Assignment- Module 2

Ideal Solution:

Here is the table for the salary breakup

Telep
SPECI
hone/ Taxab TDS
Empl Empl EMP Desig Mont Books AL
Gend Depar PAYD Intern Gross Annu le per NET
oyee oyee NAM natio hly BASIC HRA LTA Perio ALLO Rent
er tment AYS et Salary al CTC incom mont PAY
type Code E n Salary dicals WAN
Allow e h
CE
ance
Softw
Full-Ti Rahul are
1 M IT 50000 25000 10000 0 0 0
me Gupta Engin 60000 55000
eer 15000 50000 0 0 0 1950 48050
Senior
Raj Softw
Full-Ti
2 Meht M are IT 65000 32500 13000 7000 1000 1000
me
a Engin 78000 54100
eer 10500 65000 0 10000 0 1794 63206
Softw
Full-Ti Archa
3 F are IT 60000 30000 12000 7000 1000 1000 72000 56200
me na
Engin 9000 60000 0 0 0 2158 57842
 eer
Mark
Full-Ti eting Mark
4 Asha F 15000 7500 3000 0 0 0
me Execu eting 18000 13000
tive 4500 15000 0 0 0 0 15000
Softw
Full-Ti are Finan
5 Anjali F 20000 10000 4000 0 0 0
me Engin ce 24000 19000
eer 6000 20000 0 0 0 0 20000
Jai HR
Full-Ti
6 Meht M Execu HR 23000 11500 4600 0 0 0 27600 17080
me
a tive 6900 23000 0 10000 0 0 23000
Softw
Full-Ti Aarav are
7 M IT 20000 10000 4000 0 0 0
me Soni Engin 24000 19000
eer 6000 20000 0 0 0 0 20000
Full-Ti Aarya 18000 13000
8 M Tester IT 15000 7500 3000 0 0 0
me n Raj 4500 15000 0 0 0 0 15000
Calculation of taxable income

(Addin
yearly
Basic to
Rebate is Telephon taxable
Minimum e/ HRA) -
of these 3 Rent - Books Internet SPECIAL Adding (Standard
Basic condition HRA by 40% of 10%*Basi Taxable Periodical Allowanc ALLOWAN Taxable Standard Deduction
(Yearly) s -> employer Basic c HRA LTA s e CE amount Deduction )
300000 0 120000 120000 0 120000 0 0 0 180000 600000 50000 550000
390000 81000 156000 156000 81000 75000 0 0 0 126000 591000 50000 541000
360000 0 144000 144000 0 144000 0 0 0 108000 612000 50000 562000
90000 0 36000 36000 0 36000 0 0 0 54000 180000 50000 130000
120000 0 48000 48000 0 48000 0 0 0 72000 240000 50000 190000
138000 55200 55200 55200 106200 0 0 0 0 82800 220800 50000 170800
120000 0 48000 48000 0 48000 0 0 0 72000 240000 50000 190000
90000 0 36000 36000 0 36000 0 0 0 54000 180000 50000 130000
Calculation of TDS

Slab 2 (Rs. Slab 3 (Rs. Adding

Taxable income Slab 1 (Up to 2,50,000 - Rs. 5,00,000 - Rs. surcharge of
Rs. 2.5 Lakh) 5,00,000) 10,00,000) Slab 4 (Above Rs. 10,00,000) 4% TDS per month
550000 0 0 22500 0 23400 1950
541000 0 0 20700 0 21528 1794
562000 0 0 24900 0 25896 2158
130000 0 0 0 0 0 0
190000 0 0 0 0 0 0
170800 0 0 0 0 0 0
190000 0 0 0 0 0 0
130000 0 0 0 0 0 0