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Tax Calculation

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Calculation spreadsheet for tax
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  Employee Name :  Dinesh Kumar Goel Gender (M/F) : M PAN: AAVPG9364Q  Senior Citizen : Month's SalaryApr-12May-12Jun-12Jul-12 Total Days in month 30 31 30 31 Days Worked (assumed) - - - - 150,000 Basic - - - -  75,000 HRA- - - -  - Responsibility Allowance- - - -  - Professional Pursuit- - - -  - Conveyance- - - -  - Children Education Allowance- - - -  - Personal Pay- - - -  85,750 Special Allowance- - - -  - Perk value of Car- - - -  - Notice Pay- - - -  - Bonus- - - -  Other Allowance- - - -  310,750    Gross Salary- - - -  - - - -  Less : Deductions  - - - - - - - -  - - - -  - - - -  Less : Exemptions HRA - - - -  Conveyance Allowance - - - -  Children Education Allowance- - - -  - - - -  Taxable Salary - - - -  Deductions under Chapter VIAOther IncomesU/s. 80C InvestmentIncome from House Pr LIC- Annual ValuePF32,786 Less : Municipal TaxesPPF- Net Annual ValueULIP- Less : 30% for repairsHousing Loan repayment210,151 NSC purchased- Less : Intt. on Housing Interest on NSCs- Children Tution Fees60,000  Net Pay TAX COMPUTATION SHE 20 PF DeductedMess DeductionTAX Deducted  Pension Policy-  Income from Other So Ded by Previous Employer54,774 Bank Interest Sub-Total of 80-C (Max 1 Lakh)100,000  Other Interest   Infrastructure Bonds u/s 80CCF- Salary from previous eU/s. 80D - Mediclaim- Others (Specify)U/s. 80DD - Disabled dependent- U/s. 80EE - Intt. On Education Loan- U/s. 80G - Donation-  Grand Total of Ded. (Ch. VI-A)100,000 Apr-12May-12Jun-12Jul-12 - - - -  - - - -  - - - -  - - - -  Miscalleneous  - PF Deduction - - - -  - Gratuity- - - -  - TDS -Payroll - - - - - TDS -Other than payroll - - - - 310,750.00 CTC- - - -  HRA Exemption SalaryHRARent Paid HRA Exemption   Designation:  VP Date of Joining :  6-Feb-13 Date of Birth:  11/24/1971 Department :  Finance Rent Status : Rent Employee Code : 400659Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13  31 30 31 30 31 31 28 31 - - - - - 23 31 - - - - - - 123,214 150,000  - - - - - - 61,607 75,000  - - - - - - - -  - - - - - - - -  - - - - - - - -  - - - - - - - -  - - - - - - - -  - - - - - - 70,438 85,750  - - - - - - - -  - - - - - - - -  - - - - - - - -  - - - - - - - -  - - - - - - 255,259 310,750  - - - - - - 1  - - - - - - 14,786 18,000 - - - - - - - -  - - - - - - - -  - - - - - - 240,473 292,750  - - - - - - 49,286 57,000  - - - - - - - -  - - - - - - - -  - - - - - - 49,286 57,000  - - - - - - 205,973 253,750  Taxable Salary paid by us  opertyPerquisite Valuation Add: Perquisites- Company leased accommodation- Add : Other Incomes- Concessional Loans- Gross Total Income- Hard Furnishing- Less : Deductions from Income- Sale of assets- Taxable Income-  Tax due on above 150,000.00 Add: Education Cess @ 3%(150,000.00)  - Net tax payable Tax Deducted by Previous Employer     ET FOR THE FINANCIAL YEAR 2-2013   urces Tax already deducted till Aug, 2012- Balance tax to be deducted-  Tax to be deducted p.m. from JAN 2013, onwards - Tax deducted last month otherwise through payroll1,555,488 Balance Tax deductible-  1,405,488 Aug-12Sep-12Oct-12Nov-12Dec-12Jan-13Feb-13Mar-13 - - - - - - 123,214 150,000  - - - - - - 61,607 75,000  - - - - - 72,000 72,000 72,000  - - - - - - 49,286 57,000  - - - - - - - -  - - - - - - - -  - - - - - - - - - - - - - - - - - - - - - - 255,259 310,750 
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