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Income Tax Calculator F.Y. 2018-19 (AY 2019-20)
Gender Male
Name Dakshinamoorthy
Have a Question? Ask it here: http://www.SocialFinance.in
Age 41
Number of children 2

Salary Breakup April May June July August September October November December January February March Total

Basic Salary 64,179 64,179 64,179 64,179 64,179 64,179 64,179 64,179 64,179 64,179 64,179 64,179 770,148
House Rent Allowance (HRA) 25,672 25,672 25,672 25,672 25,672 25,672 25,672 25,672 25,672 25,672 25,672 25,672 308,064
Dearness allowance (DA) - - - - - - - - - - - - -
Child Education Allowance 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Grade/Special/Management/Supplemementary Allo 19,056 19,056 19,056 19,056 19,056 19,056 19,056 19,056 19,056 19,056 19,056 19,056 228,672
City Compensatory Allowance (CCA) 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 19,200
Arrears - -
Gratuity -
Leave Travel Allowance (LTA) 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000
Leave Encashment 40,000 40,000
Performance Incentive/Bonus 8,000 8,000
Food Coupons 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000
Periodical Journals - - - - - - - - - - - - -
Uniform/Dress Allowance - - - - - - - - - - - - -
Telephone Reimbursements 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000
Professional Development Allowance - - - - - - - - - - - - -
Car Reimbursement 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 288,000
Internet Expense - - - - - - - - - - - - -
Driver Salary - - - - - - - - - - - - -
Gifts From Non-Relatives -
Gifts From Relatives -
Agricultural Income -
House Rent Income/Notional rent (income from ho 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Saving bank account interest -
Other income (Fixed deposit /NSC/SCSS Interest) -
Income from Lottery, Crossword Puzzles, prizes etc -
STCG from listed equity products/equity MFs -
STCG not from listed equity products/equity MFs -
LTCG from listed equity products/equity MFs -
LTCG not from listed equity product/equity MFs s w/o indexation -
LTCG not from listed equity products/equity MFs with indexation benefits -
TOTAL INCOME 194,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 1,811,484

Exemptions
Actual Rent paid as per rent receipts - - - - - - - - - - - -
Place of residence Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City Metro City
Availing
both HRA
HRA Exemption and Home - - - - - - - - - - - -
loan
exemption -

Non-Taxable Allowances Investment/Bills Details

Child Education Allowance 2,400 2,400
LTA receipt submitted 48,000 48,000
Food Coupons 15,000 15,000
Periodical Journals - -
Uniform/Dress Allowance - -
Telephone Reimbursement receipts s 48,000 48,000
Prof. Development receipts submitte - -
Car Expenses Reimbursement receipt 288,000 288,000
Internet expense receipts submitted - -
Driver Salary receipts submitted
Other Reimbursement receipts - -
submitted - -
Non taxable Gratuity - -
Non
Non taxable
taxable leave
Houseencashment
rent income-30% - During Service -
ded. 10,800 10,800
Balance Salary 1,399,284
Professional Tax -
Non taxable Equity LTCG - -
Net Taxable Salary 1,399,284
Total Home loan amount
Self occup. Home Loan Interest Component -
Letout property Home Loan Interest 200,000 200,000
Municipal taxes paid on letout proper - -
Gross Total Income 1,199,284

Deductions under chapter VIA

Life Insurance Premium payment 100,000
Employee's contribution to PF -
PPF (Public Provident Fund) or SSAS 24,000
Equity Tax saver Mutual Funds - ELS -
National Savings Certificate (NSC) d -
National Savings Scheme (NSS) depos -
Senior Citizen Savings Scheme (SCSS -
Post Office/Tax saving Bonds investm -
Children Tution Fees paid 60,000
Housing Loan Principal repayment 160,000
Tax saving Fixed Deposit for 5 yrs. o -
Stamp Duty/Registration charges for -
Other Eligible Investments
Total of Section 80C 344,000
Pension Fund (80 CCC) 144,000
NPS/APY Deposit 80CCD -
Total Deductions u/s 80C, 80CCC, 8 488,000 150,000

80D (Medical ins prem for Self

and/or Family all below 60 yrs)
80D (Medical ins prem for
Parents/Sr. Citizens)
80DD (Maintainence of depandant
disabled)
80DDB (Medical treatment for
specific diseases)
80E (Interest paid on Higher
Education Loan)
80U (Handicapped person/Perm.
Disability)
Donations - 80G (100 % deductions)
Donations - 80G (50 % deductions)
80CCG - RGESS
Employer NPS deduction u/s 80CCD(2
Interest deduction u/s 80TTA/B
- -
27,000 Insured above 60 years 27,000
- With Severe Disability -
- Patient Below 65 years -
- -
- With Severe Disability -
- -
- -
- -
- -
- -

Standard Deduction (40,000) 40,000

Total Taxable Income 982,284

Taxable Income rounded off 982,280

Income Tax on Total Income 108,956

Tax credit u/s 87A -
Income tax after Tax credit 108,956
Surcharge -
Income tax including surcharge 108,956
Education Cess @ 4% 4,358
Income tax including education cess 113,314
TDS (Tax deducted at source) -
Pending Tax Payable 113,314

Monthly Deductions from salary April May June July August September October November December January February March
TDS (Tax deducted at source) -
Professional Tax -
Employee's PF Contribution -
Self/Employee's NPS/APY Contribution -
VPF (Voluntarily Provident Fund) contribution -
Deduction for company provided transport -
Deduction towards State Labour welfare Fund (LWF) -
Deduction towards company provided Group Term insurance -
Deduction towards Leave availed -
Deduction towards company provided medical insurance -
Other Deductions from Employer -
Employer's NPS Contribution - - - - - - - - - - - - -
Employer's PF Contribution - - - - - - - - - - - - -

In Hand Salary 194,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957 146,957
In Hand Salary without reimbursments 161,707 113,707 113,707 113,707 113,707 113,707 113,707 113,707 113,707 113,707 113,707 113,707

Total Income in this year 1,811,484

ADVANCE TAX SCHEDULE - NOT APPLICABLE FOR SENIOR CITIZENS

Total Tax as per Consolidation Sheet: 113,314

PARTICULARS % Payable Paid Difference

Payable upto 15th June 15% 16,997 - 16,997
Payable upto 15th September 45% 50,991 - 50,991
Payable upto 15th December 75% 84,986 - 84,986
Payable upto 15th March 100% 113,314 - 113,314

Success
Savings for Tax
PPF Investments
April 2,000
May 2,000
June 2,000
July 2,000
August 2,000
September 2,000
October 2,000
November 2,000
December 2,000
January 2,000
February 2,000
March 2,000
Total 24,000

Long Term infra bonds investment

April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

Post Office/Tax saving Bonds investments Children Tution Fees paid

April -
May -
June -
July -
August -
September -
October -
November -
December -
January -
February -
March -
Total -

Pension Fund (80 CCC) investments

April 12,000
May 12,000
June 12,000
July 12,000
August 12,000
September 12,000
October 12,000
November 12,000
December 12,000
January 12,000
February 12,000
March 12,000
Total 144,000

GROSS TOTAL 330,000

Details of Salary paid and any other income and tax deducted
1 Gross Salary
17(1) Rs. 1424484
(b) Value of perquisites u/s 17(2) (as per Form
No.12BA, wherever applicable) Rs. 0
(c) Profits in lieu of salary under section 17(3)(as
per Form No.12BA, wherever applicable) Rs. 0
(d) Total Rs.

2 Less :Allowance to the extent exempt u/s 10

(a) HRA Exemption Rs. 0
(b) Conveyance allowance Rs. 0
(c) Child Education Allowance Rs. 2400
(d) Gratuity Rs. 0
(e) Leave Travel Allowance (LTA) Rs. 48000
(f) Leave Encashment Rs. 0
(g) Total Rs.

3 Balance 1-2 Rs.

4 Deductions :
(a) Entertainment allowance Rs. 0
(b) Tax on employment Rs. 0

5 Aggregate of 4(a) and (b) Rs.

6 Income chargeable under the head ‘Salaries’ (3-5)

7 Add: Any other income reported by the employee

(a) Income From House Property Rs. -174800
(b) Saving bank interest Rs. 0
(c) Other taxable income Rs. 0
(c) Total Rs.

8 Gross total income (6+7)

9 Deductions under Chapter VI-A

(A) sections 80C, 80CCC and 80CCD
(a) Deductions in respect of specified
investments/savings - 80C
(i) ELSS Rs
(ii) EPF Rs
(iii) PPF Rs
 (iv) House Loan principal repay Rs
(v) Stamp duty Rs
(vi) Life insurance Premium Rs
(vii) NSC/NSS deposits Rs
(viii) SCSS deposits Rs
(ix) Tax saving fixed depoists Rs
(x) Children tuituion fees Rs
(b) section 80CCC Rs
(c) section 80CCD Rs
(B) Other sections (e.g. 80E, 80G, 80TTA, etc.) under
Chapter VI-A.
(i) section 80D Rs
(ii) section 80DD Rs
(iii) section 80DDB Rs
(iv) section 80E Rs
(v) section 80U Rs
(vi) Section 80CCG Rs
(vii) Employer NPS deduction u/s 80CCD(2) Rs
(viii) 80TTA/B Rs

10 Aggregate of deductible amount under Chapter VI-A

11 Total Income (8-10)

12 Tax on total income

13 Education cess @ 4% (on tax computed at S. No. 12)

14 Tax Payable (12+13)

15 Less: Relief under section 89 (attach details)

16 Tax payable (14-15)

 1424484

50400

1374084

Rs. 1374084

-174800

Rs. 1199284

Gross Deductibl
Amount e Amount
0
0
24000
 160000
0
100000
0
0
0
60000
144000
0 Rs 150000
Gross Deductibl
Amount e amount
27000 Rs 27000
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0
0 Rs 0

Rs 177000

Rs 1022284

Rs 108956

Rs 4358

Rs 113314

Rs 0

Rs 113314