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  • Hemant Singh PF2123 E301 DIT A1

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    This document contains calculations of taxable income for an individual named MS Shobha. It includes: 1) Income from salaries of Rs. 1,06,300 and other sources of Rs. 80,000. 2) Deductions of Rs. 40,000 for medical insurance and disability. 3) Resulting net taxable income of Rs. 1,63,300.

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    This document contains calculations of taxable income for an individual named MS Shobha. It includes: 1) Income from salaries of Rs. 1,06,300 and other sources of Rs. 80,000. 2) Deductions of Rs. 40,000 for medical insurance and disability. 3) Resulting net taxable income of Rs. 1,63,300.

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    © All Rights Reserved
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    11 views4 pages

    Hemant Singh PF2123 E301 DIT A1

    Uploaded by

    Hemant Singh
    This document contains calculations of taxable income for an individual named MS Shobha. It includes: 1) Income from salaries of Rs. 1,06,300 and other sources of Rs. 80,000. 2) Deductions of Rs. 40,000 for medical insurance and disability. 3) Resulting net taxable income of Rs. 1,63,300.

    Copyright:

    © All Rights Reserved
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    of 4

    PNo 1

    NAME Hmant Singh


    ROLL NO PF223-E301
    SUBJECT DIT Assiqnment 1
    DIVISION E_

    QIlushralion 13:4
    MS Shobha (Phusicalls disabled to the txdento 50/e)
    AY 202122
    Leqal 6tatus : îndividual

    SolnlComputation ToBal lazable încome

    Partiala1s Ámount_ AmaLunt

    Income 0m salou 1O1630O


    nome 1om otBhe1 Souies S0000

    C10s9oBal înco.me I06300


    less Deduchions
    us80D Medical Insuiomce 25000
    US 80 U Disabikiu 50/ 15000 (LO0a0o)

    Net Taxa ble Income 16,3000

    Sundaram) FOR EDUCATIONAL USE


    PNo 2
    WoTking Notes

    Paxticulars Amount Amaunt

    ncome fiom_5alaries
    BasicSalaxs- 750000
    2 Deamss Allowantes 250000
    26000
    1onspo1t Allbuances.
    less EIUmpt C1200 6800
    Relmbuisement Medical exprnses 3000
    less: Empk (3000 Nil
    5 Ezanm wa1k ak collrqe allouwant 2000
    Adyanie salou 1eceived 50000

    lO.63 8000
    LessnRduchions

    SBandnd decluction Uls 6i) C50.000


    Piolessional Tazmid C25002

    Ntt Toable Incame 10,161300

    21Tncame om other souice


    1 Fzom nume1alion 10000
    DÍYidend uom indian_companu 15000
    3 Inh1rsts 0n temm_deposi's with
    C6mponírs 25000
    1ndntst an dehmiunt rampanirs 30000
    80000

    FOR EDUCATIONAL USE


    Cundaram
    PNa 3
    Tlushation 3-26
    Computahon tatabl income M1 Ravi
    AY 2021- 22 Py 2020-21
    leaal stahus Indivtdual Res-9taiis RaOR

    Saln)Computation 1otal lozable Income


    Paxticula1S Amaunt Amaunt

    nome Cm Salanes_ 6,73,500


    Ca0ss ncome 6.73.500
    LeSS Deduchionss
    Ds0DMrdiclaim hemium jr (14000)
    Se spmust
    Net Tozxabl încome_ 659 500

    |WOYRIng Notes

    POsieula1s Amaunt Amount

    Incom tiom salaiirs


    Basic 5alaus 600000
    Less Recoq nix PE deducion 30000) 5,1000
    2 BanuS declasecd
    3 FnletammmE alouuances 48000
    4 Home 1en allkaunnces 60000
    less Eumpt C24000 2 36000

    undaram FOR EDUCATIONAL USE


    PNo 4

    Parttculo1s AmoLun Amaunt

    51 Inavelinq allouumes 4000


    a Fizrdmedical allawanees
    1 Rquisite subsidised meal 24000

    Cayoss Intamehom salaiu- 7 261000D

    Less:Deduckians
    Stonda1d dcduchans Uls_6ci) (50,000)
    P10tssional taz prid (2500)

    NA ncome iom Salau 6173 500

    NoteIn.coma uom other sausces Such as money 1tceived an LIC


    maluniky and q1am_50m ul_eamplrd 1om
    Computahion taxablz incame

    undaram FOR EDUCATIONAL USE

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