Computation of Total Income for the Financial Year 2022-2023

Name ANIL JAYDEO GANVIR

Old Tax New Tax
Designation ASSISTANT PROFESSOR PAN ANSPG0826H
Office SHRI PANDHARINATH ARTS AND COMMERCE COLLEGE NARKHED
Regime Regime
A INCOME FROM SALARIES
1. PAY 1037600 7. Other Taxfree 0
2. Grade Pay 0 8. Other Taxable 0
3. D.A. 404258 9. NPS Emploer Cont. 0
4. H.R.A. 95850 9. AREARS (C.Y.) 29909
5. C.L.A. 0 10. AREARS (P.Y.) 271882
6. Con.Allowance 25200 11. Recovery 0
B. GROSS SALARY - 1864699 1864699
11.ADD : VALUATION OF PERQUISITES U/S 17(since taxfree perks already inclu.in salary) 0
12.LESS : ALLOWANCES TO THE EXTENT EXEMPT U/S 10 ………………………………………………………………………….. 0
(A) Other Taxfree Con. Allowance
0 0 0
(B) LESS : HRA U/S 10 (13A) & RULE 2A ……………………………………………………………………
0
(i) Actual HRA Received 0
(ii) Rent Paid - 10 % of Basic + DA +Grade Pay
0 - 0 0
(iii) 40 % of Salary (Basic+ DA) 0
13A) LESS : STANDARD DEDUCTION {Sec. 16(1(ia) } 50000
13B.LESS : U/S 16(iii)PROFESSIONAL TAX 2500 52500 0
14. INCOME UNDER THE HEAD SALARY 1812199 1864699
C INCOME FROM HOUSE PROPERTY (SELF OCCUPIED ) -49123 0
1.Interest from House Loan U/S 24 49123 49123
D INCOME FROM OTHER SOURCES ………………………………………………………………………………………………………………………………………………………
0 0
(i) Bank / Post Office Interest 0
(ii) NSC intersest 0
(iv) Other 0 0
E GROSS TOTAL INCOME 1763076 1864699
F DEDUCTIONS UNDER CHAPTER VI A
A. Deduction Unrder Chapter VI-A ( Section
Gross Qualifing Deductible
80C,80CCC,80CCD)
G. (A) Section 80C
Amount Amount Amount

i. GPF / DCPS / NPS - Employee Contribution 144193 144193 144193

ii. PPF 0 0 0
iii. LIC / Other Life Insurance 11832 11832 11832
iv. GIS + PLI + ULIP 2400 2400 2400
vi. New NSC Purchased 0 0 0
vii. Repayment of House Loan (PRINCIPAL) 93457 93457 93457
viii. Children Tution Fees 0 0 0
ix. Bank Fixed Diposit 0 0 0
x. Equity linked Mutual Fund 0 0 0 251882
d Aggregate of (A+B+C) Deductible u/c 80CCE 251882 150000 150000 150000 150000 0
(B) Other Section (e.g. 80E, 80G, 80D ect.)
i. U/ S 80 G 0 0 0
ii. U/S 80 D 0 0 0
iii. U/ S 80 U 0 0 0
iv. U/ S 80 E / 80DD / 80DDB 0 0 0
v. U/ S 80CCD (1B) Investment in NPS 0 0 0 0 0
vi. U/ S 80CCD(2) Employer Contribution 0 0 0 0 0 0
H. Aggregate of Deductible Amount Under Chapter VI A (A+B) 150000 0
I. Total Income ( E - H ) (Rounded off to nearest multiple of 10) ……………………………………………………………………………………………………………………
1613076 1613080 1864699
J. Calculation of Tax - Old Tax Regime
i First Rs. 250000 NILL 0
ii Next Rs 2,50,000 to 5,00,000 5% 12500
iii Next Rs 5,00,001 to 10,00,000 20% 100000
iv Above Rs 10,00,000 30% 183924 Total Tax 296424
J. Calculation of Tax - New Tax Regime
i First Rs. 250000 NILL 0
ii Next Rs 2,50,000 to 5,00,000 5% 12500
iii Next Rs 5,00,001 to 7,50,000 10% 25000
iv Next Rs 7,50,000 to 10,00,000 15% 37500
v Next Rs 10,00,000 to 12,50,000 20% 50000
vi Next Rs 12,50,000 to 15,00,000 25% 62500
vii Above Rs. 15,00,000 30% 109410 Total Tax 296910
K. Less Rebate u/s 87A 0 0
L. Tax After Rebate 87 A 296424 296910
M. ADD. 4% Education Cess on Tax …………………………...……………………………..…………………………………………………………… 11857 11876
N Gross Tax (Including Education cess) ( L + M ) …………………………………………………………………………………………….. 308281 308786
O RELIEF U/S 89 (i)…………………………………………………………………………………………………………………………………….. 25670 25669
P Total Tax Payable ( N - O ) ………………………………………………………………………………………………………………………….. 282611 283117
Q. Total Tax (Rounded off to nearest multiple of 10) …………………………...…………………………..……………………………………………..
282611 283117
R Tax Already Paid……………………………………………………………………………………………………………………………………..192000 192000
S Balance Tax Refundable / Payable 90611 91117
Date / / 2023 Signature of
Place Employee :
1 Pre By. Ashish Datamatics, 207 NIT Complex, Near Cinemax, Mor Bhawan, Sitabuldi, Nagpur - 2520011, 937-3100088 23/01/2023 12:28