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  • Input To Be Provided in The Cells in Yellow

    Uploaded by

    Nikhil Kautilya
    30 views2 pages
    You may use this sheet to understand and calculate the IT Return (for India). Values are to entered in the cells highlighted in yellow.

    Original Title

    IT Calculation

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    You may use this sheet to understand and calculate the IT Return (for India). Values are to entered in the cells highlighted in yellow.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    30 views2 pages

    Input To Be Provided in The Cells in Yellow

    Uploaded by

    Nikhil Kautilya
    You may use this sheet to understand and calculate the IT Return (for India). Values are to entered in the cells highlighted in yellow.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Input to be provided in the cells in yellow

    Basic
    Performance Pay
    HRA allowance
    Suggestion
    Supplement allowance
    LTA
    Notice buyout
    Mobile allowance
    Personal allowance
    0
    Exemptions
    HRA exemption 0
    Standard Ded 40000

    Gross Income (after Exemptions) -40000

    Investments
    Term deposits 0
    PF contribution
    LIC
    Total investments 0

    Deduction towards medical premium

    Taxable income -40000


    Total tax -95500
    Additional cess (@4%) -3820
    Tax payable -99320
    Monthly tax payable -8276.66666667
    Rent paid (monthly)
    For HRA calculation
    1 0
    2 0
    3 0

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