Pc Arrears It

1

Last updated on 14.08.08

New Sixth PC Arrears and New Pay Calculator + Estimated Income Tax for the Year 2008-09

(Based on Pay Commission report approved by Cabinet on 14.08.08) prepared by GConnect Member Shri. J. Lakshminarayanan, DOS, Central Excise, Salem See the live calculator at http://www.GConnect.in (for print-out click preview and use print option of your browser) Name of the officer: Enter Old Basic Pay as on 1-1-06 Enter New Grade Pay Enter New HRA rate of your city Enter Month of Old increment Enter old Increment amount

2550 1300 30 12 200

Are you staying in quarters Enter New TA amount Enter M for Male / F for Female Savings under 80C Chapter VI deductions *** Enter old HRA Rate

Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06

FIXED GRADE 4750 1300 4750 1300 4750 1300 4750 1300 4750 1300 4750 1300 4932 1300 4932 1300 4932 1300 4932 1300

No 800 M 100000 0 15.0 TOTAL 6050 6050 6050 6050 6050 6050 6232 6232 6232 6232

DA 0 0 0 0 0 0 0 0 0 0

Total Pay 6050 6050 6050 6050 6050 6050 6232 6232 6232 6232

DA rate % (1 to 12) (Yes/No)

Jul-2006 Jan-2007 Jul-2007 Jan-2008

% 0 6 12 18

Now you can change the DA rates

(3200/1600/800/400/300)

(M/F) (up to Rs. 1 lakh) %

(30 or 15 or 7.5 or 5)

2550 2550 2550 2550 2550 2550 2550 2550 2550 2550

PAY DRAWN 1275 918 1275 918 1275 918 1275 918 1275 918 1275 918 1275 1109 1275 1109 1275 1109 1275 1109

4743 4743 4743 4743 4743 4743 4934 4934 4934 4934

Arrears 1307 1307 1307 1307 1307 1307 1298 1298 1298 1298

2 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08

4932 4932 4932 4932 4932 4932 4932 4932 5119 5119 5119 5119 5119 5119 5119 5119 5119 5119 5119 5119 5312 5312 159736

1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 1300 41600

6232 6232 6232 6232 6232 6232 6232 6232 6419 6419 6419 6419 6419 6419 6419 6419 6419 6419 6419 6419 6612 6612 201336

0 0 374 374 374 374 374 374 770 770 770 770 770 770 1155 1155 1155 1155 1155 1155 1190 1190 16174

6232 6232 6606 6606 6606 6606 6606 6606 7189 7189 7189 7189 7189 7189 7574 7574 7574 7574 7574 7574 7802 7802 217510

2550 2750 2750 2750 2750 2750 2750 2750 2750 2750 2750 2750 2750 2950 2950 2950 2950 2950 2950 2950 2950 2950 87600

Expected Pay as on April-2008 FIXED GRADE TOTAL DA Total TA Expected Pay as on5119 September-2008 1300 6419 1155 7574 944

@@ ++ ***

5312 1300 6612 1190 Estimated Total income during the Financial Year Estimated Arrears amount chargeable to Tax Estimated Total income for 2008-09 Less Savings under 80C (upto 1 lakh) Less Chapter-VI deductions Taxable Income Income Tax Education Cess

7802

944

1275 1375 1375 1375 1375 1375 1375 1375 1375 1375 1375 1375 1375 1475 1475 1475 1475 1475 1475 1475 1475 1475 43800

1109 1196 1444 1444 1444 1444 1444 1444 1691 1691 1691 1691 1691 1814 2080 2080 2080 2080 2080 2080 2080 2080 47822

HRA GROSS 1926 10444 1984 111669 649 112318 100000 0 12318 0 0

4934 5321 5569 5569 5569 5569 5569 5569 5816 5816 5816 5816 5816 6239 6505 6505 6505 6505 6505 6505 6505 6505 179222

1298 911 1037 1037 1037 1037 1037 1037 1373 1373 1373 1373 1373 950 1069 1069 1069 1069 1069 1069 1297 1297 38288

3 Total Income Tax

0

*** (Total of Interest on Housing Loan, Medical Insurance, deductions for Handicapped dependants etc.) @@ (Total amount of salary for the period from 3/2008 to 2/2009 excluding TA) ++ (50% of the arrears) Assumptions: TA was not taken for calculating IT HRA amount was not excluded Pay throughout the year is constant viz., Pay of April 2008 is taken as pay for the months from May-2008 to Feb-2009 50% of the Arrears is taken as income during 2008-09, as only 50% is to be disbursed as cash based on PC's report

123

0 0 0

0 0 0 1

1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5

4 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1

6 7 8 9 10 11 12 1 2 3

4 5 6 7 8