TRY UR LUCK. THERE ARE SO MANY CALCULATORS ON THE NET. GO THROUGH THE FOLLOWING LINKS ONE BY ONE AND TAKE PRINT OUT AND SAY WHICH IS THE BEST CALCULATOR. 1. http://gconnect.in/pages/pay_calc_pb12.html 2. http://www.scribd.com/doc/5368897/SPC-Calculator 3. http://rapidshare.com/files/141483029/6pay.xls 4. http://rs57.rapidshare.com/files/141483029/6pay.xls 5. www.gconnect.in 6. http://gate.iitm.ac.in/6pc/index.php 7. http://sudhiracharya.blogspot.com/ 8. http://railwayemployee.blogspot.com 9. http://www.scribd.com/doc/5025170/Approved-Sixth-pay-Commission-Arrears-Calculator 10. http://www.scribd.com/doc/4834147/SIXTH-PAY-COMMISSION-ARREARS-AND-FIXATIONSOFTWARE 11. http://www.scribd.com/doc/4834147/SIXTH-PAY-COMMISSION-ARREARS-AND-FIXATIONSOFTWARE 12. http://www.scribd.com/doc/5137277/PayCommissionArrearsafterCabinetApproval 13. http://www.scribd.com/doc/4831682/PayCommissionArrearsafterCabinetApproval 14. http://www.scribd.com/doc/4882877/6PCArrearsCalculatorNavtej-Singh 15. http://www.scribd.com/doc/4761374/Arrears-Calculator 16. http://www.scribd.com/doc/5140705/6th-pay-commission-salary-and-arrears-calculator-India 17. http://www.scribd.com/doc/5140780/6th-pay-commission-salary-and-arrears-calculator-India 18. http://www.scribd.com/doc/4917008/pcarrearspb3 19. http://www.scribd.com/doc/4951675/Pramods-6thpay-calculator 20. http://www.scribd.com/doc/5002032/PERFECT-ARREAR-AND-PAY-CALCULATOR-OF-6TH-CPC-INDIA 21. http://www.scribd.com/doc/4949847/Salary-calculator-6-CPC-civ-and-Def 22. http://www.scribd.com/doc/4949847/Salary-calculator-6-CPC-civ-and-Def 23. http://www.scribd.com/doc/4782581/pcarrearsIT 24. http://www.scribd.com/doc/5143903/BP 25. http://www.scribd.com/doc/4887765/hansraj 26. http://www.scribd.com/doc/5059139/6th-Pay-Commission-Arrears-Calculator-Updated?from_related_doc=1 Click here to tell your friends/colleagues about this

Government to levy Income tax on Arrears

Govt to levy income-tax on 40 per cent pay arrears this year New Delhi, Sep 3 (PTI) Government today said it would tax only 40 per cent of salary arrears to be paid to central government employees in the current fiscal on implementation of Sixth Pay Commission recommendations.Generally speaking income earned in a year is taxed in that particular year, official sources said.A section of the media today reported that the entire amount of arrears would attract tax this fiscal.As per the notification issued by the government last month, central government employees will get 40 per cent of arrears during the current financial year and the remaining amount in the next financial year.Government instructions issued on August 30, 2008, regarding fixation of pay and payment arrears consequent to implementation of the Sixth Central Pay Commission recommendations clearly states that in authorising the arrears income tax as due may also be deducted and credited to the government.The arrears with effect from January 2006 would cost Rs 29,373 crore. Of the arrears, 40 per cent would be paid during the current year to the 50 lakh employees of the central government.The revised pay scales will add Rs 4,500-5,500 crore to the government exchequer this fiscal in the form of personal income tax.Besides, some money would also come through indirect taxes as some of the increased pay would go into buying products and services, official sources said here. PTI