Dear Members, I am sending the Tax Calculation Sheet in Excel Format for 2008-2009. I think is is useful to all. Regards, Rapolu HS
From India, Hyderabad
7From India, Hyderabad
Hi, Thanks it is really helpful. I used it But plz clarify where to put gratuity and Ex-Gratia in the calulation chart. Also, what is to be done of PF contribution of employer? Thanks Rajneet
From India, Bangalore
From India, Bangalore
Dear Ranjeet,
sorry for the delay in reply.
The Tax Calculation Sheet meant for current Financial Year 2008-2009. While calculating the Tax Income Gratuity is not covered. If you are receiving the Ex-Gratia on monthly basis or Annually you can put that amount in Misc Column and arrive your Taxable Income.
Regards,
Rapolu HS
From India, Hyderabad
sorry for the delay in reply.
The Tax Calculation Sheet meant for current Financial Year 2008-2009. While calculating the Tax Income Gratuity is not covered. If you are receiving the Ex-Gratia on monthly basis or Annually you can put that amount in Misc Column and arrive your Taxable Income.
Regards,
Rapolu HS
From India, Hyderabad
Hi.....really very helpful to me as it covers everything including my loan factor..really very good contribution indeed. Regards, Ketul Shah.
From India, New+Delhi
From India, New+Delhi
Hi,
Can anybody clarify the below:
1. Eligibility of Tution Fees:
A. Child as well as wife
B. For Child: Tution Fees includes the computer fees?
2. Documents for allowing the deduction for Education Loan interest repayment
3. Where the insurance policy premium paid through the credit card; such credit card statement along with the policy cover note can be accepted as an evidence of premium paid?
4. Is there any additional document, where the medical reimbursements are to be given, is required apart from the medical bills. Are these includes the medical tests?
Please respond on priority basis as we have to sattle the TDS Issues.
Anurag Jain
From India, Jaipur
Can anybody clarify the below:
1. Eligibility of Tution Fees:
A. Child as well as wife
B. For Child: Tution Fees includes the computer fees?
2. Documents for allowing the deduction for Education Loan interest repayment
3. Where the insurance policy premium paid through the credit card; such credit card statement along with the policy cover note can be accepted as an evidence of premium paid?
4. Is there any additional document, where the medical reimbursements are to be given, is required apart from the medical bills. Are these includes the medical tests?
Please respond on priority basis as we have to sattle the TDS Issues.
Anurag Jain
From India, Jaipur
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EMPLOYEE SALARY INCOME TAX CALCULATION.xls x