Month

Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Total

Basic
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
120000

Taxable Perks

HRA
SPL
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
5000
15000
60000 180000

LV/AW

Earnings
Bonus Med-All
LTA CarRun

Tax Computation
Cars/Other Automotive
Use of Movable Assets by Employees

A. Gross Salary
House Rent Allowance Exemption - 10(13A)
Transport Allowance Exemption - 10(14)
Gratuity Exemption - 10(10)
Exemption u/s 10
Children Education Allow Exemption - 10(14)
Leave Encashment Exemption - 10(10AA)
Leave Travel Allowance Exemption - 10(5)
Exemption u/s 17
Medical Allowance Exemption - 17(2)
Deductions
Tax on Employment
B. Income Chargeable Under the Head 'Salaries'
Income from House Property - Sec 24(b)
Exemption u/s 10
Income from Capital Gains / Other Sources
C. Gross Total Income
Deductions
Deductions Amounts Under Chapter VI-A
D. Total Income (rounded to 10)

Driver

Sodex

Deductions
32400
40000
432400
48000
0
0
0
0
0
0
2400
382000
-100000
0
282000
14400
267600

Section 80C

Section 80CCC/CCD
Other Sections

Total De

M
Remaining months in the year
Tax per month

Vishal Tembekar (AT&T Global Bu

Car-EMI

HF-EMI

Gross
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
30000
360000

PF
1200
1200
1200
1200
1200
1200
1200
1200
1200
1200
1200
1200
14400

Deductions
PTax
ITax
200
0
200
0
200
0
200
0
200
0
200
0
200
0
200
0
200
0
200
0
200
0
200
0
2400
0

Deductions Under Chapter VI-A

Employee Provident Fund
Voluntary Provident Fund / Public Provident Fund
Repayment of Housing Loan - Principal
Life Insurance Premium / Children Tuition Fees
NSS, NSC, MF, ULIP, Infrastructure Bonds, etc.
Deductions Under Section 80CCC/CCD(1)
80CCG Rajiv Gandhi Equity Scheme / 80G Donatio
80D Medical Insurance
80E Interest on Loan taken for Higher Education
Total Deductible

14400
0
0
0
0
0
0
0
0
14400

Monthly Tax

ng months in the year

month

l Tembekar (AT&T Global Business Services)

12
151

LWF
0
0
0
0
0
0
0
0
0
0
0
0
0

Net
28600
28600
28600
28600
28600
28600
28600
28600
28600
28600
28600
28600
343200

Rent
HRA
Declared Received
6000
6000
6000
6000
6000
6000
6000
6000
6000
6000
6000
6000
72000

5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
60000

Income Tax Calculatio

Tax Slab
Rate
000000 - 250000
0%
250001 - 500000
10%
500001 - 1000000
20%
> 1000000
30%
Tax on Total Income

Income Tax Payable

Tax on Total Income
Education Cess @ 3%
Tax Payable
Tax deducted at source u/s 192(1)
Balance Tax Payable

Rent-10%
Basic

40% of
Basic

HRA
Excempt

5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
5000
60000

4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
48000

4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
4000
48000

ncome Tax Calculation

Amount Balance
250000
17600
250000
0
500000
0
0
on Total Income

Tax
0
1760
0
0
1760

Income Tax Payable

rce u/s 192(1)

1760
53
1813
0
1813