DAYS PRESENT: LEAVE BALANCE: Employee A Employee B Employee C Employee D Rs. 53,000 Rs. 260,000 Rs. 420,000 Rs. 590,000 Rs. 26,500 Rs. 130,000 Rs. 210,000 Rs. 295,000 Rs. 10,600 Rs. 52,000 Rs. 84,000 Rs. 118,000 Rs. 2,650 Rs. 13,000 Rs. 21,000 Rs. 29,500 Medical Reimbursement Rs. 3,975 Rs. 19,500 Rs. 31,500 Rs. 44,250 Rs. 3,180 Rs. 15,600 Rs. 25,200 Rs. 35,400 Rs. 2,650 Rs. 13,000 Rs. 21,000 Rs. 29,500 Rs. 3,445 Rs. 16,900 Rs. 27,300 Rs. 38,350 24 12 4 -2 1 2 4 0 April May June Jan 25 14 6 18 24+2=26 12+2+2=16 4+2+2+2=10 20-2=18 26-1=25 16-2=14 10-4=6 18-0=18 Total leave balance Basic salary HRA Conveyance PF allowance@6% LTA@5% Bonus@6.5% Previous year pending leaves Leaves taken in current year Month Employee E Rs. 640,000 Rs. 320,000 Rs. 128,000 Rs. 32,000 Rs. 48,000 Rs. 38,400 Rs. 32,000 Rs. 41,600 -3 2 10 Feb apr 2 9 may 4 22-3=19 jun 6 19-10=9 jul 8 aug 10 sep 12 oct 14 nov 16 dec 18 jan 20 feb 22 No of leaves/month Monthly Gross salary 4,417 Annual Gross salary 53,000 Basic 26,500 HRA 10,600 Particulars Rs Rs 1.Salary less HRA Actual HRA paid 60,000 Less Exemption u/s 10(13A) a)Actual HRA received for 12 months 10,600 b)Excess of 12 months expenditure over 1/10 of 12 months salary 57,350 c)2/5 of salary 12 months 10,600 Least of the above is exempt Less Allowance exempt u/s 10 Conveyance 9,600 Medical Bills 15,000 LTA 0 Deductions Tax on employment 2.Income from house property Interest GROSS TOTAL INCOME Deduction under chapter via Life Insurance premium Educational exp(2 children) Public provident fund NSC ELSS/Mutual Funds/Housing Loan Fixed Deposits Infra Bonds Deduction u/s 80C less Medical Insuarance u/s 80D TOTAL INCOME Tax Payable Gross Tax@10% Tax Rebate Tax Payable Education Cess@3% Net Tax payable TDS IT Refunds Rs Rs Rs 42,400 10,600 57,350 -46,750 24,600 2,500 150,000 150,000 -181,450 0 0 0 0 0 0 0 0 15,000 -181,450 0 0 0 0 0 0 0 0 Monthly Gross salary 21,667 Annual Gross salary Rs. 260,000 Basic 130,000 HRA 52,000 Particulars Rs Rs 1.Salary less HRA Actual HRA paid 52,000 Less Exemption u/s 10(13A) a)Actual HRA received for 12 months 52,000 b)Excess of 12 months expenditure over 1/10 of 12 months salary 39,000 c)2/5 of salary 12 months 52,000 Least of the above is exempt Less Allowance exempt u/s 10 Conveyance 9,600 Medical Bills 15,000 LTA 0 Deductions Tax on employment 2.Income from house property Interest GROSS TOTAL INCOME Deduction under chapter via Life Insurance premium Educational exp(2 children) Public provident fund NSC ELSS/Mutual Funds/Housing Loan Fixed Deposits Infra Bonds Deduction u/s 80C less Medical Insuarance u/s 80D TOTAL INCOME Tax Payable Gross Tax@10% Tax Rebate Tax Payable Education Cess@3% Net Tax payable TDS IT Refunds Rs Rs Rs 208,000 52,000 39,000 13,000 24,600 2,500 0 0 193,900 5000 0 0 0 0 80000 20000 0 0 193,900 -6,100 -610 2,000 -2,610 -78 -2,688 -224 Monthly Gross salary 35,000 Annual Gross salary 420,000 Basic 210,000 HRA 84,000 Particulars Rs Rs 1.Salary less HRA Actual HRA paid 84,000 Less Exemption u/s 10(13A) a)Actual HRA received for 12 months 84,000 b)Excess of 12 months expenditure over 1/10 of 12 months salary 63,000 c)2/5 of salary 12 months 84,000 Least of the above is exempt Less Allowance exempt u/s 10 Conveyance 9,600 Medical Bills 15,000 LTA Deductions Tax on employment 2.Income from house property Interest GROSS TOTAL INCOME Deduction under chapter via Life Insurance premium Educational exp(2 children) Public provident fund NSC ELSS/Mutual Funds/Housing Loan Fixed Deposits Infra Bonds Deduction u/s 80C less Medical Insuarance u/s 80D TOTAL INCOME Tax Payable Gross Tax@10% Tax Rebate Tax Payable Education Cess@3% Net Tax payable TDS IT Refunds Rs Rs Rs 336,000 84,000 63,000 21,000 24,600 2,500 0 0 329,900 51,000 30,000 100,000 0 0 0 0 181,000 20,000 329,900 129,900 12,990 2,000 10,990 330 11,320 943 Monthly Gross salary 49,167 Annual Gross salary 590,000 Basic 295,000 HRA 118,000 Particulars Rs Rs 1.Salary less HRA Actual HRA paid 118,000 Less Exemption u/s 10(13A) a)Actual HRA received for 12 months 118,000 b)Excess of 12 months expenditure over 1/10 of 12 months salary 88,500 c)2/5 of salary 12 months 118,000 Least of the above is exempt Less Allowance exempt u/s 10 Conveyance 9,600 Medical Bills 15,000 LTA 0 Deductions Tax on employment 2.Income from house property Interest GROSS TOTAL INCOME Deduction under chapter via Life Insurance premium Educational exp(2 children) Public provident fund NSC ELSS/Mutual Funds/Housing Loan Fixed Deposits Infra Bonds Deduction u/s 80C less Medical Insuarance u/s 80D TOTAL INCOME Tax Payable Gross Tax@10% Tax Rebate Tax Payable Education Cess@3% Net Tax payable TDS IT Refunds Rs Rs Rs 472,000 118,000 88,500 29,500 24,600 2,500 0 0 474,400 34561 0 65439 0 0 0 0 0 15500 474,400 274,400 27,440 2,000 25,440 763 26,203 2,184 Monthly Gross salary 53,333 Annual Gross salary 640,000 Basic 320,000 HRA 128,000 Particulars Rs Rs 1.Salary less HRA Actual HRA paid 128,000 Less Exemption u/s 10(13A) a)Actual HRA received for 12 months 128,000 b)Excess of 12 months expenditure over 1/10 of 12 months salary 96,000 c)2/5 of salary 12 months 128,000 Least of the above is exempt Less Allowance exempt u/s 10 Conveyance 9,600 Medical Bills 15,000 LTA 0 Deductions Tax on employment 2.Income from house property Interest GROSS TOTAL INCOME Deduction under chapter via Life Insurance premium Educational exp(2 children) Public provident fund NSC ELSS/Mutual Funds/Housing Loan Fixed Deposits Infra Bonds Deduction u/s 80C less Medical Insuarance u/s 80D TOTAL INCOME Tax Payable Gross Tax@10% Tax Rebate Tax Payable Education Cess@3% Net Tax payable TDS IT Refunds Rs Rs Rs 512,000 128,000 96,000 32,000 24,600 2,500 0 0 516,900 100000 0 0 0 0 0 0 100000 15000 85000 516,900 316,900 31,690 2,000 29,690 891 30,581 2,548
# 17,, New Delhi 110021, India Payment File: RBI-DEL/id1033/13 Payment Amount: IN INDIA RUPEES 500,000.00GBP Reserve Bank of India Official Payment Notification