I T Calculator 14-15........n (3)
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Transcript of I T Calculator 14-15........n (3)
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Instruction for use
1. There is a password to open, that is "123".
2. If you want to claim HRA deduction, you can claim it manually in "O12" box (whichever is less)
3. Colour boxes are editable to enter you personal savings & claims.
4. 80C savings maximum limit 1,50,000/- it will calculate automatically.
5. Taxation below five lakh 10%, 5- 10 lakh 20%, above 10 lakh 30%, it calculates automatically.
6. If your taxable income is below 5 lakh according to IT U/S 87A 2000/- considered automatically.
7. Form 16A will generate automatically.
8. Bottom of the Form there is a table, just enter your Basicpay and your savings.
9. Right side of table there is colur boxes with instructions for HRA,SFN,DA etc.
10. If Employee comes under N.P.S. fillup Box no. R 50 (0 or 10)
11. If Employee is P.H. fillup Box no. R 40 (0 or 6) Tax Exmpt (80U &10(14)) will calculate automatically.
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2015- 16
Name : Designation :
Office Address TAN No
PAN No
1. Gross Total salary.
2. Arrears/ Surrendor.
3. Total Income from Salary
4. Total Salary
Least of the above 0
6. DEDUCTION P.T. 2,400
N.P.S
TOTAL (not more than 1,50,000/-)
9. TAXABLE INCOME #V
9.A NET TAXABLE INCOME #
10. TAX #
11. DEDUCTION U/S 87A Rs 2000/- #
12. Net Tax #
13. Edn Cess 3% #V
14. TOTAL TAX #V
15. TAX ADVANCE PAID.
16. PAYABLE TAX/REFUNDABLE AMT. #V
17.TAX IN WORDS. Rs Twelve thousonds five hundred sixty only
PAY D A HRA MA PHA SFN CCA TrSpAll TOTAL P T G P F K G I D L I C NPS G I S
Mar-14 33600 5040 6720 0 0 0 300 45660 200 10000 3400 1544 0 180
Apr-14 33600 7056 6720 0 0 0 300 47676 200 10000 3400 1544 0 180
May-14 33600 7056 6720 0 0 0 300 47676 200 10000 3400 1544 0 180
Jun-14 33600 7056 6720 0 0 0 300 47676 200 10000 3400 1544 0 180Jul-14 33600 7056 6720 0 0 0 300 47676 200 10000 3400 1544 0 180
Aug-14 33600 7056 6720 0 0 0 300 47676 200 10000 3400 1544 0 180
Sep-14 34500 7245 6900 0 0 0 300 48945 200 10000 3400 1544 0 180
Oct-14 34500 8711 6900 0 0 0 300 50411 200 10000 3400 1544 0 180
Nov-14 34500 8711 6900 0 0 0 300 50411 200 10000 3400 1544 0 180
Dec-14 34500 8711 6900 0 0 0 300 50411 200 10000 3400 1544 0 180
Jan-15 34500 8711 6900 0 0 0 300 50411 200 10000 3400 1544 0 180
Feb-15 34500 8711 6900 0 0 0 300 50411 200 10000 3400 1544 0 180
D.A.Diff Bill 6048 0 0 0 0 6048 0
D.A.Diff Bill 4284 0 0 0 0 4284 0
Arrears 0 0 0 0 0 0
Surrender 0 0 0 0 0 0Others 0 0 0 0 0 0
408600 101452 81720 0 0 0 3600 0 595,372 2400 120000 40800 18528 0 2160
Place : Dharwad Sign of Employee
Date : Name & Desi nation12/20/2014
SALARY DEDUCTIONSMonthYEAR
L.I.C
1,50,000
0
0
Housing Loan Principle Amt
G.I.S
P.L.I.
G.P.F
Tution Fee
Private Insurance
Eligible HRA 44,995
DETAILS OF SALARY & DEDUCTIONS for t he Year of
Lecturer
G.P.U.College, Hatti G.mines UYTR5826NGovt.P.U. College, Hatti Goldmines
ERTE5486YPermnent
Address:
X Y Z
0
44,995
204,021
5. Less : HRA U/S 10 (13A)
181,488
0
18,528
120,000
2,160
0
0
81,720Actual HRA received
Rent paid in excess of 10% of salary
40% of Basic pay
7.U/S VI A 80U (PWD)
80E (Housing loan Interest)
40,800
80E (Edn loan Interest)
0
0
0
10(14) ii (xi) (PH Allowance)
0
8. Deduction U/S 80C K.G.I.D
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Rent
8000
015
21
25.25
6
4.25
0
25.25
20
300
0
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PAN No TAN No
ERTE5486Y
Assessment YearFrom 01/ April /
2014To 31/ March / 2015 2015- 16
1. Gross Salary 592,972
2. Less : Allowance to the extent exmpt under section 10
3. Balance (1-2) 592,972
4. Deductions : a) Tax on employment U/s 16(III)
b) Entertainment allowance U/s 16(II)
5. Agregate of 4 (a+b) 0
6. Income Chargable under the head 'SALARIES' (3-5) 592,972
7. Add any other income reported by the employee
8. Gross Total Income (6+7) 592,972
9. Deduction under chapter VI A80U (PWD) 0
10(14) ii (xi) (PH Allowance) 0
80E (Edn loan Interest) 0
80E (Housing loan Interest) 0
10. Agregate of deduction Amount under chapter VI A 0 592,97211. Rebate & relief under chapter VIII
I) Under section 80 C (Please Specify)
120,000
40,800
18,528
N.P.S 0
2,160
0
0
0
Housing Loan Principle Amt 0
Total (a+h) 181,488 II) Under Section 88 A (Please Specify)
a) Relief Fund
b)
III) Under Section 9 (I) [Attach details]
12. Agregate of Tax Rebate & Relief at 11 above (I+II+III) 1,50,000
13.Total Income (8-10+12) #VALUE!
14. Tax On Total Income #VALUE!
15. DEDUCTION U/S 87A Rs 2000/- #VALUE!
16. Net Tax #VALUE!
17. Surcharge 3% #VALUE!
18. Agregate Total Tax #VALUE!
Quarter Amount Date of Payment
1 4000
2 4429
3 4131
4 4131
Place :Dharwad
Date : 20/12/2014.
For more details Contact : [email protected]
FORM NO 16
(See Rule 31 (1) (a))
Certified under 203 of Income Tax Act 1961 for Tax deducted at Source from Income Chargable under the head "Salaries"
NAME & ADDRESS OF THE EMPLOYER NAME & DESIGNATION OF THE EMPLOYEE
PAN No
UYTR5826N
Sign of the person responsible for deduction of Tax
Details of salary paid and any other income and Tax deducted
L.I.C
G.P.F
G.I.S
Tution Fee
TDS Circle where Annual Return / statement undersection 206 to be filed I.T.O. - III Hubli
K.G.I.D
Full Name & Designation
Certified that a sum of Rs 12334/- (Inwords)Naught OnlyTwelve thousand three hundred thirtyfour
only.has been deducted at source and paid to the credit of the central Govt. further certified that above information is true
and correct as per records.
Period
X Y Z
Lecturer
G.P.U.College, Hatti G.mines
Principal
G.P.U.College, Hatti G.mines
Bank Name & Branch
Private Insurance
P.L.I.
DETAILS OF TAX DEDUCTION AND DEPOSITED IN TO CENTRAL GOVT.ACCOUNT
