Tax Calculator Version 7T 2012 13

D.O.B 00/00/000

for the Financial Yr 2012-13, Assessment yr 2013-14 ASSESSE MALE

NAME : PAN

ADDRESS :

1. Gross Annual Income/Salary 0

2. Less: Allowances exempt u/s 10 0

3. Income under the head salaries 0

4. Add: Any other income from other sources 0

a. Bank/Post Office (Saving A/C ) 0 b. Bank FD/REC 0

c. N.S.C. (accrued/ Recd ) 0

c. Post Office M.I.S (6 yrs.) 0

d. Post Office Recurring Deposit (5 yrs.) 0

e. Term Deposit (1 to 5 yrs.) 0

f. Saving Bonds (6yrs.) 0

2. Any Other Income 0

3. Any Other Income 0

5. Income from house property #VALUE!

6. Gross Total Income #VALUE!

7. Less: Deduction under chapter VI A #VALUE!0

1. PF & VPF Contribution 0 2. Life Insurance/ ULIP premiums 0 3. PPF a/c Contribution 0 4. N.S.C (Investment +accrued Int first five year) 0 5. Housing. Loan Principal Repayment/ Regn / Stamp Duty 0 6. Tuition fees for 2 children 0 7. E.L.S.S ( Mutual Fund ) 0 8. FD (5 Years and above) 0 9. Senior Citizen Saving Scheme 0 10. 80CCC - Pension Plan 0 11. 80CCD - New Pension Sheme ( Employee/ Self Employed Contri 0 12. 80CCF -Tax Savings Infrastructure Bonds 0

a2. 80CCD - New Pension Sheme ( Employer Contribution) 0

a3. 80CCG - Rajiv Gandhi Equity Scheme ### b 1. 80 D - Medical Insurance premiums (for Self ) 0 b 2. 80 D - Medical Insurance premiums (for Parents) 0 0 c. 80 E - Int Paid on Education Loan 0 d. 80G - Donation to approved fund 0 e. 80TTE- Interest received in Saving Account 0 f. Any other Deduction U/S 80 A-U 0 8. Total Income Trial Version Expired 9. Total Taxable Income (Round off to nearest 10 rupees) Trial Version Expired 10. Tax on Total Income #VALUE! 11. Add; Edn Cess @ 3% Trial Version Expired

n for personal use,Valid upto 15/08/2013 13. Tax Deduction at Source equire original Version, Kindly subscribe

14. Balance Tax Payablebe kindly see the request

COMPUTATION SHEET OF INCOME TAX

PHONE : Email id-

1. Interest received from following Investments

a1. Less: Deduction under Sec 80CCE

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Income Tax Calculator by B.P.Choudhary (Tax Consultant)

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This Calculator is Very Simple & Easy to be use by a common Individual to compute the Tax for Salaried/Business or Profession Person

Easy to understand with all latest rules & regulation and similar as form 16.

You can Calculate your Income Tax in Calculation Sheet & print the Working Sheet.

Follow theTax Rules & Informations (where applicable). Following linked ready reaconer is for your reference.

Income Tax Calculator by B.P.Choudhary (Tax Consultant)

INFORMATION and RULES for(Rates,Deductions,Exemption etc.) with brief detail of every rule ( Like a Mini Ready Reconer)

Latest Version 7.1 for the Financial year 2012- 13, ASSESSMENT YEAR 2013-14 . This Tax Calculator will help you to calculate the estimated tax payable. If you find any inconsistency, correction or amendments, please let me know, I will try to fix it at the earliest Please send a detailed e-mail at [email protected]

REGARD - B.P.CHOUDHARY, 1577 SECTOR - 5, R.K.PURAM, NEW DELHI-110022 Ph : 9811302497, 9211125587

Once you enter the amount in the white blank cells. Other cells in Calculation & Computation Sheets will calculate data & Tax automatically.

Tax Rates for Financial-Year 2012-13, Assessment Year 2013-2014

Some Exempted Receipts / Special allowances & Perquisite which are not chargable to tax

Some Exempted Income ( to be shown while Return filing) T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N S for

HRA exemption

Transport allowance

Reimbursement of Medical bills

u/s(5) LTA is exempt

u/s 24 Exemption for interest on housing loan.

u/s 80CCE & 80CCD Maximum Exemption

Rajiv Gandhi Equity Savings Scheme

u/s 80D Medical Insurance

u/s 80DD Deduction in respect of medical treatment of handicapped dependents

u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases

u/s 80E Interest repayment on education loan

u/s 80G Donations given for certain charities

u/s 80GG If you are not getting HRA, but living in rented house,

u/s 80U If you have a permanent physical disability

KNOW MORE about DEDUCTION under Section 80-C

Qualifying Investments u/s 80CCE

Provident Fund (PF) & Voluntary Provident Fund (VPF)

Life Insurance Premiums & Unit linked Insurance Plan (ULIP)

Public Provident Fund (PPF):

National Savings Certificate (NSC):

Home Loan Principal Repayment & Stamp Duty and Registration Charges for a home

Tuition fees for 2 children

Equity Linked Savings Scheme (ELSS)

5-Yr bank fixed deposits (FDs) or 5-Yr post office time deposit (POTD)

Pension Funds or Pension Policies

Stamp Duty and Registration Charges for a home:

Net Income Range Income Tax Rates

Up to Rs.2,00,000 NIL

2,00,001 to Rs. 5,00,000 10% of Total Income (-) Rs.2,00,000

Net Income Range Income Tax Rates

Rs.5,00,001 to Rs.10,00,000 Rs30,000+20% of Total Income (-) 5,00,000

Net Income Range Income Tax Rates

Rs2,50,001 to 5,00,000 10% of Total Income(-) Rs.2,50,000

More than 10.00,000 Rs1,25,000+30% of Total Income(-)10,00,000

Net Income Range Income Tax Rates

Up to Rs.5,00,000 NIL

More than 10.00,000 Rs1,00,000+30% of Total Income(-)10,00,000

Education Cess is 2% & Secondary and Higher education Cess is 1% of income tax from all Assesse.

Infrastructure Bonds: NABARD rural bonds:

Senior Citizen Savings Scheme 2004 (SCSS)

I M P O R T A N T - A D V I S ES

As per finance bill 2011 - TAX RATES For Financial Year 2012-13 & Assesment Year 2013-14 For MALE ASSESSE

Rs5,00,001 to Rs. 10,00,000 Rs30,000+20% of Total Income(-)Rs. 5,00,000

More than Rs10.00,000 Rs1,30,0,000+30% of Total Income(-)Rs10,00,000

For FEMALE ASSESSE

Up to Rs2,00,000 NIL

Rs200,001 to 5,00,000 10% of Total Income(-) 2,00,000

More than 10.00,000 Rs1,30,,000+30% of Total Income(-)10,00,000

For SENIOR CITIZEN ASSESSE (Above 60 Year ) attaining the age during the year

Up to Rs2,50,000 NIL

Rs5,00,001 to 10,00,000 Rs25,000+20% of Total Income(-)5,00,000

For VERY SENIOR CITIZEN ASSESSE (Above 80 Year ) attaining the age during the year

Rs5,00,001 to 10,00,000 20% of Total Income (-) Rs.10,00,000

Some Exempted Receipts / Special allowances & Perquisite which are not chargable to tax are

Exempted Receipts - 1. Medical Reimbursement (Max Rs15000/- Per annum) 2. L.T.A (as per Rule)

Special allowances Exempted u/s 10(14) 1. Uniform Allowance (granted to meet the expenditure incurred on purchase or maintenance of uniform to be worn during performance of Official Duty) 2 Helper Allowance ( granted to meet exependiture incurred on helper for performance of official duty) 3. Academic Allowance (granted for encouraging academic, research & training pursuits) including Newspaper, Generals etc.) 4. Children Education Allowance ( Rs100 P.M. per Child / (Rs300 for Hostel Expenditure) Max of 2 Children) 5. Convayance allowance ( granted to meet the expenditure incurred on convayance, while performing official duty. . ( Expenditure incured for covering journey between office and residence is not treated as expenditure in performance of official duty. )

Deduction available u/s -16 1. Entertainment allowance (for Govt Employees) Max Rs5000/- 2. Professional tax - Professional tax paid by employee is deducted. If employee pays the professional tax on behalf of employee, It is first added in gross salary as taxable perquisite and thereafter deduction isvprovided from gross salary Perquisite not chargable to tax

Free food and beverage ( 1. Food and non-alcoholic beverages provided in working hours in remote area or an offshore instalation are exempted to tax 2. Tea, coffee or non-alcoholic beverages and snaks in working hours are tax free perquisites. 3. Meals (Lunch and / or dinner) in office hours is not taxable. If cost to the employeris ₹50 ( or Less) per meal.

Some Exempted Income are ( to be shown while Return filing)

1. Withdrawal / Maturity received from PF,PPF,Insurance Co., Agriculture. (Max up to 5000/- )

2 Long Term Capital Gain From Shares

3 Dividend on shares in companies

4. Interest on Saving Bank & Post Office A/c up to Rs10,000/-

T A X R U L E S & O T H E R U S E F U L I N F O R M A T I O N S for

Please Note :

(i) Interest earned from all sources is to be included. All interest (including saving Bank A/C (above Rs10,000) (FD) income is fully taxable.

(II) As per clarification from IT department, all perquisites such as rent-free accommodation, company provided car, free or concessional education facilities, employee stock option plan, free club membership, company provided credit card, gift vouchers, meal coupons, hotel stay beyond 15 days, are fully taxable.

HRA exemption = minimum of (40% (50% for metros) of Basic+DA or HRA or rent paid - 10% of Basic+DA)

Transport allowance is exempt up to ₹800/- per month during the month. ( Expenditure incured for covering journey between office and residence .) For people having permanent physical disability, the exemption is ₹1,600/- per monthReimbursement of Medical bills are exempt for self and dependent family, up to Rs.15,000/- per annum

u/s(5) LTA is exempt to the tune of economy class Train/ Air /Recognised public Transport fare for the family to any destination in India, by the shortest route. LTA can be claimed twice in a block of 4 calendar years. The current block is from 01.01.2010 to 31.12.2013. For claim, it is must to provide originals tickets etc.

u/s 24 There is an Exemption for interest on housing loan.(for Self occupied Residence). If the loan was taken before Apr 1, 1999 exemption is limited to Rs30,000/- per year. If the loan was taken after Apr 1, 1999 exemption is limited toRs1,50,000/- per year if the house is self-occupied; There is no limit if the house is rented outThis exemption is available on accrual basis, which means if interest has accrued, you can claim exemption, irrespective of whether you've paid it or not

If you have rented out your house, enter the total income / loss from the house (after deducting property tax and standard maintenance expenses).

u/s 80CCE- Maximum Exemption up to Rs.100000/- Investments up to Rs.1 lac in PF, VPF, PPF, Employee contribution in NPS,Insurance Premium, Housing loan principal repayment, NSC, ELSS, long term bank Fixed Deposit, Post Office Term Deposit, etc. are deductible from the taxable income. There is no limit on individual items, (for example) all 1 lac can be invested in NSC or PPF etc.

u/s 80CCD -The Finance Act, 2011 provides that contribution made by the Central Government or any other employer to NPS (up to 10 per cent of the salary of the employee in the previous year)shall be excluded while computing the limit of Rs1,00,000.The contribution by the employee to the NPS will be subject to the limit of Rs1,00,000.

u/s 80CCG - Rajiv Gandhi Equity Savings Scheme is a new exemption available for investment in stock markets (direct equity). Avaialble only for those with gross income less than 10 lacs and only for first time investors in stock market. Exemption available at 50% of investment subject to maximum of Rs.50,000/- invested. Investments are locked-in for three years

u/s 80D Medical Insurance Premium (such as Mediclaim & Critical illness Cover)& Health Check up Upto Rs5000, premium is exempt up to Rs30,000/ per year (₹15,000/- for self,spouse and children ) (Rs15000/- for Parents. If the premium includes for a dependent who is (Senior Citizen) above 60 years of age, an extra Rs5,000//- can be claimed.

u/s 80DD Deduction in respect of medical treatment of handicapped dependents is limited to ₹75,000/- per year if the disability is less than 80% and Rs1,00,000/- per year if the disability is more than 80%

u/s 80DDB Deduction in respect of medical treatment for specified ailments or diseases for the assesse or dependent can be claimed up to Rs40,000/- per year. If the person being treated is a senior citizen, the exemption can go up toRs60,000/-. but any amount received under Medical Insurance Policy will be reduced from the amount of deduction allowed. The Diseases and ailments specified under rule 11DD are. (1)neurological diseases being demetia, dystonia musculorum deformans, motor neuron disease, ataxia, chorea, hemiballismus, aphasia and parkisons disease, (2) cancer, (3) AIDS, (4)Chronic renal failure, (5) hemophilia, and (6) thalassaemia.

u/s 80E Interest repayment on education loan (taken for higher education from a university of self & dependents) is completely tax exempt

u/s 80G Donations given for certain charities are tax exempt. Some(NGO,Trust etc.) are exempt to the tune of 50%, whereas Govt funds are 100%.

u/s 80GG If you are not getting HRA, but living in rented house, an exemption is available. This will be calculated as minimum of (25% of total income or rent paid - 10% of total income or Rs24,000/- per year)

u/s 80U If you have a permanent physical disability (including blindness), you can take an exemption (subject to maximum of Rs75,000/- per year)

KNOW MORE about DEDUCTION under Section 80-C

Section 80C of the Income Tax Act allows certain investments and expenditure to be deduct from total income. One must plan investments well and spread it out across the various instruments specified under this section to avail maximum tax benefit. There are no sub-limits and is irrespective of how much you earn and under which tax bracket you fall. Most of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in total. so that one can make best use of the options available for deduction under income tax Act. One important point to note that one can not only save tax by undertaking the specified investments, but some expenditure which you normally incur can also give you the tax exemptions.

Qualifying Investments u/s 80CCE are

Provident Fund (PF) & Voluntary Provident Fund (VPF) PF is automatically deducted from your salary. your contribution [12% of Basic] (i.e., employee’s contribution) is counted towards section 80C investments. You also have the option to contribute additional amounts through voluntary contributions (VPF). Current rate of interest is 8.5% per annum (p.a.) and is tax-free.Life Insurance Premiums: Any amount that you pay towards life insurance premium in Life Insurance Corporation (LIC) or any other Insurance CO.for yourself, your spouse or your children can also be included in Section 80C deduction. If you are paying premium for more than one insurance policy, all the premiums will be included. also premium paid for ULIP will also be treated as Premium paid for Life Insurance Policies. Unit linked Insurance Plan : ULIP stands for Unit linked Saving Schemes. ULIPs cover Life insurance with benefits of equity investments.They have attracted the attention of investors and tax-savers not only because they help us save tax but they also perform well to give decent returns in the long-term.IMP : Total Amount Received at Maturity, Survival Benefits, , Withdrawl in Insurance Policies is Tax Free and fully exempteed u/s 10(10D).

Public Provident Fund (PPF): Among all the assured returns small saving schemes, Public Provident Fund (PPF) is one of the best. Current rate of interest is 8% tax-free and the normal maturity period is 15 years. Minimum amount of contribution is Rs500 and maximum is Rs1,00,000.(New Change) from 01/01/2011

National Savings Certificate (NSC): National Savings Certificate (NSC) is a 5-Yr small savings instrument eligible for section 80C tax benefit. Rate of interest is 8.58% compounded half-yearly, i.e. If you invest Rs.100, it becomes Rs.150.90 after five years. The interest accrued every year is liable to tax (i.e. to be included in your taxable income) but the interest is also deemed to be reinvested and thus eligible for section 80C deduction.Home Loan Principal Repayment & Stamp Duty and Registration Charges for a home Loan The Equated Monthly Installment (EMI) that you pay every month to repay your home loan consists of two components – Principal and Interest.The principal component of the EMI qualifies for deduction under Sec 80C. Even the interest component can save you significant income tax – but that would be under Section 24 of the Income Tax Act. The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.Tuition fees for 2 children Apart form the above major investments expenses for children’s education (Only Tution Fee (for which you need receipts)), can be claimed as deductions under Sec 80C.

Equity Linked Savings Scheme (ELSS): There are some mutual fund (MF) schemes specially created for offering you tax savings, and these are called Equity Linked Savings Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under Sec 80C.

5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled for section 80C deduction. 5-Yr post office time deposit (POTD) scheme: POTDs are similar to bank fixed deposits. Although available for varying time duration like one year, two year, three year and five year, only 5-Yr post-office time deposit (POTD) – which currently offers 7.5 per cent rate of interest –qualifies for tax saving under section 80C. Effective rate works out to be 7.71% per annum (p.a.) as the rate of interest is compounded quarterly but paid annually. The Interest is entirely taxable.

Pension Funds or Pension Policies – Section 80CCC: This section – Sec 80CCC – stipulates that an investment in pension funds is eligible for deduction from your income. Section 80CCC investment limit is clubbed with the limit of Section 80C – it means that the total deduction available for 80CCC and 80C is Rs 1 Lakh.This also means that your investment in pension funds upto Rs.1 Lakh can be claimed as deduction u/s 80CCC. However, as mentioned earlier, the total deduction u/s 80C and 80CCC can not exceed Rs.1 Lakh.Infrastructure Bonds: These are also popularly called Infra Bonds. These are issued by infrastructure companies, and not the government. The amount that you invest in these bonds can also be included in Sec 80C deductions. NABARD rural bonds: There are two types of Bonds issued by NABARD (National Bank for Agriculture and Rural Development): NABARD Rural Bonds and Bhavishya Nirman Bonds (BNB). Out of these two, only NABARD Rural Bonds qualify under section 80C.Senior Citizen Savings Scheme 2004 (SCSS): A recent addition to section 80C list, Senior Citizen Savings Scheme (SCSS) is the most lucrative scheme among all the small savings schemes but is meant only for senior citizens. Current rate of interest is 9% per annum payable quarterly. Please note that the interest is payable quarterly instead of compounded quarterly. Thus, unclaimed interest on these deposits won’t earn any further interest. Interest income is chargeable to tax.

I M P O R T A N T - A D V I S ES

Mostly people gives estimated declaration at year starting to minimise their Tax Liabilities but could not save up to last and face heavy burden in last months. Many of us start looking for investment avenues only in February or March, just before the Financial Year is getting over. This is a big mistake! One, you would end up investing your money without putting proper thought to it. And secondly, you would end up losing the interest / appreciation for the whole year. Instead, decide where you want to make the investments, and start investing right from the beginning of the financial year – from April. so it is advisable to save from start on monthly basis through Bank ECS as a SAP . This way, you would not only make informed decisions, but would also earn the interest for the full year from April to March.

Yours faithfully,(Ansuman Pattnaik) Director (Budget)To,All DDOs of Central Government, State Governments, CAG & other persons as per standard list

The New Pension Scheme (NPS)

Clarification regarding deduction in respect of contribution to New Pension Scheme under Section 80 CCD

F.No. 275/192/2009-IT (B) , New Delhi Dated the 9th February, 2010.Sub:      Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD – matter reg.

A number of representations have been received regarding deduction under Section 80 CCD for contribution made under pension scheme in the light of Circular No-1 /2010 dated 11th Jan’2010 issued on the subject of Deduction of Tax at Source etc.

It is clarified that in accordance with the provisions of Section 80 CCD, deduction in respect of contribution made by an individual in the previous year to his account under a pension scheme notified, is allowed in computation of his total income –(a)   in the case of an employee, ten per cent of his salary in the previous year; and(b)   in any other case, ten per cent of his gross total income in the previous year.

2. It is further clarified that where the Central Government or any other employer makes any contribution to the account of employee for the pension scheme, the assessee shall also be allowed a deduction in the computation of his total income of the whole of the amount contributed by the Central Govt. or any other employer as does not exceed 10% of his salary in the previous year.

3. Salary for the purpose of above section (80 CCD) includes dearness allowance if the terms of employment so provide, but excludes all other allowances and perquisites.

4. It is further clarified that aggregate limit of deduction under this section (80 CCD) along with Sections 80 C, 80 CCC shall not in any case exceed Rs. one lakh.

The New Pension Scheme (NPS) was introduced by the Union Government in 2003. According to the new scheme, employees appointed on or after January 1, 2004 will contribute 10 per cent of their Pay and Dearness Allowance to the Pension Fund Regulatory and Development Authority under the Ministry of Finance. An equal amount will be contributed by the Centre. The scheme is mandatory for Government employees, but optional for other citizens of India. NPS merely declared that tax benefits would be applicable as per the Income Tax Act 1961 as amended from time to time.

The Finance Act, 2011 has inserted a new Section 36 (1)(iva) with effect from assessment year 2012-13 to provide that an assessee will get a deduction in respect of contribution towards a pension scheme referred in Section 80CCD of the Act on account of an employee up to 10 per cent of the salary of the employee in the previous year. For this purpose, 'Salary' means Basic+DA,

Imp -The term ‘employee' will include all employees including Director-employees.

Sec- 80CCD -The Finance Act, 2011 provides that contribution made by Employer "the Central Government or any other employer" to NPS (up to 10 per cent of the salary of the employee )shall be excluded while computing the limit of Rs1,00,000. But the contribution by the employee to the NPS will be subject to the limit of Rs1,00,000.

Rajiv Gandhi Equity Savings scheme Deduction under Section 80CCG

Finance Bill, 2012

(a) The assessee is a resident individual (may be ordinarily resident or not ordinarily resident)(b) His gross total income does not exceed Rs. 10 lakhs;(c) He has acquired listed shares in accordance with a notified scheme;d) The assessee is a new retail investor as specified in the above notified scheme;(e) The investor is locked-in for a period of 3 years from the date of acquisition in accordance with the above scheme;

A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments The scheme allows for income tax deduction of 50 per cent to new retail investors, who invest up to Rs 50,000 directly in equities and whose annual income is below Rs 10 lakhs. The scheme will have lock-in period of three years.

Newly inserted Section 80CCG provides deduction wef assessment year 2013-14 in respect of investment made under notified equity saving scheme. The deduction under this section is available if following conditions are satisfied:

(f) Amount of deduction - The amount of deduction is at 50% of amount invested in equity shares. However, the amount of deduction under this provision cannot exceed Rs. 25,000. If any

Informations about Mediclaim policy

1. INDIVIDUAL MEDICLAIM POLICY

Deduction u/s 80D for Mediclaim Premium available to Individual, and Senior Citizens

Deduction in respect of Medical Insurance Premium (Mediclaim / Critical illness) paid to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children.

A Mediclaim policy is a must because you or your family Member should fall sick or meet with an accident, your medical bills could wipe out your savings. So It is the only tool to protect. against heavy financial burden for treatment in hospitalsFor Inquire about MEDICLAIM POLICY from National Insurance - mail at - [email protected]

1. Premium based on Age:2. Who can take the Policy3. Cover Age4. How much Sum Insured can be taken ?5. Deduction from Total Taxable Income6. Partly contribution can be benefitted7. Which Policies Premium is allowed?8. What is the eligible amount of the deduction u/s 80 D ?9. INDIVIDUAL MEDICLAIM POLICY from National Insurance Company Limited10. what are the SALIENT FEATURES of Individual Mediclaim policy?11. what are the PREMIUMS (as per sum insured & age group)?12. Floater mediclaim Policy (PARIVAR) from National Insurance Company Limited13. SALIENT FEATURES of PARIVAR (floater) Mediclaim policy?14. PARIVAR Mediclaim policy Premium up to Age 35 Years15 PARIVAR Mediclaim policy Premium for 36 to 45 years16 PARIVAR Mediclaim policy Premium for 46 to 50 years17. PARIVAR Mediclaim policy Premium for 51 to 55 years18. PARIVAR Mediclaim policy Premium for 56 to 60 years1. Premium based on Age: - The premium rates will vary among the insurers and will also depend on your age. The older you are, the higher the premium. For example, Mediclaim policy from General Insurance Corporation has a fixed premium till 35 years and then it changes in 10-year slabs.

2. Who can take the Policy: - Individual (resident or non resident, Indian Citizen or foreign citizen):- In case an individual is taking the deduction, the medical insurance policy can be taken in the name of any of the following: the taxpayer or the spouse, parents or dependent children* of the taxpayer. Note - parents need not be dependent on the Assessee,.parents of Individual or Spouse both are covered.

3. Cover Age: This insurance is available to a person between the age of 18 to 59 years. However, the Policy can be renewed up to the age of 80 years. Children above the age of 3 months can be covered with the parents. male child can be covered up to the age of 25 years. Female child can be covered up to the time, she is unmarried.

4. Sum Insured: Minimum sum insured shall be Rs 50,000/- and can be increased in multiples of Rs 25,000/-up to Rs 5 lacs.

5. Deduction from Total Income: - In addition to deduction u/s, 80C, This is an additional deduction available over 1,20,000.6. Partly contribution: If part payment is done by you and part payment by the Spouse / parent, both can claim deduction to the extent of their contribution subject to maximum allowed but amount should be paid directly to insurance company and paid through mode other than by cash.

7. Which Policies Premium is allowed? : - Mediclaim premium paid under Medical insurance scheme of General Insurance's Company approved by the Central Government, or any other insurer approved by the Insurance Regulatory & Development Authority (IRDA). Or Critical illness Cover / Health Insurance by Life Insurance's Companies.

8. What is the eligible amount of the deduction?Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 15,000.Premium paid for Parents Maximum deduction Rs 15,000. In case any of the persons is a senior citizen (i.e. 65 years or more as of end of the year) and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 20,000.

NATIONAL INSURANCE COMPANY LTD.

With Tax Saving other than saving of 80C (1, 20,000)

NATIONAL INSURANCE COMPANY LTD.2. PARIVAR – ( FLOATER ) MEDICLAIM for FAMILIES

Provides protection to individuals, families, employers, employees against heavy financial burden for treatment in hospitals for illness, disease accident, whether involving surgery or not.

1. SALIENT FEATURES Ø  The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury sustained.Ø  Pre & Post hospitalization expenses incurred 30 days before & 60 days after hospitalisation are reimbursed.Ø  Photo identification card for cashless medical benefits over networked hospitals across the country or reimbursement of Hospitalisation expenses.Ø  NO Medical Tests required up to 50 years. Ø  Family Discount - 10% in the total premium allowed when insured & any one or more member are covered.Ø  Cumulative Bonus: Sum insured shall be progressively increased by 5% in each claim free year up to 50%.Ø  Reimbursement of cost of medical checkup (up to 1% of the average Sum Insured). Ø  Tax Benefits - Under Sec 80D.

Ø  Sum Insured Rs 50,000/- up to Rs 5 lacs.Ø  TPA option: The premium includes cashless facility through TPA. If the policyholder does not require Cashless facility then 6% discount on premium

This is a Family Floater Health Insurance Policy, Entire family is covered under single Sum Insured. (Family means Self, Spouse & two dependant children up to an age of 25 years.) [Parents are not covered]

The Policy covers reimbursement of Hospitalisation expenses for illness/diseases contracted or injury. In the event of any claim becoming admissible under the policy, the Company either pays to the Hospital/Nursing Home through TPA or directly to the insured if TPA service is not availed by the insured.

SUM INSURED

0-25 YRS

From 26-35 YRS

From 36-45 YRS

From 46-55 YRS

From 56-65 YRS

From 66-70 YRS

From 71-75 YRS

From 76-80 YRS

Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. 50000 541 710 956 1635 2158 2688 2881 3555 75000 785 1031 1386 2371 3125 3886 4162 5126

100000 1049 1377 1852 3161 4180 5196 5567 6890 125000 1292 1696 2282 3909 5173 6436 6945 8751 150000 1536 2016 2713 4656 6165 7677 8323 10611 175000 1755 2304 3101 5351 7094 8847 9633 12402 200000 1975 2592 3488 6045 8025 10019 10941 14193 225000 2170 2848 3832 6685 8893 11122 12182 15917 250000 2365 3104 4177 7326 9761 12224 13422 17638 275000 2560 3360 4521 7967 10629 13326 14662 19362 300000 2755 3616 4866 8608 11498 14429 15902 21083 325000 2926 3840 5168 9196 12303 15461 17074 22737 350000 3096 4064 5469 9782 13110 16496 18245 24391 375000 3267 4288 5771 10371 13915 17528 19417 26044 400000 3438 4512 6071 10957 14722 18563 20587 27698 425000 3608 4736 6373 11545 15527 19595 21760 29351 450000 3779 4960 6675 12132 16334 20630 22930 31005 475000 3950 5184 6977 12720 17140 21662 24102 32659 500000 4120 5408 7277 13307 17947 22687 25273 34312

Service Tax 10.3% of the premium to be added (after family discount if applicable)

Premium Chart

1. SALIENT FEATURES The policy cover reimbursement of Hospitalisation expenses for illness/diseases or injury

Pre & Post hospitalization Medical expenses incurred 15 days before & 30 days after hospitalisation are also reimbursed.

      Photo identification card for cashless medical benefits over networked hospitals across the country or reimbursement of Hospitalisation expenses.       Age- Persons between the ages of 3 months to 60 years are eligible.       NO Medical Tests required up to 60years.       Pre-Existing Diseases will be covered after 4 continuous Claim free year.      Hospitalisation expenses of person donating organ during the course of Organ Transplant are also covered       Tax Benefits - Under Sec 80D. Premium given by you will be fully deducted from Taxable Income.        Sum Insured Rs 2Lacs to Rs 5 Lacs.       In case any member of the family is suffering from hypertension or diabetes, will be covered after paying10% extra premium on the total premium.       In case any member of the family is suffering from hypertension and diabetes, will be covered after paying 25% extra premium on the total premium.

Up to 35 years

36 to 45 years

46 to 50 years

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 25% 20% 20%

2,00,000 2469 617 494 494 4074 3580 2,50,000 2956 739 591 591 4877 4286 3,00,000 3444 861 689 689 5683 4994 3,50,000 3870 968 774 774 6386 5612 4,00,000 4297 1074 859 859 7089 6230 4,50,000 4723 1181 945 945 7794 6849 5,00,000 5151 1288 1030 1030 8499 7469

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 30% 20% 20%

2,00,000 2683 805 537 537 4561 4025 2,50,000 3213 964 643 643 5462 4820 3,00,000 3743 1123 749 749 6363 5615 3,50,000 4207 1262 841 841 7152 6311 4,00,000 4670 1401 934 934 7939 7005 4,50,000 5135 1541 1027 1027 8730 7703 5,00,000 5598 1679 1120 1120 9517 8397

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 35% 20% 20%

2,00,000 4290 1502 858 858 7508 6650 2,50,000 5200 1820 1040 1040 9099 8060 3,00,000 6108 2138 1222 1222 10690 9468 3,50,000 6942 2430 1388 1388 12149 10760 4,00,000 7776 2722 1555 1555 13608 12053 4,50,000 8610 3013 1722 1722 15067 13345 5,00,000 9444 3305 1889 1889 16526 14637

51 to 55 years

56 to 60 years

NOTE: - Service Tax 10.03% of the premium to be added

For Inquire about MEDICLAIM POLICY from National Insurance - contact me at - [email protected] ph: 9811302497, 9211125587

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 35% 20% 20%

2,00,000 4290 1502 858 858 7508 6650 2,50,000 5200 1820 1040 1040 9099 8060 3,00,000 6108 2138 1222 1222 10690 9468 3,50,000 6942 2430 1388 1388 12149 10760 4,00,000 7776 2722 1555 1555 13608 12053 4,50,000 8610 3013 1722 1722 15067 13345 5,00,000 9444 3305 1889 1889 16526 14637

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 40% 20% 20%

2,00,000 4485 1794 897 897 8073 7176 2,50,000 5436 2174 1087 1087 9785 8698 3,00,000 6386 2554 1277 1277 11495 10218 3,50,000 7258 2903 1452 1452 13064 11612 4,00,000 8129 3252 1626 1626 14633 13007 4,50,000 9001 3600 1800 1800 16202 14402 5,00,000 9873 3949 1975 1975 17771 15796

Sum

Insured Self Spouse 1st Child 2nd Child 2 Adults +

2 Kids 2Adults +

1 Kid (Rs.) 40% 20% 20%

2,00,000 5127 2051 1025 1025 9228 8203 2,50,000 6236 2495 1247 1247 11226 9978 3,00,000 7346 2938 1469 1469 13223 11754 3,50,000 8375 3350 1675 1675 15076 13401 4,00,000 9406 3762 1881 1881 16931 15049 4,50,000 10436 4175 2087 2087 18785 16698 5,00,000 11466 4586 2293 2293 20638 18345

Calculate your Tax in less than 5 Minutes

(1) A/c No - 911010068083973 AXIS Bank, Branch Green Park, IFSC Code UTIB0000015

(2) A/c No - 011104000089274 IDBI Bank, Branch K.G.Marg, IFSC Code IBKL0000011

by B.P.Choudhary (Tax Consultant)

Latest Version 7.1 for Financial year 2012- 13 , Assessment year 2013-14

This calculator is a Trial Version for your Experiance. Original Version is Modified and with Form-16, also explanation of every rule. For Original Version. Kindly subscribe with a nominal subscription of Rs. 500/- only

also receive Updates version(if any) & Explained informations of every new rule. Send your subscription through cheque at following address 1577 SECTOR -5, R.K.PURAM, NEW DELHI-110022, Ph: 9811302497, 9211125587 or deposit in any of the following account through cheque /Cash or Transfer through internet banking: NAME : BIJENDER PAL CHOUDHARY

(3)A/C N0 - 29280100009041 Bank of Baroda,Branch Munirka,IFSC Code BARBOMUNIRK (4) A/C NO-3075661065 Central Bank of India,Branch,Jantar Mantar,IFSC Code CBIN0283801 Guarantee - I assure you, With subscription of this meagre amount you will get a lot of

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Compatibility Report for Tax Calculator- Version 7(T) 2012-13.xlsRun on 22/5/2012 21:53

Significant loss of functionality # of occurrences

3

Minor loss of fidelity

6

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