Income Tax Computed for the Current Financial Year as per the Last Processed Salary - June

2011 (Figures in INR)

Year To
Date

Current Month

Projection
for the year

Income under the head Salary

Basic Salary

8350.00

25050.00

100200.00

DA

1100.00

3300.00

13200.00

HRA

6259.00

16273.00

72604.00

Medical Allow.

3129.00

9389.00

37550.00

Transport Allow.

1878.00

4380.00

21282.00

LTA

1252.00

7512.00

18780.00

199.00

199.00

3244.00

9732.00

9732.00

Differential CPI

1596.00

1596.00

Monthly Bonus

1796.00

5388.00

21552.00

Annual Bonus
Monthly CPI Payout

Gross Salary

296695.00

Less Exemption
Transport Exemption
HRA Exemption

66300.01
9600.01
56700.00

Total Gross Salary

Less: Prof Tax
Taxable Salary

230394.99
200.00
230194.99

Income under the head House Property

Income under head Capital Gains

Income under head Other Sources

Gross Taxable Income

Less Chapter VIA

230194.99
39108.00

PF + VPF

13608.00

LIP

25500.00

80C - Deductions*
Taxable Income

39108.00
191090.00

Tax on Income

109.00

Net Tax Payable

109.00

Surcharge
Education Cess

0
3.00

Total Tax Payable

112.00

Tax Deducted at Source

463.00

TDS - Others
Balance Tax Payable /
Refund

0
-351.00