You are on page 1of 19

www.taxguru.

in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN FILL ONLY BLANK COLUMN

INCOME TAX CALCULATOR FOR MALE


COMPANY NAME : M/S

CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-12 (01/04/11 TO 31/03/12) NAME : SEX : DESIGNATION DEPTT. ARREAR OF SALARY/ LEAVE SALARY ( IF PERQUISTIES & OTHER INCOME MEDICAL EXP REMIBUSEMEN T 0 EPF 12% OF BASIC SALARY TOTAL GROSS SALARY TDS DEDUCTED/ ADVANCE TAX PAID MEDICAL EXP TAXABLE 0 CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED HRA RENT PAID HRA RECD FROM COMPANY BONUS/GIFT/ INCENTIVE ETC. NET SALARY PAID

MALE BASIC SALARY

PREVIOUS EMPLOYER SALARY APRIL'2011 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2012 FEB. Mar-12 TOTAL ANNUAL TOT WORKING:CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 72000 9000 9000 9000 9000 9000 9000 9000 9000 9000 9000 9000 9000 108000 108000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 72000 72000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 72000 72000 AMOUNT 96000 7200 88800 72000 43200 8000 8000 8000 8000 8000 8000 8000 8000 8000 8000 8000 8000 96000 96000

MONTH

0 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 144000 144000 0 0 0 0

800 800 800 800 800 800 800 800 800 7200 7200

35000 35000 0 35000 35000 35000 35000 35000 35000 35000 315000 315000 0 0 0 0

35000 35000 0 35000 35000 35000 35000 35000 35000 35000 315000 315000 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 AMOUNT 108000 28800 88800

45000 13000

13200

COMPUTATION FOR FY 2009-2010 1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXABLE

BASIC TOT BAS SAL%10 HRA EXEMPT

108000 10800

61200 43200 28800

TAXABLE HOUSE RENT

4. SPL ALLOWANCE 144000 5. BONUS & EXGRATIA & INCENTIVE 0 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 0 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 0 TOTAL 369600 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 0 GROSS TOTAL INCOME 369600 DEDUCTION U/S 80 C
Deduction allowed U/S 80 C Deduction allowed U/S 80 C for Infrastructue bond limit Rs.20000/-

67657

DEDUCTION U/S 80 C
PROVIDENT FUND LIC PAID NSC PURCHASED TUTION FEES PPF DEPOSIT OTHERS REPAYMENT OF HLA TOTAL
MAXI.LIMIT Deduction U/S 80 C

0 54457 13200

DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

NET TOTAL INCOME


TAX DUE ON RS. R/ OFF TAX PAYBLE 301943

67657 301943 12194 366 12560 0 12560 1047

67657 100000

ADD: EDUCATIONAL CESS 3% TOTAL TAX PAYBLE

DEDUCTION U/S 80 D - MEDICLAIM INSURANCE


MEDICLAIM INSURANCE PAID

TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

DEDUCTION U/S 80 G ***

Any person or assessee who makes an eligible donation is entitled to get tax deductions subject to conditions. This section does not restrict the deduction to individuals, companies or any specific category of taxpayer. I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OF FILING OF RETURN ITSELF. COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE

180000 2

www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN FILL ONLY BLANK COLUMN

INCOME TAX CALCU

COMPANY NAME : DIPTY LAL JUDGE MAL PVT. LTD. NOIDA

CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03/12 NAME : SEX : DESIGNATION DEPTT. BONUS/GIFT/ INCENTIVE ETC. PERQUISTIES & OTHER INCOME TOTAL GROSS SALARY 0 39450 39450 39450 34000 34000 0 67000 34000 34000 34000 34000 34000 37000 460350 460350 COMPUTATION FOR FY CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED HRA RENT PAID HRA RECD FROM COMPANY ARREAR OF SALARY/ LEAVE SALARY ( IF 0 0

FEMALE BASIC SALARY

PREVIOUS EMPLOYER SALARY APRIL'2010 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2011 FEB. MARCH TOTAL ANNUAL TOT WORKING:CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 90000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 120000 120000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 9000 75000 75000 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000 90000 AMOUNT 58500 9600 48900 75000 60000 4500 4500 4500 5000 5000 5000 5000 5000 5000 5000 5000 5000 58500 58500

MONTH

0 800 800 800 800 800 800 800 800 800 800 800 800 9600 9600

18950 18950 18950 13000 13000 13000 13000 13000 13000 13000 13000 13000 173850 173850 33000

33000 33000

1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXAB

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & 6. ARREAR OF SALARY/ 7. OTHER INCOME RECD 8. MEDICAL EXP REMIBU

BASIC TOT BAS SAL%10 HRA EXEMPT

120000 12000

78000 60000

9.INCOME FROM HOUSE

GROSS TOTAL INCOME

TAXABLE HOUSE RENT

15000

DEDUCTION U/S 80 C

DEDUCTION U/S 80 C
PROVIDENT FUND LIC PAID NSC PURCHASED TUTION FEES PPF DEPOSIT OTHERS REPAYMENT OF HLA TOTAL
MAXI.LIMIT Deduction U/S 80 C

Deduction allowed U/S 80 C Deduction allowed U/S 80 C fo Infrastructue bond limit Rs.20

14400 75655 10000

DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

NET TOTAL INCOME


TAX DUE ON RS. R/ OFF TAX PAYBLE

100055 100000 5500

ADD: EDUCATIONAL CESS TOTAL TAX PAYBLE

DEDUCTION U/S 80 D - MEDICLAIM INSURANCE


MEDICLAIM INSURANCE PAID

TDS DEDUCTED / ADVAN

BALANCE TAX PAYABLE AVERAGE MONTLY TDS

DEDUCTION U/S 80 G ***

Any person or assessee who makes an eligible donation is entitled to get tax deductions subject to conditions. This section does not restrict the deduction to individuals, companies or any specific category of taxpayer. I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL HAVE TO CLAIM DEDUCTION OF DONATION AT THE TIME OF FILING OF RETURN ITSELF. COMPANY WILL NOT TREAT IT AS TAX DEDUCTION.
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOY

INCOME TAX CALCULATOR FOR FEMALE

VT. LTD. NOIDA

-2012 (01/04/11 TO 31/03/12)

EPF 12% OF BASIC SALARY

MEDICAL EXP REMIBUSEMEN T

TDS DEDUCTED/ ADVANCE TAX PAID

1200 1200 1200 1200 1200 0 1200 1200 1200 1200 1200 1200 1200 14400 14400

500

0 37750 38250 38250 32800 32800 0 65800 32800 32800 32800 32800 32800 35800 445450 445450 0 0 0

MEDICAL EXP TAXABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMOUNT 120000 15000 48900 173850 33000 0 600000 0 990750 0 990750

NET SALARY PAID

45000 13000

180000 2

500 500

COMPUTATION FOR FY 2009-2010 1. BASIC SALARY 3. CONVEYANCE TAXABLE

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & INCENTIVE 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 TOTAL 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 GROSS TOTAL INCOME

DEDUCTION U/S 80 C
Deduction allowed U/S 80 C Deduction allowed U/S 80 C for Infrastructue bond limit Rs.20000/DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

100000 20000 5500 125500 865250


865250

NET TOTAL INCOME


TAX DUE ON RS. R/ OFF TAX PAYBLE ADD: EDUCATIONAL CESS 3% TOTAL TAX PAYBLE

675250 65250 19575

110575 3317 113892 500 113392 9491

TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

ons subject to conditions. c category of taxpayer. RM 16. YOU WILL RETURN ITSELF.

ECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE

www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN FILL ONLY BLANK COLUMN

INCOME TAX CALCULA


COMPANY NAME :

CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03 NAME : SEX : DESIGNATION DEPTT. BONUS/GIFT/ INCENTIVE ETC. PERQUISTIES & OTHER INCOME TOTAL GROSS SALARY 0 39450 39450 39450 34000 34000 0 67000 34000 34000 34000 34000 34000 37000 460350 460350 COMPUTATION FOR FY CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED HRA RENT PAID HRA RECD FROM COMPANY ARREAR OF SALARY/ LEAVE SALARY ( IF 0 0

MALE/ FEMAILE BASIC SALARY

PREVIOUS EMPLOYER SALARY APRIL'2010 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2011 FEB. MARCH TOTAL ANNUAL TOT WORKING:CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 90000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 120000 120000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 9000 75000 75000 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000 90000 AMOUNT 58500 9600 48900 75000 60000 4500 4500 4500 5000 5000 5000 5000 5000 5000 5000 5000 5000 58500 58500

MONTH

0 800 800 800 800 800 800 800 800 800 800 800 800 9600 9600

18950 18950 18950 13000 13000 13000 13000 13000 13000 13000 13000 13000 173850 173850 33000

33000 33000

1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXAB

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & 6. ARREAR OF SALARY/ 7. OTHER INCOME RECD 8. MEDICAL EXP REMIBU

BASIC TOT BAS SAL%10 HRA EXEMPT

120000 12000

78000 60000

9.INCOME FROM HOUSE

GROSS TOTAL INCO

TAXABLE HOUSE RENT DEDUCTION U/S 80 C


PROVIDENT FUND LIC PAID NSC PURCHASED TUTION FEES PPF DEPOSIT OTHERS REPAYMENT OF HLA TOTAL
MAXI.LIMIT Deduction U/S 80 C

15000

DEDUCTION U/S 80

Deduction allowed U/S 80 C fo Deduction allowed U/S 80 C bond limit Rs.20000/-

14400 75655 10000

DEDUCTION U/S 80 D Deduction allowed U/S 80 d

DEDUCTION U/S 80 G*

TOTAL DEDUCTIONS

NET TOTAL INCOM 20000 120055 100000 5500


TAX DUE ON RS. R/ OFF TAX PAYBLE

ADD: EDUCATIONAL CESS

TOTAL TAX PAYBLE

DEDUCTION U/S 80 D - MEDICLAIM INSURANCE


MEDICLAIM INSURANCE PAID

TDS DEDUCTED / ADVAN

BALANCE TAX PAYABLE AVERAGE MONTLY TDS DEDUCTION U/S 80 G ***

Any person or assessee who makes an eligible donation is entitled to get tax deductions subject to conditions. T I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL HA
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOY

COME TAX CALCULATOR FOR SENIOR CITIZEN

11-2012 (01/04/11 TO 31/03/12) SR CITIZIEN AGE EQUAL TO OR MORE THAN 60 YEARS BUT LESS THAN 80 YEARS EPF 12% OF BASIC SALARY MEDICAL EXP REMIBUSEMEN T TDS DEDUCTED/ ADVANCE TAX PAID MEDICAL EXP TAXABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COMPUTATION FOR FY 2009-2010 1. BASIC SALARY 3. CONVEYANCE TAXABLE 4. SPL ALLOWANCE 5. BONUS & EXGRATIA & INCENTIVE 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 TOTAL 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 GROSS TOTAL INCOME AMOUNT 120000 15000 48900 173850 33000 0 590000 0 980750 0 980750 0 0 NET SALARY PAID 0 37750 38250 38250 32800 32800 0 65800 32800 32800 32800 32800 32800 35800 445450 445450

1200 1200 1200 1200 1200 0 1200 1200 1200 1200 1200 1200 1200 14400 14400

500

500 500

DEDUCTION U/S 80 C
Deduction allowed U/S 80 C for Infrastructue Deduction allowed U/S 80 C bond limit Rs.20000/DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

100000 10000 5500 115500 865250


865250

NET TOTAL INCOME


TAX DUE ON RS. R/ OFF TAX PAYBLE ADD: EDUCATIONAL CESS 3% TOTAL TAX PAYBLE

104575 3137 107712 500 107212 8976

65250 19575 105575

TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

ns subject to conditions. This RM 16. YOU WILL HAVE

ECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE

www.taxguru.in
NOTE : PLEASE DO NOT CHANGE ANY FIGURE OF COLOURED COLUMN FILL ONLY BLANK COLUMN

INCOME TAX CALCULA


COMPANY NAME :

CALCULATION OF INCOME TAX(TDS) FOR THE YEAR -2011-2012 (01/04/11 TO 31/03 NAME : SEX : DESIGNATION DEPTT. BONUS/GIFT/ INCENTIVE ETC. PERQUISTIES & OTHER INCOME TOTAL GROSS SALARY 0 39450 39450 39450 34000 34000 0 67000 34000 34000 34000 34000 34000 37000 460350 460350 COMPUTATION FOR FY CONVEYANCE ALLOWANCE PAID CONVEYANCE ALLOWANCE EXEMPTED HRA RENT PAID HRA RECD FROM COMPANY ARREAR OF SALARY/ LEAVE SALARY ( IF 0 0

MALE/ FEMAILE BASIC SALARY

PREVIOUS EMPLOYER SALARY APRIL'2010 MAY JUNE JULY AUGUST ARREAR SEPT. OCT. NOV. DEC. JAN.2011 FEB. MARCH TOTAL ANNUAL TOT WORKING:CONVEYANCE RECEIVED. LESS : DED.(800/- PM ) HRA RECEIVED 50% OF SAL(NOIDA 40%) RENT PAID 90000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 120000 120000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 9000 75000 75000 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000 90000 AMOUNT 58500 9600 48900 75000 60000 4500 4500 4500 5000 5000 5000 5000 5000 5000 5000 5000 5000 58500 58500

MONTH

0 800 800 800 800 800 800 800 800 800 800 800 800 9600 9600

18950 18950 18950 13000 13000 13000 13000 13000 13000 13000 13000 13000 173850 173850 33000

33000 33000

1. BASIC SALARY 2. HRA TAXABLE 3. CONVEYANCE TAXAB

4. SPL ALLOWANCE 5. BONUS & EXGRATIA & 6. ARREAR OF SALARY/ 7. OTHER INCOME RECD 8. MEDICAL EXP REMIBU

BASIC TOT BAS SAL%10 HRA EXEMPT

120000 12000

78000 60000

9.INCOME FROM HOUSE

GROSS TOTAL INCO

TAXABLE HOUSE RENT DEDUCTION U/S 80 C


PROVIDENT FUND LIC PAID NSC PURCHASED TUTION FEES PPF DEPOSIT OTHERS REPAYMENT OF HLA TOTAL
MAXI.LIMIT Deduction U/S 80 C

15000

DEDUCTION U/S 80

Deduction allowed U/S 80 C fo Deduction allowed U/S 80 C bond limit Rs.20000/-

14400 75655 10000

DEDUCTION U/S 80 D Deduction allowed U/S 80 d

DEDUCTION U/S 80 G*

TOTAL DEDUCTIONS

NET TOTAL INCOM 20000 120055 100000 5500


TAX DUE ON RS. R/ OFF TAX PAYBLE

ADD: EDUCATIONAL CESS

TOTAL TAX PAYBLE

DEDUCTION U/S 80 D - MEDICLAIM INSURANCE


MEDICLAIM INSURANCE PAID

TDS DEDUCTED / ADVAN

BALANCE TAX PAYABLE AVERAGE MONTLY TDS DEDUCTION U/S 80 G ***

Any person or assessee who makes an eligible donation is entitled to get tax deductions subject to conditions. T I.E. NO DEDUCTION WILL BE MADE IN RESPECT OF ANY DONATION IN FORM 16. YOU WILL HA
For detailed Analysis you can refer CBDT CIRCULAR 01/2010 DATED 11 JAN 2010 IN RESPECT OF TDS ON SALARY

SIGNATURE OF EMPLOY

COME TAX CALCULATOR FOR SENIOR CITIZEN

11-2012 (01/04/11 TO 31/03/12) SR CITIZIEN AGE EQUAL TO OR MORE THAN 80 YEARS

EPF 12% OF BASIC SALARY

MEDICAL EXP REMIBUSEMEN T

TDS DEDUCTED/ ADVANCE TAX PAID

1200 1200 1200 1200 1200 0 1200 1200 1200 1200 1200 1200 1200 14400 14400

500

0 37750 38250 38250 32800 32800 0 65800 32800 32800 32800 32800 32800 35800 445450 445450 0 0 0

MEDICAL EXP TAXABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMOUNT 120000 15000 48900 173850 33000 0 590000 0 980750 0 980750

500 500

COMPUTATION FOR FY 2009-2010 1. BASIC SALARY 3. CONVEYANCE TAXABLE 4. SPL ALLOWANCE 5. BONUS & EXGRATIA & INCENTIVE 6. ARREAR OF SALARY/ LEAVE SALARY (IF ANY) 7. OTHER INCOME RECD. 8. MEDICAL EXP REMIBURSE > 15000 TOTAL 9.INCOME FROM HOUSE PROPERTY Interest on Home Loan 0 GROSS TOTAL INCOME

NET SALARY PAID

DEDUCTION U/S 80 C
Deduction allowed U/S 80 C for Infrastructue Deduction allowed U/S 80 C bond limit Rs.20000/DEDUCTION U/S 80 D Deduction allowed U/S 80 d DEDUCTION U/S 80 G** TOTAL DEDUCTIONS

100000 10000 5500 115500 865250


865250

NET TOTAL INCOME


TAX DUE ON RS. R/ OFF TAX PAYBLE ADD: EDUCATIONAL CESS 3% TOTAL TAX PAYBLE

79575 2387 81962 500 81462 6830

TDS DEDUCTED / ADVANCE TAX BALANCE TAX PAYABLE AVERAGE MONTLY TDS

ns subject to conditions. This RM 16. YOU WILL HAVE

ECT OF TDS ON SALARY

SIGNATURE OF EMPLOYEE

N 80 YEARS

A. Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person Paragraph A of Part-III of First Schedule to the Bill provides following rates of income-tax:(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii), (iii) and (iv) below) or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act (not being a case to which any other Paragraph of Part III applies) are as under : Upto Rs. 1,80,000 Nil. Rs. 1,80,001 to Rs. 5,00,000 10 per cent. Rs. 5,00,001 to Rs. 8,00,000 20 per cent. Above Rs. 8,00,000 30 per cent. (ii) In the case of every individual, being a woman resident in India, and below the age of sixty years at any time during the previous year, Upto Rs. 1,90,000 Nil. Rs. 1,90,001 to Rs. 5,00,000 10 per cent. Rs.5,00,001 to Rs. 8,00,000 20 per cent. Above Rs. 8,00,000 30 per cent. (iii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year, Upto Rs. 2,50,000 Nil. Rs. 2,50,001 to Rs. 5,00,000 10 per cent. Rs. 5,00,001 to Rs.8,00,000 20 per cent. Above Rs. 8,00,000 30 per cent. (iv) in the case of every individual, being a resident in India, who is of the age of eighty years or more at anytime during the previous year, Upto Rs. 5,00,000 Nil. Rs. 50,00,001 to Rs. 8,00,000 20 per cent. Above Rs. 8,00,000 30 per cent. No surcharge will be levied in the cases of persons covered under paragraph-A of part-III of the First Schedule.

ed in (ii), (iii) and

Paragraph of Part

ge of sixty years

y years or more

hty years or more

art-III of the First