The Institute of Chartered Accountants of India

Tax Work Sheet

20-Feb-2023 02:51 PM

Declaration Details
Tax Regime
Declaration ID: 4 Declaration Type: Final
Old Regime
Declaration Date: 20-Feb-2023 02:50 PM Declaration Status: Approved

Name and Designation of the Employee: PERIOD ASSESSMENT YEAR

Employee ID. 1010767 FROM TO
Name SURENDRA SINGH 2023-2024
Designation Dy Secretary 01-Apr-2022 31-Mar-2023
PAN/GIR No. BVPPS1164L

Salary Break - Up (in Rs.):

S. Year To Date Projection Total
Head Of Pay
No. Gross Taxable Gross Gross Taxable Gross Gross Taxable Gross
1 Basic 1,425,200.00 1,425,200.00 130,600.00 130,600.00 1,555,800.00 1,555,800.00
2 Dearness Allowance 536,620.00 536,620.00 49,628.00 49,628.00 586,248.00 586,248.00
3 HRA 384,804.00 384,804.00 35,262.00 35,262.00 420,066.00 420,066.00
4 Misc Earnings 100,000.00 100,000.00 - - 100,000.00 100,000.00
5 Employer PF 338,147.00 0.00 21,627.00 0.00 359,774.00 0.00
6 Hou Ln Int Addn 52.02 0.00 0.00 0.00 52.02 0.00
7 Hou Ln2 Int Addn 3,833.00 0.00 0.00 0.00 3,833.00 0.00
8 Personal Ln - Perquisite Value 0.00 38,390.35 0.00 4,327.33 0.00 42,717.68
9 Leave Encashment 175,070.00 175,070.00 0.00 0.00 175,070.00 175,070.00
10 Med Reimb 7,500.00 7,500.00 0.00 0.00 7,500.00 7,500.00
11 HH Ln - Perquisite Value 0.00 43.94 0.00 0.00 0.00 43.94
12 Gift Voucher - Perquisite Value 6,500.00 1,501.00 0.00 0.00 6,500.00 1,501.00
13 Ex Gratia 30,000.00 0.00 - - 30,000.00 0.00
14 Hou Ln2 - Perquisite Value 0.00 -35.71 0.00 172.60 0.00 136.90
15 Past period arrears 1,032,068.00 1,032,068.00 - - 1,032,068.00 1,032,068.00
16 Transport Allowance 109,080.00 109,080.00 9,936.00 9,936.00 119,016.00 119,016.00

Gross Salary 4,148,874.02 3,810,241.58 247,053.00 229,925.94 4,395,927.02 4,040,167.51

Tax Calculation Details:

Details of Salary paid and any other income and tax deducted Rs. Rs. Rs. Rs.

1. Gross Salary

(a) Salary as per provisions contained in sec.17(1) 3,995,768.00

Value of perquisites u/s 17(2) (as per Form No. 12BA, wherever
(b) 44,399.51
applicable)
Profits in lieu of salary under section 17(3) (as per Form No.
(c)
12BA, wherever applicable

(d) Total 4,040,167.51

Reported total amount of salary received from other

(e) 0.00
employer(s)

2. Less: Allowances to the extent exempt under section 10

(a) Travel concession or assistance under section 10(5) 0.00

(b) Death-cum-retirement gratuity under section 10(10) 0.00

(c) Commuted value of pension under section 10(10A) 0.00

Cash equivalent of leave salary encashment under section

(d) 0.00
10(10AA)

SURENDRA SINGH (1010767) Page 1 of 3

Details of Salary paid and any other income and tax deducted Rs. Rs. Rs. Rs.

(e) House rent allowance under section 10(13A) 0.00

(f) Amount of any other exemption under section 10

(g) Total amount of any other exemption under section 10 0.00

Total amount of exemption claimed under section 10 [2(a) +

(h) 0.00
2(b) + 2(c) + 2(d) + 2(e) + 2(g)]

3. Total amount of salary received from current employer [1(d) - 2(h)] 4,040,167.51

4. Less: Deductions under section 16

(a) Standard deduction under section 16(ia) 50,000.00

(b) Entertainment allowance under section 16(ii) 0.00

(c) Tax on employment under section 16(iii)

(i) Year to date 0.00

(ii) Projection 0.00

(iii) Total 0.00

5. Total amount of deductions under section 16 [4(a) + 4(b) + 4(c)(iii)] 50,000.00

6. Income chargeable under the head "Salaries" [3 + 1(e) - 5] 3,990,168.00

Add: Any other income reported by the employee under as per

7.
section 192 (2B)
Income (or admissible loss) from house property reported by
(a) -200,000.00 -200,000.00
employee offered for TDS

(b) Income under the head Other Sources offered for TDS 325,000.00 325,000.00

Total amount of other income reported by the employee [7(a) +

8. 125,000.00
7(b)]

9. Gross total income (6 + 8) 4,115,168.00

10. Deductions under Chapter VI-A Gross Amount Qualifying Deductible

Deduction in respect of life insurance premia, contributions to

(a)
provident fund etc. under section 80C

(i) Employee PF Contribution 359,774.00

Repayment of Housing loan principal/ payment of stamp

(ii) 198,846.00
duty

(iii) Total 558,620.00 150,000.00 150,000.00

Deduction in respect of contribution to certain pension funds

(b) 0.00 0.00 0.00
under section 80CCC
Deduction in respect of contribution by taxpayer to pension
(c) 0.00 0.00 0.00
scheme under section 80CCD (1)

(d) Total deduction under section 80C, 80CCC, 80CCD(1) 558,620.00 150,000.00 150,000.00

Deductions in respect of amount paid/deposited to notified

(e) 0.00 0.00 0.00
pension scheme under section 80CCD (1B)
Deduction in respect of contribution by Employer to pension
(f) 0.00 0.00 0.00
scheme under section 80CCD (2)
Deduction in respect of health insurance premia under section
(g) 0.00 0.00 0.00
80D
Deduction in respect of interest on loan taken for higher
(h) 0.00 0.00 0.00
education under section 80E
Total Deduction in respect of donations to certain funds,
(i) 0.00 0.00 0.00
charitable institutions, etc. under section 80G
Deduction in respect of interest on deposits in savings account
(j) 0.00 0.00 0.00
under section 80TTA
Amount deductible under any other provision(s) of Chapter VI-
(k)
A
Total of amount deductible under any other provision(s) of
(l) 0.00 0.00 0.00
Chapter VI-A

SURENDRA SINGH (1010767) Page 2 of 3

Details of Salary paid and any other income and tax deducted Rs. Rs. Rs. Rs.

Aggregate of deductible amount under Chapter VI-A [10(d) + 10(e)

11. 150,000.00
+ 10(f) + 10(g) + 10(h) + 10(i) + 10(j) + 10(l)]

12. Total taxable income (9 - 11) 3,965,168.00

13. Tax on Total Income

(a) Rs. 0 - Rs. 250,000 (Rs. 250,000 at 0%) 0.00

(b) Rs. 250,001 - Rs. 500,000 (Rs. 250,000 at 5%) 12,500.00

(c) Rs. 500,001 - Rs. 1,000,000 (Rs. 500,000 at 20%) 100,000.00

(d) Rs. 1,000,001 - Rs. 3,965,168 (Rs. 2,965,168 at 30%) 889,550.40

(e) Total 1,002,050.00

14. Rebate under section 87A, if applicable 0.00

15. Surcharge, wherever applicable 0.00

16. Health and education cess 40,082.00

17. Tax payable (13+15+16-14) 1,042,132.00

18. Less: Relief under section 89 (attach details) 0.00

19. Net tax payable (17 - 18) 1,042,132.00

20. Less: Tax deducted at source u/s 192(1) 1,003,647.00

21. Tax payable/refundable (19 - 20) 38,485.00

SURENDRA SINGH (1010767) Page 3 of 3