tax clculator

Income Tax Calculator for FY 2012-13

www.ApnaPlan.com
Birth date
Age 15-Jun-54 57

Gross Annual Income/Salary (with all allowances) Less: Allowances exempt u/s 10(for Service Period)
(I) H.R.A. exemption City of Residence Basic Salary (Basic+DA) Rent Paid H.R.A received (II) Conveyance allowances(Max Rs.800/-p.m) (iii) Any Other Exempted Receipts/ allowances (iv) Professional Tax

2,888,333 515,207
M

1,030,413 630,000 608,250 0 583,650 0

515,207 526,959 608,250 0 583,650 0 0

Income under the head salaries Add: Any other income from other sources
1. Interest received from following Investments a. Bank ( Saving /FD /Rec ) b. N.S.C.(accrued/ Recd ) c. Post Ofice M.I.S (6 yrs.) d. Post Office Recring Deposit (5 yrs.) e. Term Deposit (1 to 5 yrs.) f. Saving Bonds (6yrs.) g. Kishan Vikas patra 2. Any Other Income 3. Any Other Income

Income from house property

Less: Interest paid on housing loan(max150,000)

0 0 0 0 0 0 0 0 0 0 0 100,000 121,800 0 0 0 0 0 0 0 0 0 7,000 7,000

Gross Total Income Less: Deduction under Sec 80C (Max Rs.1,00,000/-)
a. PF&VPF Contribution b. Life Insurance premiums c. PPF a/c Contribution d. N.S.C (Investment +accrued Int first five year) e. Housing. Loan (Principal Repayment ) f. Tuition fees for 2 children g. E.L.S.S(Mutual Fund) h. Tax Savings Bonds I. FD (5 Years and above) j. 80 ccc Pension Plan

Less: Deduction under chapter VI A

b. 80 D Medical Insurance premiums (for Self ) Page 1

tax clculator C. 80 D Medical Insurance premiums (for Parents) d. 80 E Int Paid on Education Loan e. 80G Donation to approved fund f. Any other

7,000 0 0 0

7,000

Total Income
Total Tax Payable Add; Edn Cess @ 3%

Net Tax Payable

Tax to Total Income Ratio

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tax clculator

2,888,333 -1,098,857

3E+06

1,789,477 0

297000 15000 111650 60000 100000

0 1,789,477 -100,000

-14,000

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tax clculator

1,675,477 332,643 9,979

342,622
12%

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