GConnect Online Income Tax Software for the year 2009-10

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Friday, October 30, 2009
This article is posted in Income Tax category and has 54 Comments so far.

it2009, tax planning, india income tax, income tax 2009-10, Income tax 2009-10, assessment year 2010-11, calculate income tax, income tax software, online income tax software, calculate income tax onlineUpdate (01-12-2009:

Apart from the Login version of Income tax calculation tool detailed below, a new version of Income tax calculation tool that requires no registration or login has been launched now.  Check this link to try the same

Try Instant Income Tax 2009-10 (A.year 2010-11) Calculator (No Login required)

(end of update: 01-12-09)

You must have just taken a long breath two months back after filing your IT Returns for the last financial year.  Yet you got to be ready for tax planning this year as you might have already received a call from your AO for filing statement of your tentative income tax liability for this year It’s regular as clockwork.

This year GConnect has come up with Online Income Tax software that is truly personalized.  It’s a complete database application.  You got to register to use this application.  This is purely meant to personalize your experience as your information helps us to better respond to your individual needs.

Get a user name and password using the Register Page.  After you login, enter your income and deduction data in the entry sheet and use “Create Work Sheet” Button to create Income Tax Work Sheet.

Entry Sheet:

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Income Tax Work Sheet:

This is the Income tax work sheet created after you click the create worksheet button

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If you find the worksheet contains your all your correct income and deduction values save the same using update and save work sheet data button.  You can also change the values in the work sheet if your income or deductions change in the middle of the year due to transfer, promotion, ACP etc.  After changing the values do not forget to use the update and save the worksheet data button again.  Now, the Income Tax Statement for the year 2009-10 (Assessment year 2010-11) is ready to be generated.  Click Generate IT statement button to have the IT statement 2009-10 which has to be submitted to your employer for determining TDS.  You can also have a full-fledged work sheet to check your month wise income details.  Income Tax Work Sheet and Statement can be printed using the print button given

Print format of Income Tax Work Sheet:

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Print Format of Income Tax Statement 2009-10:

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Please don’t forget to save your work sheet before generating Income Tax Statement.  Even if you have only part of your tax data in hand now it’s no issue.  Enter the details whatever you have now, save and logout.  Whenever, you login again the data entered by you would be available to you.

Of course, any new stuff will have its own teething problems.  Please feel free to write about the same as comments to this article.  Or you can mail us to admin@gconnect.in.

We would be grateful if you could use this software and give us your feedback, so that we could make your tax planning easier.

Click here for your experience with GConncet Online Income Tax Software


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54 Responses to “GConnect Online Income Tax Software for the year 2009-10”

  1. Kamesh said on Wednesday, October 7, 2009, 21:48

    It is a great tool indeed. I have following concerns. (1) The software does not seem to take into account some categories of employees, for instance medical officers, who receive 25% NPA. (2) It would be better if a link is provided at section 89(1) relief so that the user is directly taken to a page where 89(1) benefits can be calculated. The output from there can be directly taken into this field. Thanks for the great software tool.

    Reply

  2. dhasmana said on Thursday, October 8, 2009, 11:34

    needs to be verified

    Reply

  3. S Ghosal said on Thursday, October 8, 2009, 13:06

    dear sir,
    Your Software very useful. Kindly make arrangment for senior citizen (65 years or more) for rebait. Thanks Ghosal

    Reply

  4. Zeya Alam said on Thursday, October 8, 2009, 17:04

    it is very helpfull but in some columns (FOR EXAMPLE-TA) if value is zero, then how to incorporate that in the column?.some modification on those is needed.

    Reply

    admin Reply:
    October 9th, 2009 at 7:11 am

    Dear Zeya Alam– It’s good suggestion I have updated the software as required by you thank you. Expect more such feedback.

    Reply

  5. jhan said on Thursday, October 8, 2009, 22:11

    It is a great tool indeed.Software very useful……Kindly make arrangment for those who donot avail transport allowance …( i.e. those who avail official tranport facility for commuting to thier home and office )…… kudos .. jhan

    Reply

  6. Y Somra said on Friday, October 9, 2009, 16:48

    I could not find the register page in log in (home page ) to get the username and pass word to use the tool. Pl help

    Reply

  7. Gconnect » GConnect Online Income Tax Software for the year 2009-10 :: Online Tax Experts said on Friday, October 9, 2009, 21:08

    [...] a rest here: Gconnect » GConnect Online Income Tax Software for a year 2009-10 Categories : Online Tax [...]

  8. jasbir singh sandhu said on Saturday, October 10, 2009, 7:43

    Dear sir
    it is an exceelent  sheet to calculate Income tax
    grateful if it considers inclusion of following
    1)Being gallantry awardee i am empte hundred percent income tax on pension .
    2)6pc arrears are received after due deduction of income tax so column for it deduction needed
    3)If i earn pay by serving pvt company who also pays after due deduction,needs coloum
    thanks 
    jssandhu

    Reply

  9. raman, GConnect Team said on Sunday, October 11, 2009, 12:29

    Mr.Jasbir Singh Sandhu.
    All are goods suggestions mr.Jasbir
    For Point No:1, you have to show your pension in the pension field and get deduction under Section 10(18). I have included field for section 10 deduction now. You can show your entire pension as deduction under section 10(18). Keep us informed if you have any problem in this

    For point No: 2, tax slab adopted for deduction from 6cpc arrears differs from person to person. So the entry sheet will be more complex if we seek details on tax percentage adopted for tds on 6cpc arrears. Instead you could enter arrears portion (without deducting tax) in 6cpc arrears field and the tax deducted in tds (tax already deducted) field.

    For point No: 3, Due to space constraint creation of additional fields may not be possible. sorry for the inconvenience. I think you can enter the pay (received from pvt company) before tax deduction in other pay field and enter the tax deducted in tds (tax already deducted) field. But you have to provide the annual pay here by adding pay for all 12 months.

    Reply

  10. sankaran said on Monday, October 12, 2009, 10:11

    congrats sir! very usefull tool..

    Reply

  11. Radha Krishna said on Monday, October 12, 2009, 18:23

    Good and useful tool.  But, where is the field to enter interest on house loan which is allowed as deduction under Section 24(b).

    Reply

    admin Reply:
    October 13th, 2009 at 7:45 am

    Interest on house loan is the loss incurred on house property and rental income earned if any after getting rebate for maintenance is the income earned on house property. calculate these two and if you are getting negative value show it as loss. Otherwise show it as an income. This is what income tax provisions says as far as house property in concerned. Check this calculator for more details

    http://gconnect.in/gc/service/personal-income-tax/incomeloss-from-house-property.html

    Reply

  12. Vijayalakshmi K Vel said on Sunday, October 18, 2009, 7:51

    Dear Sir, Thanks for the tool for calculating IT for AY 2010-2011; Is there any link for calculating section 89(1) relief so that the user is directly taken to a page where 89(1) benefits can be calculated? The output from there can be directly taken into this field. Thanks for the great software tool. I would like to respond for the above.

    Vijikvel

    Reply

  13. Vijayalakshmi K Vel said on Sunday, October 18, 2009, 8:07

    I need a link for calculating relief under Section 89(1) of IT Act so that the exact tax to be payable would be known to me. Pl provide this at once. vijikvel

    Reply

  14. cathavarayane said on Saturday, October 24, 2009, 12:11

    sir, I want calculator for relief under sec 89(1)
    Can you provide

    Reply

  15. Jagan said on Friday, October 30, 2009, 15:10

    It is very helpful. But, this tool is only used for Govt. Empolyees only if it useful to Pvt. & PSU emplyees also it will be better. I would like to say to administrators please develop accordingly to get better services from your portal.

    Jagan

    Reply

  16. shivajeepk said on Tuesday, November 3, 2009, 6:56

    A wonderful arrangement to all IT calculators. My hearty congratulations to you.
    With best wishes

    Reply

  17. Manjit Singh said on Tuesday, November 3, 2009, 21:41

    I want to tell that handicapped gets double of Tranceport Allowance but your software take Rs.800/- for all.Please modify the software accordingly.Please provide a linl for calculation of relief under sec 89(1) for 2009-10(60% arrears) as well as for 2008-09(40% arrears)
    Can you provide?

    Reply

  18. Manjit Singh said on Tuesday, November 3, 2009, 21:43

    Please provide a link for calculation of relief under sec 89(1) for 2009-10(60% arrears) alongwith 2008-09(40% arrears)
    Can you provide?

    Reply

  19. Manjit Singh said on Tuesday, November 3, 2009, 21:50

    I have a doubt regarding correct method for calculation tax & cess :-
    1) Tax+cess-relief u/s 89(1) or 2) Tax-relief u/s 89(1) +cess

    Please clear my doubt..

    Reply

  20. admin said on Thursday, November 5, 2009, 6:28

    Dear Mr.Manjit Singh,
    For your comment on Transport Allowance payable to physically challenged—
    we are extremely sorry. We did not provide any separate option for such transport allowance. I want Mr.Manjit Singh or any readers to suggest me, on the quantum of TA payable to physically challenged friends. If Rs.3200 is payable for a normal person in a particular city, they are eligible for Rs.6400. Am I right? Pl suggest so that I can make necessary modification soon..

    Ram- GConnect team

    Reply

  21. jd murti said on Tuesday, November 10, 2009, 14:38

    Good. But add age and gender related tax and rebate issues to be usful for wider public. Thanks.

    JD Murti

    Reply

  22. RAJIV SHARMA said on Tuesday, November 10, 2009, 14:47

    I do not get any transport or conveynance allowance, can i still deduct 9600/- from my salary. Secondly , i get Rs. 500/- as medical allowance. How much can i deduct from my salary as medical allowance besides that can i still claim tuition fee rebate under section 80

    Reply

  23. Manjit Singh said on Tuesday, November 10, 2009, 16:46

    Your reply regarding transport allowance is Ok but I once want to tell that handicapped gets double of Tranceport Allowance but your software take Rs.800/- for calculation of taxable portion of transport allowance in respect of income tax’s calculation.Please modify the software accordingly.Please provide a linl for calculation of relief under sec 89(1) for 2009-10(60% arrears) as well as for 2008-09(40% arrears).

    I have a doubt regarding correct method for calculation tax & cess :-( 1) Tax+cess-relief u/s 89(1) or (2) Tax-relief u/s 89(1) +cess

    Please clear my doubt..

    Reply

  24. K C RAYANE said on Wednesday, November 11, 2009, 7:37

    Sir, I was very much benefited by using Gconnect online arrears relief calculator last year. In the absence of the same this year, I want to calculate the same manually. Kindly clarify the points 1) What amount should be taken as in head net taxable income (salary) for the previous year?
    A) Actual amount received as salary as in the Form 16, which were submitted to IT dept
    b) Actual amount received as salary + 40%arrears spread over amount
    2) What amount should be taken as arrears?
    a) 60% arrears pertaining to the concerned year
    b) Whole arrears amount (60+40) pertaining to the concerned year
    Thanks in advance,
    Yours sincerely, K C Rayane

    Reply

  25. Manjit Singh said on Monday, November 16, 2009, 23:23

    Sir,thanks for providing link for calculation of relief under sec 89(1) for 2009-10(60% arrears) as well as for 2008-09(40% arrears).Please modify the software because handicapped gets double of Tranceport Allowance but your software take Rs.800/- for calculation of taxable portion of transport allowance in respect of income tax’s calculation.Please clear my doubt regarding method of calculating cess and income tax :-( (1)t)ax+cess on tax-releif u/s 89(1) or ((2)) tax-releif u/s 89(1)+cess after deducting releif from tax.

    Reply

  26. suresh phadkule said on Tuesday, November 17, 2009, 11:56

    there is no education cess upto Rs.100000/- for 2009.2010. Therefore, necessary change need to be made in income tax calculation.

    Reply

    admin Reply:
    November 17th, 2009 at 7:44 pm

    As per tax slab for 2009-10, education cess @ 3% is chargeable on the income tax payable.

    Reply

  27. manju said on Wednesday, November 18, 2009, 15:30

    This is really good program but it is not taking the rebate for Women employees. pls check and reply

    thanks

    Reply

    admin Reply:
    November 19th, 2009 at 6:55 am

    @Manju
    Could you please explain about Rebate for women employees you have referred ? Do you mean the tax slab for women ? Please select the category option for calculating tax for women. Thanks

    Reply

  28. Gyan Ranjan Mishra said on Thursday, November 19, 2009, 21:39

    Could you tell me why I am not getting the negative values after entering the values for rebate under section 89(1), Tax deducted at source etc. I request admin to look into it. Tax with arrears: 12477, Edu cess: 374, Rebate under sec 89(1): 7578, Tax deducted at source: 8444. But Balance Income tax Payable Shows: 0 even if I click on generate IT statement. Hope the problem will be solved soon. Thanks.

    Reply

    admin Reply:
    November 20th, 2009 at 7:23 pm

    @Gyan Ranjan Mishra,
    Thanks for pointing out this issue. We had assumed that if tax paid in excess, balance tax payable has to be Zero. Now as suggested by you, negative value would be shown if tax paid is more than payable. Thanks

    Reply

  29. bamidi ramesh said on Saturday, November 21, 2009, 15:27

    Sir,
    Just now i had registered myself at gconnect web portal for calculation of it. It is very much helpful for individuals for calculating their it and update as and when necessary and so also one can obtain a hard copy if he/ she wishes. Now i find one problem rather two, they are :1)I am a state govt employee, I have an increment date in June instead of July as in the case of Central Govt staff. I find difficult to edit the June col along with edit of DA and HRA coloumns.
    2) There is no mention of House BUilding Advance /loan interest . There is mention of HBA principal only. I hope u understand.

    Reply

  30. Suman Ghosh said on Wednesday, November 25, 2009, 14:47

    The software is very helpful  and nicely developed but needs to be corrected in some places mentioned below:-
    1. For the purpose of HRA calculation, salary means basic plus DA. In your software DA has not been considered.
    2. For donation made to other organisation except PMRY, deduction should be on the basis of 50% of the donated amount and not on 100%.

    Reply

    admin Reply:
    November 25th, 2009 at 10:10 pm

    @Suman Ghosh
    point No: 1 Please check this article.
    http://gconnect.in/gc/service/personal-income-tax/it-exemption-for-hra-should-we-take-da.html
    For the purpose of calculation taxable portion of HRA, only basic pay (pay in pay band and grade pay) needs to be taken

    Reply

  31. chinnadurai.r said on Monday, December 7, 2009, 12:51

    thanks to gc. what a wonderful software which is very useful to govt employees. thanks once again. please enlighten the promotion avenue.

    Reply

  32. Nanda Dulal said on Tuesday, December 22, 2009, 14:44

    incime tax calcultion software is good but it is not useful for govt. employes covered under NPS,those who joined service on or after 1.1.2004.

    Reply

  33. Suman Ghosh said on Thursday, December 24, 2009, 23:25

    Sir,
    What is about the issue raised by me on donation? Apart from 60% arrear pay there may be arrear pay on account of MACP. How to incorporate MACP arrear for calculation of relief?

    Reply

    admin Reply:
    December 28th, 2009 at 2:53 pm

    @Suman Ghosh
    Relief under Section 89(1) could be calculated for any type of arrears received this year

    Reply

  34. CHANDRAKANT said on Monday, January 18, 2010, 8:34

    Sir,
    The tuition fees of Rs.20,658/- has been received in F.Y. 2009-10 and add in Total Income. Same amount can I take in rebate (U/S 80C/CCC/CCD). Please suggest to me that Tition fees is taxable or not.
    Your web site are help to all of my office staff.
    Thanking You, Chandrakant.

    Reply

    admin Reply:
    January 25th, 2010 at 3:34 pm

    @Chandrakant
    children education allowance received from the employer is taxable. At the same time tuition fees could be deducted from the income under Section 80C

    Reply

  35. ramesh said on Saturday, January 23, 2010, 15:59

    Sir, thanks to GC. my 60% arrears credited to my GPF A/c dg sep 09. Now when i claimed for relief under sec 89(1), in my office they are objecting stating that ” after getting exemption under 80cc for 60% arrears which credited to GPF , for the same 60% arrears the relief under sec 89(1) cannot be given. kindly enlighten me regarding this with IT rules regarding this. thank you in advance. ramesh

    Reply

    admin Reply:
    January 24th, 2010 at 4:46 pm

    @Ramesh
    Rebate under Section 80 CC for the arrears deposited in GPF account and relief under Section 89(1) for the arrears paid during this year can be claimed simultaneously. Refer the recent circular issued by IT department for estimation of Income tax for salaried class.

    http://gconnect.in/gc/service/personal-income-tax/it-calculation-2009-10-for-salaried-class-notified.html

    Reply

  36. Ambresh Kumar said on Saturday, February 6, 2010, 21:01

    My questions are: 1. Is the portions of arrears relevant to previous years could be distributed to the annual income of that particular year ?

    2. I have started my service from August 2007 (MHRD) and received 6th CPC arrear of Rs. 31616(40%) and Rs. 47424(60%) during FY 2009-10. How this arrear can be distributed to the relevant Fin. Years ? 3. Which form Number can be used to calculate income tax for the year 2009-10? 4. What is the meaning of net taxable income ?
    is it includes the standard deduction or not?

    Reply

    admin Reply:
    February 9th, 2010 at 10:51 pm

    @Ambresh Kumar
    1. Relief under Section 89(1) is the difference between tax payable had the entire arrears is accounted in the current year and the tax payable if the arrears amount is distributed to previous years. This relief can be deducted from the tax calculated from the income including arrears this year.
    2. If the both of the arrears are received by you this year, calculate the total of the same and then distribute this amount to the relevant previous years.
    3. If you want register you can use the login version of the Gconect income tax tool. Else use the other one.
    4. Net taxable income=gross salary+arrears-deductions at source such as interest on housing load-HRA (if applicable)-savings under Section 80C, CCD etc

    Reply

  37. K. SASIDHARAN said on Monday, February 8, 2010, 15:48

    Dear Sir, How this Transport allowance is calculated for IT. In the pre-revised scale I was getting Rs 400/- as Transportllowace. And as on March 2009, my Tpt. allowance was Rs. 1856/-. More over in the IT Entry Sheet TA is given only in the pre-revised scale, i.e. 200,300,400,600 etc.

    Reply

  38. admin said on Monday, February 8, 2010, 22:09

    reply from Admin: @K. SASIDHARAN

    Please recheck the GConnect income tax tool.  Provision has been made to enter all TA slabs-300, 400, 600, 800, 1600 and 3200

     

    Reply

  39. Jagdamba Prasad said on Friday, February 12, 2010, 16:01

    dear Sir
    You have included deduction under Section 80DDB in the calculation sheet but the circular dated 11th Jan 2010 does not mention it for deduction at source.How to reconcile with .

    Reply

    admin Reply:
    February 13th, 2010 at 8:00 am

    Deduction under 80DDB is very much available for this year. Circular mentioned by you is a compendium of existing instructions. However, section 800 DDB which in vogue straightaway provides deduction of upto 60K for Seniors and 40K for others. Please check this IT site
    http://www.incometaxindia.gov.in/acts/Income%20Tax%20Act/80ddb.asp

    Reply

    Jagdamba Prasad Reply:
    February 13th, 2010 at 8:40 pm

    Dear sir
    What I wanted to know was ,if DDO can give deductions or the deduction is to be claimed at the time of filing the return.

    Reply

    admin Reply:
    February 17th, 2010 at 5:50 pm

    Income and deduction statement has to be filed by you with your employer, who will provide you Form 16 after verifying your income and deduction details. Then you have to file ITR-1 or ITR-2 with Income Tax department during the month of June every year along with Form-16 provided by your employer

  40. P K Patidar said on Sunday, February 28, 2010, 11:04

    very good software for IT .Please make provision for new pension scheme holders.

    Reply

  41. Deepak said on Sunday, February 28, 2010, 11:09

    D/sir,

    is there a tool on Gconnect which directly generates printable ITR 2 form by entring various income details under all heads by the user? If not then it will be very useful if Gconnect provides such a tool. thank you

    Reply

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