Computation of Total Income

Income from Salary (Chapter IV A) 779813

Jila mahila chikitsalay
Employer Status: Other
gorakhpur gorakhpur g
Salary 696735
Dearness Allowance 131076
other allowance 2002
829813
Less: Standard Deduction u/s 16(ia) 50000
779813
Gross Total Income 779813
Less: Deductions (Chapter VI-A)
u/s 80C
G.P.F. 97430
GIS 2000
Total 99430
99430
99430
Total Income 680383
Round off u/s 288 A 680380
Adjusted total income (ATI) is not more than Rs. 20 lakh hence AMT not applicable.
Tax Due (Exemption Limit Rs. 250000) 48576
Health & 1943
Education Cess
(HEC) @ 4.00%
50519
Tds deducted 40000
10519
Tax Payable 0
Tax calculation on Normal income of Rs 680383/-
Exemption Limit :250000
Tax on (500000 -250000) = 250000 @5% = 12500
Tax on 500001 to 680383 = 180383 @20% = 36077
Total Tax = 48577