Employee Dated Designation:- Office Address ### ### ### ### ### ### ### ### 1 3 0 ### ###
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  6. 6. Government of India

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