Direct Tax and Planning

Team Members:

Sanjay Andrews Cherian- F22046

Santhana Lakshmi M – F22107
Akash S- F22122
Jeffrey R-F22137
Jessintha Rosaline R-F22139
Niveditha S-F22156
Srivatsan KK- F221171
 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

To,
Mr. Morgan Blake
18, Greater Kailash, New Delhi – 110048.

Sub: Appointment Letter for Zonal Sales Manager

Dear Mr. Morgan Blake,

We are pleased to inform you that you have been selected for the profile of "Zonal Sales
Manager” with a salary package of 24 lakhs CTC based on the results of interviews conducted
on July 26th, 2022. You will be reporting directly to our Vice President – Marketing, Ms.
Katherine Langford at Delhi office. Listed below are the important terms and conditions of the
employment as agreed upon:

1. The appointment with our organization is effective from the date of joining i.e.,
September 1st, 2022.
2. The complete description of your salary and other allowances is stated in Annexure A
that is enclosed with the letter. Complete terms & Conditions for your profile has been
mentioned in detail in Annexure B that in enclosed with the letter.
3. You will be on three-month probation with the company. The duration or probation can
be revised on the discretion of Management depending upon your performance. During
this period, you are not entitled for any paid leaves.
4. Once you have successfully completed probation, your permanent employment will be
confirmed formally in writing via appointment letter. You will then be entitled for
various other benefits as the employee of the company which will be mentioned in
detailed in the letter.
5. Any increment in salary or rewards will be based on the performance parameters defined
by the company and your performance will be measured against those parameters.
6. In case you are absent from work without any prior information then you will be entitled
for loss of pay. Moreover, if you are absent from work without information for more than
four times in a year, Management will have the discretionary power to take an action
against you.
7. During your period of employment, you will have to maintain complete secrecy on
projects you will be working on, about clients and the company. Any confidential
information shall not be shared with anyone from outside your team or department.
Sharing of confidential information outside the company will be considered as a
criminal offense.
If you agree with these terms and conditions, then please submit your acceptance by sending a
confirmation. Just sign and send duplicate copy to us.

We are all looking forward to having you on our team.

Best regards,

Mr. Robert Brown, Head of HR

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Annexure-A - Salary & Other Allowance Details

1. Basic Pay

You will be eligible for a basic pay of Rs.73,750 per month.

Bouquet of Benefits (BoB)

Bouquet of Benefits offers you the flexibility to design this part of your compensation within
the defined framework, twice in a financial year. All the components will be disbursed on a
monthly basis. The amounts given here for each of the components below are as per pre-
defined structure. However, you may want to redistribute the BoB amount between the
components as per your tax plan, once you join SAC Pvt. Ltd

The following are the allowances provided by the company as per your profile.

1.House rent Allowance

Your HRA will be Rs. 37,000 per month considering the area of your posting. While
restructuring your BoB amount to various components, it is mandatory that at least 10% of
monthly basic pay be allocated towards HRA.

2.Uniform Allowance

You will be eligible for uniform allowances of maximum of Rs. 2000 per month. You will be
required to attend the weekly meeting on status of the regional sales and its status to the top
management. You will be attending the meeting in proper formal attire. To avail income tax
benefits, you need to apply for a minimum of three days of buying the and submit supporting
bills.

3.Leave Travel Allowance

You will be eligible for annual Leave travel allowance for going anywhere in India along with
his family (Family includes spouse, children and dependent brother/sister/parents. However,
family doesn’t include more than 2 children of an Individual born on or after 01-10-1998) in
normal cases but in special cases like if your second child happens to be a twin you can include
all three of your kids up to an amount of Rs. 2,70,000 provided if one of your trips is carry
forward to the current block period and make 3 trips in the current year. To avail income tax
benefits, you need to apply for a minimum of three days of leave and submit supporting travel
documents.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

4.Official Conveyance allowance

Your official conveyance allowances for meeting up vendor and clients is fixed at a maximum
of Rs.16,300 per month. To avail income tax benefits, you need to submit the petrol and service
maintenance bill on monthly basis.

5.Helper Allowance

You are eligible for helper allowance of Rs.10300 per month who will be assisting you in your
work such as scheduling meeting with the vendors & Super Stockist, Preparation of documents
to be presented, etc. The role of the helper is to make your official work guileless and should
be strictly used only for official purposes only.

6.Hostel Expenditure Allowance

You will be eligible of up to Rs. 300 per month per child up to a maximum of 2 children and
3 children in the case of the second child happens to be a twin.

7.Driver Allowance

You are eligible for driver allowance of Rs. 9000 per month provided that car is used
exclusively in the performance of official duties

8.Daily Allowance

You are eligible for daily allowance of Rs. 15000 per month for attending review meeting on
a frequent basis, held at the offices across India.

9.Child Education allowance

You will be eligible of up to Rs. 100 per month per child up to a maximum of 2 children and
3 children in the case of the second child happens to be a twin.

3. Perquisites

1.Gift in Kind

You will be eligible for gift in kind up to Rs.5,000 in aggregate per annum.

2.Newspapers & Journals

You will be eligible for Rs.900 per month to buy newspapers & Periodicals, etc. to
constantly update your knowledge about the market.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

3.Meal coupons

You will be eligible for Free meals more than Rs. 50 per meal for maximum of 2 meals per
day. You will also have the option of having breakfast and lunch at office premises for free of
cost.

4.Telephone/mobile (internet )

You will be eligible for Rs. 1000 per month to cover mobile bill charges and Rs.475 per
month for broadband connection expenses.

5.Laptop

To claim the laptop/mobile allowance as a tax exemption, the employee must provide the
following documents to the employer:

• Proof of purchase of the laptop or mobile phone

• Proof that the laptop or mobile phone is being used for work purposes

If the laptop/mobile allowance is paid in cash, the employee must also keep a record of the
payments made.

Tax exempted amount: Rs.1,00,000 per annum

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Annexure-A – Terms & Conditions

TERMS AND CONDITIONS OF EMPLOYMENT
The company's offer is based on the information, details, and declarations that you have
provided. The Company reserves the right to terminate your employment immediately if it is
determined at any time that the information you provided was false or misleading.
1. Duties, Responsibilities, Transfer, etc.
1.1 You must attest that you will carry out your responsibilities, as assigned from time to time,
with integrity, diligence, and discretion. You must
(a) use your best efforts to protect and advance the company's interests,
(b) devote your full time, attention, and effort to the company, and
(c) refrain from directly or indirectly engaging in or being interested in any business,
profession, or vocation, including any activity that conflicts with your job duties or position
with the company. If your employer requests that you perform additional duties or assume
additional responsibilities, you must comply.
1.2 The Company may, at its sole discretion, change your designation or transfer you to any
other group, division, or location of the Company or one of its subsidiaries or affiliates, based
on business needs. You are presently assigned to Chennai. However, your services are
transferable to any office of the company or its affiliate in India or abroad, whether the office
already exists or is acquired in the future, at the management's sole discretion.
1.3 The company does not guarantee the continuation of any benefits or bonuses at the new
location. In the event of a transfer, you will be subject to the Company's then-current policies
as well as its relocation policies.
1.4 In addition to your assigned tasks and responsibilities, the Company may require you to
communicate and work directly or indirectly with external entities and/or authorised
representatives of such entities during your employment.
1.5. When interacting or working with these associates, you are expected to represent the
company as a brand ambassador by exhibiting politeness, positive behaviour, a cooperative
attitude, and competent work skills in order to protect the company's reputation and goodwill.
You are not permitted to speak negatively about the Company, its officers, directors, or
employees.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

1.6 For any act you have committed and brought to their attention, the Company may take
severe disciplinary action against you, including, but not limited to, terminating your
employment.
1.7 Because this is a full-time position with the Company, you are not permitted to work for
any other organisation on a permanent, temporary, or part-time basis, nor are you permitted to
provide your services for free or for compensation to any individual, business entity, or
governmental agency, or to operate your own business, without the Company's prior written
consent. You will adhere to all instructions given to you by the Company, as well as all
applicable laws, regulations, and agreements.
1.8 Statutory laws enacted by the federal government or municipal governments, as may be
applicable from time to time, will also influence your employment. You must comply with all
current and future Indian laws, regulations, and executive orders that pertain to your
employment with the company. This includes, but is not limited to, the country's 1988 (as
amended) Prevention of Corruption Act.
1.9 You represent and covenant that you have not and will not, during your employment with
the Company, pay, give, or offer or promise to pay or give any money or any other thing of
value, directly or indirectly, to, or for the benefit of: I any public servant, government official,
political party, or candidate for political office; or (ii) any other person, firm, corporation, or
other encumbrance.
1.10 You have the right to utilise the grievance resolution processes detailed in the company's
policies and procedures if you have any complaints or disagreements while employed by the
company.
1.11 In addition to the employment terms and conditions stated here, your employment will
also be governed by any other practises, systems, policies, and rules that the Company may
from time to time amend, modify, or omit, including those that may be outlined in its policies
and procedures.
2. Payment and Compensation
2.1 Your monthly compensation will be deposited into your bank account on the last day of
each month. If the payment date falls on a holiday or non-working day, the payment will be
made the day before. Your remuneration is subject to review annually. Review dates will be
announced in the future. Ensure you are aware of the repercussions that apply to your individual
salary components.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

2.2 Your performance will be evaluated monthly based on new business production, claim
ratio, and profitability. In the event that your performance is unsatisfactory, the company shall
have the absolute right to terminate your service without notice.
2.3. Information regarding your compensation package is purely confidential; therefore, you
are required to maintain its secrecy.
3. Work Hours and Leave
3.1 The Employee must adhere to the laws regarding working hours, shifts, and time off. You
may be required to work additional hours as needed to carry out your duties and responsibilities
effectively and efficiently.
3.2. Any absence without sanction of leave shall be treated as unauthorised and without pay.
In addition, if you absent yourself from the services/duty without prior written permission or
overstay sanctioned leave for seven consecutive days, you will be deemed to have abandoned
the service voluntarily without giving due notice and you shall be removed from the services
with immediate effect without any notices whatsoever and without the need to resort to
disciplinary proceedings.
3.3 You may be required to work on staggered timings / schedules, which are subject to change
from time to time, in accordance with the company's policy guidelines and the employees'
service rules.
4. Privacy and Confidentiality
4.1 You are not permitted to disclose any proprietary or confidential information, whether
orally or in writing, to any person or entity during or after your employment with the company.
4.2. "Proprietary or Confidential Information" includes, but is not limited to, the Company's
knowledge, trade secrets, software (whether in object or source code), statistics, data, databases
(of clients), know-how, processes, designs, drawings, charts, concepts, ideas, systems, project
plans, business plans, client information, security information, and any other creations of
whatever nature, description, or organisation.
4.3 You must acknowledge that the Company has made it plain that such proprietary or
confidential information is valuable to the Company and/or its clients and is essential to the
Company's operations. The use of such proprietary or confidential information, in whole or in
part, for your own benefit or the benefit of any individual, firm, company, or other legal entity
other than the Company is strictly prohibited at all times, both during and after employment.
5. Retirement, Returning Company Property, and Transfer of Responsibilities:

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

5.1 You would automatically retire at age 60, but an extension of your services could be granted
at the management's sole discretion.
5.2. Upon your retirement, resignation, or termination of employment with the company,
however the separation may occur, you will likely return to the company all documents, files,
accessories, equipment, and materials related to the company's operational business that are in
your possession or under your control.
5.3 You are not permitted to retain duplicates, summaries, or notes of any of the preceding, and
the company reserves the right to take action against you if you do so.
5.4 To proceed with the Exit/Relieving formalities, you must comply with the following
requirements and obtain approval from the respective department managers:
a. Obtaining signed and sealed confirmation of customer accounts in the statement of
accounts provided by our accounts department.
b. Providing all customers with comprehensive information.
c. Returning company property such as laptop, mobile phone, SIM card, etc.

6. Restrictions upon departing the organisation

6.1 For a period of twelve months following the termination of your employment with ABC
Pvt. Ltd., you will not be permitted to:
(a) directly or indirectly, on your own or in conjunction with any other person. By virtue of
being an employee of ABC Pvt. Ltd., it is an employee's personal privilege to know specifics
or details regarding the company's materials, processes, systems, security, administrative, or
other organisational matters.
(b). Canvass or solicit, or attempt to canvass or solicit, any of ABC Pvt. Ltd.'s clients for
business.
(c). Start your own business or a comparable organisation in direct competition with ABC Pvt.
Ltd.
(d). Induce or attempt to induce any person employed by ABC Pvt. Ltd. as of the date of your
termination to quit the company's employment.
6.2 ABC Pvt. Ltd. has the right to take action against employees who violate the preceding
clauses.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

7. Additional conditions
7.1 You are expected to perform the duties assigned to you with a high level of initiative,
productivity, honesty, and economy.
7.2 You must abide by all of the Company's Rules, obey all reasonable orders from your
superior, and perform your duties punctually at each and every required location.
7.3 In all matters, including those not quickly addressed in this letter, you will be governed by
the rules and regulations applicable to personnel of your category in the company's employment
and/or in effect at the time, as well as those that may be formulated from time to time during
your employment.
8. Jurisdiction
8.1 This agreement shall be governed by Indian law and the provisions of the 1996 Arbitration
and Conciliation Act.
8.2 Any and all disputes arising out of or relating to this agreement shall, to the extent possible,
be settled amicably through expeditious, good-faith negotiations between the parties'
representatives.
8.3 All disputes, disagreements, and legal proceedings deriving from this agreement shall be
subject to the exclusive jurisdiction of the Chennai city court, and the arbitration award shall
be binding on both parties.
Please sign and return a duplicate of this letter to indicate your acceptance and confirmation of
the terms and conditions contained within.

With warm regards, I accept the Terms and Conditions

SAC Pvt. Ltd.

Priya Signature:
Head - HR Date:

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Allowances, Assumptions and Calculations

House Rent Allowance:
House Rent Allowance (HRA) is a component of salary that is paid to employees to help
them cover the cost of renting a home. HRA is typically paid as a fixed amount each month,
but it can also be paid as a percentage of the employee's salary.
Employees who live in rented houses can claim a tax deduction for house rent allowance
(HRA). This means that the amount of HRA that they receive will be deducted from their
taxable income, which will lower their overall tax liability.

If the HRA is claimed by stating that rent is being paid to the employee's parents, the
following documents will be required:

• A rent agreement for the house that the employee is living in.

• A bank statement showing the rent payments being transferred to the parents' bank
account.

Mr Morgan Blake lives in a 2BHK rented Apartment in Delhi. The monthly rent paid for the
same is Rs.44000. The employer of Mr Morgan provides him HRA of Rs.4,40,000 per
annum.

HRA
Per month Per annum
50% of the Basic Salary ₹ 36,875 ₹ 4,42,500

Actual HRA received from the employer ₹ 37,000 ₹ 4,44,000

Actual rent paid minus 10% of
₹ 36,625 ₹ 4,39,500
Basic salary

Tax exempt on HRA ₹ 36,625 ₹ 4,39,500

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

The tax amount which he can be exempted is Rs. ₹ 36,625 per month. This is the
minimum of the three mentioned above i.e., Actual rent paid minus 10% of Basic salary
received.

Tax exempted amount: Rs. 4,39,500 p.a.

Children Education Allowance

Children's Education Allowance (CEA) is a tax-exemption benefit provided by employers

to employees to cover the cost of education for their children. The CEA can be claimed
for tuition fees, books, and other educational expenses.

The CEA is admissible for the two eldest surviving children, with the exception that in
case the second child birth results in twins/multiple birth. This means that the CEA is
applicable for the case of 2 eldest surviving children, plus CEA for third or subsequent
children will only be permissible in the case of multiple births at the time of second
childbirth.

The CEA allowance provided is Rs.100 per month. In Mr. Morgan’s case due to multiple
births at the second childbirth, the total CEA that can be availed is:

Rs.100*12*3= Rs.3600.

Hostel Allowance

Hostel allowance given to kids of employees is a tax-exemption benefit provided by

employers to employees to cover the cost of hostel accommodation for their children. To
claim the hostel allowance as a tax exemption, the employee must provide the following
documents to the employer:

• Proof of the child's enrolment in a hostel

• Proof of the cost of hostel accommodation
The Hostel allowance provided is Rs.100 per month. In Mr. Morgan’s case due to
multiple births at the second childbirth, the total CEA that can be availed is:
Rs.300*12*3= Rs.10,800.

Leave Travel Allowance

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Leave Travel Allowance (LTA) is a tax-exemption benefit provided by employers to

employees to cover the cost of travel during vacations. The LTA can only be claimed for
travel within India, and the exemption is limited to two vacations in a block of four
calendar years. To claim the LTA exemption, the employee must have actually travelled,
and the travel must be for the employee alone or with their family.

The family includes the employee's spouse, children, and any dependent siblings or
parents. The exemption is limited to two children born after October 1, 1998, but there are
two exceptions:

• More than two children born before October 1, 1998, are not subject to the two-child
limit.

• If an employee has multiple births after October 1, 1998, after already having one
child, they are also not subject to the two-child limit.

Mr. Morgan Blake went on a vacation to Thiruvananthapuram from Delhi, with

his family of 5 members (consisting of his wife, three children,) during the
calendar year 2022. He decided to take two vacations in the year 2022 for the
block period 2022-2025. Additionally, he decided to use on carry forward from
the previous block period during the same year. Thus, in the year of 2022, He
is eligible to take three vacations to Trivandrum.

LTA (Block year 2022-2025)

Particulars Per head pertrip Total

Air India ₹ 18,000 ₹ 2,70,000

fare
Trivandrum

Note: Morgan is taking three trips to Trivandrum with his family of 5 and the Air Fare is
Rs.18000 per person

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

• Tax exempted amount: Rs. 2,70,000 p.a.

Uniform Allowance:

Uniform Allowance or Wardrobe allowance is provided by an employer to

his employees for the maintenance or purchase of the uniform that comply
with the dress code of the company for the performance of his duties at work.
This provision is fully tax exempted.

The maximum exemption that be claimed under this head id Rs.2000 per
month.

• Tax exempted amount: Rs. 24,000 p.a.

Helper Allowance

Helper Allowance is a tax-deductible benefit that employers provide to employees to help

cover the cost of hiring a helper. The allowance is typically paid in addition to the
employee's regular salary or wages.

The amount of the helper allowance can vary depending on the employer's policy and the
location of the employee. This means that the employee does not have to pay tax on the
amount of the allowance. Mr Morgan Blake hired a helper for official purposes and paid
him Rs.10,000 per month.

• Tax exempted amount: Rs.1,20,000.

Driver allowance

Driver allowance is a tax-deductible benefit that employers provide to employees to help

cover the cost of hiring a driver. The allowance is typically paid in addition to the
employee's regular salary or wages.

Mr Morgan Blake hired a driver to enable him to commute from his office to residence.
The monthly salary paid for him is Rs.9000 per month.

• Tax exempted amount: Rs.1,08,000

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Conveyance allowance

Conveyance allowance is a tax-deductible benefit that employers provide to employees to

help cover the cost of transportation to and from work. The allowance is typically paid in
addition to the employee's regular salary or wages. As per the Income Tax Act, the
maximum limit for conveyance allowance is Rs.1,600 per month.

• Tax exempted amount: Rs.19,200 per annum.

Daily allowance
Daily allowance is a fixed amount of money paid to an employee to cover their daily
expenses while they are traveling or working away from their home base. It is typically
paid in addition to the employee's regular salary or wages.

In the case of Mr. Morgan Stanley, he is a zonal manager in SAC Limited FMCG
company in Delhi. He is required to travel frequently to meet with clients and to attend
meetings. His employer has approved a daily allowance of Rs.2000 for him. This means
that Mr. Morgan Stanley can claim Rs.2000 per day for meals and incidental expenses
while he is traveling on business for a period of 6 months.

Laptop/Mobile allowance
To claim the laptop/mobile allowance as a tax exemption, the employee must provide the
following documents to the employer:

• Proof of purchase of the laptop or mobile phone

• Proof that the laptop or mobile phone is being used for work purposes

If the laptop/mobile allowance is paid in cash, the employee must also keep a record
of the payments made.
Tax exempted amount: Rs.1,00,000 per annum.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

 SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

PERQUISITIES
a)Newspaper:

To constantly update his knowledge the company is providing about Rs.900 per month
to procure periodicals and newspapers.

Tax exempted amount: Rs 10,800 p.a

b)Gift in Kind:
Gift in kind to a maximum limit of Rs.5,000 p.a. would be exempted from tax.
Beyond this limit, any amount would be taxable.
Mr. Morgan’s employer provides the employees of the company with gift vouchers
worth Rs. 5,000 on their birthdays.
Tax exempted amount: Rs. 5,000 p.a.

c)Refreshment and meals

Free meals and beverages in excess of Rs. 50 per meal less amount spent by theemployee
would be fully taxable. However, the below mentioned free meals shall be tax
exempted:
• Food or meals in office or through paid non-transferable vouchers provided by an
employer which are usable only at eating joints is exempted from tax, provided
the cost per meal is Rs. 50 (or less).

Mr. Morgan Stanley works 22 days a month, and hence avails the benefit provided by
his employer which consists of non-transferrable vouchers of Rs. 50 per meal on 2 meals
a day on all working days.

Tax exempted amount: Rs. 26,400 p.a.

d)Telephone/Mobile expenses

Mobile/telephone expenses are tax-deductible expenses that employees can claim if they use
their mobile phone for work purposes. The amount of the deduction can vary depending on the
employer's policy and the job role of the employee.

Mr Morgan is eligible for Rs. 1000 per month to cover mobile bill charges and
Rs.475 per month for broadband connection expenses.

Tax exempted amount: Rs. 17,700 p.a.

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in

SAC Pvt. Ltd.
Anand Chamber, East Patel Nagar,
New Delhi - 110008

Name Mr. Morgan Blake Address

57/58, sardar patel road, old
Designation Zonal Sales Mnanger delhi, delhi-92
Location Delhi
Date of Joining September 1,2022 Bank Nmae HDFC
Employee ID ABCG4567 Account
Gross Salary 24,00,000 Number 798787667
Particulars Amount
I.Basic Salary 885000
Dearness allowance 0
Commission 0
Tier 1 885000

II.Allowances
HRA 439500
Children education allownace 3600
Hostel expenditure allowance 10800
Leave travel allownace 270000
Uniform allowance 24000
Helper allowance 123600
Driver allowance 108000
Winter allowance 9600
Conveyance allownce 186000
Daily allowance 180000
Tier 2 1355100

III. Perquisities
Gift in Kind 5000
Newspaper and periodicals 10800
Telephone/Mobile ( internet ) 17700
Laptop/mobile allowance 100000
Refreshment & Meals 26400
Tier 3 159900
Laptop/mobile expenses 100000
Gross Salary (I+II+III) 2400000
(- )professional tax 2400
(-) Standard Deductions 50000
Total Taxable Income 832600

Tax liability 79020

Cess @ 4% 3160.8
Total tax payable 82180.8

Phone: +91-9856742563; Fax Number: +91-120-28177456; email: queries@saclimited.in