Akna Medical Private Limited

No 60, 3rdfloor ,Doddakalsandra, Kanakapura Main Road, Bangalore – 560062,

Bangalore,
Karnataka,
India
Income Tax Computation For The Financial Year 2022-2023

Employee No.: AKNA083 Name: Vinod Kumar

PAN No. : BKNPK1003M Gender : Male Location: Bangalore

Date of Join: 22-Jun-2020 Date of Birth : 13-Dec-1983 Date of Leaving:

Tax Regime: OLD

A) Taxable Income
(i) Monthly Income
Pay Items Total Apr 2022 May 2022 Jun 2022 July 2022 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023
BASIC 400001.00 33333.00 33333.00 33333.00 33333.00 33333.00 33333.00 33333.00 33334.00 33334.00 33334.00 33334.00 33334.00
HRA 200004.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00 16667.00
SPECIAL ALLOWANCE 2791.00 233.00 233.00 233.00 233.00 233.00 233.00 233.00 232.00 232.00 232.00 232.00 232.00
LTA 80004.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00
CAR LEASE AND FUEL 80004.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00 6667.00
TELEPHONE 18000.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00 1500.00
Total 780804.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00 65067.00

(ii) Adhoc Income

Pay Items Total Apr 2022 May 2022 Jun 2022 July 2022 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023
OTHER EARNINGS 40000.00 0.00 0.00 0.00 0.00 0.00 0.00 40000.00 0.00 0.00 0.00 0.00 0.00
Total 40000.00 0.00 0.00 0.00 0.00 0.00 0.00 40000.00 0.00 0.00 0.00 0.00 0.00

B) Deduction
Pay Items Total Apr 2022 May 2022 Jun 2022 Jul 2022 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023
PROF TAX 2400.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
INCOME TAX 10225.00 0.00 0.00 0.00 0.00 0.00 0.00 10225.00 0.00 0.00 0.00 0.00 0.00
Total 12,625.00 200.00 200.00 200.00 200.00 200.00 200.00 10425.00 200.00 200.00 200.00 200.00 200.00
C) Perquisites
Pay Items Total Apr 2022 May 2022 Jun 2022 July 2022 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023
Total

D) Gross Salary (A+C) ................................................................................. 820,804.00

E) Less exemption under Section 10

Monthly Rent
Month Metro / Non- Rent Paid HRA Basic DA 40 / 50 % Rent paid - HRA
metro Received of Basic DA 10% of Exemption
Basic
Apr 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
May 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Jun 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Jul 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Aug 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Sep 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Oct 40.00 13,050.00 16,667.00 33,333.00 13,333.00 9,717.00 9,717.00
Nov 40.00 13,050.00 16,667.00 33,334.00 13,334.00 9,717.00 9,717.00
Dec 40.00 13,050.00 16,667.00 33,334.00 13,334.00 9,717.00 9,717.00
Jan 40.00 13,050.00 16,667.00 33,334.00 13,334.00 9,717.00 9,717.00
Feb 40.00 13,050.00 16,667.00 33,334.00 13,334.00 9,717.00 9,717.00
Mar 40.00 13,050.00 16,667.00 33,334.00 13,334.00 9,717.00 9,717.00
Total 156,600.00 200,004.00 400,001.00 160,001.00 116,604.00 116,604.00
Item Exemption
House Rent Allowance : Section 10(13A) 116,604.00
Leave Travel Assistance : Sec. 10(5) 0.00
BOOKS AND PERIODICALS EXEMPT 0.00
CAR FUEL AND MAINTENANCE EXEMPT 0.00
CAR FUEL MORE THAN 1600CC EXEMPT 0.00
CAR LEASE EXEMPTION 0.00
DRIVER SALARY EXEMPT 0.00
EDUCATION EXEMPT 0.00
FUNDING PROFESSIONAL EDUCATION EXEMPT 0.00
GADGETS FOR PERSONAL AND PROFESSIONAL USE EXEMPT 0.00
TELEPHONE AND INTERNET REIMBURSEMENT EXEMPT 0.00
Total Exemptions 116,604.00

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F ) Income from Previous employer
Pay Items Amount

Total Income 0.00

Income Tax 0.00
Professional Tax 0.00
Provident Fund 0.00

G) Income after exemption ( D - E + F ) .................................................. 704,200.00

H) Less Deduction under Section 16 .................................................... 52,400.00

Sl.No. Description Amount

(i) Tax on Employment : Sec 16(iii) 2400.00
(ii) Standard Deduction : Sec 16(ia) 50,000.00

I) Income chargeable under the head salaries (G - H) ....................... 651,800.00

J) Add any other income declared by the employee (a+b)............... 0.00

(a) Other Income

Description Amount
Sub Total
(b) Income/Loss from house property [ (i) + (ii) ]......................... 0.00

(i) Interest on housing loan (Self occupied)....................... 0.00

(ii) Income/Loss from letout property

Property No Annual Rent Municipal Unrealized Net Annual Standard Interest on Income/ Considered
Recieved Taxes Rent Value(2-(3+4)) Deduction housing loan Loss(5-(6+7)) Amount
@30%
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Total :

K) Gross Total Income (I + J) .......................................................... 651,800.00

L) Deduction under chapter VI A ................................................... 113,384.00

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Investment Section Gross Qualifying Deductible
Life Insurance Premium 80C 2,448.00 2,448.00 2,448.00
Public Provident Fund 80C 80,000.00 80,000.00 80,000.00
Medical Insurance Premium 80D 15,416.00 15,416.00 15,416.00
Medical Insurance Premium - Dependant Parents 80D 15,520.00 15,520.00 15,520.00
Sub Total 113,384.00 113,384.00 113,384.00

M) Taxable Income ................................................................................. 538,416.00

N) Total Tax to be Paid ........................................................................... 20,990.00

Income Tax Surcharge Health & Edu. Total

Cess
20,183.00 0.00 807.00 20,990.00

O) Tax Paid Till Date ................................................................................... 10,225.00

Income Tax Surcharge Health & Edu. Total

Cess
Deduction Through Payroll 9,832.00 0.00 393.00 10,225.00
Direct TDS 0.00 0.00 0.00 0.00
Previous Employment 0.00 0.00 0.00 0.00
Total 9,832.00 0.00 393.00 10,225.00

P) Relief Under Section 89 .............................................................................. 0.00

Income Tax Surcharge Health & Edu. Total

Cess
0.00 0.00 0.00 0.00

Q) Annual Tax Balance ................................................................................. 10,765.00

Income Tax Surcharge Health & Edu. Total

Cess
10,351.00 0.00 414.00 10,765.00

R) TDS Recovered in current month .......................................................... 2,153.00

i) Monthly tax
Income Tax Surcharge Health & Edu. Total
Cess
2,070.00 0.00 83.00 2,153.00

S) Balance Payable (in 4 Installments) - Income Tax 8,612.00

@Rate of Rs. 2153 per month from Dec 2022

Created on: 16 Dec 2022, 15:29 +0530 Page 4 of 4