CARE Analytics and Advisory Private Limited TAX FORECASTING FOR MAY 2024

TAX REGIME OPTED:OLD DOB:28/12/1997 GROUP DOJ:20/05/2019

EMPLOYEE:(0175) HEMANT BUWADE BRANCH:SION GENDER:M PAN:DXYPB9637L DOJ:20/05/2019
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———————Actual———————|—————————————————————————————————————————————Projected——————————————————————————————————————————————
PARTICULARS APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH TOTAL
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BASIC 27393 15669 21531 21531 21531 21531 21531 21531 21531 21531 21531 21531 258372
HRA 13697 7833 10765 10765 10765 10765 10765 10765 10765 10765 10765 10765 129180
LTA 2283 1305 1794 1794 1794 1794 1794 1794 1794 1794 1794 1794 21528
CONVEYANCE ALLO 1600 1600 1600 1600 1600 1600 1600 1600 1600 1600 1600 1600 19200
PERSONAL ALLOWA 12614 42324 27469 27469 27469 27469 27469 27469 27469 27469 27469 27469 329628
INCENTIVE 0 100000 0 0 0 0 0 0 0 0 0 0 100000
BONUS 0 21510 0 0 0 0 0 0 0 0 0 0 21510
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TOTAL EARNING 57587 190241 63159 63159 63159 63159 63159 63159 63159 63159 63159 63159 879418
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P.F. 3287 1881 2584 2584 2584 2584 2584 2584 2584 2584 2584 2584 31008
INCOME TAX DEDU 0 8496 647 647 647 647 647 647 647 647 647 647 14966
PROFESSION TAX 200 200 200 200 200 200 200 200 200 200 300 200 2500
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TOTAL DEDUCTION 3487 10577 3431 3431 3431 3431 3431 3431 3431 3431 3531 3431 48474
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NET 54100 179664 59728 59728 59728 59728 59728 59728 59728 59728 59628 59728 830944
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TAX CALCULATIONS NEW REGIME OLD REGIME|EXEMPTION U/S10/OTHERS.......................|CALCULATION OF HRA REBATE......................
————————————————— —————————— —————————|HRA REBATE 106164 | RENT FROM TO
TOTAL EARNING 879418 879418| | 11000 01/04/2024 31/03/2025 — HRA
ADD : PERKS & OTHERS 0 0|HOUSING LOAN INTEREST........................|
TOTAL GROSS 879418 879418|Housing Loan Interest 61313 |A. HOUSE RENT ALLOWANCE 129180
| |B. TOTAL RENT 132000
LESS: EXEMPTION U/S10/OTHERS 0 106164|INVESTMENTS U/S 80C..........................| LESS 10% OF BASIC SALARY (25836) 106164
LESS: PROFESSION TAX 0 2500|PF—DED 31008 |C. 50% OF BASIC SALARY 129192
LESS: STANDARD DEDUCTION 50000 50000|Housing Loan Principle 1440000 | HRA REBATE (LEAST OF A,B,C) 106164
NET SALARY 829418 720754|Life Insurance Premium 60000 |
|TOTAL (Restricted to 150000) 1531008 |
LESS: HOUSING LOAN INTEREST 0 61313| |TAX CALCULATION ON TAXABLE INCOME.....RS.509441
LESS: INVEST. U/S 80C 0 150000| | 0— 250000: 250000 x 0% = 0.00
LESS: INVESTMENTS U/S 80(OTH) 0 0| | 250000— 500000: 250000 x 5% = 12500.00
| | 500000— 509441: 9441 x 20% = 1888.20
TAXABLE INCOME 829418 509441| |TOTAL (Rounded) = 14389.00
| |EDUCATION CESS @ 4% on 14389 = 576.00
TOTAL TAX 39460 14965| |TOTAL TAX = 14965.00
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TAX APPLIED AS PER OLD REGIME 14965 | |
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LESS: TAX DEDUCTED AT SOURCE 8496 | |
| |
BALANCE TAX PAYABLE 6469 | |
BALANCE NUMBER OF MONTHS 10 | |
MONTHLY TAX 647 | |