GHCL LIMITED INCOME TAX COMPUTATION STATEMENT

Emp Code : G00605 Name : AJAY KUMAR KOTA Location : BHILAD

Assessment Year : 2020-2021 PAN : AIGPK9398F Level : 5
Gender : Male Month / Age : April, 2019 / 49 years 10 months Designation : Dy.Manager
Date of joining : 20-09-2012 LeavingDate : Status : Active

Head of Income Actual Projected Total

Basic 34,304 3,66,300 4,00,604
Bonus 0 19,946 19,946
Education 206 2,200 2,406
Food Allowance 2,500 27,500 30,000
House Rent 20,582 2,19,780 2,40,362
Medical 41 0 41
Other Allowance 19,108 2,10,188 2,29,296
Personal Pay 597 0 597
PSpecial Allowance 5,146 54,945 60,091
Perquisites 0
Reimbursement 0

Gross Salary 82,484 9,00,859 9,83,343

Less : Exemption under section 10
Children Education Allowance Exemptions 2,400
Total 2,400

Less: Standard Deduction for Salaried Employees 50,000

Net Salary 9,30,943
Less : Deduction under section 16
Tax on Employment : Sec 16(iii) - Prof. Tax 200 2,200 2,400
Total 200 2,200 2,400
Other Income
Loss on Self Occupied House Property u/s 24 -70,461
Total -70,461
Gross Total Income 8,58,082
Less Deduction under chapter VIA
Investment Section Gross Qualifying Deductible
LIC - Paid directly by employees US80C 25,317
Provident Fund (PF) US80C 48,360
Public Provident Fund (PPF) US80C 6,000
US80C Total:- 79,677 79,677
Total 79,677 79,677 79,677
Previous Employer Income 0
Add: Excess benefit claimed under 80C (Previous + Current Company) 0
Taxable Income 7,78,410
Round off to nearest 10 Rupee 7,78,410
Rebate u/s 87 (Tax Credit) 0
Tax Payable on Total Income 68,182
Add Surcharge 0
Add Health and Education Cess 2,728
Total tax Payable 70,910
Particulars Taxable Income Income Tax
Total annual income and tax 70,910
Less: Tax deducted current employer (Upto previous month) 0
Less: Tax deducted previous employer / Self Tax Paid 0

Report Time: 04-05-2019 15:00 User: ESS Page: 1 / 2

 Balance tax for the year 70,910
Less: Adhoc tax deducted in Off-Cycle in current month 0 0
salary
Balance tax 70,910

Tax deducted from current month salary

Per month Tax (balance tax / No of month including current month) 5,910
Add: Adhoc tax deducted from current month salary 0 0
Total Tax deducted from current month salary + adhoc + off-cycle 5,910

Report Time: 04-05-2019 15:00 User: ESS Page: 2 / 2