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    VISAI_V2404010_August_2024

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    ravishsom

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    VISAI_V2404010_August_2024

    Uploaded by

    ravishsom
    5 views3 pages

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    5 views3 pages

    VISAI_V2404010_August_2024

    Uploaded by

    ravishsom

    Copyright:

    © All Rights Reserved
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    VisAI Labs Private Limited

    Unit 55 & 56 SDF-1, MEPZ-SEZ, Chennai - 600045

    INCOME TAX COMPUTATION STATEMENT (Old regime)


    Employee ID V2404010 Employee Name RAVISANKAR S PAN No BAXPR4205A
    Company TAN CHEV19271A Company PAN AAICV0111E Location Mepz
    Financial Year 2024-25 Month August Gender Male

    INCOME FROM SALARY


    HEADS OF INCOME ACTUAL( ) PROJECTED( ) TOTAL( )
    Basic 2,21,675 3,10,345 5,32,020
    House Rent Allowance 1,10,840 1,55,176 2,66,016
    LTA 15,000 21,000 36,000
    Fuel 21,000 29,400 50,400
    Others 3,39,400 4,75,160 8,14,560
    Telephone 20,000 28,000 48,000
    meal pass 11,000 15,400 26,400
    Perquisites 0
    Previous employer income 0
    Gross Salary 17,73,396

    HEADS OF INCOME TOTAL( )


    Less Exemption U/s 10 5,12,442
    Net Salary 12,60,954
    Standard Deduction 50,000
    Proffesional Tax 2,500
    Less Deduction U/s 16 52,500
    Net Taxable Salary 12,08,454
    Income(Loss) from House Property 0
    Income from Other Sources 0
    Gross Total Income 12,08,454
    Less Deduction U/s VI A 10,35,000
    Taxable Income 1,73,454
    Taxable Income(Rounded Of) 1,73,454
    Tax Payable on Total Income 0
    Less Relief U/s 87A 0
    Tax Payable 0
    Add Surcharge 0
    Add Cess 0
    Total Tax Payable 0
    Less Relief U/s 89 0
    Total Tax Payable(Rounded Of) 0
    Less
    Tax Recovered Till Last Month 0
    Tax Deducted Current Month 0
    Total Tax Deducted 0
    Balance Tax Payable for remaining months 0
    Monthly Tax(Balance Tax/Remaining Tax) 0
    Adhoc tax 0
    INCOME TAX COMPUTATION STATEMENT
    Employee Code : V2404010 Employee Name : RAVISANKAR S PAN No : BAXPR4205A

    Exemption U/s 10 Amount

    HRA 2,17,242

    LTA 36,000

    Fuel 50,400

    Telephone 48,000

    meal pass 26,400

    Total 5,12,442

    Perquisites Amount

    -- --

    Total 0

    Deduction under chapter VI A Declared Actual

    Preventive Health Check Up Upto 5000 Part of Above 5,000 0

    Medical Treatment Expenses 60,000 0

    Children Tution Fees 75,000 0

    Medical Insurance Premium Self & Family Sr. Citizen 50,000 0

    Medical Insurance Premium Parents 25,000 0

    Life Insurance Premium 84,000 0

    Interest on Education Loan 7,00,000 0

    NPS Employee Contribution 50,000 0

    Provident Fund (PF) 21,600 0

    Provident Fund (PF) 21,600 21,600

    OTHER INCOME/(LOSSES)

    Section Name Description Declared Actual

    -- -- -- -- --

    Rent Paid Details Company Lease Accomodation

    From From
    To date Rent/month Metro To date Rent/month Metro
    date date

    01/04/2024 31/03/2025 30,000 Yes -- -- -- --

    Previous Employment Details

    Earning Components Amount

    -- --
    HRA Exemption Computation

    HRA Paid to the Employee 2,66,016

    Rent paid by the Employee 3,60,000

    Rent Paid Less 10% of Basic Salary 3,06,804

    40% or 50% of Basic Salary 2,17,242

    HRA Exemption On Monthly Basis 2,17,242

    *Basis,current income projection and proofs/declarations submitted.Any further increase/decrease in income/investmesnts will affect the tax accordingly

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