ICICI Lombard General Insurance Company Limited TAX FORECASTING FOR FEBRUARY 2022

TAX REGIME OPTED:OLD DOB:01/05/1993

EMPLOYEE:(1160) SUNEEL KOLLURI BRANCH:BANGALORE GENDER:M PAN:CNXPK2317L DOJ:15/06/2020
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————————————————————————————————————————————————————Actual————————————————————————————————————————————————————|Projected—
PARTICULARS APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH TOTAL
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BASIC 83475 83475 83475 83475 83475 58432 108518 72345 94605 0 166950 83475 1001700
H. R.A. 41738 41738 41738 41738 41738 29217 54259 36173 47303 0 83476 41738 500856
PERSONAL PAY 169922 127394 148658 148658 148658 104061 193255 128837 168479 0 297316 148658 1783896
TELEPHONE ALLOW 0 4000 2000 2000 2000 1400 2600 1733 2267 0 4000 2000 24000
CAR ALLOWANCE 0 4800 2400 2400 2400 1680 3120 2080 2720 0 4800 2400 28800
DRIVER SALARY 0 1800 900 900 900 630 1170 780 1020 0 1800 900 10800
BONUS 462562 0 0 0 0 0 0 0 0 0 0 0 462562
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TOTAL EARNING 757697 263207 279171 279171 279171 195420 362922 241948 316394 0 558342 279171 3812614
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PROFESSIONAL TA 200 200 200 200 200 200 200 200 200 0 200 200 2200
INCOME TAX 198150 42630 45216 45216 45216 30717 58973 38611 51605 0 159707 0 716041
PROVIDENT FUND 10017 10017 10017 10017 10017 7012 13022 8681 11353 0 20034 10017 120204
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TAX CALCULATIONS NEW REGIME OLD REGIME|PERK & OTHERS................................|CALCULATION OF HRA REBATE......................
————————————————— —————————— —————————|NPS EMPLOYER CONTRIBUTION 100176 | RENT FROM TO
TOTAL EARNING 3812614 3812614| | 42000 01/04/2021 31/03/2022 — HRA
ADD : PERKS & OTHERS 100176 100176|DEDUCTION U/S 10/17..........................|
TOTAL GROSS 3912790 3912790|HRA REBATE 400680 |A. HOUSE RENT ALLOWANCE 500856
|CAR EXP. 39600 |B. TOTAL RENT 504000
LESS: DEDUCTION U/S 10/17 63600 464280|OTHERS 24000 | LESS 10% OF BASIC SALARY (100164) 403836
LESS: PROFESSION TAX 0 2200|TOTAL 464280 |C. 40% OF BASIC SALARY 400680
LESS: STANDARD DEDUCTION 0 50000| | HRA REBATE (LEAST OF A,B,C) 400680
NET SALARY 3849190 3396310|INVESTMENTS U/S 80C..........................|
|PF—DED 120204 |
LESS: HOUSING LOAN INTEREST 0 0| |TAX CALCULATION ON TAXABLE INCOME....RS.3175936
LESS: INVEST. U/S 80C 0 120204|INVESTMENTS U/S 80(OTH)......................| 0— 250000: 250000 x 0% = 0.00
LESS: INVESTMENTS U/S 80(OTH) 100170 100170|80CCD(2)—NPS EMPLOYER CONTRIBUTION 100170 | 250000— 500000: 250000 x 5% = 12500.00
| | 500000— 1000000: 500000 x 20% = 100000.00
TAXABLE INCOME 3749020 3175936|—————————————————————————————————————————————|1000000— 3175936: 2175936 x 30% = 652780.80
|PROOFS RECEIVED..............................|TOTAL (Rounded) = 765281.00
TOTAL TAX 896695 795893|Rent 42000 |EDUCATION CESS @ 4% on 765281 = 30612.00
———————————————————————————————————————————————————|CAR EXEMPT DECLARED 39600 |TOTAL TAX = 795893.00
TAX APPLIED AS PER OLD REGIME 795893 |TEL EXEMPT DECLARED 24000 |
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LESS: TAX DEDUCTED AT SOURCE 716041 | |
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BALANCE TAX PAYABLE 79852 | |
BALANCE NUMBER OF MONTHS 1 | |
MONTHLY TAX 79852 | |