Income Tax Calculation for FY 2010-11

P.F.No : 12345678 Name of Employee : ABC Design: AA

Pay as on Mar'10: 12650 Grade Pay : 4200 Tr.Allow.allowed: Yes Tr.Allw.Rs.: 800
GIS: 30 Monthly Rent Paid : 6000 HRA Allowed: Yes Fam.Plang: 0
PAY & ALLOWANCES DEDUCTIONS I.TAX
Month
& Year Gr. Tr. Deductd
PAY %DA D.A. FP H.R.A. Other TOTAL PF V.P.F. GIS Total at source
Pay Allow
Mar-10 12650 4200 35% 5898 0 3370 280 2824 29222 1404 0 30 1434 0
Apr-10 12650 4200 35% 5898 0 3370 280 26398 1404 0 30 1434 0
May-10 12650 4200 35% 5898 0 3370 280 26398 1404 0 30 1434 0
Jun-10 12650 4200 35% 5898 0 3370 280 26398 1404 0 30 1434 0
Jul-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Aug-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Sep-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Oct-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Nov-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Dec-10 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Jan-11 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
Feb-11 13160 4200 40% 6944 0 3472 320 28096 1447 0 30 1477 0
TOTAL 155880 50400 79144 0 41256 3680 2824 333184 17192 0 360 17552 0

A Actual Income from Salary: 333184.00

Add Bonus 0
Reset
Add Award 0
Add Tution Fees Reimbursement 0
Add Leave Encashment 0
Add 0 0.00 333184.00
Less exempt U/S 10 41256
Less Over Pay 0
Less 0 41256.00 291928.00
B Other Income:
a. Income from House Property 0
b. Income from Other Sourcess 0 0.00 291928.00
C Deduction:
Saving Salary (PF, VPF, GIS) 17552
Add Savings (Other Than Through Salary) 0 17552.00 17552.00
Add Infrastructure Bond 0 0.00 17552.00
D Total Income 274376.00
E a. Int.of HBA 0
b. MR relief fund 0
c. Chronic disease u/s (80DDB) 0
d. Medi Claim (Max.10000) u/s 80D 0
e. Chronic disease u/s (80DD) 0 0.00
F Total Taxable Income 274376 i.e. 274380.00
G Income Tax 11438
Add Educational Cess @ 3% 343 11781.00
H Tax Deducted at Source 0.00
I Tax Payable / Refundable 11781.00

Note : Save more Rs.82448/- Invest Rs.20000/- in Infrastructure Bond

ANS: Calculated as on: 11/02/2021

 I.TAX
Should b
deductd
900
900
900
900
900
900
900
900
900
900
900
1881
11781

Reset

ANS: Calculated as on: 11/02/2021