This document contains details for computing income tax for an employee named Dharmvir Kumar for the financial year 2023-2024. It summarizes the employee's salary breakdown by month including components like basic pay, dearness allowance, house rent allowance, and other allowances. It also provides details of deductions claimed under various tax saving sections and calculates the total income, tax payable, and tax deducted. The key information is that the employee's total income is Rs. 4,67,770 and after claiming deductions of Rs. 3,11,753, the tax payable is Rs. 0.
This document contains details for computing income tax for an employee named Dharmvir Kumar for the financial year 2023-2024. It summarizes the employee's salary breakdown by month including components like basic pay, dearness allowance, house rent allowance, and other allowances. It also provides details of deductions claimed under various tax saving sections and calculates the total income, tax payable, and tax deducted. The key information is that the employee's total income is Rs. 4,67,770 and after claiming deductions of Rs. 3,11,753, the tax payable is Rs. 0.
This document contains details for computing income tax for an employee named Dharmvir Kumar for the financial year 2023-2024. It summarizes the employee's salary breakdown by month including components like basic pay, dearness allowance, house rent allowance, and other allowances. It also provides details of deductions claimed under various tax saving sections and calculates the total income, tax payable, and tax deducted. The key information is that the employee's total income is Rs. 4,67,770 and after claiming deductions of Rs. 3,11,753, the tax payable is Rs. 0.
This document contains details for computing income tax for an employee named Dharmvir Kumar for the financial year 2023-2024. It summarizes the employee's salary breakdown by month including components like basic pay, dearness allowance, house rent allowance, and other allowances. It also provides details of deductions claimed under various tax saving sections and calculates the total income, tax payable, and tax deducted. The key information is that the employee's total income is Rs. 4,67,770 and after claiming deductions of Rs. 3,11,753, the tax payable is Rs. 0.
SALARY(BASIC+DA+DP) FOR WHICH HRA HAS BEEN RECEIVED 736278
ACTUAL HOUSE RENT PAID 186000 1. ACTUAL HRA RECEIVED 104244 2. ACTUAL HOUSE RENT PAID LESS-10% SALARY 112372 3. 40(FOR OTHER THAN A1 CITY) OR 50(FOR A1 CITY) OF THE SALARY 294511 4. LEAST AMOUNT OF ABOVE THREE(ADMISSIBLE FOR REBATE) 104244 1. GROSS INCOME....(EXCLUDING CHILD EDUALL. REBATE 1200) 1140364 2. LESS DEDUCTION:- (a) HR U/s. 10(13A) 104244 (b) PROFESSIONAL TAX U/s 16(b) 0 (c) STANDARD DEDUCTION U/s 16(a) 50000 3. INCOME CHARGEBALE UNDER THE HEAD OF SALARIES(1-2) 979520 4. (a) OTHER INCOME REPORTED BY EMPLOYEE 0 (b) GAIN FROM HOUSE PROPERTY 0 (c) LOSS FROM HOUSE PROPERTY 0 (d) HBA Interest under Section 24(1) 200000 5. TOTAL INCOME (3+4) 779520 6. DEDUCTIONS (VI-A) SAVINGS UNDER SEC. 80C(MAX. 150000/-) a) NPS 79823 b) GIS 360 c) LIC & INSURANCE 31905 d) NSC/NSS/FD (5+ YEARS) 0 e) INT. ON NSC 0 f) HBA 39159 g) MUTUAL FUND 0 h) PPF 0 i) TUTION FEES (FOR TWO CHILDREN) 49600 j) ULIP 0 k) PLI 0 l) CTD 0 m) SUKANYA YOJANA 24000 TOTAL INVESTMENT 224847 80C : SAVING INCLUDING PENSION PLAN 150000/-> 150000 80CCD(2): GOVT CONTRIBUTION REBATE 111753 80CCF: INV FRA. STRU. BOND 0 80D : GIC MEDICAL INSURANCE PREMIA (MEDICLAIM) 0 80E : INTEREST ON EDUCATION LOAN 0 80DD : TREATMENT OF HANDICAPPED DEPENDENT 0 80GGA: DONATION FOR SCIENTIFIC R & D DEVELOPMENT 0 80RRA: FOREIGN SERVICE (SPONSERED) 0 80G : DONATIONS 0 80U : PHYSICALLY HANDICAPPED PERSON 0 80DDA: MAINTENANCE OF HANDICAP DEPENDANT 0 80DDB: MEDICAL TREATMENT 0 7. TOTAL DEDUCTIONS 311753 8. TOTAL INCOME 467767 467770 9. TAX ON TOTAL INCOME (a) UPTO Rs. 250000/-.............................. NIL (b) ON Rs. 217770 @ 5.0% ( UPTO Rs. 500000)..... 0 (Rebate Rs. 12500 applied) (c) ON Rs. 0 @ 20.0% ( UPTO Rs. 1000000)..... 0 (d) ON Rs. 0 @ 30.0% ( ABOVE Rs. 1000000)..... 0 (e) TAX ON INCOME 0 10. EDUCATION CESS (a) HEALTH AND EDUCATION CESS 4%.OF 9(e) 0 TOTAL TAX INCLUDING CESS 0 11. TOTAL TAX DEDUCTED 0 12. TAX TO BE DEDUCTED 0 13. TAX TO BE DEDUCTED PER MONTH 0 --End Of Statement-- Data Prepared On: 16-DEC-23 01:12 Printed On: 19.12.2023 at 04:57:36 PM
