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  • Tax Calculation For 2008-09

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    ksanjay65
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    1. The document shows tax calculations for two individuals for the year 2008-09, including their salaries, allowances, perks, exemptions, deductions, and total tax payable. 2. Individual 1's gross salary including perks was Rs. 10,512,56 and total tax payable was Rs. 222,260. 3. Individual 2's gross salary including perks was Rs. 11,39,044 and total tax payable was Rs. 253,522.

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    Tax Calculation for 2008-09

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    1. The document shows tax calculations for two individuals for the year 2008-09, including their salaries, allowances, perks, exemptions, deductions, and total tax payable. 2. Individual 1's gross salary including perks was Rs. 10,512,56 and total tax payable was Rs. 222,260. 3. Individual 2's gross salary including perks was Rs. 11,39,044 and total tax payable was Rs. 253,522.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    30 views2 pages

    Tax Calculation For 2008-09

    Uploaded by

    ksanjay65
    1. The document shows tax calculations for two individuals for the year 2008-09, including their salaries, allowances, perks, exemptions, deductions, and total tax payable. 2. Individual 1's gross salary including perks was Rs. 10,512,56 and total tax payable was Rs. 222,260. 3. Individual 2's gross salary including perks was Rs. 11,39,044 and total tax payable was Rs. 253,522.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 2

    Tax Calculation for the Year 2008-09

    Sr No Head Payment From BRPL Payment from Adani


    1 Basic Salary 133124 333336
    2 House Rent Allowance 56404 0
    3 Spl Allowance 64444 230896
    4 One Time Spl Payment 54000 0
    5 Enforcement Incentive 65772 0
    6 Bonus 0 27768
    7 Superannuation Allowance 0 50000
    Site Allowance
    8 Total 373744 642000
    9 Value of Perks@10% 0 64200
    10 Grand Total 373744 706200
    11 Exemption
    HRA Exemption 28688 0
    12 Gross Salary incl. Perks 345056 706200
    13 Deduction Under 16(1)
    Professional Tax 0 1600
    Income Chrgeable Under
    14 Head `Salaries` 434444 704600
    15 Other Income
    Pension
    Bank Interest
    16 Total inclusive all Income
    17 Rebate u\s VI-A
    18 Taxable Income
    Tax Calculation
    Up to 150000 Nil
    Above 150000 uo to 300000 10%
    Above 300000 uo to 500000 20%
    Above 500000 30%
    19 Total Tax
    20 Education Cess @ 3%
    Surcharge @ 10 %( on Tax
    21 of Rs 35602/-
    22 Net Tax Payable
    23 Tax Deducted at source 28988
    24 Tax - Self assessment 26666
    APL2M 434444
    Payment from PLL Total 240000
    199952 466460 83334 566421
    129969 56404 0 89969
    88519 295340 57724 1330834
    72223 54000 0 1230834
    0 65772 0
    0 27768 6942
    0 50000 12500
    75758 0
    566421 1015744 0
    64200 16050
    1079944 0
    0
    28688 0
    1051256 0
    0
    1600 600 219250.2

    1049656 1139044 177150


    0
    69996 69996
    20000 20000
    1135602 1229040
    100000 100000
    1035602 1124990

    0
    15000 15000 15000
    40000 40000 40000
    160681 187497 219251
    215681 242497 274251
    6471 7275 8227.53

    108 3750 282478.53


    222260 253522 94064
    28988 188414.53
    224534

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