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First American (India) Pvt. Ltd.

No.184, Aveda Meta, Bangalore - 38

Income Tax Computation for the Financial Year 2017-2018 as on Nov 2017

Employee : Savitha Viswanathan - 12397 Date of Join : 01 Feb 2010

Gender : Female Date of Birth : 17 Sep 1984

PAN : AJWPV7635H

A) Taxable Income

(i) Monthly Income

Pay Items Total Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018

BASIC 132890.00 11134.00 11134.00 11134.00 11134.00 11134.00 11134.00 10416.00 11134.00 11134.00 11134.00 11134.00 11134.00

HRA 53161.00 4454.00 4454.00 4454.00 4454.00 4454.00 4454.00 4167.00 4454.00 4454.00 4454.00 4454.00 4454.00

SPECIAL ALLOWANCE 40378.00 3383.00 3383.00 3383.00 3383.00 3383.00 3383.00 3165.00 3383.00 3383.00 3383.00 3383.00 3383.00

MEDICAL REIMBURSEMENT 14919.00 1250.00 1250.00 1250.00 1250.00 1250.00 1250.00 1169.00 1250.00 1250.00 1250.00 1250.00 1250.00

ADVANCE BONUS 16710.00 1400.00 1400.00 1400.00 1400.00 1400.00 1400.00 1310.00 1400.00 1400.00 1400.00 1400.00 1400.00

Sub Total 258058.00 21621.00 21621.00 21621.00 21621.00 21621.00 21621.00 20227.00 21621.00 21621.00 21621.00 21621.00 21621.00

(ii) Adhoc Income

Pay Items Total Apr 2017May 2017Jun 2017Jul 2017 Aug 2017 Sep 2017Oct 2017Nov 2017Dec 2017Jan 2018Feb 2018Mar 2018

NIGHT SHIFT ALLOWANCE 300.00 0.00 0.00 0.00 300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

PERFORMANCE INCENTIVE 9205.00 189.00 252.00 3189.00 126.00 126.00 1945.00 3189.00 189.00 0.00 0.00 0.00 0.00

EXTRA PRODUCTION INC 17246.00 2170.00 1563.00 1638.00 0.00 454.00 3825.00 3388.00 4208.00 0.00 0.00 0.00 0.00

STATUTORY BONUS 11788.00 0.00 0.00 0.00 0.00 11788.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TRANSPORT ALLOWANCE 11604.00 0.00 0.00 1733.00 2000.00 2000.00 2000.00 1871.00 2000.00 0.00 0.00 0.00 0.00

Sub Total 50143.00 2359.00 1815.00 6560.00 2426.00 14368.00 7770.00 8448.00 6397.00 0.00 0.00 0.00 0.00

Sub Total 308201.00

B) Other Items

Pay Items Total Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
PF 15946.00 1336.00 1336.00 1336.00 1336.00 1336.00 1336.00 1250.00 1336.00 1336.00 1336.00 1336.00 1336.00

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PROF TAX 2400.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00

C) Perquisites

Perquisite Item Amount

Total 0.00

D) Gross Salary (A+C) 308201.00

E) Less exemption under Section 10 68075.00

Item Exemption

House Rent Allowance : Section 10(13A)

Total Rent Paid p.a 84000

HRA Recieved 53161.00

40% of Basic 53156.00

Rent Paid > 10% Basic 70711.00 53156.00

Leave Travel Assistance : Sec. 10(5) 0.00
Conveyance Assistance : Sec. 10(14) 0.00
Medical Reimbursement : Sec. 10 14919.00
Total Exemption 68075.00

F) Income from previous employer 0.00

Pay Item Amount

Total Income 0.00

Income Tax 0.00

Professional Tax 0.00

Provident Fund 0.00

G) Income after exemption (D - E + F) 240126.00

H) Less Deduction under Section 16

Sl No. Item Amount

(i) Tax on Employment : Sec 16(iii) 2400.00

Sub Total 2400.00

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I) Income chargeable under the head salaries (G - H) 237726.00

J) Add any other income declared by the employee 0.00

Description Value

Interest on Housing Loan 0.00

Sub Total 0.00

K) Gross Total Income (I + J) 237726.00

L) Deduction under chapter VI A 100946.00

Investment Section Gross Qualifying Deductible

Children Education 80C 85000.00 85000.00 85000.00

PF 80C 15946.00 15946.00 15946.00

Sub Total 100946.00 100946.00 100946.00

M) Taxable Income 136780.00

N) Round off to nearest 10 rupee 136780.00

O) Total Tax to be Paid

i) Calculated Raw Tax 0.00

ii) Less: Rebate Under Section 87A 0.00

Total Raw Tax to be Paid 0.00

P) i)Surcharge on Tax 0.00

ii) Education Cess 0.00

Sub Total 0.00

Q) Nett Tax (O + P) 0.00

R) Tax Paid Till Oct 2017 0.00

Raw Tax Surcharge Edu. Cess Total

Deduction Through Payroll 0.00 0.00 0.00 0.00

Direct TDS 0.00 0.00 0.00 0.00

Previous Employment 0.00 0.00 0.00 0.00

Total 0.00 0.00 0.00 0.00

S) Annual Tax Balance 0.00

Raw TaxSurchargeEdu. CessTotal

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0.00 0.00 0.00 0.00

Income Tax Recovered in current month 0.00

i) Monthly tax

Raw TaxSurchargeEdu. CessTotal

0.00 0.00 0.00 0.00

Balance Payable (in 4 Installments) - Income Tax 0.00@Rate of Rs.0.00/- p.m. from Dec - 2017

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