TAX COMPUTATION SHEET FOR THE FY : 2023-2024

Employer Details Employee Details

BHARAT FIH LTD EMP CODE RS0003757 DOJ : 11 Jun 2018 PAN NO
SIPCOT HI-TECH SEZ, SIPCOT INDUSTRIAL PARK PHASE II, CHENNAI - NAME CHANDRASEKARAN S
BANGALURU HIGHWAY(NH-4), SUNGUVARCHATRAM, SRIPERUMBUDUR TALUK, DESIGNATION ASSOCIATE ENGINEER
KANCHIPURAM DIST - 602106

Old Regime (With Documents)

Earning Details

Earnings Total Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Basic 151684 14588 13765 12353 12353 12154 12353 12353 12353 12353 12353 12353 12353

HRA 75846 7293 6883 6177 6177 6077 6177 6177 6177 6177 6177 6177 6177

LTA 30340 2917 2753 2471 2471 2431 2471 2471 2471 2471 2471 2471 2471

Spl All 45506 4376 4130 3706 3706 3646 3706 3706 3706 3706 3706 3706 3706

Tech All 18476 2000 1500 1500 1500 1476 1500 1500 1500 1500 1500 1500 1500

OT 3106 1459 1647 0 0 0 0 0 0 0 0 0 0

Total 324958 32633 30678 26207 26207 25784 26207 26207 26207 26207 26207 26207 26207

Deduction Details

Deductions Total Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
PF 20647 1800 1800 1800 1800 1800 1800 1800 1800 1800 1482 1482 1482

PTAX 2499 208 208 208 209 209 208 208 208 209 208 208 208

Total 23146 2008 2008 2008 2009 2009 2008 2008 2008 2009 1690 1690 1690
1. Total Gross Income (A) 324958 9. Section 80C Exemptions Tax Calculation Workings 251811
Life Insurance Premium 0
2. Allowances to the extent exemp under Sec 10
PPF 0 (0 - 250000) - NIL 250000 0
Leave Travel Allowance 0
Insurance Premium 0
House Rent Allowance 0 (250001 - 500000) - 5% 1811 90
HomeLoanAccountScheme 0
Total amt other exemption under Sec 10 0
ELSS 0 (500001 - 1000000) - 20% 0 0
Total Exemption (B) 0
National Savings Certificate 0
(Above 1000000) - 30% 0 0
3. Salary after Section 10 (C)=(A)-(B) 324958 Housing Loan Principle 0
Previous Employment Income (D) 0 Pension Scheme 0 Total 251811 90

Total Income after Section 10 (E)=(C)+(D) 324958 Retirement Benefit Scheme UTI 0
Child Education-2 Children 0
4. Deductions under Section 16
Term Deposit - 5 Years 0
Standard Deductions 50000
Provident fund 20647
Professional Tax 2499 HRA Exemption Workings:-
Previous Provident fund 0
Previous Professional Tax 0
Total 80C 20647 Month Rent - 10% HRA 50% Basi Exempt
5. Total deductions under Section 16 (F) 52499 Basic
6. Salary after Section 16 (G)=(E)-(F) 272458 Deductable under 80C (L) 20647 Total
7. Housing Loan Interest (H) 0 Taxable Income (M) = (K)-(L) 251811
Total Income (I) = (G)-(H) 272458 Tax on total Income 0
Rebate Section 87A 90
8. Deductions Chapter VI - A
Tax After Rebate 0
Physically Handicapped 80DD 0
*Surcharge @ 10% /15% 0
National Pension Scheme 80CCD 0
Education Cess 4 % 0
Medical Premium 80D 0
Total Tax 0
Medical Premium 80D Senior Citizen 0
Previous TDS u/s 192(1) 0
Higher Education Loan Interest 80E 0
TDS u/s 192(1) 0
Total deductions Chapter VI - A (J) 0
Net Tax 0
Net Income (K)=(I)-(J) 272458
Monthly TDS to be deducted 0

Income from House Property Computation :

Rental Income (1) 0
Municipal Taxes (2) 0
Net Annual Value (3) = (1) - (2) 0
Std. Ded (4) = (3) * 30% 0
(5) = Net Annual Value (3) - Std. Ded (4) 0
Loan Interest (6) 0
Loss (7) = (5) - (6) 0
Self Occupied (8) 0
Liable (9) = Max(-200000, ((7) - (8))) 0
Pending Documents (if any) *Surcharge 10% on Tax if income>50 lakhs < 1 Crore
Surcharge 15% on Tax if income> 1 Crore