Tax Computation Sheet From April 2022 to March 2023 for August 2022
Employee : 104 - Vipin Sharma Pan No : AZKPS3491A
Declaration Type : DECLARED Year End : 31-03-22
Designation : Technical Project Manager Location : Ahmedabad
Monthly Earnings
EARN TYPE APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR TOTAL
Basic 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 50000 600000
Special Allowance
77057 77057 55057 55057 55057 55057 55057 55057 55057 55057 55057 55055 704682
(SA)
Leave Travel
7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 84000
Allowance
HRA 20000 20000 20000 20000 20000 20000 20000 20000 20000 20000 20000 20000 240000
Internet/Telephone
1500 1500 1500 1500 1500 1500 1500 1500 1500 1500 1500 1500 18000
Allowance
Attire Allowance 5000 5000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 80000
Training
6000 6000 7000 7000 7000 7000 7000 7000 7000 7000 7000 7000 82000
Reimbursement
Books and
2000 2000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 34000
Periodicals
Helper Allowance 0 0 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 120000
Traveling &
Conveyance 0 0 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 60000
Allowance
PLI 0 0 0 21250 0 0 0 0 0 0 0 0 21250
Food Allowance 0 0 0 0 0 1100 1100 1100 1100 1100 1100 1100 7700
Gift 0 0 0 0 0 417 417 417 417 417 417 417 2919
Grand Total 168557 168557 168557 189807 168557 170074 170074 170074 170074 170074 170074 170072 2054551
Deductions
DEDN TYPE APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR TOTAL
PF Employee
1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 21600
Contribution
Professional Tax
200 200 200 200 200 200 200 200 200 200 200 200 2400
(PT)
Tax deducted 0 38157 25989 26726 26726 0 0 0 0 0 0 0 117598
LWF Employee
0 0 6 0 0 0 0 0 0 0 0 0 6
Contribution
Grand Total 2000 40157 27995 28726 28726 2000 2000 2000 2000 2000 2000 2000 141604
Investment Bifurcation Under Chapter 80 C Investment Bifurcation Under Chapter VI-A
Head Name Amount Head Name Amount
Employee's Share of PF & VPF Contribution 21600 80C 150000
Life Insurance Premium [ LIP ] 137967
Public Provident Fund [ PPF ] 25000
Subscription to National Saving Certificate [NSC] VII
50000
Issue
Grand Total 234567 Grand Total 150000
Employee : 104 - Vipin Sharma
Salary and Allowance 17(1) (Sum of Earnings+Other Yearly Earning) 2043932
Value of Perks 17(2) (Sum of Perks Earning) 0
Profits in Lieu of Salary 17(3) 0
Add : Salary From Previous Employers 0
Total Gross Salary 2043932
HRA Calculation
HRA Received 240000
Rent Paid (10% of Basic) 240000
50/40 % 240000
HRA Exemption 240000
Gross Salary After HRA Exemption 1803932
Less : Exemption U/S 10
Heads Previous Employer Current Employer Manual Exempted Total Exempted Amt
Gross Salary before DED. 16 1803932
Deduction U/S 16
Entertainment Allowance: 0
Previous Employer PT: 0
Professional Tax 2400
Total Deductions U/S 16 2400
Income Chargable Under The Head Salary 1801532
Income/Loss From Letout House Property
Annual Rent Received : 0
Less: House Government Taxes 0
Less: Standard Deduction U/s 24 (a) 0
Annual Income From House Property 0
Interest Paid On Letout Property Housing Loan 0
Income/Loss From Letout Property 0
Gross After Letout Property 1801532
Interest On Housing Loan 0
Income From Other Sources 0
Gross Income Before Under Chapter VI-A 1801532
Deduction Under Chapter VI-A
Heads Declared Claimed Approved Qualified
80C 234567 21600 21600 150000
Total Deduction Under Chapter VI-A 150000
Gross Taxable Income 1651532
Standard Deduction 50000
Total Taxable Income 1601532
Tax on Total Income 292959
Rebate u/s 87 0
Tax There On 292959
Tax Deduction
Surcharge : 0
Health and Education Cess: 11718
Total Tax Liability: 304678
Balance Tax Payable: 213806
Rebate U/S 89: 0
Total Tax 304678
TDS Cut By Prev. Employer 0
TDS Cut Till Date By Our Company 90872
Balance Tax Deductable / Refundable 213806
Tax to be Deducted Every Month 26725
Tax deduction for this month 26726
