Paid to Employee

Salary 100000
Conveyance (Reimbursements) 35000
135000

Breakup of Salary
Basic 25000
HRA 12500
Special Allowance 59650
Medical Allowance 1250
Conveyance Allowance 1600
100000

Total Investments Received

Home Loan Interest 319649

Home Loan Principal 105979
425628

Rent Receipt 22000 Per month

Medical 19122 (on father's name)
41122

*calculate the tax amount by considering maximum deductions under various section for salaried person.
 Particulars Amount
Income Under Salary Basic 300,000
HRA 150,000
Special Allowance 715,800
Medical Allowance 15,000
Conveyance Allowance 19,200
Total 1,200,000
Deduction U/S 10(13A):- Lower of the following 150,000
HRA Received 150000
50% of Salary (Basic+DA) 150000
Rent Paid-10% of Salary 234000
Gross Salary 1,050,000
Less: Std. Deduction 50,000
taxable Salary 1,000,000

Income Under HP -200,000

Gross Income 800,000

tion for salaried person. Deduction u/c VIA
u/s 80C 150000
u/s 80D 19122

Taxable Income 630,878

Tax 38,676
Add: HEC@4% 1,547

Total Tax (rounded off) 40,220