Financial Year ANNEXURE - II Assessment Year

2021-2022 INCOME TAX CALCULATION AS PER OPT IN OLD REGIME(OLD TAX SLAB) 2022-2023
Name of the employee Design Treasury id Employee PAN No TAN NO Office Mdl
GATTUMEEDI VITTAL SGT 1837893 BHMPG7862A HYDZ MPPS BEERAMGUDA AMEENPUR
1.Gross Salary (including CPS Employer Contribution-80CCD-2- Rs.64308+ Gross salary-825914= Rs.890222) 8,90,222
2. Less: Allowance to the extent exempt U/s 10
(a) House rent allowance under section 10(13A) (Whether living in---Rented House 31,696
i) Actual HRA received 1,40,511
ii) Actual House Rent paid minus 10% of Salary (Rent: @ 8000/-PM ) 31,696
iii) 40% of Salary 2,57,217
(b)Exemption from Conveyance Allowance U/s. 10(14) (i) 38,400
(c) Amount of any other exemption under section 10 -
Total amount of exemption claimed under section 10 -70,096 -70,096
3.Less: Deductions under section 16
(a) Standard deduction under section 16(ia) 50,000
(b) Entertainment allowance under section 16(ii) -
(c) Tax on employment under section 16(iii) -
Total amount of deductions under section 16 [3(a)+3(b)+3(c)] -50,000 -50,000
4. Income chargeable under the head "Salaries" [(1-(2+3)] 7,70,126
5.House property
i). Add:Income from house property/Rent Received -
ii) loss: Interest on Housing Loan Advance U/s 24[B] - -
Income from house property - -
6. Add: Any other income reported by the employee under as per section 192 (2B)
a) income from other sources - -
b) Interest from Income Tax Refund - - -
7.Gross total income (4+5+6) 7,70,126
8.Deductions under Chapter VI A Gross Qualifying Deductible
a) Deduction in respect of life insurance premia, contributions toPF etc. u/s 80C Amount Amount Amount
GPF - - -
TSGLI No (L1013796 ) 24,000 24,000 -
GIS 360 360 -
LIC Premium Deducted in Salary Savings Scheme - - -
Children Tution Fee - - -
Repayment of Home Loan Premium (principal component) - - -
Sukanya Samriddhi Scheme - - -
5 Years Fixed Deposits (or)above - - -
PLI Annual Premuim 5,914 5,914 -
Total Deduction in respect of life insurance premia,PF etc.(U/s 80 C) 30,274 30,274 30,274
b) Deduction in respect of contribution to certain pension funds u/s 80CCC - - -
c) Employee contribution to CPS(NPS) -- u/s 80 CCD (1) PRAN No: (-----------------) 64,308 64,308 64,308
Total deduction under section 80C, 80CCC & 80CCD(1) Limit-Rs.150000/- 94,582 94,582 94,582
d) Addl.NPS benefit u/s -80CCD( 1B) - - -
e) Employer contribution to the Employee’s NPS Account (80CCD(2) 64,308 64,308 64,308
f) Amount deductible under other provision(s) of Chapter VI‐A
EWF.SWF,CMRF 120 120 120
80E-Interest on Educational Loan - - -
80U-deductions for disabled Person(blind,PH)-above 80%disability 1,25,000 1,25,000 1,25,000
80D-Preventive Health Check up - - -
80D-Medical Insurance Premium-Self ,Spouse & Children - - -
Any other deductions - - -

Total amount deductible under other provision(s) of Chapter VI‐A 1,25,120 1,25,120 1,25,120
9. Aggregate of deductible amount under Chapter VI-A 2,84,010
10.Net Taxable Income (7-9) (As per U/s 288 A-rounded to nearest Rs.10/-) 4,86,120
11 Tax on total income as per opt in Old Regime(old Tax Slab) 11,806
TAX
SLAB TAX SLAB TAX TAX
TAX SLAB TAX RATE AMOUN
INCOME SLAB INCOME RATE AMOUNT
T
250000 250000 0% 0 1000000+ 0 30% 0
500000 236120 5% 11806
1000000 0 20% 0
12 Tax Rebate U/s 87 A (Taxable income <=5,00,000/- max of 12500/-) 11,806
13 Tax on total income after rebate -
14 Tax Surcharge @ 10%/15%(Income more than 50 Lakhs/1 cr /respectively) (Budget 2019) -
15 Health and Education Cess@ 4% -
16 Total Tax Payable (13+14+15) -
17 Relief U/S 89(1)[Arrears Relief from Salary] (attach details) -
18 Net Tax Payable No Tax
19 Details of Advance Tax Deductions in Rupees (Pay bill month wise)
a) Mar/2021 - d) Jun/2021 - g) Sep/2021 - j) Dec/2021 - -
b) Apr/2021 - e) Jul/2021 - h) Oct/2021 - k) Jan/2022 -
c) May/2021 - f) Aug/2021 - i) Nov/2021 - l) Feb/2022 -
20 BALANCE TAX PAYABLE (Rs.) No Tax

Signature of the Drawing Officer Sign of Employee