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%



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



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



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



f a revenue or

ay, payment in

cost of living,

f employment;by thece of the



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



Marginal Relief

Rate Amount

20 550000 Upto

30 1050000 Upto

40 2250000 Upto

50 4550000 Upto60 4550000 Exceed

salary tax calculator 2010-2011

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