General Monthly Salary Details 2023 - 2024 WEST BENGAL

Basic Salary + DA Income-Tax-Calculation-and-Comparison-2023-24

16667 - SGC
Children Education Allowance * 0
House Rent Allowance - HRA 8334 Children Hostel allowance * 0
Medical Allowance 0 Washing Allowance * 0
Conveyance Allowance 0 Uniform Allowance * 0
Special Allowance 4166 Sum of All Other Reimbursements * 0
Other Allowance 24532 Sum of All Other Allowances 10968
Leave Travel Allowance - LTA 0 Sum of All Annual Perks (If Any) 0
Meal (Voucher) Allowance * 2000 Monthly House Rent Paid 10000
NPS Employer Contribution 0 Select Rent Location Metro City
Total Monthly Gross Salary :- 66667

Taxability & Calculation as per old and New Tax Regime Old Regime New Regime
Gross Annual Salary Income (Salary + Allowances + Perks) : 800004 800004
Less: Official and Reimbursement Non Taxable Allowances* : 24000 0
Less: Tax on Employment (Professional Tax) : 2400 -
Less: Standard deduction : 50000 50000
Auto Calculation as per Rent amount Less: HRA Exemption : 100000 -
Amount of LTA Travel Bills (Annually) Less: LTA Exemption : 0 -
Income from Salary : 623604 750004
Less: Loss from House Property u/s(24) : 0 -
Add: Income from House Property : 0 0
Add: Income from Other sources : 0 0
Gross Total Income : 623604 750004
Investments U/S 80C & 80CCC
Current Employer - PF 24000
Pervious Employer - PF 0
Voluntary Provident Fund - VPF 2004
Life Insurance Premiums - LIP 42500
Public Provident Fund - PPF 35000
Children Education Tuition Fees - CEF 0
Pension Funds – Section 80CCC 0
Bank fixed deposits (5-Yr) - FD 0
Unit linked Insurance Plan - ULIP 0
Home Loan Principal Repayment - HLP 0
Equity Linked Savings Scheme - ELSS 0
National Savings Certificate - NSC 0
Stamp Duty and Registration Charges 0
Other Investments E.g. Sukanya Account 0
Total Investments U/S 80C & 80CCC 103504 103504 -
Deduction u/s 80D 23000 -
Deduction u/s 80CCD(1B) 0 -
Deduction u/s 80CCD2 0 0
Deduction u/s 80DD 0 -
Deduction u/s 80DDB 0 -
Deduction u/s 80E 0 -
Deduction u/s 80EE 0 -
Deduction u/s 80EEA 0 -
Deduction u/s 80G 0 -
Deduction u/s 80TTA 0 -
Deduction u/s 80U 0 -
Total Deduction U/C VIA 126504 0

Taxable Income 497100 750004

Income Tax 12355 30000
Less: Rebate 87A 12355 0
Balance Tax Liability 0 30000
Add: Surcharge 0 0
Total Tax 0 30000
Add: Edu. Health Cess 0 1200
Net Annual Tax 0 31200
Save Tax as per New Slab 0

This Utility Prepared by Team, SGC Services Pvt Ltd and download from www.blog.sgcservices.com