copy of it-calculator
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Assessment Year: 2013-14 Category: Do1 Income from House Property (Detai attac!e"#
2 Income from $usiness or Profession (Detai attac!e"#
3 Income from Capita %ains
under Normal Rates -
under Chargeable at Special Rates @ 15% -
under Chargeable at Special Rates @ 20% -4 Income from &t!er 'ources (Detai attac!e"#
)ota (1*2*3*4#
+ ,osses of current year to e set o. against )ota i/e/ point no:
$aance after set o. curent year oss (Point o: -+#
$roug!t forar" ,osses of earier preious year to e set o. againt point no:
5 %ross )ota Income (%)I# (Point no: -#
10 De"uction un"er c!apter 6IA (from u7s 0C to 08#
11 )ota Income (5-10#
Computation of )a9 ,iaiity on )ota Income12 )a9 Payae un"er A) u7s 11;$ (incu"ing 'urc!arge < Cess#
13 )a9 Payae on )ota Income
(a) Ta !a"able under Normal Rate
(b) Ta !a"able under Special Rates
14 Surcharge @5% on !oint No# 1$
1 Cess &igher Secondar" Cess @ $% on point no# (1$'1)
1+ )ota )a9 Payae on )ota Income un"er orma Proision
1 %ross )a9 ,iaiity (Hig!er eteen point no: 12 < 1+#
1 A) Cre"it u7s 11;AA
15 )a9 payae after cre"it u7s 11;AA (Point o: 1-1#
20 )a9 =eief u7s 50750A751> if any
21 et )a9 ,iaiity (Point o: 15-20#
22 Interest u7s 234A7 234$7 234C (if any#
23 Aggregate ,iaiity (=oun"e" o. u7s 2A# (Point o: 21*22#
24 )a9es Pai"
(a) d*ance Ta +
(b) T,S +
(c) TCS +
(d) Sel- ssessment Ta +
(e# )ota )a9es Pai"
2 Amount of )a9 Payae7 (=efun"# ?Point o: 23 - 24(e#@
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'/ o/ Income from House PropertyProperty use"
1 .ross nnual /alue
2 Ta paid to ocal uthorities
3 et Annua 6aue (1-2#
4 De"uction u7s 24:
(i) Standard ,eduction @ $0% us 2 (a) +
(ii) nterest on borro3ing us 2 (b) +
Income un"er t!e !ea" of House Property (3-4i-4ii#
'/ o/ Income from $usiness or Profession1 Prot $efore )a9 as per Prot < ,oss Account (P$)#2
4 !rot oss -rom Speculati*e business included in !oint No# 1 (+*e in case o- oss)6 i- an" +
+
3 +
4 nterest Receipts credited to !rot oss c (include in No4 1)6 3hich is eempt6 i- an"#
() Share o- ncome o- rm(s) +
(7) Share o- ncome o- 8!78 +
(C) n" 8ther eempt ncome +
(,) Total 9empt mount ('7'C) -
$aance (1-2A-2$-3-4D#
+ 9penses debited to !rot oss c considered under other heads o- ncome6 i- an" +
9penses debited to !rot oss c 3hich relates to 9empt ncome6 i- an" +
A"Buste" Prot or ,oss (*+*#
5 ,epreciation as per Companies ct6 1:5; (i- consider this into ! c4 +10 ,epreciation us $2 as per ncome Ta ct6 1:;14 +
11 Prot or ,oss after a"Bustment for Depreciation (*5-10#
12 +
13 nterest ,isallo3able us 2$ o-
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2 ,eductions in accordance 3ith Section 2= to , +
2 Prot or ,oss from 'pecuatie $usiness
25 Net !rot or oss -rom Specied 7usiness as per ! c
30 dditions in accordance 3ith Section 2= to , +
31 ,eductions in accordance 3ith Section 2= to , (other than deduction us $5,) +
32 ,eduction in accordance 3ith us $5, +
32 Prot or ,oss from 'pecie" $usiness
33 Income un"er t!e !ea" of $usiness or Profession (24*2*32#
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'/ o/ Income from &t!er 'ources1 Income ot!er t!an from oing race !orse(s#:-
(a) ,i*idend6 nterest6 Rental ncome (-rom !lant6 7uildings etc) 8thers ncome +
(b) ,eduction under section 5> (9penses ,epreciation) +
2 inning from Crossor" pue> otteries> races etc/
3 Income from &t!er 'ources (ot!er t!an from oing race !orses# E?1(a#-1(#@*2F
4 Income from oing < maintaining race !orse(s#:-
(a) Receipts +
(b) ,eduction under section 5> in relation to () +
Income from oing < maintaining race !orses ?4(a#-4(#@
+ Income un"er t!e !ea" of &t!er 'ources (3*#
Cacuation of $ooG Prot
'/ o/ Amount (=s/#
$aance in Prot an" ,oss Account (Prot after )a9#
A"":-
1 Income )a9:
Current Ta (including 9ducation Cess and nterest !aid) +
!ro*ision -or ,e-erred Ta ,e-erred iabilit" +
2 Agricutura 9penses> if any +
3 +
4 Deferre" )a9> if any +
Proision for Diminuition in 6aue of Asset> if any +
+ &t!ers> if any +
,ess:-
+hence to be deducted no3)
Prot on 'ae of i9e" Assets> if any +
(not eligible -or deduction6 since not specicall" mentioned under the deductible
items o- Section 115?74 &o3e*er6 i- an" amount 3ithin this is eempt us 106 then
deductible to that etent)
5 Agricutura Income ?9empt un"er 'ection 10(1#@> if any +
10 Amount it!"ran from =eauation =esere> if any +
(to the etent o- ,epreciation Charged on Re*alued mount)
11 ,oer of ooing (if any#:
(a) 7oo 7usiness oss (earlier pre*ious "ear) +
(b) 7oo 7oo Anabsorbed ,epreciation (earlier pre*ious "ear) +
12 &t!ers> if any +Amount of $ooG Prot:
Cacuation of A) Cre"it Carry orar" (if any#'/ o/ Amount (=s/#
1 if any (assumed not allo3ed 3hile calculating 7oo !rot6
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4 Ta iabilit" be-ore considering
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Cacuation of inimum Aternate )a9:
'/o/ Amount
Ta @ 1=450% on 7oo !rot +
dd#+ Surcharge @5% (i- 7oo prot eceeds 1 Crore) +
dd#+ 9ducation &igher Secondar" Cess @ $% +inimum Aternate )a9 ,iaiity: -
)a9 at 'pecia =ate =ate
Capital .ain under Special Rate @ 15% 15%
Capital .ain under Special Rate @ 20% 20%
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Amount (J#
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Amount (J#
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