INDUSIND BANK LTD TAX FORECAST FOR THE MONTH OF MARCH 2023

TAX REGIME OPTED:OLD DOB:19/05/1988 GROUP DOJ:25/07/2022

NAME :(129897) JEREEN PERPET JOHN MANOHARAN BRANCH:NUNGAMBAKKAM BRANC GENDER:M PAN:AKAPJ3040P DOJ:25/07/2022
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---------------------------------------------------------Actual---------------------------------------------------------|
PARTICULARS APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH TOTAL
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BASIC 0 0 0 0 63714 51977 51977 51977 51977 45270 56828 53833 427553
H R A 0 0 0 0 31857 25989 25989 25989 25989 22636 28414 26917 213780
CONV ALLOW 0 0 0 0 3923 3200 3200 3200 3200 2787 3499 3314 26323
MEDICAL 0 0 0 0 1532 1250 1250 1250 1250 1089 1366 1295 10282
BONUS* 0 0 0 0 2942 2400 2400 2400 2400 2090 2624 2486 19742
MANAGER ALLOWAN 0 0 0 0 43584 35555 35555 35555 35555 30967 38873 36825 292469
INCENTIVES 0 0 0 0 0 0 0 500 0 6665 0 0 7165
SALES PROMOTION 0 0 0 0 0 0 0 0 0 0 0 14000 14000
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TOTAL EARNING 0 0 0 0 147552 120371 120371 120871 120371 111504 131604 138670 1011314
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STATUTORY P F 0 0 0 0 7645 6237 6237 6237 6237 5432 6820 6460 51305
INCOME TAX 0 0 0 0 5021 4096 4053 3873 3768 22027 25911 0 68749
PROF. TAX 0 0 0 0 1250 0 1250 0 0 0 0 0 2500
MEDICLAIM TOP-U 0 0 0 0 7476 0 0 0 0 0 0 0 7476
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TOTAL DEDUCTION 0 0 0 0 21392 10333 11540 10110 10005 27459 32731 6460 130030
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NET 0 0 0 0 126160 110038 108831 110761 110366 84045 98873 132210 881284
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TAX CALCULATIONS NEW REGIME OLD REGIME|EXEMPTION U/S10/OTHERS.......................|CALCULATION OF HRA REBATE......................
================ ========== ==========|HRA REBATE 149632 | RENT FROM TO
TOTAL EARNING 1011314 1011314| | 15000 25/07/2022 31/12/2022 - HRA
ADD : PERKS & OTHERS 0 0|HOUSING LOAN INTEREST........................| 38000 01/01/2023 31/03/2023 - HRA
TOTAL GROSS 1011314 1011314|Housing Loan Interest 229112 |
| |A. HOUSE RENT ALLOWANCE 213780
LESS: EXEMPTION U/S10/OTHERS 0 149632|INVESTMENTS U/S 80C..........................|B. TOTAL RENT 192387
LESS: PROFESSION TAX 0 2500|PF-DED 51305 | LESS 10% OF BASIC SALARY (42755) 149632
LESS: STANDARD DEDUCTION 0 50000|Housing Loan Principle 24708 |C. 50% OF BASIC SALARY 186616
NET SALARY 1011314 809182|Life Insurance Premium 37676 | HRA REBATE (LEAST OF A,B,C) 149632
|Sukanaya Samriddhi Scheme 9000 |
LESS: HOUSING LOAN INTEREST 0 200000|Unit Linked 15666 |
LESS: INVEST. U/S 80C 0 138355|TOTAL 138355 |TAX CALCULATION ON TAXABLE INCOME.....RS.463351
LESS: INVESTMENTS U/S 80(OTH) 0 7476| | 0- 250000: 250000 x 0% = 0.00
|INVESTMENTS U/S 80(OTH)......................| 250000- 463351: 213351 x 5% = 10667.55
TAXABLE INCOME 1011314 463351|MEDICLAIM-DED 7476 |TOTAL (Rounded) = 10668.00
| |LESS SECTION 87A = 10668.00
TOTAL TAX 80354 0|---------------------------------------------|TOTAL TAX = 0.00
---------------------------------------------------|PROOFS RECEIVED..............................|
TAX APPLIED AS PER OLD REGIME 0 |Housing Loan Principle 24708 |
---------------------------------------------------|Life Insurance Premium 37676 |
LESS: TAX DEDUCTED AT SOURCE 68749 |Sukanaya Samriddhi Scheme 9000 |
|Unit Linked 15666 |
BALANCE TAX PAYABLE -68749 |Rent 15000 |
BALANCE NUMBER OF MONTHS 0 |Rent 38000 |
MONTHLY TAX 0 |Housing Loan Interest 229112 |