INDIAN INSTITUTE OF TECHNOLOGY KANPUR

Tentative Calculation for deduction of Income Tax

at source during the financial year 01-APR-2022 to 31-MAR-2023
(Assesment Year APR-2023 to MAR-2024)-OLD TAX REGIME(OPTION-1)

Name & Address Of Employer Name & Designation Of Employee

Indian Institute Of Technology Kanpur-208016 05101 SUJAY KUMAR GUPTA
PAN : AAAJI0169A DEPUTY REGISTRAR ACS
PAN : AHWPG2564J
DETAILS OF SALARY /SAVING /DEDUCTION :-

(1) Gross Salary Rs Rs. Rs.

(a) Pay & Allowances, Hon. , etc 2018041
Actual Salary From MAR-2022 to DEC-2022 :1253464
Basic :851000
D.A. :297164
HRA :0
TRA :97128
NPA :0
D.A. Arrear :7524
HRA Arrear :0
TRA Arrear :648
NPA Arrear :0
Supplementary:0
Other Income(Proj A/C,JEE,GATE/CCE/Med.Reimb.):226841
INSTITUTE -HONORARIUM :106600
LEAVE ENCASHMENT :37341
MEDICAL REIMBURSEMENT :9551
NEWSPAPER REIMBURSEMENT :3000
PERFORMANCE INCENTIVE :15000
TELEPHONE REIMBURSEMENT :1349
TUTION FEE REIM. :54000
Estimated Salary From JAN-2023 to FEB-2023 :257508
LTC Perquisite under section 17(2) :72525
RFA(Rent Free Accomodation) Perquisite :0
Arrear other than salary for DA/TR.A :11196
Employer NPS Contribution (Sec 80CCD-2) :196507
Less:Recoveries by Institute :0
Less : Higher Education Int. Paid :0
(2) Less : Standard Deduction 50000
(3) Less : HBA Interest/House Rent Exempted/Additional NPS 50000
HBA Interest Max. 2.0 Lakh Only(24B) :0
House Rent Exempted :0
Additional NPS(80CCD(1-B)) :50000
(4) Less--100% Rebate(Tution Fee 273432
Rebate,Mediclaim,Donation,Handicapped,NPS,Other Relief)
Tution Fee Rebate :2400

Developed By- Office Automation Division, IIT Kanpur

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 Medical Insu./Expens. :0
Donation(80G) :0
Handicapped (80U) :0
Employer NPS Contribution (Sec 80CCD-2) :196507
PM Cares/Contr Work Welf/Opp School :2000
LTC Rebate u/s 10(5) :72525
NEWSPAPER REIMBURSEMENT :3000
TELEPHONE REIMBURSEMENT :1349

Total Rebates 277781

Gross Total Income (1-2-3-4) 1640260
(5) Rebate on Savings(From Salary)
Under Section 80C
a[1] GROUP INSU. 5400
a[2] GTI_SBI 11970
a[3] NPS_REC 1783
a[4] N_PENSION 138579
b[1] Other Eligible Savings (Other than Salary) 84696
c[1] Infra Structure Rebate (Max. Rs. 20000) 0
Total Savings 242428
(6) Taxable Income 1490260
(7) Tax Computation
a[1]Upto Rs. 250000 0% - 0
a[2]Rs.250001and Upto Rs.500000 5% - 12500
a[3]Rs.500001and Upto Rs.1000000 20% - 100000
a[4]Equal or Above Rs.1000001 30% - 147078
Less Tax Rebate under Section 87A(If Taxable Income is <= 0
5 Lacs,Max Rebate will be 12500)
(8) Total of Income Tax 259578
(9) Tax payable 259578
(10) H.E.C.+ Surcharge of Tax Payable [ In Case of Taxable Income Exceeds ]
a[1]Upto Rs. 5000000 4.0% 10383
Total Surcharge of Tax Payable 10383
(11) Less : Tax Paid DEC-2022 215107
(12) Balance Tax payable from JAN-2023 to FEB-2023 (9+10-11) 54854

* Final Calculation Of Income Tax Will Be 31-MAR-2023. Kindly Check Tentative Income-Tax Statement.In Case Of Any Discrapancy,
Please Inform Account Section.

Developed By- Office Automation Division, IIT Kanpur

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