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Income Tax Calculator For India

This document contains salary details for Parmanand Meghwal, Principal of GOVT. Senior Secondary School, Gordhanpura Baran. It lists monthly salary components like basic pay, dearness allowance, HRA, and deductions like income tax from March 2022 to February 2023. The net monthly cash payment ranges from Rs. 71,561 to Rs. 77,654. It also shows arrears owed for dearness allowance increases.
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0% found this document useful (0 votes)
97 views4 pages

Income Tax Calculator For India

This document contains salary details for Parmanand Meghwal, Principal of GOVT. Senior Secondary School, Gordhanpura Baran. It lists monthly salary components like basic pay, dearness allowance, HRA, and deductions like income tax from March 2022 to February 2023. The net monthly cash payment ranges from Rs. 71,561 to Rs. 77,654. It also shows arrears owed for dearness allowance increases.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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GOVT.

SENIOR SECONDARY SCHOOL, GORDHANPURA BARAN


Designation Principal PAN NO. Bank A/C Number
Name Parmanand Meghwal
RAJTEACHERS.NET TAN NO. Mobile Number
RECEIPTS DEDUCTIONS

Net Cash Payment


Other Allowance 2

Income Tax / TDS

Other Deduction
Group Insurance
Handicap Allow
Washing Allow.
Bill No. & T.V.

HBA Premium
Dearness Pay

Gross Salary
No.

HBA Interest
Month

Leave Pay

Accidental

Deduction
Basic Pay

Spl. Pay

C.C.A.

Total
HRA
D.A.

NPS

PPF
GIS

LIC
Mar-22 60400 0 0 0 18724 5436 0 0 0 0 84560 7912 87 0 0 0 5000 12999.00 71561.00
Apr-22 60400 0 0 0 18724 5436 0 0 0 0 84560 7912 87 0 0 0 0 5000 0 12999.00 71561.00
May-22 60400 0 0 0 18724 5436 0 0 0 0 84560 7912 87 0 0 0 0 0 5000 0 12999.00 71561.00
Jun-22 60400 0 0 0 18724 5436 0 0 0 0 84560 7912 87 0 0 0 0 0 5000 0 12999.00 71561.00
Jul-22 62200 0 0 0 21148 5436 0 0 0 0 88784 8335 87 0 0 0 0 0 5000 0 13422.00 75362.00
Aug-22 62200 0 0 0 21148 5436 0 0 0 0 88784 8335 87 0 0 0 0 0 5000 0 13422.00 75362.00
Sep-22 62200 0 0 0 21148 5436 0 0 0 0 88784 8335 87 0 0 0 0 0 5000 0 13422.00 75362.00
Oct-22 62200 0 0 0 21148 5436 0 0 0 0 88784 8335 87 0 0 0 0 0 5000 0 13422.00 75362.00
Nov-22 64100 0 0 0 21794 5436 0 0 0 0 91330 8589 87 0 0 0 0 0 5000 0 13676.00 77654.00
Dec-22 64100 0 0 0 21794 5436 0 0 0 0 91330 8589 87 0 0 0 0 0 5000 13676.00 77654.00
Jan-23 64100 0 0 0 21794 5436 0 0 0 0 91330 8589 87 0 0 0 0 0 5000 13676.00 77654.00
Feb-23 64100 0 0 0 21794 5436 0 0 0 0 91330 8589 87 0 0 0 0 0 5000 13676.00 77654.00
DA Arrear 34% 5436 5436 544 0 544.00 4892.00
DA Arrear 38% 7464 7464 746 0 746.00 6718.00
Bonus 0 0.00 0.00
Fixation Arrear 0 0.00 0.00
Salary Arrear 1 0 0.00 0.00
Salary Arrear 2 0 0.00 0.00
Salary Arrear 3 0 0.00 0.00
Other 0 0 0 0.00 0.00

161678.00

909918.00
1071596
746800

259564

100634
65232

60000
TOTAL

1044

0.00
0

0
Signature of Employee Signature of DDO

WWW.RAJTEACHERS.NET
Details of Deductions, Income/Deposits and Exemptions Other Than Salary
#NAME?
1. House Rent 45000.00 17. 80TTA/80TTB Maximum Interest on Savings Account 0.00 BASIC+D.A.
2. Entertainment Allowance 0.00 18. Income Of Other Source (Bank FD, Interest etc) 0.00 1006364
3. Expenditure tax under section 16(III) 0.00 19. 80C - Other Deductions In Under Section 0.00 Taxable Amt
4. Income from House Property 0.00 20. (80CCC) Contribution to Pension Plan - Other Than NPS 0.00 975550
5. House Tax 0.00 21. 80CCD(1B) Additional Contribution in NPS - (Max. 50000) 0.00 Tax Deposited
6. Home Loan Principal Amount 0.00 22. 80D Medical Insurance Premium 0.00 60000.00
7. Interest of House Loan 0.00 23. 80DD Medical treatment of dependents with disabilities 0.00
Rebate Under Section
8. LIC - Life Insurance (Other Than Salary) 0.00 24. 80DDB Deduction for treatment of specific diseases 0.00 80C, 80CCC, 80CCD(1)
9. PLI 0.00 25. 80E Interest on loan taken for higher education 0.00
10. Tution Fees 0.00 26. 80G Donations given to charitable institutions etc. 0.00 1044
11. ULIP / Annual Plan 0.00 27. 80U In case of permanent physical disability 0.00
12. NSC - National Savings Certificate 0.00 28. 80GGA Donations given for approved scientific, social, rural development etc. 0.00 Receipt Required for
13. Interest of NSC 0.00 29. Equity Linked Savings Scheme 0.00 House Rent
14. PPF -Public Provident Fund 0.00 30. Defferred Annuty 0.00 Exemption
15. NSS -National Savings Scheme 0.00 31. Relief under section 89 0.00
145636.40
16. Sukanya Samriddhi Yojana 0.00 32. TDS - Income tax deposited in addition to salary bill 0.00
Income Tax Payable 49314.00 HRA 65232.00
Total Rebate of (US 80C, 80CCC,80CCD(1)) = 1044 Investable Amount = 148956 GSS Ganeshgan

DOWNLOD TAX SOFTWARE - RAJTEACHERS.NET


CREATED BY : PARMANAND MEGHWAL SENIOR TEACHER (9784379510) , BARAN RAJASTHAN.
GOVT. SENIOR SECONDARY SCHOOL, GORDHANPURA BARAN
Income Tax Computation Year 2022-2023 (Assessment Year 2023-2024)
1 Name Parmanand Meghwal Designation Principal PAN : 0
2 Total Income from Salary Rs 1172230.00
3 House Rent, Under Section 10(13-A) and other Allowances Under Section 10(14) which are Exempt from tax. Rs 45000.00
4 'ks"k ¼2&3½ Rs 1127230.00
5 (i) Entertainment Allowance 16(II) (Maximum limit Rs.5000) 0.00
(ii) Expenditure tax under section 16(III) 0.00
(iii) Standard Deduction (Maximum limit Rs.50000) 50000.00 Rs 50000.00
6 Remanent (4-5) Rs 1077230.00
7 (A) Income from House Property: (1) In Own Use - Nil (2) Rent Received is Rs. 0.00
Interest of House Loan
Rent of 30% House Tax Total
(B) Subtract
0.00 0.00 0.00 0.00
Remainder -/+ (sum of 7(A) and 7(B) Rs 0.00
8 Total Balance -/+ (6 & 7) Rs 1077230.00
9 Other Income Rs 0.00
10 Gross Income (8+9) Rs 1077230.00
11 Deduct Deduction Under Section US - 80C, 80CCC,80CCD (1)
(A) - Maximum limit 1,50,000 & Under Section (80CCE) Except
1 NPS (New Pension Scheme) Rs 0.00 10 Contribution to Pension Plan (80CCC) Rs 0.00
2 LIC - Life Insurance Rs 0.00 11 Interest paid on National Savings Rs 0.00
Certificate
3 NSC - National Savings Certificate Rs 0.00 12 Tution Fees Rs 0.00
4 PPF -Public Provident Fund Rs 0.00 13 Equity Linked Savings Scheme Rs 0.00
5 NSS -National Savings Scheme Rs 0.00 14 Defferred Annuty Rs 0.00
6 GPF -Public provident fund Rs 0.00 15 PLI Rs 0.00
7 Group Insurance Rs 1044.00 16 Other Deductions - (80C) Rs 0.00
8 ULIP / Annual Plan Rs 0.00 17 Sukanya Samriddhi Yojana Rs 0.00
9 HBA Premium -Home Loan Rs 0.00 18 Rs
Principal Amount
Total (1 To 18) Rs 1044.00
Maximum Deduction Amount Up to Rs 1.50 lakh Rs 1044.00
(B) Less - Section 80CCD(2) The Amount of Pension Contribution by the Employer (10% of the Maximum Salary) Separately exempted Rs 100634.00
(C) Less - Section 80CCD (1B) Additional Contribution to New Pension Scheme (Maximum Rs.50,000) Rs 0.00
Total (A+B+C) 101678.00
12 Other Deductions
1. Section 80D Medical Insurance Premium (Rs. 25000 for Self, Spouse and Children, Rs. 25000 for Parents, Rs. 50000 for Senior Citizen) Rs
0.00
2. Section 80DD Medical Treatment of dependents with Disabilities (maximum 75,000 and 80% or more disability 125,000) Rs 0.00
3. Section 80DDB Deduction for Treatment of Specific Diseases (Maximum Rs.40,000, Rs.100,000 for Senior Citizen) Rs 0.00
4. Section 80E Interest on Loan taken for Higher Education Rs 0.00
5. Section 80G Donations given to Charitable Institutions etc. (100 percent in A category and 50 percent in B category) Rs 0.00
6. Section 80U In case of Permanent Physical Disability (maximum 75,000 and 125,000 as per the 1995 Act) Rs 0.00
7. Section 80TTA Maximum Interest on Savings Account is Rs. 10,000 194(IA) 80 TTB Senior Citizen (Maximum Interest Rs.50000) Rs 0.00
8. Section 80GGA Donations given for Approved Scientific, Social, Rural Development etc. Rs 0.00
Grand Total (1 to 8) Rs 0.00
13 Total Deductions ( 11 + 12) Rs 101678.00
14 Taxable Income (10-13) Rs 975552.00
15 Rounding off the Amount of total Income (in Multiples of Ten) Section 288A Rs 975550.00
16 Calculation of income tax on the basis of column 15 above
One Person Tax Payer Senior Citizen (60 to 80 years) 80 years of age or Older
Up to 2,50,000 Nil Up to 3,00,000 Nil Rs 0.00
2,50,001-5,00,000 5% 3,00,001-5,00,000 5% Up to 5,00,000 Nil Rs 10000.00
5,00,001-10,00,000 20% 5,00,001-10,00,000 20% 5,00,001-10,00,000 20% Rs 95110.00
More Than 10,00,000 30% More Than 10,00,000 30% More Than 10,00,000 30% Rs 0.00
(1) Total Incometax Rs 105110.00
(2) Exemption section 87(I) (exemption of income tax on taxable income of Rs.2.50 lakh to Rs.5.00 lakh subject to Rs 0.00
(3) Balance Income Tax Rs 105110.00
(4) Education cess 2% and surcharge for higher education 2% (Total 4%) Rs 4204.00
Total Incometax (3+4) Rs 109314.00
17 Subtract:- Relief under section 89 Rs 0.00
18 Total Balance Income Tax Rs 109314.00
19 Up to
Up to December Up to February
Details of Income Tax Up to September 2022 2022 January 2023 T.D.S Total Tax Deduction
Deductions 2023
35000 15000 5000 5000 0 60000.00
Income Tax Payable Rs 49314.00

Signature of Employee Signature of DDO


GOVT. SENIOR SECONDARY SCHOOL, GORDHANPURA BARAN
Income Tax Computation Year 2022-2023 (Assessment Year 2023-2024)
1 Name Parmanand Meghwal Designation Principal PAN : 0
2 Total Income from Salary Rs 1172230.00
3 House Rent, Under Section 10(13-A) and other Allowances Under Section 10(14) which are Exempt from tax. Rs 0.00
4 'ks"k ¼2&3½ Rs 1172230.00
5 (i) Entertainment Allowance 16(II) (Maximum limit Rs.5000) 0.00
(ii) Expenditure tax under section 16(III) 0.00
(iii) Standard Deduction (Maximum limit Rs.50000) 0.00 Rs 0.00
6 Remanent (4-5) Rs 1172230.00
7 (A) Income from House Property: (1) In Own Use - Nil (2) Rent Received is Rs. 0.00
Interest of House Loan
Rent of 30% House Tax Total
(B) Subtract
0.00 0.00 0.00 0.00
Remainder -/+ (sum of 7(A) and 7(B) Rs 0.00
8 Total Balance -/+ (6 & 7) Rs 1172230.00
9 Other Income Rs 0.00
10 Gross Income (8+9) Rs 1172230.00
11 Deduct Deduction Under Section US - 80C, 80CCC,80CCD (1)
(A) - Maximum limit 1,50,000 & Under Section (80CCE) Except
1 NPS (New Pension Scheme) Rs 0.00 10 Contribution to Pension Plan (80CCC) Rs 0.00
2 LIC - Life Insurance Rs 0.00 11 Interest paid on National Savings Rs 0.00
Certificate
3 NSC - National Savings Certificate Rs 0.00 12 Tution Fees Rs 0.00
4 PPF -Public Provident Fund Rs 0.00 13 Equity Linked Savings Scheme Rs 0.00
5 NSS -National Savings Scheme Rs 0.00 14 Defferred Annuty Rs 0.00
6 GPF -Public provident fund Rs 0.00 15 PLI Rs 0.00
7 Group Insurance Rs 1044.00 16 Other Deductions - (80C) Rs 0.00
8 ULIP / Annual Plan Rs 0.00 17 Sukanya Samriddhi Yojana Rs 0.00
9 HBA Premium -Home Loan Rs 0.00 18 Rs
Principal Amount
Total (1 To 18) Rs 1044.00
Maximum Deduction Amount Up to Rs 1.50 lakh Rs 0.00
(B) Less - Section 80CCD(2) The Amount of Pension Contribution by the Employer (10% of the Maximum Salary) Separately exempted Rs 100634.00
(C) Less - Section 80CCD (1B) Additional Contribution to New Pension Scheme (Maximum Rs.50,000) Rs 0.00
Total (A+B+C) 100634.00
12 Other Deductions
1. Section 80D Medical Insurance Premium (Rs. 25000 for Self, Spouse and Children, Rs. 25000 for Parents, Rs. 50000 for Senior Citizen) Rs
0.00
2. Section 80DD Medical Treatment of dependents with Disabilities (maximum 75,000 and 80% or more disability 125,000) Rs 0.00
3. Section 80DDB Deduction for Treatment of Specific Diseases (Maximum Rs.40,000, Rs.100,000 for Senior Citizen) Rs 0.00
4. Section 80E Interest on Loan taken for Higher Education Rs 0.00
5. Section 80G Donations given to Charitable Institutions etc. (100 percent in A category and 50 percent in B category) Rs 0.00
6. Section 80U In case of Permanent Physical Disability (maximum 75,000 and 125,000 as per the 1995 Act) Rs 0.00
7. Section 80TTA Maximum Interest on Savings Account is Rs. 10,000 194(IA) 80 TTB Senior Citizen (Maximum Interest Rs.50000) Rs 0.00
8. Section 80GGA Donations given for Approved Scientific, Social, Rural Development etc. Rs 0.00
Grand Total (1 to 8) Rs 0.00
13 Total Deductions ( 11 + 12) Rs 100634.00
14 Taxable Income (10-13) Rs 1071596.00
15 Rounding off the Amount of total Income (in Multiples of Ten) Section 288A Rs 1071600.00
16 Calculation of income tax on the basis of column 15 above
One Person Tax Payer Senior Citizen (60 to 80 years) 80 years of age or Older
Up to 2,50,000 Nil Up to 3,00,000 Nil Rs 0.00
2,50,001-5,00,000 5% 3,00,001-5,00,000 5% Up to 5,00,000 Nil Rs 10000.00
5,00,001-10,00,000 20% 5,00,001-10,00,000 20% 5,00,001-10,00,000 20% Rs 100000.00
More Than 10,00,000 30% More Than 10,00,000 30% More Than 10,00,000 30% Rs 21480.00
(1) Total Incometax Rs 131480.00
(2) Exemption section 87(I) (exemption of income tax on taxable income of Rs.2.50 lakh to Rs.5.00 lakh subject to Rs 0.00
(3) Balance Income Tax Rs 131480.00
(4) Education cess 2% and surcharge for higher education 2% (Total 4%) Rs 5259.00
Total Incometax (3+4) Rs 136739.00
17 Subtract:- Relief under section 89 Rs 0.00
18 Total Balance Income Tax Rs 136739.00
19 Up to
Up to December Up to February
Details of Income Tax Up to September 2022 2022 January 2023 T.D.S Total Tax Deduction
Deductions 2023
35000 15000 5000 5000 0 60000.00
Income Tax Payable Rs 76739.00

Signature of Employee Signature of DDO

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