Income Tax Declaration Form for the Financial Year 2006-07
Name: Karthikeyan T Location: Chennai
Emp No: 1056 PAN No:
DOJ: 2/6/2003 Gender: Male
Exemptions under Section 10 & 17 Employee's Declaration Value of Proof / Bills Produced
House Rent Paid (Sec 10 (13A)) 12,000.00
Medical Bills Exemption (Sec 17(2)) 15,000.00
Children's Education Allowance Exemption (Sec 10 (14))
LTA Exemption (Sec 10(5))
Vehicle Maintenance (Petrol / Maint. Bills) (Sec 10 (14))
Total 27,000.00 -
Other Income
House / Property Income or Loss (Enter Loss as Negative)
Interest on Housing Loan (for Tax Exemption)
Other Income (Interest, etc.)
Deductions under Chapter VI-A - -
Medical Insurance Premium (Sec 80D)
Medical for Handicapped Dependents (Sec 80DD)
Medical for Specified Diseases (Sec 80DDB)
Higher Education Loan Interest Repayment (Sec 80E)
Donation to Approved Fund and Charities (Sec 80G)
Rent Deduction (Sec 80GG) only if HRA Not Received
Deduction for Permanent Disability (80U)
Any Other Deductions
Total - -
Deductions under Chapter VI (Sec 80C)
Deduction under Pension Scheme (Sec 80C)
NSC (Sec 80C)
Public Provident Fund (Sec 80C)
Employees Provident Fund & Voluntary PF (Sec 80C)
Children's Education (Sec 80C)
Housing Loan Principal Repayment (Sec 80C)
Insurance Premium (Sec 80C) 6,060.00
Infrastructure Bonds & others (MF, ULIP, etc.) (Sec 80C)
Total Investments 6,060.00 -
I _______________________________________________ do hereby declare that what is stated above is true to the best of my
knowledge and belief.
Date: Signature:
(Sample Calculator for information Only)
Income Tax Calculator FY 2023-24 (AY 2024-2
Head Description
Gross Salary and Other Income
NPS Employer contribution
u/s 80 CCD (2)
Standard Deduction Allowed
Taxable Income
Tax Slab Slab Income
Male, Female, Sr. Citizen>60, Very Sr.
Income Tax Payee Type
Citizen>80 - No Diffrence in Tax Slab
400,000 400,000
800,000 400,000
1,200,000 400,000
1,600,000 400,000
2,000,000 364,528
2,400,000 -
2400000+ -
Tax on Total Income
Surcharge 0% on Tax if Income > Rs 50 lakhs <Rs 1 Crore
Surcharge 15% on Tax if Income > Rs 1 Crore
Tax with Surcharge
Tax Credit Upto Rs. 32500 if Taxable Income < Rs. 7 lakhs
Tax with Surcharge less
Rebate, if any
Education Cess
Tax Liability with Cess
)
nly
4 (AY 2024-25)
Amount in Rs.
2,200,000
160,472
75,000
1,964,528
Tax Rate Tax Amount
Male
0% -
5% 20,000
10% 40,000
15% 60,000
20% 72,906
25% -
30% -
Output 192,906
10% -
15% -
Output 192,906
Output -
Output 192,906
4% 7,716
Output 200,622
(Sample Calculator for information Only)
Income Tax Calculator FY 2023-24 (AY 2024-2
Head Description
Gross Salary and Other Income
NPS Employer contribution
u/s 80 CCD (2)
Standard Deduction Allowed
Taxable Income
Tax Slab Slab Income
Male, Female, Sr. Citizen>60, Very Sr.
Income Tax Payee Type
Citizen>80 - No Diffrence in Tax Slab
300,000 300,000
600,000 300,000
900,000 300,000
1,200,000 300,000
1,500,000 300,000
1,500,000 -
15,00,000+ 489,528
Tax on Total Income
Surcharge 0% on Tax if Income > Rs 50 lakhs <Rs 1 Crore
Surcharge 15% on Tax if Income > Rs 1 Crore
Tax with Surcharge
Tax Credit Upto Rs. 32500 if Taxable Income < Rs. 7 lakhs
Tax with Surcharge less
Rebate, if any
Education Cess
Tax Liability with Cess
)
nly
4 (AY 2024-25)
Amount in Rs.
2,200,000
160,472
50,000
1,989,528
Tax Rate Tax Amount
Male
0% -
5% 15,000
10% 30,000
15% 45,000
20% 60,000
25% -
30% 146,858
Output 296,858
10% -
15% -
Output 296,858
Output -
Output 296,858
4% 11,874
Output 308,733
(Sample Calculator for information Onl
Income Tax Calculator FY 2023-24 (AY 202
Head
Gross Income
NPS Employer contribution
u/s 80 CCD (2)
CEA
Exemptions u/s 10 A
Professional Tax
Net Income under Salaries
Standard Deduction
Deductions u/s 80 C
Deductions u/s 80 CCD
(1B)
Deductions u/s 80 D
Deductions u/s 80 G
Deductions u/s 80 E
Deductions u/s 80 TTA
Tax Benefit u/s 24
Total Deductions/Benefits
Taxable Income
Tax Slab
Income Tax Payee Type
300,000
500,000
1,000,000
10,00,000+
Tax on Total Income
Surcharge
Surcharge
Tax with Surcharge
Tax Credit
Tax with Surcharge less
Rebate, if any
Education Cess
Tax Liability with Cess
mple Calculator for information Only)
Tax Calculator FY 2023-24 (AY 2024-25)
Description Amount in Rs.
Salary and Other Income 2,835,000
160,472
Max Rs.1200 /- p.a. per child -
HRA , Convenyance etc 110,000
Professional Tax (Max. Rs..2500 /-) -
Gross Income - Exemptions 2,564,528
Salaried Individual & Pensionar (Up to 50000
50,000
Rs.)
Investments in PF, PPF, Ins, ELSS, NPS etc 150,000
Investments in NPS (Maximum limit 50,000) 50,000
Medical Insurance Premium (Self, Parents) 20,000
Eligible Donations -
Interest Paid on Education Loan -
Interest Received on Fixed Deposit/Post Office FD -
Interest Paid On Home Loan
Total Deductions/Benefits 270,000
Taxable Income 2,294,528
Slab Income Tax Rate Tax Amount
Male, Female, Sr. Citizen>60, Very Sr. Senior
Citizen>80 Citizens
300,000 0% -
200,000 5% 10,000
500,000 20% 100,000
1,294,528 30% 388,358
Output 498,358
% on Tax if Income > Rs 50 lakhs <Rs 1 Crore 10% -
15% on Tax if Income > Rs 1 Crore 15% -
Output 498,358
Upto Rs. 12500 if Taxable Income < Rs. 5 lakhs Output -
Output 498,358
4% 19,934
Output 518,293
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