V.

R (DAY) COLLEGE
T.BALAYA
ID NO:0845977
Designation : Lec in Commerce
INCOME TAX CALCULATION
F.Y .2019-2020 A.Y.2020-2021
PAN :ADHPT1140J
Gross Salary Rs. 2105449.00
H.R.A. Exemption as per eligibility U/s 10(13-A)
a. Actual HRA received Rs. 169072.00
b. Rent paid by you minus 10% of your Salary (Rent @ 8300 /-) Rs. 0.00
c. 40% of salary ( Salary means Basic Pay + DA) Rs. 738446.80
Total(least of 3 items) Rs. 0.00
Net Salary income (2-3) Rs. 2105449.00
Deductions from salary income :
a. Professional Tax (u/s 16 (iii)) Rs. 2400.00
b. Standard Deduction U/s 16(ia) Rs. 50000.00
TOTAL(a+b) Rs. 52400.00 Rs. 52400.00
Gross Total income (4-5) Rs. 2053049.00
Add : Income from other sources Rs. 0.00
Add : Income from Capital Gains Rs. 0.00
Add : Income from House Property U/s (24(vi)) Rs. 0.00
Gross Total Income (6+7) Rs. 2053049.00
Deductions
a. SWF & EWF & CMRF Rs. 120.00
b. E.H.F. Rs. 0.00
c. Interest of Housing Loan Rs. 35000.00
d. Expenditure on Medical treatment Rs. 20000.00
e. Interest of Educational Loan Rs. 0.00
f. Any Other enter here Rs. 0.00
TOTAL----------- Rs. 55120.00 Rs. 55120.00
Gross Total Income (8-9) Rs. 1997929.00
Savings (U/s 80C) (Limitted to 1,50,000)
i Tuition Fee for Children Rs. 0.00
ii LIC Policies premium - Yearly Rs. 39606.00
iii PLI (Postal Life Insurance) Rs. 0.00
iv SBI Life Insurance Rs. 0.00
v Public Provident Fund Rs. 0.00
vi Sukanya Samruddhi Yojana Rs. 0.00
vii Infrastructure Bonds Rs. 0.00
viii Any Other enter here Rs. 150000.00
Total Savings ( i to xi ) Rs. 189606.00 Rs. 150000.00
a) Deduction U/s 80D 18000.00 Rs. 18000.00
Net Taxable Income (10-11) rounded to nearest Rs.10/- Rs. 1829929.00
Tax on Income
a) Upto Rs. 250000 Nil Rs. -----
b) Rs. 250001 TO 500000 5% Rs. 12500.00
c) Rs. 500001 TO 1000000 20% Rs. 100000.00
d) Above Rs. 1000001 30% Rs. Rs. 248978.70
Total Tax on Income Rs. 361478.70
Tax Rebate U/s 87A (Max:2500) Rs. 0.00
Tax to be paid Rs. 361478.70
Add Education & Health Cess 4% Rs. 14459.15
Total Tax (15+16+17) 13541.00 Rs. 375937.85
Details of Adv.Tax Deductions Adv. Tax Deductions Rs. 2,80,815
a) Q1 Rs 57,000
b) Q2 Rs 57,000
c) Q3 Rs 66,000
d) Q4 Rs 1,00,815
TAX TO BE PAID NOW /PAYABLE 95122.85
 V.R(DAY) COLLEGE
Pay Bill Details of ID NO: 0845977
Name :T.BALAYA
Designation :Lec in Commerce

Month Year BPay DA HRA Others Gross P.T IT LIC GILS SWF Deductions NET

Mar 2019 49240 68444 4924 0 122608 200 19000 0 100 20 19320 103288
Apr 2019 49240 69921 4924 0 124085 200 19000 0 100 19300 104785
May 2019 49240 69921 4924 0 124085 200 19000 3995 100 23295 100790
Jun 2019 49240 69921 4924 0 124085 200 19000 3995 100 23295 100790
Jul 2019 50720 72022 5072 0 127814 200 19000 3995 100 23295 104519
Aug 2019 50720 72022 5072 0 127814 200 19000 3995 100 23295 104519
Sep 2019 143600 10052 22976 0 176628 200 22000 3995 100 26295 150333
Oct 2019 143600 10052 22976 0 176628 200 22000 3995 100 26295 150333
Nov 2019 143600 10052 22976 0 176628 200 22000 3909 100 26209 150419
Dec 2019 143600 10052 22976 0 176628 200 22000 3909 100 100 26309 150319
Jan 2020 147900 10353 23664 0 181917 200 48000 3909 100 52209 129708
Feb 2020 147900 10353 23664 0 181917 200 48000 3909 100 52209 129708
DA arrears 21897 21897 0 21897
UGC arrears 172455 90260 262715 78815 78815 183900
Grand Totals 1341055 505062 169072 0 2105449 2400 376815 39606 1200 120 420141 1685308