INCOME TAX PLANNING

BASIC SALARY 94000 OCT.07 TO MAR.08

H.R.A. 28200 OCT.07 TO MAR.08
TOTAL 122200
EXG. 6500
L.W.W 3250
131950
LESS HRA EXEMPTION 6200 OCT.07 TO MAR.08
NET TOTAL 125750
SAVING U/S 80 C
PF 12 % 11280
LIC PREMIUM 3364
14644

NET SALARY 111106 JULY 07 TO MAR.08

EXEMPTION 110000
NET TAXABLE INCOME 1106
TAX @ 10% 111
SURCHARGE 3% 3
TOTAL TAX 114
INCOME TAX PLANNING

BASIC SALARY 132000 1000*12= 12000

H.R.A. 39600 800*12= -9600
Conv. 2400 Conv. 2400
TOTAL 174000
EXG. 9100
L.W.W 5250
GROSS- 188350 Actul Rent paid-10% of
LESS HRA EXEMPTION 16800 Salary or HRA whichever less
NET TOTAL 171550
SAVING U/S 80 C
PF 12 % 15840
LIC PREMIUM 3364
19204

NET SALARY 152346

EXEMPTION 150000
NET TAXABLE INCOME 2346
TAX @ 10% 235
SURCHARGE 3% 7
TOTAL TAX 242
INCOME TAX PLANNING 2008-09

BASIC SALARY 132000 156000

H.R.A. 39600 46800
Conv. 2400 9600
TOTAL 174000 212400
EXG. 9100 9100
L.W.W 5250 5250
GROSS- 188350 226750
LESS HRA EXEMPTION 20400 23140
NET TOTAL 167950 203610
SAVING U/S 80 C
PF 12 % 15840 18720
LIC PREMIUM 5414 5414
21254 24134

NET SALARY 146696 179476

EXEMPTION 150000 150000
NET TAXABLE INCOME -3304 29476
TAX @ 10% -330 2948
SURCHARGE 3% -10 88
TOTAL TAX -340 3036
 INCOME TAX PLANNING INCOME TAX PLANNING
2009-10 Jatinder Pal Singh

BASIC SALARY 1000*12= 12000 144000 BASIC SALARY

H.R.A. 800*12= -9600 43200 H.R.A.
Conv. Conv. 2400 2400 Conv.
TOTAL 189600 TOTAL
EXG. 11000 EXG.
L.W.W 0 L.W.W/Bonus
GROSS- Actul Rent paid-10% of 200600 GROSS-
LESS HRA EXEMPTION Salary or HRA whichever less 19200 LESS HRA EXEMPTION
NET TOTAL 181400 NET TOTAL
SAVING U/S 80 C SAVING U/S 80 C
PF 12 % PF 12 % 17280
LIC PREMIUM LIC PREMIUM 5381 PF 12 %
22661 LIC PREMIUM

NET SALARY 158739

EXEMPTION 160000 NET SALARY
NET TAXABLE INCOME -1261 EXEMPTION
TAX @ 10% -126 NET TAXABLE INCOME
SURCHARGE 3% -4 TAX @ 10%
TOTAL TAX -130 SURCHARGE 3%
TOTAL TAX
AX PLANNING
2010-11

183000
54900
0
237900
13500
6750
258150
0
258150

21960
21868
43828

214322
200000
14322
1432
43
1475

122.9305
INCOME TAX PLANNING
Surinder Pal Sood 2010-11
Conveyance
BASIC SALARY 156000 1600*12= 19200
H.R.A. 46800 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 3600 Special Allowance 300*12 =3600
TOTAL 225600
EXG. 12000
L.W.W 6000 Actul Rent Paid- 5000*12= 60000
GROSS- 243600 Less- 10% of Salary 15600
LESS HRA EXEMPTION 44400 44400
LESS CONV.EXEMPTION 9600
NET TOTAL 189600
SAVING U/S 80 C
PF 12 % 18720 PF 12 %
LIC PREMIUM 3364 LIC PREMIUM
FAMILY MEDICARE POLICY 2896
24980
NET SALARY 164620 (189600-24980) = 164620
LESS- EXEMPTION 160000
NET TAXABLE INCOME 4620
TAX @ 10% 462
SURCHARGE 3% 14
TOTAL TAX 476
INCOME TAX PLANNING
Surinder Pal Sood 2011-12
Conveyance
BASIC SALARY 171600 1600*12= 19200
H.R.A. 51480 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 12000 Special Allowance 1000*12 =12000
TOTAL 254280
EXG. 12964
L.W.W 433 Actul Rent Paid- 5000*12= 60000 Actul Rent paid-10% of
GROSS- 267677 Less- 10% of Salary 17160 Salary or HRA whichever less
LESS HRA EXEMPTION 42840 U/S 10(13A) 42840
LESS CONV.EXEMPTION 9600
NET TOTAL 215237
SAVING U/S 80 C
PF 12 % 20592 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2229 U/S 80C
FAMILY MEDICARE POLICY 2421 U/S 80D
SCHOOL FEE- 1650 U/S 80C
30256
NET SALARY 184981 (214840-30256) = 184584
LESS- EXEMPTION 180000
NET TAXABLE INCOME 4981
TAX @ 10% 498
SURCHARGE 3% 15
TOTAL TAX 513

215237
42840
258077
-42840 U/S10 13A
-2421 U/S 80D
-27835 U/S 80C
184981
42840
INCOME TAX PLANNING
Surinder Pal Sood 2012-13
Conveyance
BASIC SALARY 192600 1600*12= 19200
H.R.A. 57780 800*12= -9600
Conv. 9600 Taxable Conv. 9600
Special Allowance 12000 Special Allowance 1000*12 =12000
TOTAL 271980
EXG. 14300
L.W.W 7150 Actul Rent Paid- 5000*12= 60000 Actul Rent paid-10% of
GROSS- 293430 Less- 10% of Salary 19260 Salary or HRA whichever less
LESS HRA EXEMPTION 40740 40740
NET TOTAL 253740
SAVING U/S 80 C
PF 12 % 23112 PF 12 %
LIC PREMIUM 5830 LIC PREMIUM 6336
2972 LIC PREMIUM 1050
9600 Fee
41514
NET SALARY 212226 (189600-24980) = 164620
LESS- EXEMPTION 200000
NET TAXABLE INCOME 12226
TAX @ 10% 1223
SURCHARGE 3% 37
TOTAL TAX 1259

INCOME TAX PLANNING

Surinder Pal Sood 2012-13
Conveyance
BASIC SALARY 192600 1600*12= 19200
H.R.A. 57780 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 12000 Special Allowance 1000*12 =12000
TOTAL 281580
EXG. 14300
L.W.W 7150 Actul Rent Paid- 5000*12= 60000 Actul Rent paid-10% of
GROSS- 303030 Less- 10% of Salary 19260 Salary or HRA whichever less
LESS HRA EXEMPTION 40740 U/S 10(13A) 40740
LESS CONV.EXEMPTION 9600
NET TOTAL 253740
SAVING U/S 80 C
PF 12 % 23112 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2972 U/S 80C
FAMILY MEDICARE POLICY 2466 U/S 80D
SCHOOL FEE- 9600 U/S 80C
41514
NET SALARY 212226 (253740-41469) = 212271
LESS- EXEMPTION 200000
NET TAXABLE INCOME 12226
TAX @ 10% 1223
SURCHARGE 3% 37
TOTAL TAX 1259
INCOME TAX PLANNING
Jatinder Pal Singh

BASIC SALARY 183000

H.R.A. 54900
Conv. 7290
TOTAL 245190
EXG. 13500
L.W.W/Bonus 900
GROSS- 259590
LESS HRA EXEMPTI 0
NET TOTAL 282528
SAVING U/S 80 C

PF 12 % 21960
LIC PREMIUM 19188
FAMILY MEDICARE PO 2680
SCHOOL FEE- 0
Home Loan Ins. 70000
113828

NET SALARY 168700

EXEMPTION 200000
NET TAXABLE INCO -31300
TAX @ 10% -3130
SURCHARGE 3% -94
TOTAL TAX -3224

-268.6583
INCOME TAX PLANNING
Surinder Pal Sood 2013-14
Conveyance
BASIC SALARY 213600 1600*12= 19200
H.R.A. 64080 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 12000 Special Allowance 1000*12 =12000
FAMILY MEDICARE POLICY 2800 17800-15000=2800
Loan 1875
TOTAL 313555
EXG. 16050
L.W.W 7150 Actul Rent Paid- 5800*12= 69600 Actul Rent paid-10% of
GROSS- 336755 Less- 10% of Salary 21360 Salary or HRA whichever less
LESS HRA EXEMPTION 48240 U/S 10(13A) 48240
LESS CONV.EXEMPTION 9600
NET TOTAL 279965
SAVING U/S 80 C
PF 12 % 25632 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2972 U/S 80C
FAMILY MEDICARE POLICY 3820 U/S 80D
SCHOOL FEE- 10800 U/S 80C
46588
NET SALARY 233377 (277140-44034) = 233106
LESS- EXEMPTION 200000
NET TAXABLE INCOME 33377
TAX @ 10% 3338 1338
SURCHARGE 3% 100 40
TOTAL TAX 3438 1378
213600
15840
9600
12000

16050

25000
22000
19000
16000
13000
10000
7000
112000 20384 1698.667
INCOME TAX PLANNING
Surinder Pal Sood 2014-15
Conveyance
BASIC SALARY 237600 1600*12= 19200
H.R.A. 71280 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 12000 Special Allowance 1000*12 =12000
FAMILY MEDICARE POLICY 4800 19800-15000=4800
Loan 0
TOTAL 344880
EXG. 17800
L.W.W 9150 Actul Rent Paid- 5800*12= 69600 Actul Rent paid-10% of
GROSS- 371830 Less- 10% of Salary 23760 Salary or HRA whichever less
LESS HRA EXEMPTION 45840 U/S 10(13A) 45840
LESS CONV.EXEMPTION 9600
NET TOTAL 317440
SAVING U/S 80 C
PF 12 % 28512 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2972 U/S 80C
FAMILY MEDICARE POLICY 1749 U/S 80D
SCHOOL FEE- 13200 U/S 80C
49797
NET SALARY 267643 (277140-44034) = 233106
LESS- EXEMPTION 250000
NET TAXABLE INCOME 17643
TAX @ 10% 1764 -236
SURCHARGE 3% 53 -7
TOTAL TAX 1817 -243
 INCOME TAX PLANNING
Surinder Pal Sood

213600 BASIC SALARY 237600

15840 H.R.A. 71280
9600 Conv. 19200
12000 Special Allowance 12000
FAMILY MEDICARE POLICY 4800

6675 TOTAL 344880

16050 2475 EXG. 17800
9150 L.W.W 6527
GROSS- 369207
LESS HRA EXEMPTION 45840
25000 LESS CONV.EXEMPTION 9600
22000 NET TOTAL 314817
19000 SAVING U/S 80 C
16000 PF 12 % 28512
13000 LIC PREMIUM 3364
10000 LIC PREMIUM 2972
7000 FAMILY MEDICARE POLICY 1749
112000 20384 1698.67 SCHOOL FEE- 13200
49797
NET SALARY 265020
LESS- EXEMPTION 250000
NET TAXABLE INCOME 15020
TAX @ 10% 1502
SURCHARGE 3% 45
TOTAL TAX 1547
Conveyance
1600*12= 19200 0
800*12= -9600 0
Taxable Conv. 9600 0
Special Allowance 1000*12 =12000 0
19800-15000=4800 0
0
0
0
Actul Rent Paid- 5800*12= 69600 Actul Rent paid-10% of 2623
Less- 10% of Salary 23760 Salary or HRA whichever less 2623
U/S 10(13A) 45840 0
0
2623

U/S 80C 0
U/S 80C 0
U/S 80C 0
U/S 80D 0
U/S 80C 0
0
(277140-44034) = 233106 2623

-498
-15
-513
INCOME TAX PLANNING
Surinder Pal Sood 2015-16
Conveyance
BASIC SALARY 261600 1600*12= 19200
H.R.A. 78480 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 18000 Special Allowance 1500*12 =12000
FAMILY MEDICARE POLICY 6800 21800-15000=6800
Loan 0
TOTAL 384080
EXG. 19800
L.W.W 9900 Actul Rent Paid- 6500*12= 78000 Actul Rent paid-10% of
GROSS- 413780 Less- 10% of Salary 26160 Salary or HRA whichever less
LESS HRA EXEMPTION 51840 U/S 10(13A) 51840
LESS CONV.EXEMPTION 19200
NET TOTAL 342740
SAVING U/S 80 C
PF 12 % 31392 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2972 U/S 80C
FAMILY MEDICARE POLICY 1783 U/S 80D
SCHOOL FEE- 13400 U/S 80C
52911
NET SALARY 289829
LESS- EXEMPTION 250000
NET TAXABLE INCOME 39829
TAX @ 10% 3983 1983
SURCHARGE 3% 119 59
TOTAL TAX 4102 2042

Rent Paid- 78000

LIC 6336
FAMILY MEDICARE POLICY 1783
SCHOOL FEE- 13400
INCOME TAX PLANNING
Shray 2014-15
Conveyance
BASIC SALARY 219600 1600*12= 19200
H.R.A. 65880 800*12= -9600
Conv. 8400 Taxable Conv. 9600
Special Allowance 9600 Special Allowance 1000*12 =12000
FAMILY MEDICARE POLICY 3300 18300-15000=3300
Loan 0
TOTAL 306780
EXG. 16000
L.W.W 8000 Actul Rent Paid- 6500*12= 78000 Actul Rent paid-10% of
GROSS- 330780 Less- 10% of Salary 26160 Salary or HRA whichever less
LESS HRA EXEMPTION 21960 U/S 10(13A) 51840
LESS CONV.EXEMPTION 8400
NET TOTAL 301470
SAVING U/S 80 C
PF 12 % 26352 U/S 80C
LIC PREMIUM U/S 80C
LIC PREMIUM 0 U/S 80C
FAMILY MEDICARE POLICY 0 U/S 80D
SCHOOL FEE- 0 U/S 80C
26352
NET SALARY 275118 (277140-44034) = 233106
LESS- EXEMPTION 250000
NET TAXABLE INCOME 25118
TAX @ 10% 2512 512 (2975-2000)
SURCHARGE 3% 75 15
TOTAL TAX 2587 527
2060

Rent Paid- 78000

LIC 6336
FAMILY MEDICARE POLICY 1749
SCHOOL FEE- 13200
213600
15840
9600
12000

6675
16050 2475
9150

25000
22000
19000
16000
13000
10000
7000
112000 20384 1698.67
INCOME TAX PLANNING
Surinder Pal Sood 2016-17
Conveyance
BASIC SALARY 285600 1600*12= 19200
H.R.A. 85680 800*12= -9600
Conv. 19200 Taxable Conv. 9600
Special Allowance 24000
MEDICAL 8800 23800-15000=8800
Loan 0
TOTAL 423280
EXG. 21800
L.W.W 10900 Actul Rent Paid- 6800*12= 81600 Actul Rent paid-10% of
GROSS- 455980 Less- 10% of Salary 28560 Salary or HRA whichever less
LESS HRA EXEMPTION 53040 U/S 10(13A) 53040
LESS CONV.EXEMPTION 19200
NET TOTAL 383740
SAVING U/S 80C & 80D
PF 12 % 34272 U/S 80C
LIC PREMIUM 3364 U/S 80C
LIC PREMIUM 2972 U/S 80C
FAMILY MEDICARE POLICY 1791 U/S 80D
90000
SCHOOL FEE- 18070 U/S 80C
150469
NET SALARY 233271
LESS- EXEMPTION 250000
NET TAXABLE INCOME -16729
TAX @ 10% -1673 (7327-5000)= 2327
SURCHARGE 3% -50 70
TOTAL TAX -1723 2397

Admission Fee. 2950

Tution Fee 15120
Van Chgs. 4800
22870
BASIC SALARY 23800
H.R.A. 7140
Conv. 1600
Special Allowance 2000
MEDICAL 1983
36523

EXG. 1983
L.W.W 992
PF 2856
5831
42354