Income Source Annual Amount TDS rate TDS amount

Salary 1440000 0.1 68300

Dividend (Company 1) 5500 0.05 275
Dividend (Company 2) 14500 0.05 725
Commission (Source 1) 18000 0 0
Commission (Source 2) 75000 0.05 3750
Interest (Bank 1) 6000 0 0
Interest (Bank 2) 48000 0.1 4800
Agriculture Income 50000 0 0

Total income 1657000 Total TDS amount 77850

Taxable income 850000

Tax Liability
Slab1 250000 0 0
Slab2 250000 0.05 12500
Slab3 350000 0.2 70000

Total Tax liability 82500

Refund/payment 4650
Exemptions
SDD 50000
80-C 150000
Interest 168000
Rent 264000
NPS 45000
PMCARES 80000

Deduction 757000
 Profit and loss statemen
Sales ( Revenue) 2565000
less: GST 128250
less: exise 97470
Net sales 2339280
less: COGS 1140000
Gross profit 1199280
less: SGA 55000
PBDITA 1144280
less: depreciation & amortilisation 35000
PBIT 1109280
less: interest 30000
PBT 1079280
less: corporate tax 269820
less: corporate tax 10793
PAT 798667
less: cash dividents 79867
Retained earning 718800
oss statement
 Profit and loss statemen
Sales ( Revenue) 2940000
less: GST 529200
less: exise 48216
less: custom 23626
Net sales 2338958
less: COGS 1470000
Gross profit 868958
less: SGA 50000
PBDITA 818958
less: depreciation & amortilisation 20000
PBIT 798958
less: interest 10000
PBT 788958
less: corporate tax 276135
less: corporate tax 11045
PAT 501777
less: cash dividents 75267
Retained earning 426511
oss statement