Income Tax Calculator FY 2013 14

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tax clculator

Income Tax Calculator for FY 2013-14
www.ApnaPlan.com
Name PAN Number Birth date
Age

Amit Kumar AXXXXXXXX
17-Mar-77 37 1,043,082 -185,722

Fill up only the Orang

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

1,043,082 185,722 Non-Metro 542,782 240,000 217,113 0 0 0 217,113 185,722 217,113 0 0 0

For Income Tax purpo Mumbai, Chennai & considered as metro Gurgaon etc are Non

You can take Tax Benef

In case of any queri
857,360

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.) 2. Any Other Income 3. Any Other Income

100,000 0 0 0 0 0 100,000

100,000

Interest up to Rs 10,0 Account So deduct Rs 10,00 interest income from All interest received

Less: Exemption on Home Loan Interest (Sec 24 & Sec 80EE)
Income from house property (Section 24) Additional 1 Lakh exemption on Home Loan Interest (Sec 80EE) Interest paid on Home Improvement Loan (max 30,000)

0

This calculator only one house. The maxim Home Loan interes

0 0 0

0 0 0
957,360

Gross Total Income Less: Deduction under Sec 80C (Max Rs.1,00,000/-)
A. EPF & VPF Contribution B. Public Provident Fund (PPF) C. Senior Citizen’s Saving Scheme (SCSS) D. N.S.C (Investment + accrued Interest before Maturity Year) E. Tax Saving Fixed Deposit (5 Years and above) F. Tax Savings Bonds G. E.L.S.S (Tax Saving Mutual Fund) H. Life Insurance Premiums I. New Pension Scheme (NPS) (u/s 80CCC) J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC) K. 80 ccd Central Govt. Employees Pension Plan (u/s 80CCD) L. Housing. Loan (Principal Repayment) M. Stamp Duty & Registration Charges N. Tuition fees for 2 children

100,000 9,360 0 0 0 0 0 72,000 0 20,000 0 0 0 0 0 15,000 15,000 0 0
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-100,000

Sec 80EE 2013 buyers with home pu lakh and loan of less

Choose

Click here to choose th

Click here to choose th

Less: Deduction under RGESS Sec 80CCG (Max Rs. 50,000/-) Less: Deduction under chapter VI A
A. 80 D Medical Insurance premiums (for Self ) B. 80 D Medical Insurance premiums (for Parents) C. 80 E Int Paid on Education Loan D. 80 DD Medical Treatment of handicapped Dependent

0 -30,000

Read more about

15,000 15,000 0 0

tax clculator E. 80DDB Expenditure on Selected Medical Treatment for self/ dependent F. 80G, 80GGA, 80GGC Donation to approved funds G. 80GG For Rent in case of no HRA Component H. 80U For Physically Disable Assesse I. Any other

0 0 0 0 0

0 0 0 0 0 827,360 0 95,472 0 2,864

A Tax Rebate of Rs. 2

Total Income Tax Rebate of Rs. 2,000 (For Income of less than 5 lakhs)
Total Tax Payable

Chapter VI Deduct

Tax Surcharge @ 10% (For Income of more than 1 Crore)
Add; Edn Cess @ 3%

Net Tax Payable
Tax to Total Income Ratio
In case of any queries or doubts please mail at - [email protected]

98,336
9%

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usage is restricted to non commercial use only. Disclaimer: All care has been taken to keep the information upto date and correct and is for educational purpose only. You are encouraged to consult your Tax Advisor before taking any decesion based on this calculator.

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tax clculator

For any Queries write to [email protected]

Fill up only the Orange Cells #####

For Income Tax purpose - only Delhi, Mumbai, Chennai & Kolkatta are considered as metro cities. Noida, Gurgaon etc are Non-metro cities.
You can take Tax Benefit on both HRA & Home Loan. In case of any queries Click here. Interest up to Rs 10,000 in Saving Bank Account is not taxable under Sec 80TTA. So deduct Rs 10,000 while entering interest income from Saving account. All interest received via FD is taxable. This calculator only works for people with one house. The maximum exemption on Home Loan interest is Rs. 1.5 lakhs.

Sec 80EE has been introduced in Budget 2013-14 and is valid for first time home buyers with home purchase under Rs 40 lakh and loan of less than Rs. 25 lakhs . Click here for details.

Click here to Choose the best investment under 80C. Click here to choose the Best Tax Saving Fixed Deposit rates from banks Click here to choose the Best Tax Saving Mutual Funds (ELSS)

Read more about RGESS at Apnaplan.com

Click Here in case of any doubt on Education Loan Tax Exemption
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Education Loan Tax Exemption A Tax Rebate of Rs. 2,000 has been given in Budget 2013 u/s 87A for people with income less than Rs 5 Lakhs Income here means Gross Income Chapter VI Deduction - 80 C Deduction Click for more details

tax clculator

Want to Save more taxes?
Click here to Download a simple presentation on Tax Saving!

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