INCOME TAX CALCULATION for Year 2008-2009

TAXABLE STANDARD TAXABLE Others Rs. Male

PERKS per Year PERKS per Year
BASIC 57250 INCENTIVE (Appx) 13500
HRA 19620 LTA 0
SPECIAL ALLOWANCE 68640 TAXABLE MEDICAL
PERFORMANCE BONUS 15000 Other Income 0
Total 160510 13500
57250 160510 13500
TOTAL INCOME 174010
ACCOMODATION Own 0
Rent Receipt (Total Year) 0
TOTAL TAXABLE INCOME -68700 174010
171610
DEDUCTION (Annualy) Amount BALANCE
HOUSING LOAN INTEREST PAID(VI-A) 0 171610
Investment in Tax Savings Schemes 12000 159610 12000
Medical Insurance Premium (sec 80D) 0 159610
Medical Insurance Premium (Perents) 0 159610

NET TAXABLE INCOME 159610

Tax Slabs
Taxable income From To Tax rate Appl Amt Tax
0 150000 0% 150000 0
150001 300000 10% 9610 961
300001 500000 20% 0 0
500001 > 500001 30% 0 0
Tax on Income 961
Education Cess 29
Total Income Tax Liability for a year 08-09 990
Profassonal Tax 2400

Income Tax + Prof Tax / Month = 282

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