it 2010 2011 calculation form
TRANSCRIPT
DEARNESS ALLOWANCE
PERIODNew D.A. G.O.Ms.No./Date Imbound Period
From To
DAa 1/1/1996 6/30/1996 0% 0% [162/13-4-1998]
DAb 7/1/1996 12/31/1996 4% 4% [162/13-4-1998]
DAc 1/1/1997 6/30/1997 4% 8% [162/13-4-1998]
DAd 7/1/1997 12/31/1997 5% 13% [162/13-4-1998]
DAe 1/1/1998 6/30/1998 3% 16% [180/24-4-1998]
DAf 7/1/1998 12/31/1998 6% 22% [580/7-10-1998]
DAg 1/1/1999 6/30/1999 10% 32% [217/20-5-1999] 1-4/1999 (4months) 10%
DAh 7/1/1999 12/31/1999 5% 37% [440/8-10-1999] 7-9/1999 (3 months) 5%
DAi 1/1/2000 6/30/2000 1% 38% [257/6-6-2000] 1-5/2000 (5 months) 1%
DAj 7/1/2000 12/31/2000 3% 41% [522/14-11-2000] 7-10/2000 (4 months) 3%
DAk 1/1/2001 6/30/2001 2% 43% [188/26-4-2001] 1-4/2001 (4 months) 2%
DAl 7/1/2001 9/30/2002 2% 45% [525/31-12-2001] 7-12/2001 (6 months) 2%
DAm 10/1/2002 6/30/2003 4% 49% [346/21-01-2002] 10/02 to 06/03 (9 months) 1%
DAn 7/1/2003 1/31/2004 3% 52% [215/27-06-2003]
DAo 2/1/2004 6/30/2004 3% 55% [47/12-02-2004]
DAp 7/1/2004 12/31/2004 4% 59% [537/21-10-2004]
DAq 1/1/2005 3/31/2005 2% 61% [21/19-01-2005]
DAr 4/1/2005 6/30/2005 3% 64% [129/19-01-2005]
DAs 7/1/2005 12/31/2005 3% 67% [272/18-07-2005]
DAt 1/1/2006 6/30/2006 7% 24% 0% [188/17-04-2006]
DAu 7/1/2006 12/31/2006 5% 29% 2% [ 576/14-09-2006]
1/1/2007 6/30/2007 6% 35% 6% [100/28-03-2007]
7/1/2007 12/31/2007 6% 41% 9% [ 437/13-09-2007]
1/1/2008 6/30/2008 6% 47% 12% [107/22-03-2008]
7/1/2008 12/31/2008 7% 54% 16% [491/13-11-2008]
1/1/2009 6/30/2009 10% 64% 22% [111/21-03-2009]
7/1/2008 12/31/2008 9% 73% 27% [470/22-09-2009] [470/22-09-2009- 73% DA]
Formula Code
DA Increase
Rate of D.A.
NAME :
Designation :
Department :
PAN Number: Obligatory for all persons [Penalty 10 Thds]
Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11
Basic Pay 100 100 100 100 100 100 100 100 100 100 100 100
Grade Pay 0 0 0 0 0 0 0 0 0 0 0 0
Dearness Allowance ### ### ### ### ### ### ### ### ### ### ### ###
HRA 0 0 0 0 0 0 0 0 0 0 0 0
CCA 0 0 0 0 0 0 0 0 0 0 0 0
Special Pay 0 0 0 0 0 0 0 0 0 0 0 0
Other Allowance 0 0 0 0 0 0 0 0 0 0 0 0
DA percentage ### ### ### #VALUE! ### ### ### ### ### ### ### ###
SLS - 1,4,7,10,11 10
GPF 0 0 0 0 0 0 0 0 0 0 0 0
I.T. 0 0 0 0 0 0 0 0 0 0 0 0
SPF 2000 0
HBA-Principal-I 0
HBA-Principal-II 0
HBA-FBF 0
0
HRA - Exemption if any 0 0
LIC / CTD / PLI - Salary Deduction [Month-wise Amount 0
LIC - Paid by individual [Total Amount] 0
IT Paid [Monthly] 0
Deductions under Chapter VI-A
(a) 80-C (v) Tuition Fees (Two child only) 0
0
(b) 80-CCC Annuity Plan for LIC for receiving Pension 0
(c) 80-CCD Contribution to New Pension Schemes 0
(e) 80-D Insurance on Health 0
(f) 80-DD Expediture for Medical Treatment 0
(g) 80-E Repayment of interest on loan taken for higher eduation 0
(h) 80-G Donations made for charitable purposes [CMPRF] 0
(i) 80-U Person with disability 0
0
HBA-Interest [Before 1-4-99 Max.30,000/-]
(a) 80-C (vI) Subscription to Equity Shares / Debentures or Units of Infrastructure Sector-
Tax paid by the employer on behalf of employee
Name : 0
Designation : 0
Department : 0 PAN No. :
Month
EARNINGS DEDUCTIONS
PP G.P. DA HRA CCA SP/OA TOTAL GPF P.T. HBA TOTAL
Mar-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Apl-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
May-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
June-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
July-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Aug-2010 100 0 0 ### 0 0 0 ### 0 55 ### 0 0 0 ###
Sep-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Oct-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Nov-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Dec-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Jan-2011 100 0 0 ### 0 0 0 ### 0 55 ### 0 0 0 ###
Feb-2011 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
50 0 0 ### 0 0 0 ###
DA-Arr-I ### ###
DA-Arr-II ### ###
PCA_FI 0 0
Pay Arr. 0 0
Bonus 1000 1000
0 0
TOTAL 1250 0 0 ### 0 0 1000 ### 0 660 ### 0 0 0 ###
ABSTRACT
EARNINGS DEDUCTIONS
Basic Pay : 1,250 0 : G.P.F. Subscription
Personal Pay : 0 660 : FBF+SPF+HF+HBA FBF
Dearness Pay : 0 #VALUE! : P.T.
Dearness Allowance : #VALUE! 0 : HBA Repayment
House Rent Allowance : 0 0 : LIC - Salary Deduction
City Compensatory Allowance : 0 0 : IT Paid
Special Pay/Other Allowance : 1,000 0 : CMPRF
TOAL - Earnings : #VALUE! #VALUE! : TOTAL - Deductions
Pay in PB
FBFSPFHF
HBAFBF
LIC / CTD /PLI
ITpaid
SLS[15 days
INCOME TAX STATEMENT FOR THE FINANCIAL YEAR 2010-2011
P.T.O.
DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED
1. GROSS SALARY #VALUE!
2. LESS (a)
(a) Actual amount of HRA received 0
(b) Expenditure of rent in excess of 10% of salary (including DA)
(c) 50% of salary (including DA) [Metropolitan Cities]
(d) 50% of salary (including DA) [Other Cities]
[whichever is least among c & d]
03. Balance [1-2] #VALUE!
4. DEDUCTIONS under Section 16
(a) Entertainment allowance 0
(b) Tax on Employment [PT] #VALUE!
#VALUE!
Income from house property Annual value NilLESS: Interest payable on loan u/s 24 0
[Loss from House property [Max. Rs.30,000/- before 1-4-99 After Rs.1.5 lakhs] 0 #VALUE!
5. #VALUE!
6. ADD Any other income reported by the employee 0(a) Income under the head 'Income from House Property
(b) Income under the head 'Income from Other Sources'
(c) Total of (a) + (b) above
7. GROSS TOTAL INCOME [(5) + (6)] #VALUE!
8. Deductions under Chapter VI-A G. Amt. Q. Amt. D. Amt.
(a) 80-C Entitled to deductions for the whole of amounts paid or deposited 660 1,00,000
(i) G.P.F. 0
(ii) SPF + SPF + HF + HBAFBF 660
(iii) H.B.A. (Principal) 0
(iv) Insurance Premium / CTD / PLI 0
(v) Tuition Fees (Restricted to two children) 0
(vi) Subscription to Equity Shares / Debentures or Units of Infrastructure Sector- 0
(b) 80-CCC Annuity Plan of LIC/Others for receiving pension 0 10,000
(c) 80-CCD 0 10% Salary
(d) 80-CCE TOTAL of 80C + 80CCC + 80CCD [Limited to Rs.1,00,000/-] ,,660
Investment in long-term infrastructure bonds as notified by the Central Govt. 0 20,000 0
(e) 80-D 0 15,000 0
(f) 80-DD Expenditure for medical treatment, being a person with disability 0 50,000 0
(g) 80-E 0 0 0
(h) 80-G 0 0
(i) 80-U 0 50,000 0
9. TOTAL AMOUNT IN CHAPTER VI-A ,,660
10. #VALUE!
11. Tax on Total Income(1) On the First Rs.1,60,000/- Nil
(2) On the Next Rs.1,60,001 to Rs.5,00,000/- [10%] #VALUE! #VALUE!
(3) On the Next Rs.5,00,001 to Rs.8,00,000/- [20%] #VALUE! #VALUE!
(4) Exceeding Rs.8,00,000/- [30%] #VALUE! #VALUE!
12. Tax payable on Total Income (11) #VALUE!
#VALUE! [where Total Income exceeds Rs.10,00,000/-]
#VALUE!
13. TOTAL TAX PAYABLE FOR 2010-2011 #VALUE!
Should be rounded off to the nearest multiple of ten rupees. #VALUE!14. LESS : (a) Tax deductioned at source under section 192(1) 0
(b) Tax paid by the employer on behalf of employee 0 0
15. Tax Payable / Refundable (13-14) #VALUE!
Allowance to the extent exempt u/s 10 [WHICHER IS LESS]
H.R.A. exempt u/s 10 (13A) [WHICHER IS LESS]
AGGREGATE OF 4(a) to (b)
Income chargeable under the head 'Salaries' [GROSS TOTAL INCOME]
Contribution to New Pension Scheme [Limited to 10% of Salary]
Medical Insurance Premium [dependent also] [Senior Citizen = Rs.20,000]
Repayment of interest on loan taken for higher education for the purpose of pursuing his higher education or his spouse or children.
Donations made for charitable purposes [CMPRF=100%; Other=50%]
Person with disability [Severe disability = Rs.75,000/-]
TOTAL INCOME [8-9] (NET TAXABLE INCOME)
ADD : Surcharge @ 10% on Net Income Tax
ADD : Education Cess on IT @ 3% of IT and Surcharge
()
Name : 0
Designation : 0
Department : 0 PAN No. :
Month
EARNINGS DEDUCTIONS
PP DA HRA CCA SP/OA TOTAL GPF HBA TOTAL
Mar-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Apl-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
May-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
June-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
July-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Aug-2010 100 0 0 ### 0 0 0 ### 0 55 ### 0 0 0 ###
Sep-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Oct-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Nov-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Dec-2010 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
Jan-2011 100 0 0 ### 0 0 0 ### 0 55 ### 0 0 0 ###
Feb-2011 100 0 0 ### 0 0 0 ### 0 55 0 0 0 55
50 0 0 ### 0 0 0 ###
DA-Arr-I ### ###
DA-Arr-II ### ###
PCA_FI 0 0
Pay Arr. 0 0
Bonus 1000 1000
0 0
TOTAL 1250 0 0 ### 0 0 1000 ### 0 660 ### 0 0 0 ###
ABSTRACT
EARNINGS DEDUCTIONS
Basic Pay : 1,250 0 : G.P.F. Subscription
Personal Pay : 0 660 : FBF+SPF+HF+HBA FBF
Dearness Pay : 0 #VALUE! : P.T.
Dearness Allowance : #VALUE! 0 : HBA Repayment
House Rent Allowance : 0 0 : LIC - Salary Deduction
City Compensatory Allowance : 0 0 : IT Paid
Special Pay/Other Allowance : 1,000 0 : CMPRF
TOAL - Earnings : #VALUE! #VALUE! : TOTAL - Deductions
Basic Pay /
Pay in PB
D.P./
G.P.
FBFSPFHF
HBAFBF
P.T
.C
MP
RF LIC /
CTD /PLI
ITpaid
SLS[15 days]
INCOME TAX STATEMENT FOR THE FINANCIAL YEAR 2010-2011
P.T.O.
DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED
1. GROSS SALARY #VALUE!
2. LESS (a)
(a) Actual amount of HRA received 0
(b) Expenditure of rent in excess of 10% of salary (including DA)
(c) 50% of salary (including DA) [Metropolitan Cities]
(d) 50% of salary (including DA) [Other Cities]
[whichever is least among c & d]
03. Balance [1-2] #VALUE!
4. DEDUCTIONS under Section 16
(a) Entertainment allowance 0
(b) Tax on Employment [PT] #VALUE!
#VALUE!
Income from house property Annual value NilLESS: Interest payable on loan u/s 24 0
[Loss from House property [Max. Rs.30,000/- before 1-4-99 After Rs.1.5 lakhs] 0 #VALUE!
5. #VALUE!
6. ADD Any other income reported by the employee 0(a) Income under the head 'Income from House Property
(b) Income under the head 'Income from Other Sources'
(c) Total of (a) + (b) above
7. GROSS TOTAL INCOME [(5) + (6)] #VALUE!
8. Deductions under Chapter VI-A G. Amt. Q. Amt. D. Amt.
(a) 80-C Entitled to deductions for the whole of amounts paid or deposited 660 1,00,000
(i) G.P.F. 0
(ii) SPF + SPF + HF + HBAFBF 660
(iii) H.B.A. (Principal) 0
(iv) Insurance Premium / CTD / PLI 0
(v) Tuition Fees (Restricted to two children) 0
(vi) Subscription to Equity Shares / Debentures or Units of Infrastructure Sector- 0
(b) 80-CCC Annuity Plan of LIC/Others for receiving pension 0 10,000
(c) 80-CCD 0 10% Salary
(d) 80-CCE TOTAL of 80C + 80CCC + 80CCD [Limited to Rs.1,00,000/-] 660
Investment in long-term infrastructure bonds as notified by the Central Govt. 0 20,000 0
(e) 80-D 0 15,000 0
(f) 80-DD Expenditure for medical treatment, being a person with disability 0 50,000 0
(g) 80-E Repayment of interest on loan taken for higher education for an assessee 0 10,000 0
(h) 80-G 0 0
(i) 80-U 0 50,000 0
9. TOTAL AMOUNT IN CHAPTER VI-A 660
10. #VALUE!
11. Tax on Total Income(1) On the First Rs.1,90,000/- Nil
(2) On the Next Rs.1,90,001 to Rs.5,00,000/- [10%] #VALUE! #VALUE!
(3) On the Next Rs.5,00,001 to Rs.8,00,000/- [20%] #VALUE! #VALUE!
(4) Exceeding Rs.8,00,000/- [30%] #VALUE! #VALUE!
12. Tax payable on Total Income (11) #VALUE!
#VALUE! [where Total Income exceeds Rs.10,00,000/-]
#VALUE!
13. TOTAL TAX PAYABLE FOR 2010-2011 #VALUE!
Should be rounded off to the nearest multiple of ten rupees. #VALUE!14. LESS : (a) Tax deductioned at source under section 192(1) 0
(b) Tax paid by the employer on behalf of employee 0 0
15. Tax Payable / Refundable (13-14) #VALUE!
Allowance to the extent exempt u/s 10 [WHICHER IS LESS]
H.R.A. exempt u/s 10 (13A) [WHICHER IS LESS]
AGGREGATE OF 4(a) to (b)
Income chargeable under the head 'Salaries' [GROSS TOTAL INCOME]
Contribution to New Pension Scheme [Limited to 10% of Salary]
Medical Insurance Premium [dependent also] [Senior Citizen = Rs.20,000]
Donations made for charitable purposes [CMPRF=100%; Other=50%]
Person with disability [Severe disability = Rs.75,000/-]
TOTAL INCOME [8-9] (NET TAXABLE INCOME)
ADD : Surcharge @ 10% on Net Income Tax
ADD : Education Cess on IT @ 3% of IT and Surcharge
()
FORM NO.16[(See Rule 31(1)(a) of the Income Tax RulesÏ 1962]
Name and address of the Employer Name and address of the Employee0
0 0
0
PAN / GIR NO. TAN PAN / GIR NO.
Period Assessment Year
From To
01-03-2010 2/28/2011 2011-2012
DETAILS OF SALARY PAID AND ANY OTHER INCOME AND TAX DEDUCTED
1. Gross Salary
(a) Salary as per provisions contained in Sec.17(1) #VALUE!
Rs.________
Rs.________
(d) Total Rs.________
2. Less: Allowance to the extent under section 10 Rs.________
Rs.________
3. Balance (1-2) Rs.________
4. Deductions:
(a) Standard Deduction Rs.________
(b) Entertainment Allowance Rs.________
(c) Tax on Employment Rs.________
5. Aggregate of 4 (a to c) Rs.________
6. Income chargeable under the Head 'Salaries' (3-5) Rs.________
7. ADD: Any other Income reported by the employee Rs.________
Rs.________
8. Gross Total Income (6+7) Rs.________
9.
(a) Section 80C Rs.________ Rs.________
(i) Rs.________ Rs.________
(ii) Rs.________ Rs.________
(iii) Rs.________ Rs.________
(b) Section 80CCC Rs.________ Rs.________
(c) Section 80CCD Rs.________ Rs.________
Certificate under section 203 of the Income Tax Act, 1961 for tax deducted at source from income chargeable under the head "Salaries"
TDS Circle where Annual Return / Statement under section 206 is to be filed
(b) Value of perquisites u/s 17(2) (as per Form No.12BA, wherever applicable
(c) Profits in lieu of salary under Section 17(3) (as per Form No.12BA, wherever applicable)
Deductions under Chapter VI-A(A) Section 80C, 80CCC and 80CCD
GrossAmount
DeductibleAmount
Note: 1. Aggregate amount deductible under Section 80C shall not exceed one lakh rupees. 2. Aggregate amount deductible under the three Sections, i.e., 80C, 80CCC and 80CCD, shall not exceed one lakh rupees.
-2-
(a) Rs.________ Rs.________ Rs.________
(b) Rs.________ Rs.________ Rs.________
(c) Rs.________ Rs.________ Rs.________
(d) Rs.________ Rs.________ Rs.________
(e) Rs.________ Rs.________ Rs.________
10. Aggregate of deductible amount under Chapter VI-A Rs.________
11. Total Income (8-10) Rs.________
12. Tax on Total Income Rs.________
13. Surcharge (on tax computed as S.No.12) Rs.________
14. Rs.________
15. Tax Payable (12+13+14) Rs.________
16. Relief under Section 89 (attach details) Rs.________
17. Tax Payable/Refundable (15-16) Rs.________
18.
Details of Tax Deducted and Deposited into Central Government Account
BSR Code of Bank branch
Signature of the person responsible for deduction of tax
Place: Full Name: ________________________
(B) OTHER SECTIONS (for e.g. 80E, 80G etc.) UNDER CHAPTER VI-A
GrossAmount
QualifyingAmount
DeductibleAmount
Education Cess(on tax at S.No.12 and surcharge at S.No.13)
Less: (a) Tax deducted at source u/s 192(1) (b) Tax paid by the employer on behalf of the employee u/s 192(1A) on perquisites u/s 17(2)
Rs.________
Rs.________
Sl.No.
TDSRs.
SurchargeRs.
Education CessRs.
TOTAL tax deposited
Rs.
Cheque / DD No.
(if nay)
Date on which tax deposited (dd/mm/yy)
Transfervoucher/Challan Identification No.
I ...................................................... son of ..................................... working in the capacity of .............................. (designation) do hereby certify that a sum of Rs................. (Rupees ...............................(in words) has been deducted at source and paid to the credit of the Central Government. I further certified that the information given above is true and correct based on the book of accounts, documents and other available records.
Date : Designation:_______________________
00
H.B.A. for Construction : Rs.0,00,000/-
Differential Rates of Interest on Slab System:
i) for the part of the advance which is upto Rs.50,000/- 7.50
ii) 9.00
iii) 11.00
12.00
13.00
Principal Balance as on 1-03-2009 Rs.0,00,000/-
Month (5%) (6.5%) (8.5%)
1 2010 March2 2010 April
3 2010 May4 2010 June5 2010 July6 2010 Aug.7 2010 Sept.8 2010 Oct.9 2010 Nov.10 2010 Dec.11 2011 Jan.12 2011 Feb.
0 0 0 0 0
0 x 7.5 / 12 x 100 = -
0 x 9 / 12 x 100 = -
0 x 11 / 12 x 100 = -
0 x 12 / 12 x 100 = -
0 x 13 / 12 x 100 = -
-
for the part of the advance which exceeds Rs.50,001/- but does not exceed Rs.1,50,000/-
for the part of the advance which exceeds Rs.1,50,001/- butdoes not exceed Rs.4,00,000/-
Total [1-12]
CALCULATION OF H.B.A. INTEREST2010-2011