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
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7From India, Hyderabad
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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
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From India, Bangalore
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Dear Ranjeet,
Sorry for the delay in replying.
The Tax Calculation Sheet is meant for the current Financial Year 2008-2009. While calculating the Tax, Income Gratuity is not covered. If you are receiving the Ex-Gratia on a monthly basis or annually, you can put that amount in the Misc Column and arrive at your Taxable Income.
Regards, Rapolu HS
From India, Hyderabad
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Sorry for the delay in replying.
The Tax Calculation Sheet is meant for the current Financial Year 2008-2009. While calculating the Tax, Income Gratuity is not covered. If you are receiving the Ex-Gratia on a monthly basis or annually, you can put that amount in the Misc Column and arrive at your Taxable Income.
Regards, Rapolu HS
From India, Hyderabad
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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
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From India, New+Delhi
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Hi,
Can anybody clarify the below:
1. Eligibility of Tuition Fees:
A. Child as well as wife
B. For Child: Tuition Fees include the computer fees?
2. Documents for allowing the deduction for Education Loan interest repayment
3. Can the insurance policy premium paid through the credit card be accepted as evidence of premium paid if submitted along with the policy cover note?
4. Is any additional document required, apart from medical bills, for medical reimbursements? Does this include medical tests?
Please respond on a priority basis as we have to settle the TDS issues.
Anurag Jain
From India, Jaipur
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Can anybody clarify the below:
1. Eligibility of Tuition Fees:
A. Child as well as wife
B. For Child: Tuition Fees include the computer fees?
2. Documents for allowing the deduction for Education Loan interest repayment
3. Can the insurance policy premium paid through the credit card be accepted as evidence of premium paid if submitted along with the policy cover note?
4. Is any additional document required, apart from medical bills, for medical reimbursements? Does this include medical tests?
Please respond on a priority basis as we have to settle the TDS issues.
Anurag Jain
From India, Jaipur
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
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