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  • Answer 2

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    adhishree bhattacharya
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    This document outlines an employee's pay particulars and amounts including basic pay, DA, commission, HRA received and rent paid, petrol and car expenses, loan payments, insurance premiums, gross income, deductions, and taxable income. The total taxable income for the year is 1,040,580 rupees.

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    This document outlines an employee's pay particulars and amounts including basic pay, DA, commission, HRA received and rent paid, petrol and car expenses, loan payments, insurance premiums, gross income, deductions, and taxable income. The total taxable income for the year is 1,040,580 rupees.

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    14 views2 pages

    Answer 2

    Uploaded by

    adhishree bhattacharya
    This document outlines an employee's pay particulars and amounts including basic pay, DA, commission, HRA received and rent paid, petrol and car expenses, loan payments, insurance premiums, gross income, deductions, and taxable income. The total taxable income for the year is 1,040,580 rupees.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Particulars Amount

    Basic Pay
    DA
    Commission
    Holiday Allowance
    HRA
    1. 50% of salary ₹ 457,400.00
    2. HRA Received ₹ 144,000.00
    3.Rent paid- 10% of salary ₹ 88,520.00
    Free refreshment during office hours
    Gas Bill
    Lunch Facility
    RPF
    Motor Car
    Petrol Expenses ₹ 100,000.00
    Insurance And Repairs ₹ 40,000.00
    Big Car ₹ 28,800.00
    Depreciation ₹ 100,000.00
    ₹ 268,800.00
    Personal Loan
    Life Insurance Premium
    Gross Income
    Income Tax Penalty
    Taxable Income before deductions
    Standard deduction u/s
    Professional Tax
    Taxable Income before deductions
    Amount
    ₹ 696,000.00
    ₹ 208,800.00
    ₹ 10,000.00
    ₹ 72,000.00
    ₹ 55,480.00

    ₹ -
    ₹ 8,000.00
    ₹ 30,000.00
    ₹ -

    ₹ -
    ₹ 15,000.00
    ₹ 1,095,280.00
    ₹ 1,700.00
    ₹ 1,093,580.00
    ₹ (50,000.00)
    ₹ (3,000.00)
    ₹ 1,040,580.00

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