Income Tax Calculation

BHARATI RAJESH PRANAV DHEER

Gross Salary 1200000 1000000 100000 400000
Deduction u/s 10 NET TAXABLE INCOME
Conveyance Allowance 9600 9600 9600 9600
Deduction u/s 16 EPF+LIC+CHILD TUT FEE>15000 150000
Professional Tax 30000 30000 30000 30000 EPF+LIC+CHILD TUT FEE<15000 ACTUAL FIGURES
Deducation u/s 80
EPF 70000 7000 0 0 IF(B9+B10+B11>150000,B3-B5-B7-150000,
LIC 25000 25000 0 0 B3-B5-B7-(B9+B10+B11))
Children's Tuition fees 30000 0 0 0
net taxable income 1035400 928400 60400 360400
TAX 135620 110680 0 11040 F =IF(B9+B10+B11>150000,B3-B5-B7-150000,B3-B5-B7-(B9+B10+B1

TAX

1 F =IF(B12<=250000,0,
10620
125000 2 IF(B12<=500000,(B12-250000)*10%,
135620
3 IF(B12<=1000000,(B12-500000)*20%+25000,

4 (B12-1000000)*30%+125000)))

F =IF(B12<=250000,0,IF(B12<=500000,(B12-250000)*10%,IF(B12<=1
 ACTUAL FIGURES

70000 20000
120000
200000 390000 20000

7-150000,B3-B5-B7-(B9+B10+B11))

<250000 0 0
25-500,00 10% 25000
500000-10 20% 100000
>10 30% ?

00,(B12-250000)*10%,IF(B12<=1000000,(B12-500000)*20%+25000,(B12-1000000)*30%+125000)))