Name AB Tax Slab 2018-19 (NEW) from Jul

Minimum
Taxable
Grade (Type Grade in number only like 11 Income
Provident Fund (Type "Y" or "N") y -
Pension Fund (Type "Y" or "N") n 600,001
no of month 12 1,200,001
1,800,001
2,500,001
3,500,001
5,000,001
8,000,001
12,000,001
30,000,001
50,000,001
Salary Monthly Yearly 75,000,000
Basic 62,475 749,700
House Rent 45% 28,114 337,365
COLA 15% 9,371 112,455
Utility 10% 6,248 74,970
Conveyance - -
Total 106,208 1,274,490 1,274,490

Provident Fund 82,467 82,467

PF Exemption (74,970)

Pension Fund - -
Bonus 157,344
Vehicle Notional 5% of Vehicle Cost= 1,034,880 51,744
Other Income(Loan Notional 315,081
Deductible Allowance
Taxable Income (yearly) 1,806,156 150513 8,932,566
Effective Tax Rate 5.03%
Gros Income Tax Payable (Yearly) 90,923

Actual Maximum
Investment limit
Less:Tax Credit Amount
Pension Fund Contribution - - - -
Investment in Shares/Insurance - - - 1,500,000
Profit on Debt - - - 2,000,000
Charitable donation - - - -
-
Less: Advance Tax deducted -
Net Tax Payable 90,923

Tax Paid
Salary Upto May-19 11,951
Bonus 1,517
Previous employer -
Withholding Tax on vehicle & Mobile -
Withholding Tax on Property -
 Total 13,468
Remaining Tax Payable 77,455 28804
Remaining Months 1
Tax Per month 77,455