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Income Tax Calculator F.Y. 2019-20 (AY 2020-21)
Gender Male
Name Shiva Rungta
Have a Question? Ask it here: http://www.SocialFinance.in
Age 32
Number of children 0

Salary Breakup April May June July August September October November December January February March Total

Basic Salary 21,803 21,803 21,803 21,803 21,803 21,803 21,803 21,803 21,803 21,803 21,803 21,803 261,636
House Rent Allowance (HRA) 13,082 13,082 13,082 13,082 13,082 13,082 13,082 13,082 13,082 13,082 13,082 13,082 156,984
Dearness allowance (DA) 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000
Child Education Allowance - - - - - - - - - - - - -
Grade/Special/Management/Supplemementary Allowance 10,757 10,757 10,757 10,757 10,757 10,757 10,757 10,757 10,757 10,757 10,757 10,757 129,084
City Compensatory Allowance (CCA) - - - - - - - - - - - - -
Arrears - -
Gratuity -
Leave Travel Allowance (LTA) -
Leave Encashment -
Performance Incentive/Bonus -
Food Coupons - - - - - - - - - - - - -
Periodical Journals - - - - - - - - - - - - -
Uniform/Dress Allowance - - - - - - - - - - - - -
Telephone Reimbursements - - - - - - - - - - - - -
Professional Development Allowance - - - - - - - - - - - - -
Car Reimbursement 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Internet Expense - - - - - - - - - - - - -
Driver Salary - - - - - - - - - - - - -
Gifts From Non-Relatives -
Gifts From Relatives -
Agricultural Income -
House Rent Income/Notional rent (income from house prope - - - - - - - - - - - - -
Saving bank account interest -
Other income (Fixed deposit /NSC/SCSS Interest) -
Income from Lottery, Crossword Puzzles, prizes etc -
STCG from listed equity products/equity MFs -
STCG not from listed equity products/equity MFs -
LTCG from listed equity products/equity MFs -
LTCG not from listed equity product/equity MFs s w/o indexation -
LTCG not from listed equity products/equity MFs with indexation benefits -
TOTAL INCOME 51,892 51,892 51,892 51,892 51,892 51,892 51,892 51,892 51,892 51,892 51,892 51,892 622,704

Exemptions
Actual Rent paid as per rent receipts 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 99,996
Place of residence Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City
Non-Metro City

HRA Exemption Availing both HRA 6,028 6,028 6,028 6,028 6,028 6,028 6,028 6,028 6,028 6,028 6,028 6,028
and Home loan
exemption 72,332

Non-Taxable Allowances Investment/Bills Details

Child Education Allowance - -
LTA receipt submitted - -
Food Coupons - -
Periodical Journals - -
Uniform/Dress Allowance - -
Telephone Reimbursement receipts s - -
Prof. Development receipts submitte - -
Car Expenses Reimbursement receipt 60,000 60,000
Internet expense receipts submitted - -
DriverReimbursement
Other Salary receipts submitted
receipts - -
submitted - -
Non taxable Gratuity - -
Non taxable
Non taxable House
leave encashment
rent income-30% - During Service -
ded. - -
Balance Salary 490,372
Professional Tax -
Non taxable Equity LTCG - -
Net Taxable Salary 490,372
Total Home loan amount
Self occup. Home Loan Interest Component -
Letout property Home Loan Interest - -
Municipal taxes paid on letout proper - -
Gross Total Income 490,372

Deductions under chapter VIA

Life Insurance Premium payment -
Employee's contribution to PF 31,392
PPF (Public Provident Fund) or SSAS -
Equity Tax saver Mutual Funds - ELS 36,000
National Savings Certificate (NSC) d -
National Savings Scheme (NSS) depos -
Senior Citizen Savings Scheme (SCSS -
Post Office/Tax saving Bonds investm -
Children Tution Fees paid -
Housing Loan Principal repayment -
Tax saving Fixed Deposit for 5 yrs. o -
Stamp Duty/Registration charges for -
Other Eligible Investments
Total of Section 80C 67,392
Pension Fund (80 CCC) -
NPS/APY Deposit 80CCD -
Total Deductions u/s 80C, 80CCC, 8 67,392 67,392

80D (Medical ins prem for Self

and/or Family all below 60 yrs) - -
80D (Medical ins prem for
Parents/Sr. Citizens) - Insured above 60 years -
80DD (Maintainence of depandant
disabled) - With Severe Disability -
80DDB (Medical treatment for
specific diseases) - Patient Below 65 years -
80E (Interest paid on Higher
Education Loan) - -
80U (Handicapped person/Perm.
Disability) - With Severe Disability -
Donations - 80G (100 % deductions) - -
Donations - 80G (50 % deductions) - -
80CCG - RGESS - -
Employer NPS deduction u/s 80CCD(2 - -
Interest deduction u/s 80TTA/B - -

Standard Deduction (50,000) 50,000

Total Taxable Income 372,980

Taxable Income rounded off 372,980

Income Tax on Total Income 6,149

Tax rebate u/s 87A 6,149
Income tax after Tax rebate -
Surcharge -
Income tax including surcharge -
Education Cess @ 4% -
Income tax including education cess -
TDS (Tax deducted at source) -
Pending Tax Payable -

Monthly Deductions from salary April May June July August September October November December January February March
TDS (Tax deducted at source) -
Professional Tax -
Employee's PF Contribution 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 31,392
Self/Employee's NPS/APY Contribution -
VPF (Voluntarily Provident Fund) contribution -
Deduction for company provided transport -
Deduction towards State Labour welfare Fund (LWF) -
Deduction towards company provided Group Term insurance -
Deduction towards Leave availed -
Deduction towards company provided medical insurance -
Other Deductions from Employer -
Employer's NPS Contribution -
Employer's PF Contribution 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 2,616 31,392

In Hand Salary 49,276 49,276 49,276 49,276 49,276 49,276 49,276 49,276 49,276 49,276 49,276 49,276
In Hand Salary without reimbursments 44,276 44,276 44,276 44,276 44,276 44,276 44,276 44,276 44,276 44,276 44,276 44,276

Total Income in this year 654,096

ADVANCE TAX SCHEDULE - NOT APPLICABLE FOR SENIOR CITIZENS

Total Tax as per Consolidation Sheet: -

PARTICULARS % Payable Paid Difference

Payable upto 15th June 15% - - -
Payable upto 15th September 45% - - -
Payable upto 15th December 75% - - -
Payable upto 15th March 100% - - -

Success
Savings for Tax
PPF Investments
April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

Long Term infra bonds investment

April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

Post Office/Tax saving Bonds investments Children Tution Fees paid

April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

Pension Fund (80 CCC) investments

April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

GROSS TOTAL 36,000

Details of Salary paid and any other income and tax deducted
1 Gross Salary
17(1) Rs. 562704
(b) Value of perquisites u/s 17(2) (as per Form
No.12BA, wherever applicable) Rs. 0
(c) Profits in lieu of salary under section 17(3)(as
per Form No.12BA, wherever applicable) Rs. 0
(d) Total Rs.

2 Less :Allowance to the extent exempt u/s 10

(a) HRA Exemption Rs. 72332.4
(b) Conveyance allowance Rs. 0
(c) Child Education Allowance Rs. 0
(d) Gratuity Rs. 0
(e) Leave Travel Allowance (LTA) Rs. 0
(f) Leave Encashment Rs. 0
(g) Total Rs.

3 Balance 1-2 Rs.

4 Deductions :
(a) Entertainment allowance Rs. 0
(b) Tax on employment Rs. 0

5 Aggregate of 4(a) and (b) Rs.

6 Income chargeable under the head ‘Salaries’ (3-5)

7 Add: Any other income reported by the employee

(a) Income From House Property Rs. 0
(b) Saving bank interest Rs. 0
(c) Other taxable income Rs. 0
(c) Total Rs.

8 Gross total income (6+7)

9 Deductions under Chapter VI-A

(A) sections 80C, 80CCC and 80CCD
(a) Deductions in respect of specified
investments/savings - 80C
(i) ELSS Rs
(ii) EPF Rs
(iii) PPF Rs
 (iv) House Loan principal repay Rs
(v) Stamp duty Rs
(vi) Life insurance Premium Rs
(vii) NSC/NSS deposits Rs
(viii) SCSS deposits Rs
(ix) Tax saving fixed depoists Rs
(x) Children tuituion fees Rs
(b) section 80CCC Rs
(c) section 80CCD Rs
(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under
Chapter VI-A.
(i) section 80D Rs
(ii) section 80DD Rs
(iii) section 80DDB Rs
(iv) section 80E Rs
(v) section 80U Rs
(vi) Section 80CCG Rs
(vii) Employer NPS deduction u/s 80CCD(2) Rs
(viii) 80TTA/B Rs

10 Aggregate of deductible amount under Chapter VI-A

11 Total Income (8-10)

12 Tax on total income

13 Education cess @ 4% (on tax computed at S. No. 12)

14 Tax Payable (12+13)

15 Less: Relief under section 89 (attach details)

16 Tax payable (14-15)

 562704

72332.4

490371.6

Rs. 490371.6

Rs. 490371.6

Gross Deductibl
Amount e Amount
36000
31392
0
 0
0
0
0
0
0
0
0
0 Rs 67392
Gross Deductibl
Amount e amount
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0

Rs 67392

Rs 422979.6

Rs 0

Rs 0

Rs 0

Rs 0

Rs 0