A B C D=(A+B+C)

Employee Basic Salary Allowance 20% Contn by

Pan No Marital Status Yearly Salary
Name Yearly Yearly employer(Yearly)
Single ABC 720,000.00 480,000.00 144,000.00 1,344,000.00
Couple XYZ 720,000.00 480,000.00 144,000.00 1,344,000.00

Note:
This format is for basic understanding of the SSF calculation
Other allowable deduction should be deduced For the calculation of Taxable Income

i. Basic Salary and Allowance are to be in the ratio of 60:40

ii. Contribution by employer is 20% of Basic Salary
 1/3E of F SSF
Actual G of
Limit H U/S
Deduction I = (D - H) Tax
Assessable Contribution(3 deduction of 63(Lower of Taxable Income 0% 10%
Income
448,000.00 1%)
223,200.00 SSF
500,000.00 E , F, G)
223,200.00 1,120,800.00 - 10,000.00
448,000.00 223,200.00 500,000.00 223,200.00 1,120,800.00 - 10,000.00
 Tax
20% 30% 36% Net Pay
40,000.00 126,240.00 - 944,560.00
40,000.00 111,240.00 - 959,560.00