Month Total Gross

1 Apr-21 57,500
2 May-21 57,500
3 Jun-21 57,500
4 Jul-21 70,000
5 Aug-21 70,000
6 Sep-21 70,000
7 Oct-21 70,000
8 Nov-21 70,000
9 Dec-21 70,000
10 Jan-22 87,000
11 Feb-22 87,000
12 Mar-22 87,000
Total 853,500

Section 80 Deduction Table

Section Deduction on Allowed Limit (maximum) FY 2018-19

80C Investment in PPF Rs. 1,50,000
– Employee’s share of PF contribution
– NSCs
– Life Insurance Premium payment
– Children’s Tuition Fee
– Principal Repayment of home loan
– Investment in Sukanya Samridhi Account

– ULIPS
– ELSS
– Sum paid to purchase deferred annuity

– Five year deposit scheme

 – Senior Citizens savings scheme
– Subscription to notified securities/notified deposits
scheme
– Contribution to notified Pension Fund set up by Mutual
Fund or UTI.
– Subscription to Home Loan Account scheme of the
National Housing Bank
– Subscription to deposit scheme of a public sector or
company engaged in providing housing finance

– Contribution to notified annuity Plan of LIC

– Subscription to equity shares/ debentures of an approved

eligible issue

– Subscription to notified bonds of NABARD

80CCC For amount deposited in annuity plan of LIC or any other –

insurer for a pension from a fund referred to in Section
10(23AAB)

80CCD(1) Employee’s contribution to NPS account (maximum up to –

Rs 1,50,000)
80CCD(2) Employer’s contribution to NPS account Maximum up to 10% of salary

80CCD(1B) Additional contribution to NPS Rs. 50,000

80TTA(1) Interest Income from Savings account Maximum up to 10,000
80TTB Exemption of interest from banks, post office, etc. Maximum up to 50,000
Applicable only to senior citizens

80GG For rent paid when HRA is not received from employer Least of :
– Rent paid minus 10% of total income

– Rs. 5000/- per month

– 25% of total income
80E Interest on education loan Interest paid for a period of 8 years
80EE Interest on home loan for first time home owners Rs 50,000

80D Medical Insurance – Self, spouse, children – Rs. 25,000

Medical Insurance – Parents more than 60 years old or – Rs. 50,000

(from FY 2015-16) uninsured parents more than 80 years
old

80DD Medical treatment for handicapped dependent or payment – Rs. 75,000

to specified scheme for maintenance of handicapped
dependent

– Disability is 40% or more but less than 80% – Rs. 1,25,000

– Disability is 80% or more

80DDB Medical Expenditure on Self or Dependent Relative for – Lower of Rs 40,000 or the amount
diseases specified in Rule 11DD actually paid

– For less than 60 years old – Lower of Rs 1,00,000 or the amount

actually paid
– For more than 60 years old
80U Self-suffering from disability : – Rs. 75,000
– An individual suffering from a physical disability – Rs. 1,25,000
(including blindness) or mental retardation.

– An individual suffering from severe disability

80GGB Contribution by companies to political parties Amount contributed (not allowed if paid
in cash)
80GGC Contribution by individuals to political parties Amount contributed (not allowed if paid
in cash)
80RRB Deductions on Income by way of Royalty of a Patent Lower of Rs 3,00,000 or income received
 Income Other
Basic HRA TA DA OT Bonous Other PF Food
tax deduction

34,500 17,250 2,875 2,875

34,500 17,250 2,875 2,875
34,500 17,250 2,875 2,875
42,000 21,000 3,500 3,500
42,000 21,000 3,500 3,500
42,000 21,000 3,500 3,500
42,000 21,000 3,500 3,500 65,000 5,000
42,000 21,000 3,500 3,500 10,000
42,000 21,000 3,500 3,500 6,000
52,200 26,100 4,350 4,350 6,000
52,200 26,100 4,350 4,350 20,000
52,200 26,100 4,350 4,350 65,000 6,000
512,100 256,050 42,675 42,675 - 130,000 - 53,000 - -

6249
12.5
118.44
Net Salary Other Details Amount

57,500 House rent paid from April-18 to Mar-19 180,000

57,500
57,500 Paid under Section 80C (Max. 1,50,000) 150,379
70,000 Paid for PPF account 92,000
70,000 Paid to LIC policy 18,379
70,000 Fixed Deposit
130,000 Paid for PF account -
60,000 Matual fund SIP
64,000 Other 40,000
81,000
67,000 Paid under Section 80D 26,281
146,000 Paid for owm/wife/child medical checkup 3,499
930,500 Health insurance 7,226
Medial 15,556
 Decription Amount Decription

Total income 983,500 Total income

Deduction of HRA under section 80G 128,790 Deduction of HRA under section 80G
Interest Home loan 53,500 Interest Home loan
Standard Deduction 50,000 Standard Deduction
Tax able income 751,210 Tax income
Decutions 175,000 Other Incomes
Under section 80 C 150,000 Short Term capital Gain
Under section 80 D 25,000 Long Term capital Gain, u/s 112a
Income after deduction 576,210 Interest from saving Bank A/c
Tax for 2,50,000 ~ 5,00,000 12,500 Interest from F.D.R
Tax for 5,00,000 ~ 10,00,000 15,242 Dividend from Shares
Tax for 10,00,000 ~ Interst Home Loan
Total Tax 27,742 Taxable Income
Surcharge 1,109.68 Decutions
Gross Tax 28,852 Under section 80 C
(24,148) u/s 80TTA (Interest from saving A/c)
Under section 80 D
Income after deduction
Tax for 2,50,000 ~ 5,00,000
Tax for 5,00,000 ~ 10,00,000
Tax for 10,00,000 ~
Total Tax
Surcharge
Gross Tax
Tax Paid
Amount

983,500
128,790
53,500
50,000
751,210

220,531
(1,681)
8,694
8,323
8,088

996,846
183,694
150,000
8,694
25,000
813,152
12,500
62,630

75,130
3,005
78,136
53,000
 Month Total Gross Basic HRA TA DA OT Bonous Other

1 Apr-21 65,000 39,000 19,500 3,250 3,250

2 May-21 65,000 39,000 19,500 3,250 3,250
3 Jun-21 65,000 39,000 19,500 3,250 3,250
4 Jul-21 65,000 39,000 19,500 3,250 3,250
5 Aug-21 65,000 39,000 19,500 3,250 3,250
6 Sep-21 65,000 39,000 19,500 3,250 3,250
7 Oct-21 65,000 39,000 19,500 3,250 3,250 65,000
8 Nov-21 65,000 39,000 19,500 3,250 3,250
9 Dec-21 65,000 39,000 19,500 3,250 3,250
10 Jan-22 65,000 39,000 19,500 3,250 3,250
11 Feb-22 65,000 39,000 19,500 3,250 3,250
12 Mar-22 65,000 39,000 19,500 3,250 3,250 65,000
Total 780,000 468,000 234,000 39,000 39,000 - 130,000

6249
12.5
118.44
 Income Other Net Other Decriptio
PF Food Amount
tax deduction Salary Details n

65,000 House ren 180,000 Total inco

65,000 Deduction
65,000 Paid under 150,379 Interest H
65,000 Paid for 92,000 Standard
65,000 Paid to L 18,379 Tax able
65,000 Fixed Deposit Decutions
5,000 125,000 Paid for - Under sect
10,000 55,000 Matual fund SIP Under sect
6,000 59,000 Other 40,000 Income af
6,000 59,000 Tax for 2,
20,000 45,000 Paid unde 26,281 Tax for 5,
6,000 124,000 Paid for 3,499 Tax for 10,00,000 ~
- 53,000 - - 857,000 Health i 7,226 Total Tax
Medial 15,556 Surcharge
Gross Tax
 Decriptio
Amount Amount
n

910,000 Total inco 910,000

133,200 Deduction 133,200
53,500 Interest H 53,500
50,000 Standard 50,000
673,300 Tax incom 673,300
175,000 Other Incomes
150,000 Short Term 220,531
25,000 Long Term (1,681)
498,300 Interest f 8,694
12,500 Interest f 8,323
(340) Dividend f 8,088
Tax for 10,00,000 ~ Interst Home Loan
12,160 Taxable I 918,936
486.40 Decutions 183,694
12,646 Under sect 150,000
(40,354) u/s 80TTA 8,694
Under sect 25,000
Income af 735,242
Tax for 2, 12,500
Tax for 5, 47,048
Tax for 10,00,000 ~
Total Tax 59,548
Surcharge 2,382
Gross Tax 61,930
Tax Paid 53,000
To be Paid 8,930