Credit Debit

basic 12775 DSOP 7000

rank 1200 IT 2500
netbasic 13975 AGIF 1500
0.5 dpay 6987.5 LT 1000
grossbasic 20962.5 LF 500
0.41 DA 8594.625 PCA 850
tech 2500 CA 4100
kma 200
tpt 400
Misc

Total 32657.13 17450

Net 15207.13

Year 391885.5
 Tax Calculation for th
ASSUMING THERE IS NO CHANGE IN INVESTMENT AND INCOME

Name Gender (M / F)
LOCATION MUMBAI Emp. No.:
CITY NON-METRO

Salary Components P.M.

BASIC 31,000.00
CONVEYANCE ALLOWANCE 0.00
OTHER ALLOW II(MED) 0.00
HMA 0.00
HOUSE RENT ALLOW. 0.00
BONUS 0.00
SPECIAL ALLOWANCE 0.00
VARIABLE PAY 0.00
OTHER ALLOW I(LTA) 0.00
OTHER ALLOW III(PETR) 0.00
OTHER ALLOW III(DRIV) 0.00

Total Gross Salary 31,000.00

Total Gross Annual Income

Less EXEMPTION
MEDICAL EXEMPTION
LTA EXEMPTION
HRA EXEMPTION
CONVEYANCE EXEMPTION
Total Exemptions

Gross Taxable Income

Less OTHER DEDUCTION ALLOWED

Profession Tax
INTERST ON HOUSING LOAN
Total Other Deductions
 Net Annual Income

Less Deductions under Chapter VI A

Total investment under section 80C (as detailed in Table - I) Max. Benefit
available under section 80C is Rs 1,00,000/-
Other Investments (as detailed in Table - II)

Total Deductions under Chapter VI A (I)

Net Taxable Income Rounded

Net Tax Payable

Surcharge @ 10% on (Net Tax)

Education Cess @ 2% on (Net Tax + Surcharge)
Total Tax Payable for the Year

Tiket no. 0 Name

Month Basic HRA

 Apr-06 31,000.00 0.00
May-06 31,000.00 0.00
Jun-06 31,000.00 0.00
Jul-06 31,000.00 0.00
Aug-06 31,000.00 0.00
Sep-06 31,000.00 0.00
Oct-06 31,000.00 0.00
Nov-06 31,000.00 0.00
Dec-06 31,000.00 0.00
Jan-07 31,000.00 0.00
Feb-07 31,000.00 0.00
Mar-07 31,000.00 0.00

TOTAL 372000 0
Tax Calculation for the Financial Year 2006-2007

M INVESTMENT

P.A.
372,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

372,000.00

372,000.00

0.00

0.00 as detailed below

0.00
0.00

372,000.00

2,500.00 MAXIMUM LIMIT

0.00
2,500.00
369,500.00

100,000.00
0.00

100,000.00

269,500.00

30,850.00

0.00
617.00
31,467.00

50% OR 40% OF
Rent ACTUAL HRA
BASIC
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00
0.00 - 12,400.00

0 0 148800
2006-2007

Date ###
 Table - I

U/s 80 C
PROVIDENT FUND 44,640.00
LIFE INSURANCE PREMIUM 56,000.00
VPF 0.00
PPF 0.00
ELSS 0.00
PENSION FUND (80CCC) 0.00
ULIP 0.00
NSC 0.00
CTD 0.00
PRINCIPLE AMOUNT OF HSG LOAN 0.00
STAMP DUTY AND REGISTRATION CHARGES 0.00
FIXED DEPOSIT IN SCHEDULED BANK 0.00
EDUCATION EXPENDITURE 0.00
INFRASTRUCTURE BONDS 0.00
INTEREST ON HOUSING LOAN 0.00
Total 100,640.00
HRE
RENT per month

Table - II

Mediclaim Premium u/s 80D (max Rs 10,000/-) 0.00

Handicapped Dependent u/s 80DD (max Rs 50,000/-) 0.00
Dependent's Medical treatment u/s 80DDB (max Rs 40,000/-) 0.00
Interest repayment for Education Loan u/s 80E 0.00
Person with disability u/s 80U (max Rs 50,000/-) 0.00

TOTAL 0.00

City 2

RENT PAID - 10% OF BASIC. HRE

(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -
(3,100.00) -

-37200 0
M
F