Salary Tax Calculator 2010-2011
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Transcript of Salary Tax Calculator 2010-2011
8/3/2019 Salary Tax Calculator 2010-2011
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Employee Name
Designation Age 1
Department Profession 2
Taxable Income For The Year 2010-11 540000
Annually TAX Calculation Annually Tax Cr
Total Annual Taxable Income for the Year 540000 Credits Items
Tax Rate for the Year 3.5 Charitable donation
Total Tax payable for the Tax year 18900 Investment in Listed Shares
AFTER MARGINAL TAX RELIEF Contribution to approved pension Fund Annual contributio
Amount on the maximum of the slab 450000 Interest Paid On loans for purchase or construction of Hou
Tax payable on the maximum of the slab 2.50 11250 Withholding
marginal increase maximum of the slab 90000 Tax Deducted by Employer
Rate of Marginal Relief % 20.0 On telephone bill
Tax Payable on Marginal relief 18000 Along with motor vehicle Tax
Total Tax Payable 29250 On cash withdrawals from banksTax Payable Without Marginal Relief 18900 On registration of new Car/Jeep
Rebate
Less : Rebate for Senior Citizen 0 Tax Calculation Fo
Less : Rebate for Senior Teacher 0 Usage of Motor Vehicle
With Holding/Tax Credit Adjustment Cost of Motor Vehicle
Less: Withholding Taxes 0 Vehicle used by employee from
Less: Tax Credits 0 This amount shell be added employee's taxabl
TAX PAYABLE WITH RETURN 18900 Tax Calculation For In
Loan Amount
Optimistic LawAssociateTax Calculator for Salary Income 2010-
11
þÿUnder60Years
þÿOthers
þÿOnlyPriva
þÿValueofM
þÿJ
þÿ5%
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Interest Rate
Loan Received on
12
1 1
1 2
1 3
1 4 This amount shell be a
Tax Calcu
IF Yes√
þÿHousekeeper
þÿHousekeeper
þÿHousekeeper
þÿHousekeeper
8/3/2019 Salary Tax Calculator 2010-2011
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Male
Under 60 YeaFemale
Teacher / Researcher
djustment For the Year
Amount Credit
00
0
0
ment For the Year
Vehicle √
10% 1% July, 2010
FALSE 2% August, 20
1 to 6 6 3% Septembe
0 4% October, 2
5% Novembe
ree Loan √ FALSE 6% December
o. of Installment 0 0 7% January, 2
Private Use Use
Motor Vehicle
employer
Sub-Section 2 of Section 12 Income Tax OrSalary means any amount received by an employee from any employcapital nature, including -
(a) any pay, wages or other remuneration provided to an employee, ilieu of leave, overtime payment, bonus, commission, fees, gratuity orcondition supplements (such as for unpleasant or dangerous working (b) any perquisite, whether convertible to money or not;(c) the amount of any allowance provided by an employer to an emplsubsistence, rent, utilities, education, entertainment or travel allowaninclude any allowance solely expended in the performance of the emp(d) the amount of any expenditure incurred by an employee that is paemployer, other than expenditure incurred on behalf of the employer employee’s duties of employment;
If Yes
IF Yes
le
þÿDecember,2010
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ench Mark Rate 11% 0 0
axable Amount 0 0 0
FALSE Housekeeper
Driver
to 12 12 0 Gardner
to 12 12 0 Other
to 12 12 0
to 1212 0e 0 0
eper, driver, gardener ant. Monthly salary paid
by employer
þÿJune,2011
þÿJune,2011
þÿJune,2011
þÿJune,2011
8/3/2019 Salary Tax Calculator 2010-2011
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f a revenue or
ay, payment in
cost of living,
f employment;by thece of the
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Income Tax Slab Rates
From Up to Tax Rate %
0 300,000 0
300,001 350,000 0.75
350,001 400,000 1.5
400,001 450,000 2.5450,001 550,000 3.5
550,001 650,000 4.5
650,001 750,000 6
750,001 900,000 7.5
900,001 1,050,000 9
1,050,001 1,200,000 10
1,200,001 1,450,000 11
1,450,001 1,700,000 12.5
1,700,001 1,950,000 14
1,950,001 2,250,000 15
2,250,001 2,850,000 162,850,001 3,550,000 17.5
3,550,001 4,550,000 18.5
4,550,001 20
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Marginal Relief
Rate Amount
20 550000 Upto
30 1050000 Upto
40 2250000 Upto
50 4550000 Upto60 4550000 Exceed