This document contains income tax calculations for the 2009-10 fiscal year (FY) in India for individuals and Hindu Undivided Families (HUFs). It shows the basic tax, surcharge, cess, and total tax due for different categories including male under 65, female under 65, and senior citizens over 65. The calculations are provided for a net taxable income of 500,000 rupees. The document also contains the same tax calculations for FY 2008-09 for comparison.
This document contains income tax calculations for the 2009-10 fiscal year (FY) in India for individuals and Hindu Undivided Families (HUFs). It shows the basic tax, surcharge, cess, and total tax due for different categories including male under 65, female under 65, and senior citizens over 65. The calculations are provided for a net taxable income of 500,000 rupees. The document also contains the same tax calculations for FY 2008-09 for comparison.
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Attribution Non-Commercial (BY-NC)
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This document contains income tax calculations for the 2009-10 fiscal year (FY) in India for individuals and Hindu Undivided Families (HUFs). It shows the basic tax, surcharge, cess, and total tax due for different categories including male under 65, female under 65, and senior citizens over 65. The calculations are provided for a net taxable income of 500,000 rupees. The document also contains the same tax calculations for FY 2008-09 for comparison.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLS, PDF, TXT or read online from Scribd
THE CALCULATOR AFTER BUDGET 06.07.2009 (F.YEAR 2009-10)Fill only one yellow cell NET TAXABLE INCOME FOR F.YEAR 2009-10 500000 R.OFF TO MULTIPLE OF 10 500000 SIMPLE TAX INDIA MALE<65 & FEMALE SR. CITI TAX DETAILS HUF <65 AGE >65 BASIC TAX DUE 54000 51000 46000 SURCHARGE 0 0 0 CESS 1620 1530 1380 TAX DUE AFTER BUDGET 55620 52530 47380 TAX DUE BEFORE BUDGET 56650 53560 48925 SAVING FROM BUDGET 1030 1030 1545 SEE DETAILS IN CASE-1 CASE-2 CASE-3
TAX LIBILITY IF YOU ARE MALE AND AGE<65(CASE-1) & HUF
SLABS RATE AMOUNT TAX DUE (A) (B) (A)*(B) UPTO 160000 NIL 160001-300000 10% 140000 14000 300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 54000 SURCHARGE ABOLISHED 0 TOTAL(BASIC+SURCHARGE) 54000 ADD:E.CESS(2%) AND SHC(1%) 1620 TOTAL TAX DUE(R.OFF IN RS) 55620
TAX LIBILITY IF YOU ARE FEMALE AND AGE<65(CASE-2)
Page 1 2009_10 fy
SLABS RATE AMOUNT TAX DUE
(A) (B) (A)*(B) UPTO 190000 NIL 190001-300000 10% 110000 11000 300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 51000 SURCHARGE ABOLISHED 0 TOTAL(BASIC+SURCHARGE) 51000 ADD:E.CESS(2%) AND SHC(1%) 1530 TOTAL TAX DUE(R.OFF IN RS) 52530
TAX LIBILITY IF YOUR AGE<65 IN FY 2008-09(CASE-3)
SLABS RATE AMOUNT TAX DUE (A) (B) (A)*(B) UPTO 240000 NIL 240001-300000 10% 60000 6000 300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 46000 SURCHARGE ABOLISHED 0 TOTAL(BASIC+SURCHARGE) 46000 ADD:E.CESS(2%) AND SHC(1%) 1380 TOTAL TAX DUE(R.OFF IN RS) 47380
Page 2 FY 2008_09
INCOME TAX CALCULATOR FOR INDIVIDUAL AND HUF
NET TAXABLE INCOME FOR F.YEAR 2008-09 500000 R.OFF TO MULTIPLE OF 10 500000 SIMPLE TAX INDIA MALE<65 & FEMALE SR. CITI TAX DETAILS HUF <65 AGE >65 BASIC TAX DUE 55000 52000 47500 SURCHARGE 0 0 0 CESS 1650 1560 1425 TOTAL TAX DUE 56650 53560 48925 SEE DETAILS IN CASE-1 CASE-2 CASE-3
TAX LIBILITY IF YOU ARE MALE AND AGE<65(CASE-1) & HUF
SLABS RATE AMOUNT TAX DUE (A) (B) (A)*(B) UPTO 150000 NIL 150001-300000 10% 150000 15000 300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 55000 SURCHARGE:10% IF INCOME>1000000 0 TOTAL(BASIC+SURCHARGE) 55000 ADD:E.CESS(2%) AND SHC(1%) 1650 TOTAL TAX DUE(R.OFF IN RS) 56650
300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 52000 SURCHARGE:10% IF INCOME>1000000 0 TOTAL(BASIC+SURCHARGE) 52000 ADD:E.CESS(2%) AND SHC(1%) 1560 TOTAL TAX DUE(R.OFF IN RS) 53560
TAX LIBILITY IF YOUR AGE<65 IN FY 2008-09(CASE-3)
SLABS RATE AMOUNT TAX DUE (A) (B) (A)*(B) UPTO 225000 NIL 225001-300000 10% 75000 7500 300001-500000 20% 200000 40000 MORE THAN 500000 30% 0 0 BASIC TAX 47500 SURCHARGE:10% IF INCOME>1000000 0 TOTAL(BASIC+SURCHARGE) 47500 ADD:E.CESS(2%) AND SHC(1%) 1425 TOTAL TAX DUE(R.OFF IN RS) 48925