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  • Provisional Tax Calculation For The Financial Year 2010-2011 Name Divyesh Desai ID Pan No. Designation Sex

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    This document provides a provisional tax calculation for Divyesh Desai for the 2010-2011 financial year. It lists Mr. Desai's salary components and amounts over 12 months, totaling to an annual taxable income of Rs. 352,896. It also details deductions of Rs. 100,000 under Section 80C and Rs. 26,500 under other sections, resulting in a net taxable income of Rs. 226,396 and a net tax payable of Rs. 6,839 for the year. The document requests clarification if needed on including all salary components, investment details, monthly deductions, and other taxable components.

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    Tax Calculation 2010-11

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    This document provides a provisional tax calculation for Divyesh Desai for the 2010-2011 financial year. It lists Mr. Desai's salary components and amounts over 12 months, totaling to an annual taxable income of Rs. 352,896. It also details deductions of Rs. 100,000 under Section 80C and Rs. 26,500 under other sections, resulting in a net taxable income of Rs. 226,396 and a net tax payable of Rs. 6,839 for the year. The document requests clarification if needed on including all salary components, investment details, monthly deductions, and other taxable components.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    35 views3 pages

    Provisional Tax Calculation For The Financial Year 2010-2011 Name Divyesh Desai ID Pan No. Designation Sex

    Uploaded by

    divyesh_desai
    This document provides a provisional tax calculation for Divyesh Desai for the 2010-2011 financial year. It lists Mr. Desai's salary components and amounts over 12 months, totaling to an annual taxable income of Rs. 352,896. It also details deductions of Rs. 100,000 under Section 80C and Rs. 26,500 under other sections, resulting in a net taxable income of Rs. 226,396 and a net tax payable of Rs. 6,839 for the year. The document requests clarification if needed on including all salary components, investment details, monthly deductions, and other taxable components.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    Provisional Tax Calculation for the Financial Year 2010-2011

    NAME Divyesh Desai ID PAN NO.


    DESIGNATION => Sex Male
    From : 1-Apr-10 Salary Per Month Salary for Months Total
    To : 31-Mar-11 1 2 3 4 6 6 - - 12
    Basic 20,720 20,720 124,320 124,320 - - 248,640
    Dearness Allowance - - - - -
    HRA City Other 5,600 5,600 33,600 33,600 - - 67,200
    Rent Paid By Employee 6,000 6,000 (23,568) (23,568) - - (47,136)
    Transport Allownace 2,800 2,800 16,800 16,800 - - 33,600
    Exemption of TA u/s 10(14) (800) (800) - - (4,800) (4,800) - - (9,600)
    Special Allowance 1,400 - 8,400 - - 8,400
    City Compensatary Allowance - - - - -
    Refre,Allowance 4,166 4,166 24,996 24,996 - - 49,992
    Refferal Claim -
    AIP -
    Taxable Reimb. -
    Leave Encashment -
    Notice Pay Recovery -
    Others -
    Total 38,486 39,886 - - 171,348 179,748 - - 351,096
    Perquisites/Others
    Company leased Accomodation - - - - -
    Less Borne by the Employee - - - -
    Medical Reimb 1,400 1,400 8,400 8,400 - - 1,800
    Interest free loans - -
    (Sweeper,Gardener & Watchman) - - - - -
    Free use of Car - - - -
    Hard Furnishing - - - - -
    Total 352,896
    Sub - Total 352,896
    Interest on Housing Loan
    Taxable Income 352,896
    Less : Deductions U/s 80
    80C
    LIFE INSURANCE PREMIUM 108,500
    PENSION PLAN PREMIUM
    ULIP
    MUTUAL FUNDS 36,000
    PPF 10,000
    HOUSING LOAN PRINCIPAL
    INTEREST ON NSC
    TUTION FEE 26,400
    FIXED DEPOSIT
    NSC
    5 year Postal Deposit Schemes
    EPF (DEDUCTED) 14,918 14,918 - - 29,837
    Total 100,000
    Infrastructure Bond 20,000
    Professional Tax (Deductd)
    80 D (Mediclaim) 6,500
    80 E (Interest Paid on Education Loan)
    80 U (Person with disability)
    Total 26,500
    Net Taxable Income 226,396
    Tax 6,640
    Education Cess 133
    Secondary Education Cess 66
    Net tax payable upto 31-Mar-11 6,839
    Deduction upto 31-Mar-11 -
    Balance Deduction => 6,839
    Deduction Per Month in remaining months => (53)
    S. No.
    1

    For any clarification please write me at


    Particular
    Insert all salary components in E6 To E29 Column
    You can Insert 4 different structure with in a year in E6 to H29 Columns

    Insert No. of Months in I 6 to L 6 for which salary in column E applicable respectively for Column F, G & H

    Insert your Investment Details in column No. M 36 to M 53

    Insert Monthly deduction details

    Insert Other Taxable components like Notice Pay, Leave Encashment & Taxable Reimb. Etc.

    For any clarification please write me at accradhe@gmail.com

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