Pay Items Total 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22

BASIC 1,200,000 100,000 100,000 100,000 100,000

HRA 480,000 40,000 40,000 40,000 40,000
SPECIAL ALLOWANCE -5,997 1,000 1,000 1,000 1,000
LTA ALLOWANCE 21,600 1,800 1,800 1,800 1,800
Total 1,695,603 142,800 142,800 142,800 142,800

Pay Items Total 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22

VARIABLE PAY 370,743 - 62,820 62,820 -
Total 370,743 - 62,820 62,820 -

B) Deduction
Pay Items Total 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22
PF 144,000 12,000 12,000 12,000 12,000
INCOME TAX 57,141 6,097 16,958 16,959 3,891
TDS RAW TAX 53,159
TDS CESS -
Total 254,300 18,097 28,958 28,959 15,891

C) Perquisites
Pay Items Total 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22
VEHICLE PERQUISITE 0
Total - - - - -

Gross Salary 2,066,346

E) Less exemption under Section 10

Item
House Rent Allowance : Section 10(13A) 468,000 39,000 39,000 39,000 39,000
Total Rent Paid p.a 588,000 49,000 49,000 49,000 49,000
HRA Recieved 480,000 40,000 40,000 40,000 40,000
50 % of Basic 600,000 50,000 50,000 50,000 50,000
Rent Paid > 10% Basic 468,000 39,000 39,000 39,000 39,000
Leave Travel Assistance : Sec. 10(5) 21,600
EDUCATION EXEMPT
GRATUITY EXEMPT
LEAVE EXEMPT
Total Exemptions 489,600

Fixed Monthly salary 2633940

Fixed Monthly salary (After increment) 200,000 200,000 200,000 200,000

Particulars Total 30-Apr-21 31-May-21 30-Jun-21 31-Jul-21

Basic Salary 1,200,000 100,000 100,000 100,000 100,000
HRA 480,000 40,000 40,000 40,000 40,000
Car Lease 324,000 17,000 17,000 17,000 17,000
LTA 21,600 1,800 1,800 1,800 1,800
LTA Arrears -
Fuel 300,000 35,000 35,000 35,000 35,000
Fuel - Arrears -
Vehicle repair - - - - -
Vehicle repair Arrears -
Driver Sal - - - - -
Driver Sal - Arrears -
Edu All - - - - -
Mel Voucher 26,400 2,200 2,200 2,200 2,200
Telephone 36,000 3,000 3,000 3,000 3,000
Flexi 12,000 1,000 1,000 1,000 1,000
PF - - - - -
Total 2,400,000 200,000 200,000 200,000 200,000

HRA 588,000 49,000 49,000 49,000 49,000

HRA Arrears -

In Hand Salary 179,000 179,000 179,000 179,000

Tax deduction
PF Deduction

Net Payable
Increment % 0%

31-Aug-22 30-Sep-22 31-Oct-22 30-Nov-22 31-Dec-22 31-Jan-23 28-Feb-23 31-Mar-23

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
1,000 1,000 1,000 1,000 -13,997 - - -
1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800
142,800 142,800 142,800 142,800 127,803 141,800 141,800 141,800

31-Aug-22 30-Sep-22 31-Oct-22 30-Nov-22 31-Dec-22 31-Jan-23 28-Feb-23 31-Mar-23

245,103 - - - - - -
245,103 - - - - - - -

31-Aug-22 30-Sep-22 31-Oct-22 30-Nov-22 31-Dec-22 31-Jan-23 28-Feb-23 31-Mar-23

12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
3,309 3,309 3,309 3,309 -
53159

68,468 15,309 15,309 15,309 12,000 12,000 12,000 12,000

31-Aug-22 30-Sep-22 31-Oct-22 30-Nov-22 31-Dec-22 31-Jan-23 28-Feb-23 31-Mar-23

0
- - - - - - - -

39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000

49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
39,000 39,000 39,000 39,000 39,000 39,000 39,000 39,000

200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000

31-Aug-21 30-Sep-21 31-Oct-21 30-Nov-21 31-Dec-21 31-Jan-22 28-Feb-22 31-Mar-22

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
32,000 32,000 32,000 32,000 32,000 32,000 32,000 32,000
1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

 - - - - - - - -

- - - - - - - -

- - - - - - - -
2,200 2,200 2,200 2,200 2,200 2,200 2,200 2,200
3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - - -
200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000

49,000 49,000 49,000 49,000 49,000 49,000 49,000 49,000

-

164,000 164,000 164,000 164,000 456,777 163,000 163,000 163,000

9,676 9,676 9,676 9,676
12,000 12,000 12,000 12,000

435,101 141,324 141,324 141,324

 Income Tax Calculator FY 2020-21 (AY 2021-22)
Head Description

Gross Income Salary and Other Income

Exemptions u/s 10 A HRA , Convenyance etc

Professional Tax Professional Tax

Net Income under Salaries Gross Income - Exemptions

Standard Deduction Salaried Individual & Pensionar (Up to 50000 Rs.)

Deductions u/s 80 C Investments in PF, PPF, Ins, ELSS, NPS etc

Deductions u/s 80 CCD Investments in NPS (Maximum limit 50,000)

Deductions u/s 80 D Medical Insurance Premium (Self, Parents)

Deductions u/s 80 G Eligible Donations

Deductions u/s 80 E Interest Paid on Education Loan

Deductions u/s 80 TTA Interest Received on Fixed Deposit/Post Office FD

Tax Benefit u/s 24 Interest Paid On Home Loan

Total Deductions/Benefits

Taxable Income

Tax Slab Slab Income

Income Tax Payee Type Male, Female, Sr. Citizen>60, Very Sr. Citizen>80

250,000 250,000

500,000 250,000

1,000,000 500,000

10,00,000+ 102,576

Tax on Total Income

# Sensitivity : This Document is Classified as "LNT Internal Use".

 Surcharge 10% on Tax if Income > Rs 50 lakhs <Rs 1 Crore

Surcharge 15% on Tax if Income > Rs 1 Crore

Tax with Surcharge

Tax Credit Upto Rs. 12500 if Taxable Income < Rs. 5 lakhs
Tax with Surcharge less Rebate,
if any
Education Cess

Tax Liability with Cess

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usa
to non commercial use only.

Disclaimer: All care has been taken to keep the information upto date and correct and it is for educational purpose
requested to consult your Tax Advisor before taking any decesion based on this calculator.

In case of any queries or doubts please mail at - info@moneyexcel.com

# Sensitivity : This Document is Classified as "LNT Internal Use".

AY 2021-22)
Amount in Rs.

2,066,346

505,053

1,561,293

50,000

150,000

25,000

40,000

- 152592

193,717

458,717

1,102,576

Tax Rate Tax Amount

Male

0% -

5% 12,500

20% 100,000

30% 30,773

Output 143,273

# Sensitivity : This Document is Classified as "LNT Internal Use".

 10% -

15% -

Output 143,273

Output -

Output 143,273

4% 5,731 1.20%

Output 149,004 Click here to choose the Best Tax Saving

Options
110,300
9,676 11703.034016
ends and family. The usage is restricted (149,003.71)

(21,286.24)
for educational purpose only. You are

excel.com

# Sensitivity : This Document is Classified as "LNT Internal Use".

 Income Tax Calculator FY 2020-21 (AY 2021-22)
Head Description

Net Income under Salaries Salary and Other Income

Taxable Income

Tax Slab Slab Income

Male, Female, Sr. Citizen>60, Very Sr. Citizen>80
Income Tax Payee Type
- No Diffrence in Tax Slab
250,000 250,000

500,000 250,000

750,000 250,000

1,000,000 150,000

1,250,000 -

1,500,000 -

15,00,000+ -

Tax on Total Income

Surcharge 10% on Tax if Income > Rs 50 lakhs <Rs 1 Crore

Surcharge 15% on Tax if Income > Rs 1 Crore

Tax with Surcharge

Tax Credit Upto Rs. 12500 if Taxable Income < Rs. 5 lakhs
Tax with Surcharge less Rebate,
if any
Education Cess

Tax Liability with Cess

Terms of Usage: I encourage you to share this Income Tax Calculator for benefit of your friends and family. The usa
to non commercial use only.

# Sensitivity : This Document is Classified as "LNT Internal Use".

 Disclaimer: All care has been taken to keep the information upto date and correct and it is for educational purpose
requested to consult your Tax Advisor before taking any decesion based on this calculator.

In case of any queries or doubts please mail at - info@moneyexcel.com

# Sensitivity : This Document is Classified as "LNT Internal Use".

AY 2021-22)
Amount in Rs.
Fill up only the Grey Cells
900,000

900,000

Tax Rate Tax Amount

Male

0% -

5% 12,500

10% 25,000

15% 22,500

20% -

25% -

30% -

Output 60,000

10% -

15% -

Output 60,000

Output -

Output 60,000

4% 2,400

Output 62,400 Click here to choose the Best Tax Saving

Options

ends and family. The usage is restricted

# Sensitivity : This Document is Classified as "LNT Internal Use".

for educational purpose only. You are

excel.com

# Sensitivity : This Document is Classified as "LNT Internal Use".