http://www.PankajBatra.

com
Income Tax Calculator F.Y. 2016-17 (AY 2017-18)
Gender

Male

Name

Your Name

Age

Have a Question? Ask it here: http://www.SocialFinance.in

30

Number of children

Salary Breakup

April

May

Basic Salary
House Rent Allowance (HRA)
Dearness allowance (DA)
Transport/Conveyence Allowance
Child Education Allowance
Grade/Special/Management/Supplemementary All
City Compensatory Allowance (CCA)
Arrears
Gratuity
Leave Travel Allowance (LTA)
Leave Encashment
Performance Incentive/Bonus
Medical Reimbursement
Food Coupons
Periodical Journals
Uniform/Dress Allowance
Telephone Reimbursements
Professional Development Allowance
Car Reimbursement
Internet Expense
Driver Salary
Gifts From Non-Relatives
Gifts From Relatives
Agricultural Income
House Rent Income/Notional rent (income from ho
Saving bank account interest
Other income (Fixed deposit /NSC/SCSS Interest)
Income from Lottery, Crossword Puzzles, prizes etc
STCG from listed equity products/equity MFs
STCG not from listed equity products/equity MFs
LTCG from listed equity products/equity MFs

June

July

August

September

October

November

December

January

February

March

Total

LTCG not from listed equity product/equity MFs s w/o indexation

LTCG not from listed equity products/equity MFs with indexation benefits
TOTAL INCOME

Exemptions
Actual Rent paid as per rent receipts

Place of residence

HRA Exemption

Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City
Availing
both HRA
and Home
loan
exemption

Non-Taxable Allowances
Investment/Bills Details
Child Education Allowance
Medical Reimbursement receipts sub
Transport/Conv. Allowance
LTA receipt submitted
Food Coupons
Periodical Journals
Uniform/Dress Allowance
Telephone Reimbursement receipts su
Prof. Development receipts submitted
Car Expenses Reimbursement receipts
Internet expense receipts submitted
Driver Reimbursement
Salary receipts submitted
Other
receipts
submitted
Non taxable Gratuity

Non taxable
Non
taxable leave
Houseencashment
rent income-30%
ded.
Balance Salary
Professional Tax
Net Taxable Salary
Total Home loan amount

During Service

Self occup. Home Loan Interest Component

Letout property Home Loan Interest

Municipal taxes paid on letout proper

Gross Total Income

Deductions under chapter VIA

Life Insurance Premium payment
Employee's contribution to PF
PPF (Public Provident Fund) or SSAS
Equity Tax saver Mutual Funds - ELSS
National Savings Certificate (NSC) de
National Savings Scheme (NSS) depos
Senior Citizen Savings Scheme (SCSS)
Post Office/Tax saving Bonds investm
Children Tution Fees paid
Housing Loan Principal repayment
Tax saving Fixed Deposit for 5 yrs. or
Stamp Duty/Registration charges for

Other Eligible Investments

Total of Section 80C
Pension Fund (80 CCC)
NPS/APY Deposit 80CCD

Total Deductions u/s 80C, 80CCC, 80

80D (Medical insurance premium

for Self and/or Family)

80D (Medical insurance premium

for Parents)

80DD (Maintainence of depandant

disabled)
80DDB (Medical treatment for
specific diseases)
80E (Interest paid on Higher
Education Loan)

80U (Handicapped person/Perm.

Disability)
Donations - 80G (100 % deductions)
Donations - 80G (50 % deductions)
80CCG - RGESS
Employer NPS deduction u/s 80CCD(2

Saving account Interest section 80TT

Parents above 60 years

With Severe Disability

Patient Below 65 years

With Severe Disability

Total Taxable Income

Taxable Income rounded off

Income Tax on Total Income

Tax credit u/s 87A

Income tax after Tax credit

Surcharge
Income tax including surcharge

Education Cess @ 3%
Income tax including education cess
TDS (Tax deducted at source)

Pending Tax Payable

Monthly Deductions from salary

April
TDS (Tax deducted at source)
Professional Tax
Employee's PF Contribution
Self/Employee's NPS/APY Contribution
VPF (Voluntarily Provident Fund) contribution
Deduction for company provided transport
Deduction towards State Labour welfare Fund (LWF)
Deduction towards company provided Group Term insurance
Deduction towards Leave availed
Deduction towards company provided medical insurance
Other Deductions from Employer
Employer's NPS Contribution
Employer's PF Contribution

May

June

July

August

September

October

November

December

January

February

March

In Hand Salary

In Hand Salary without reimbursments

Total Income in this year

ADVANCE TAX SCHEDULE - NOT APPLICABLE FOR SENIOR CITIZENS

Total Tax as per Consolidation Sheet:
PARTICULARS
Payable upto 15th September
Payable upto 15th December
Payable upto 15th March

%
30%
60%

Payable
-

100%

Paid
-

Difference
-

Success

Savings for Tax

PPF Investments
April
May
June
July
August
September
October
November
December
January
February
March
Total

Long Term infra bonds investment

April
May
June
July
August
September
October
November
December
January
February
March
Total

Post Office/Tax saving Bonds investments

April
May
June
July
August
September
October
November
December
January
February
March
Total

Pension Fund (80 CCC) investments

April
May
June
July
August
September
October
November
December
January
February
March
Total

GROSS TOTAL

Children Tution Fees paid