INCOME TAX CALCULATION FOR THE YEAR 2018-2019.

01 Name of the Employee Srimat. K.V. LAKSHMI

02. Designation & PAN No. J.L. in History, ACPPK4385D
03. Name of the Office GOVERNMENT JUNIOR COLLEGE,CHIRALA.
04. Gross Salary 16,86,695
05. H.R.A. Exempted:
i) Actual HRA Receive
ii) Rent paid in Excess of 10%of(Pay+DA) Own House Own House
iii) 40% of salary
06. Net Salary Income (4 – 5) 16,86,695
Less Standard Deduction 40,000
Net Income from salary 16,46,695
07. Deductions
a) Profession Tax (U/S 16(iii) 2,400
b) Interest on H. L. (U/S 24(L) (vi)
c) Medical Re-imbursement, if any
TOTAL 2,400 (-) 2,400
08. Gross Total Income (6-7) 16,44,295
09. Deductions under Chapter VI-A
A) Savings (U/S 80 ) (Max. Rs.1,00,000)
i) G.S.L.I.
ii) L.I.C.(SSS)
iii) L.I.C. Personal
iv) Tuition Fee
Any other
Postal Boand 1,50,000
T O T A L (U/S 80 C) (-) 1,50,000
14,94,295
ix) 80 E Interest on Edn. Loan.
B) Infrastructure Bonds
C) Mediclaim Insurance (80-D)
D)Expenditure on PHC Dependent (80DD)
E) Exp. on Medical Treatment (80DDB)
F) Donations 80 G i) C.M. Relief Fund 1,100
ii) Sainik Welfare
iii) Other Donations
G) Deductions to PHC employees (80 U) (-)1,100
T O T A L (Chapter VI – A)
10. Taxable Income (8 – 9) 14,93,195
11. Taxable Total Income
FOR GOVERNMENT SERVANT
Up to Rs. 2,50,000 2,50,000 Nill
2,50,001 to 5,00,000 (5%) 2,50,000 12,500
Rs. 5,00,001/- to 10,00,000/- (20%) 5,00,000 1,00,000
Above Rs.10,00,000/- (30%) 4,93,195 1,47,960
12. Tax Rebate (Below 3,50,000 Income Rs.2500
13. Tax on Total Income 2,60,460 2,60,460
14. Surcharge (2% Education Cess)
Secondary & Higher Education (Cess1%) 10,418 10,418
Health(Cess1% )
15. NET TAX PAYABLE 2,70,878
Tax paid: Q1 March 18 to May 18 Rs. 60,000
Q2 June18 to August18 Rs. 60,000
Q3 Sept18 to Nov18 Rs. 60,000
Q4 Dec to Jan Rs. 40,000
In Feb Rs. 52,000
Total 2,72,000
Refund 1,122

Signature of the D.D.O., Signature

 Smt. K.V. LAKSHMI, J.L. IN HISTORY

MONTH & PAY D.A., H.R.A. TOTAL LIC GS P.T. I.T. SW/cmr
YEAR
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
Mar., 18 87,130 21002 12634 1,20,766 200 20,000
Apr., 18 89,290 21522 12947 1,23,759 200 20,000
May 18 89,290 21522 12947 1,23,759 200 20,000
June 18 89,290 21522 12947 1,23,759 200 20,000
July 18 89,290 21522 12947 1,23,759 200 20,000
Aug., 18 89,290 21522 12947 1,23,759 200 20,000
Sep., 18 89,290 21522 12947 1,23,759 200 20,000 500
Oct., 18 89,290 22926 12947 1,25,163 200 20,000
Nov., 18 89,290 22926 12947 1,25,163 200 20,000 500
Dec., 18 89,290 22926 12947 1,25,163 200 20,000 100
Jan., 19 89,290 22926 12947 1,25,163 200 20,000
Feb., 19 89,290 22926 12947 1,25,163 200 52,000
DA Arrear 25,429 --- 25,429 --- --- ---
DA Arrear 20,745 --- 20,745 --- --- ---
PRC Arrear 21190 68980 61216 151386
---
Total 10,90,510 3,79,918 2,16,267 16,86,695 2,400 2,72,000 1100

SIGNATURE OF THE D.D.O. SIGNATURE OF THE EMPLOYEE

Pay: Rs.
Spl.Pay Rs.
D.A., Rs.
Total Rs. 10% = Rs. 40% = Rs.
House Rent Paid =