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  • Pricewaterhousecoopers Service Delivery Center (Bangalore) PVT LTD Income Tax Computation Statement

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    Rajat Singh
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    - Rajat Singh's income tax computation statement for the assessment year 2023-24 is presented for the month of July 2022. - His total taxable income for the year is projected to be Rs. 477,185 after accounting for exemptions, deductions, and tax credits. - Based on his taxable income, the total tax payable by Rajat Singh is Rs. 11,359.25. However, after applying tax credits, the total tax payable is Rs. 0.

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    - Rajat Singh's income tax computation statement for the assessment year 2023-24 is presented for the month of July 2022. - His total taxable income for the year is projected to be Rs. 477,185 after accounting for exemptions, deductions, and tax credits. - Based on his taxable income, the total tax payable by Rajat Singh is Rs. 11,359.25. However, after applying tax credits, the total tax payable is Rs. 0.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    43 views15 pages

    Pricewaterhousecoopers Service Delivery Center (Bangalore) PVT LTD Income Tax Computation Statement

    Uploaded by

    Rajat Singh
    - Rajat Singh's income tax computation statement for the assessment year 2023-24 is presented for the month of July 2022. - His total taxable income for the year is projected to be Rs. 477,185 after accounting for exemptions, deductions, and tax credits. - Based on his taxable income, the total tax payable by Rajat Singh is Rs. 11,359.25. However, after applying tax credits, the total tax payable is Rs. 0.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    PricewaterhouseCoopers Service Delivery Center (Bangalore) Pvt Ltd

    : GFJPS6906D
    Income Tax Computation Statement
    Tax Regime - Old Regime :
    1010889
    Employee Code : 40008277 PAN Number
    19 :
    Employee Name : Rajat Singh Employee ID
    01.06.20
    Gender : Male Date of Joining
    21
    Assessment Year : 2023-24 For Month : JUL,2022

    Heads of Income Monthly Actual YTD Projected Total


    (A) (B) (C) (B+C)

    Income from Salary


    Regular Income
    Basic Salary 20,500.00 67,750.00 164,000.00 231,750.00

    HRA 8,200.00 27,100.00 65,600.00 92,700.00

    Conveyance Allowance 1,600.00 6,400.00 12,800.00 19,200.00

    Medical Reimbursement 1,250.00 5,000.00 10,000.00 15,000.00

    Special Allowance 17,240.00 54,995.00 137,920.00 192,915.00

    Internet Allowance 1,000.00 4,000.00 8,000.00 12,000.00


    563,565.00
    Irregular Income
    Other Payment 11,100.00 11,100.00

    Referral Bonus 40,000.00 40,000.00


    .
    51,100.00
    Gross Salary 614,665.00
    . Less Exemptions U/s 10
    Net Salary 614,665.00

    Standard Deduction 50,000.00

    Employment tax 2,400.00

    . Total deduction 52,400.00

    Net Taxable Salary 562,265.00


    . Add/Less Inc from oth sources
    Gross Total Income 562,265.00

    . Less Deds under Chapter VI A 85,080.00

    Total Taxable Income 477,185.00

    Tax on Total Income 11,359.25

    . Less Tax Credit 11,359.25

    Total Tax Payable 0.00


    ..
    Employee Code: 40008277 Tax Regime - Old Regime PAN Number: GFJPS6906D
    Tax Payable Breakdown

    From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
    0.00 250,000.00 250,000.00 0.00 0.00
    250,000.00 477,185.00 227,185.00 5.00 11,359.25
    HRA CLA
    From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro

    Exemptions U/s 10 Amount

    Total 0.00

    Deductions under Chapter VIA


    Section Code Section Description Contribution Deductible
    Amount Amount
    80C Payment towards Life Insurance Policy 18,270.00

    80C PF 27,810.00

    Total deduction U/S 80C, 80CCC, 80CCD(1) 46080.00

    80E Repayment of Interest on Loan for Higher Education 39,000.00 39,000.00


    Aggr.Deductions under Chapter VI A 85,080.00
    Notes:
    1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
    2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.
    PricewaterhouseCoopers Service Delivery Center (Bangalore) Pvt Ltd
    : GFJPS6906D
    Income Tax Computation Statement
    Tax Regime - Old Regime :
    1010889
    Employee Code : 40008277 PAN Number
    19 :
    Employee Name : Rajat Singh Employee ID
    01.06.20
    Gender : Male Date of Joining
    21
    Assessment Year : 2023-24 For Month : JUN,2022

    Heads of Income Monthly Actual YTD Projected Total


    (A) (B) (C) (B+C)

    Income from Salary


    Regular Income
    Basic Salary 15,750.00 47,250.00 141,750.00 189,000.00

    HRA 6,300.00 18,900.00 56,700.00 75,600.00

    Conveyance Allowance 1,600.00 4,800.00 14,400.00 19,200.00

    Medical Reimbursement 1,250.00 3,750.00 11,250.00 15,000.00

    Special Allowance 12,585.00 37,755.00 113,265.00 151,020.00

    Internet Allowance 1,000.00 3,000.00 9,000.00 12,000.00


    461,820.00
    Irregular Income
    Other Payment 11,100.00 11,100.00 11,100.00

    Referral Bonus 40,000.00 40,000.00 40,000.00


    .
    51,100.00
    Gross Salary 512,920.00
    . Less Exemptions U/s 10
    Net Salary 512,920.00

    Standard Deduction 50,000.00

    Employment tax 2,400.00

    . Total deduction 52,400.00

    Net Taxable Salary 460,520.00


    . Add/Less Inc from oth sources
    Gross Total Income 460,520.00

    . Less Deds under Chapter VI A 79,950.00

    Total Taxable Income 380,570.00

    Tax on Total Income 6,528.50

    . Less Tax Credit 6,528.50

    Total Tax Payable 0.00


    ..
    Employee Code: 40008277 Tax Regime - Old Regime PAN Number: GFJPS6906D
    Tax Payable Breakdown

    From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
    0.00 250,000.00 250,000.00 0.00 0.00
    250,000.00 380,570.00 130,570.00 5.00 6,528.50
    HRA CLA
    From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro

    Exemptions U/s 10 Amount

    Total 0.00

    Deductions under Chapter VIA


    Section Code Section Description Contribution Deductible
    Amount Amount
    80C Payment towards Life Insurance Policy 18,270.00

    80C PF 22,680.00

    Total deduction U/S 80C, 80CCC, 80CCD(1) 40950.00

    80E Repayment of Interest on Loan for Higher Education 39,000.00 39,000.00


    Aggr.Deductions under Chapter VI A 79,950.00
    Notes:
    1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
    2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.
    PricewaterhouseCoopers Service Delivery Center (Bangalore) Pvt Ltd
    : GFJPS6906D
    Income Tax Computation Statement
    Tax Regime - Old Regime :
    1010889
    Employee Code : 40008277 PAN Number
    19 :
    Employee Name : Rajat Singh Employee ID
    01.06.20
    Gender : Male Date of Joining
    21
    Assessment Year : 2023-24 For Month : OCT,2022

    Heads of Income Monthly Actual YTD Projected Total


    (A) (B) (C) (B+C)

    Income from Salary


    Regular Income
    Basic Salary 15,870.97 124,620.97 124,620.97

    HRA 6,348.39 49,848.39 49,848.39

    Conveyance Allowance 1,238.71 10,838.71 10,838.71

    Medical Reimbursement 967.74 8,467.74 8,467.74

    Special Allowance 13,347.10 102,822.10 102,822.10

    Internet Allowance 1,000.00 7,000.00 7,000.00


    303,597.91
    Irregular Income
    Leave Encashment 17,083.33 17,083.33 17,083.33

    Notice Pay 78,583.18 78,583.18 78,583.18

    Other Payment 11,100.00 11,100.00

    Referral Bonus 40,000.00 40,000.00

    Statutory Bonus 24,719.24 59,012.44 59,012.44


    .
    205,778.95
    Gross Salary 509,376.86

    Less Exemptions U/s 10


    . Leave Salary Exemption 17,083.33

    Net Salary 492,294.00

    Standard Deduction 50,000.00

    Employment tax 1,400.00

    . Total deduction 51,400.00

    Net Taxable Salary 440,894.00


    . Add/Less Inc from oth sources

    Gross Total Income 440,894.00

    . Less Deds under Chapter VI A 14,955.00

    Total Taxable Income 425,939.00

    Tax on Total Income 8,796.95

    . Less Tax Credit 8,796.95

    Total Tax Payable 0.00

    Tax Deducted so Far (Incl.curr.month) 8,312.00

    ..
    Tax deducted from current employer 8,312.00

    Tax Refund 8,312.00


    .
    Employee Code: 40008277 Tax Regime - Old Regime PAN Number: GFJPS6906D
    Tax Payable Breakdown

    From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
    0.00 250,000.00 250,000.00 0.00 0.00
    250,000.00 425,939.00 175,939.00 5.00 8,796.95
    HRA CLA
    From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro

    Exemptions U/s 10 Amount

    Leave Salary Exemption 17,083.33

    Total 17,083.33

    Deductions under Chapter VIA


    Section Code Section Description Contribution Deductible
    Amount Amount
    80C PF 14,955.00

    Aggr.Deductions under Chapter VI A 14,955.00


    Notes:
    1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
    2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.
    PricewaterhouseCoopers Service Delivery Center (Bangalore) Pvt Ltd
    : GFJPS6906D
    Income Tax Computation Statement
    Tax Regime - Old Regime :
    1010889
    Employee Code : 40008277 PAN Number
    19 :
    Employee Name : Rajat Singh Employee ID
    01.06.20
    Gender : Male Date of Joining
    21
    Assessment Year : 2023-24 For Month : SEP,2022

    Heads of Income Monthly Actual YTD Projected Total


    (A) (B) (C) (B+C)

    Income from Salary


    Regular Income
    Basic Salary 20,500.00 108,750.00 123,000.00 231,750.00

    HRA 8,200.00 43,500.00 49,200.00 92,700.00

    Conveyance Allowance 1,600.00 9,600.00 9,600.00 19,200.00

    Medical Reimbursement 1,250.00 7,500.00 7,500.00 15,000.00

    Special Allowance 17,240.00 89,475.00 103,440.00 192,915.00

    Internet Allowance 1,000.00 6,000.00 6,000.00 12,000.00


    563,565.00
    Irregular Income
    Other Payment 11,100.00 11,100.00

    Referral Bonus 40,000.00 40,000.00

    Statutory Bonus 34,293.20 34,293.20 34,293.20


    .
    85,393.20
    Gross Salary 648,958.20
    . Less Exemptions U/s 10
    Net Salary 648,958.00

    Standard Deduction 50,000.00

    Employment tax 2,400.00

    . Total deduction 52,400.00

    Net Taxable Salary 596,558.00


    . Add/Less Inc from oth sources
    Gross Total Income 596,558.00

    . Less Deds under Chapter VI A 85,080.00

    Total Taxable Income 511,478.00

    . Tax on Total Income 14,795.60

    Tax Payable ( Refer 2nd page ) 14,796.00

    Health and Education Cess (4%) 592.00

    Total Tax Payable 15,388.00

    Tax Deducted so Far (Incl.curr.month) 8,312.00

    . Tax deducted from current employer 8,312.00

    Balance Tax Payable 7,076.00


    .

    8,312.00
    . Tax Deducted in this Month
    Employee Code: 40008277 Tax Regime - Old Regime PAN Number: GFJPS6906D
    Tax Payable Breakdown

    From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
    0.00 250,000.00 250,000.00 0.00 0.00
    250,000.00 500,000.00 250,000.00 5.00 12,500.00
    500,000.00 511,478.00 11,478.00 20.00 2,295.60
    HRA CLA
    From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro

    Exemptions U/s 10 Amount

    Total 0.00

    Deductions under Chapter VIA


    Section Code Section Description Contribution Deductible
    Amount Amount
    80C Payment towards Life Insurance Policy 18,270.00

    80C PF 27,810.00

    Total deduction U/S 80C, 80CCC, 80CCD(1) 46080.00

    80E Repayment of Interest on Loan for Higher Education 39,000.00 39,000.00


    Aggr.Deductions under Chapter VI A 85,080.00
    Notes:
    1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
    2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.
    PricewaterhouseCoopers Service Delivery Center (Bangalore) Pvt Ltd
    : GFJPS6906D
    Income Tax Computation Statement
    Tax Regime - Old Regime :
    1010889
    Employee Code : 40008277 PAN Number
    19 :
    Employee Name : Rajat Singh Employee ID
    01.06.20
    Gender : Male Date of Joining
    21
    Assessment Year : 2023-24 For Month : AUG,2022

    Heads of Income Monthly Actual YTD Projected Total


    (A) (B) (C) (B+C)

    Income from Salary


    Regular Income
    Basic Salary 20,500.00 88,250.00 143,500.00 231,750.00

    HRA 8,200.00 35,300.00 57,400.00 92,700.00

    Conveyance Allowance 1,600.00 8,000.00 11,200.00 19,200.00

    Medical Reimbursement 1,250.00 6,250.00 8,750.00 15,000.00

    Special Allowance 17,240.00 72,235.00 120,680.00 192,915.00

    Internet Allowance 1,000.00 5,000.00 7,000.00 12,000.00


    563,565.00
    Irregular Income
    Other Payment 11,100.00 11,100.00

    Referral Bonus 40,000.00 40,000.00


    .
    51,100.00
    Gross Salary 614,665.00
    . Less Exemptions U/s 10
    Net Salary 614,665.00

    Standard Deduction 50,000.00

    Employment tax 2,400.00

    . Total deduction 52,400.00

    Net Taxable Salary 562,265.00


    . Add/Less Inc from oth sources
    Gross Total Income 562,265.00

    . Less Deds under Chapter VI A 85,080.00

    Total Taxable Income 477,185.00

    Tax on Total Income 11,359.25

    . Less Tax Credit 11,359.25

    Total Tax Payable 0.00


    ..
    Employee Code: 40008277 Tax Regime - Old Regime PAN Number: GFJPS6906D
    Tax Payable Breakdown

    From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
    0.00 250,000.00 250,000.00 0.00 0.00
    250,000.00 477,185.00 227,185.00 5.00 11,359.25
    HRA CLA
    From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro

    Exemptions U/s 10 Amount

    Total 0.00

    Deductions under Chapter VIA


    Section Code Section Description Contribution Deductible
    Amount Amount
    80C Payment towards Life Insurance Policy 18,270.00

    80C PF 27,810.00

    Total deduction U/S 80C, 80CCC, 80CCD(1) 46080.00

    80E Repayment of Interest on Loan for Higher Education 39,000.00 39,000.00


    Aggr.Deductions under Chapter VI A 85,080.00
    Notes:
    1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
    2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.

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