INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2

Instructions :
1.Please enter gross annual figures.
2. Please enter values in Highlighted cells only.

DISCLAIMER : This calculator is to help you find out your personal indecative total tax liability. Efforts have been made to cover most of th
are advised to consult any qualified chartered accountant or tax consultant to know your actual Tax Liability.

Assessee Type you are Male or Female (<65 years of age)

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or Sr. Citizen Male PersonalMoney.in is a Persona
Components of Salary Annual Amount Management, Financial Planning
A.1 Basic Salary Rs.0 Management to effectively mana
A.2 House Rent Allowance Rs.0
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A.3 Transport Allowance Rs.0
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A.4 Medical Reimbursement Rs.0
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A.5 Leave Travel Allowance (LTA) Rs.0
A.6 Special Allowance Rs.0
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Gross Salary (A) Rs.0 * For any query or support ple

Exemptions/Deductions Maximim Limit

B.1 House Rent Exemption
Annual Rent Paid Rs.0
Assessee Residing in Other Cities
I) 40% of Basic Salary Rs.0 Rs.0
ii) Actual HRA Received Rs.0
iii) Rent Paid minus 10% of Basic Salary Rs.0
Total House Rent Exemption
B.2 Transport Allowance Rs.9,600
B.3 Medical Reimbursement Rs.15,000
Total (B)

Gross Taxable Salary Income (A-B)

Income from Housing
Reliefe on Interest paid on Housing Loan Rs.150,000
Any other Income
Gross Total Income
Deduction under Chapter VIA
Under Section
The following tax saving investments may be considered for computation of income tax deduction at source for
Deduction u/s 80D to 80U
C.1 family
Medical Insurance Premium - for the parent or parents U/Sec 80D(2A)
C.2 of the assessee Parents are NOT Sr. U/Sec
citizen80D(2B)
 C.3 Expenditure on Handicapped Dependents / Deposits made with LIC, etc. for maintenance of handicapped
Disability Percentage of the Handicapped Dependents Less than 80% disability
U/Sec 80DD

C.4 Exp. likely to be incurred on specified disease or ailment (Cancer/AIDS etc.)

Exp incurred on senior citizen No U/Sec 80DDB

C.5 (in case of disability

Self Disability Percentage Less than 80% disability
U/Sec 80 U

Interest on Education Loan (for self education) from

C.6
Charitiable or Financial Institution. (No Limit) U/Sec 80E
Total Deduction u/s 80D to 80U

Investments under Sections

Self Contribution 80C
in Provident & 80CCC
Fund. qualifying
Assessee's rate of for deductionsw.r.t
PF contribution upto Rs.1 Lac or Rs.1.2 Lac
D.1 Basic Salary is @ U/Sec 80C
D.2 Voluntary Contribution Provident Fund U/Sec 80C
D.3 INVESTMENT IN PENSION SCHEME U/Sec 80 CCC
D.4 HOUSING LOAN PRINCIPAL REPAYMENT U/Sec 80C
D.5 PUBLIC PROVIDENT FUND (PPF) U/Sec 80C
D.6 LIFE INSURANCE PREMIUM PAID U/Sec 80C
D.7 UNIT LINKED INSURANCE PLANS U/Sec 80C
D.8 NSC-NATIONAL SAVING CERTIFICATE U/Sec 80C
D.9 DEPOSIT IN NATIONAL SAVING SCHEME (NSS) U/Sec 80C
D.10 INFRASTRUCTURE INVESTMENT in approved BONDS U/Sec 80C
MUTUALLINK
D.11 EQUITY FUNDS notified
SAVING under SECTION
SCHEME(ELSS) 10(23D)
Mutual Funds notified under SECTION U/Sec 80C
D.12 10(23D)
TERM DEPOSIT with a SCH.Bank in a notified Scheme for a term not less U/Sec 80C
D.13 than 5 years.
TUTION FEES PAID (Only full time education tution fees paid to any Indian Univ, College, U/Sec 80C
D.14 School) U/Sec 80C
D.15 SENIOR CITIZENS SAVINGS SCHEME Rules, 2004 U/Sec 80C
D.16 POST OFFICE TIME DEPOSIT Rules, 1981 for a term not less than 5 years U/Sec 80C
Total Deduction u/s 80C and 80CCC
Total Deduction under Chapter VIA
Net Total Taxable Income
Tax on Total Income
Add Surcharge
Add Education Cess
Total Tax Payable in respective Financial Years
Total Tax Savings in FY-10-11 with respect to Tax Payable in FY-09-10
R FINANCIAL YEAR 2010-11

ve been made to cover most of the scenarios of Income, Exemptions, Deductions, etc. However, you
lity.

Assessee Type
ersonalMoney.in is a Personal Finance Blog that provides expert advice on Money Male
anagement, Financial Planning, Investment, Insurance, Loans and Personal Wealth Female
anagement to effectively manage your personal money. Sr. Citizen

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Under Section Amount Amount

U/Sec 10(13A) Rs.0 Rs.0

Rs.0 Rs.0
Rs.0 Rs.0
Rs.0

Rs.0
Rs.0 Rs.0
U/S 24(1)(Vi) Rs.0 Rs.0
Rs.0 Rs.0
Rs.0
FY-09-10 FY-10-11
Actual Amount Maximim Limit Eligible Amount
Maximim Limit
Eligible Amount
tax deduction at source for the financial year.

Rs.0 Rs.15,000 Rs.0 Rs.15,000 Rs.0

Rs.0 Rs.15,000 Rs.0 Rs.15,000 Rs.0
aintenance of handicapped Dependents
Rs.0 Rs.50,000 Rs.0 Rs.50,000 Rs.0

Rs.0 Rs.40,000 Rs.0 Rs.40,000 Rs.0

Rs.0 Rs.50,000 Rs.0 Rs.50,000 Rs.0

Rs.0 No Limit Rs.0 No Limit Rs.0

Rs.0 Rs.0

s.1 Lac or Rs.1.2 Lac

Rs.0 12% Rs.0 12% Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.10,000 Rs.0 Rs.10,000 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 Rs.0
Rs.0 0.00%
Resident of HRA Basic Salary Relief Rate Disability Percentage for Sec 80DD and 80
Chennai 50 Less than 80% disability
Delhi 50 More than 80% disability
Kolkata 50
Mumbai 50
Other Cities 40

Assessee's Rate Applied 40

Assessee Type Applied Male
entage for Sec 80DD and 80U