REL PRO & PROP MANSER LTD

INCOME TAX PROJECTION FOR YEAR 2022 - 2023

Employee Code : 55010316 Employee Name : JADAV SATISH

Earnings/Deductions Actual Projection Total
Pan No. : AIQPJ8812P (03 Month(s)) (09 Month(s)) Tax Regime:Old

01) EARNINGS
01) Basic Salary 103,869.00 311,607.00 415,476.00
02) House Rent Allowance 24,000.00 72,000.00 96,000.00
03) ACB / PLI 103,125.00 0.00 103,125.00
04) Residual Choice Pay 141,762.00 425,286.00 567,048.00
Total 372,756.00 808,893.00 1,181,649.00
02) EXEMPTIONS
01) House Rent allowance u/s 10(13A) 54,452.00
Total 54,452.00 0.00 54,452.00
03) GROSS EARNING FROM SALARIES AFTER EXEMPTION (1-2) 1,127,197.00
04) VALUE OF PERQUSITES
01) Accommodation 0.00
Total 0.00 0.00 0.00
05) GROSS SALARY INCLUDING PERQUISITES (3+4) 1,127,197.00
Income from Previous Employer 0.00
Gross Salary Including previous employer 1,127,197.00
06) DEDUCTIONS - U/S 16(1)
01) Standard Deduction 50,000.00
02) Professional Tax 2,400.00
03) Professional Tax - Previous employer 0.00
Total 52,400.00
07) INCOME CHARGEABLE UNDER THE HEAD SALARIES (5-6) 1,074,797.00
08) INCOME FROM OTHER SOURCES / LOSS FROM HOUSE PROPERTY
Total 0.00
09) OTHER DEDUCTIONS AS PER IT ACT
Gross Amt. Rs Qual.Amt. Rs Ded. Amt. Rs
Medical Insr Premium (Non 20,789.00 20,789.00 20,789.00
Deduction under sec 80C 164,635.00 150,000.00 150,000.00
(* Refer details at the end)
Total 185,424.00 170,789.00 170,789.00
9A) MAXIMUM QUALIFYING AMOUNT 170,789.00
10) TOTAL TAXABLE INCOME (7+8-9A) 904,010.00
11) TAX PAYABLE 93,302.00
12) SURCHARGE ON TAX 0.00
13) EDUCATION CESS 3,732.00
14) TOTAL TAX (11+12+13) 97,035.00
15) TAX DEDUCTED IN CURRENT YEAR 40,347.00
16) REBATE U/S 89 0.00
17) TAX DEDUCTED BY PREVIOUS EMPLOYER 0.00
18) BALANCE TAX DEDUCTIBLE (14-15-16-17) 56,688.00
19) MONTHLY TAX RECOVERABLE (BALANCE MONTHS) 6,299.00

* Investment - U/S 80C Gross Amt Rs. Qual.Amt Rs. Total Rs.
Provident fund / VPF 49,860.00 49,860.00 49,860.00
Life Insurance Premium 7,775.00 7,775.00 7,775.00
Public Provident Fund 4,000.00 4,000.00 4,000.00
Tuition fee - child 1 103,000.00 103,000.00 103,000.00
Total 164,635.00 150,000.00 150,000.00