Tax Calculation

INCOME TAX CALCULATION STATEMENT FOR THE FINANCIAL YEAR 2021-2022
Name :
ELAKKIYA DEVI K
Designation ASSISTANT
: SURGEON PAN : AAWPE4696E
Office Address GOVERNMENT
: UPGRADED PRIMARY HEALTH CENTRE TAN : CHEG08386A
MARUNGUR, CUDDALORE DISTRICT
CPS No. 7000269621/MEDL Cell No 8098436699 Pin : 607805
Rs. Rs.
1. GROSS SALARY INCOME (including all allowances) ₹ 1,256,870
2. LESS HRA exempted under I.T. rules under section 10(13A)
a. Actual rent paid ₹ 144,000
b. 10% of salary paid (pay + DA) ₹ 110,152
c. Difference (excess over 10 % pay + DA) i.e., (a-b) ₹ 33,848
d. HRA received ₹ 48,242
e. 40% of salary (Pay + DA) ₹ 440,608
HRA exempted c (or) d (or) e whichever is less ₹ 33,848
3. GROSS INCOME (1-2) ₹ 1,223,022
4. Taxable Perquisites ₹0
5. Gross Salary Income (3)+(4) ₹ 1,223,022
6. Less : Deduction U/S 16
i. Sec 16(ia) standard deduction for salaried & pensioner (Rs
₹ 50,000
50,000)
ii. Entertainment allowance 16(ii) ₹0
iii. Tax on employment (Professional Tax) 16(iii) ₹ 2,500
7. NET SALARY INCOME (5-6) ₹ 1,170,522
8. a. Accured interest on housing loan for self occupied house
property. if loan is ₹ 0 ₹ 1,170,522
b. Add Income from other source ₹0

c. Accured interest from NSC ₹0
d. Other deposit interest inclusive of SB account interest ₹0
9. GROSS TOTAL INCOME (7+8) ₹ 1,170,522
10. LESS DEDUCTIONS : UNDER CHAPTER VI
a. 1. Public Provident Fund ₹0
2. GPF or TPF Contribution ₹0
3. FBF, SPF ₹ 1,380
4. LIC premiums paid
5. LIFE INSURANCE ₹ 102,250
6. NSC Deposits ( investment + accured interest before maturity) ₹0
7. UTI Mutual Fund / Notified fixed deposits with Bank ₹0
8. Housing Loan Principal Repayment (HBA) ₹0
9. Contributory Pension Fund/ Scheme (CPS(F) (Part amount to be shown₹under
46,370
80 C)
Total 1 to 9 (Subject to maximum of Rs. 1,50,000/-) ₹ 150,000 ₹ 1,020,522
10. 80-CCD(1B) any Contribution to National Pension Scheme (up to 50000 Rs)
₹ 1,020,522
(additional deduction above the benefit of 1.5 lakhs claimed under section 80 C)
Eligible part CPS amount to be shown for 80 CCD(1B) in Rs ₹ 69,728
NPS Tier I Contribution amount in Rs
NET eligible CCD(1B) deduction ₹ 50,000 ₹ 970,522
1
Self, Spouse &
b. 80-D Mediclaim Dependant Assesse's Parents
Children
HF deducted in salary (NHIS) ₹ 3,540
Medical Insurance premium paid (Non Cash Mode ) 25000 Rs Max ₹0 ₹0
Cash paid towards preventive health check up (5000 Rs max) ₹0 ₹0
Mediclaim paid for Senior citizens
₹0
( Rs 50000 > 60 years ) (Non cash mode)
Health expenditure < Rs50000 for senior / Very senior citizen not
having insurance (Non cash mode)
₹0
Total Eligible amount to be deducted under 80-D ₹ 3,540 ₹ 966,982
2
c. Section 24 - Interest on Housing Loan (Max is Rs 2Lac)
₹ 103,075 ₹ 863,907
d. 80-DDB (Medical treatment - individual dependent relative)

₹0 ₹ 863,907
(up to Rs.40,000)
e. 80-E (Interest on Loan for Higher Studies) (Max Rs 40,000) ₹0 ₹ 863,907
f. Interest paid on home loan < 35 lakhs (first time buyer in the year 2016-17) (max Rs 50,000) ₹ 0 ₹ 863,907
g. 80-G Donations made through employer ₹0 ₹ 863,907
h. 80GGA donations made for scientific research ₹0 ₹ 863,907
j. 80GG - House Rent paid without getting HRA (upto Rs
₹0 ₹ 863,907
60,000)(Rs 5000 per month)
k. 80 TTA Maximum of Rs. 10,000/-, interest income, {Note-5} ₹0 ₹ 863,907
l. 80-U up to Rs. 75,000 (Permanent Physical Disability cases)
₹0 ₹ 863,907
(Rs.1,25,000 in case of severe disability)
11. TAXABLE INCOME (9-10) (rounded to nearest ten rupees) ₹ 863,907 ₹ 863,910
12. TAX ON TOTAL INCOME (FOR COL.11) (rounded to nearest rupee)
A. Individual below 60 years
1. On the first (Rs. 2,50,000) - NILL
2. On the next (Rs. 2,50,001 to 5,00,000) @ 5% 12500
3. On the next (Rs.5,00,001 to 10,00,000) @ 20% ₹ 72,782
4. On the balance (Above Rs. 10,00,001) @ 30% 0
Total (2+3+4) ₹ 85,282
12(a) Total Tax ₹ 85,282
12(b) (Less) Rebate U/S 87 A up to 12500/-(taxable income not to
0
exceed 5,00,000)
13. Tax payable for the year 2021-2022 [12(a) - 12(b)] ₹ 85,282
14. Education cess (2%)& Higher Education cess(2%) Total cess @ 4% on col.No. ₹ 3,411
13
15. Tax & Education Cess (13+14) ₹ 88,693
16. Tax Relief under section 89 (1) as per annexure (Form No. 10E) on salary arrears
17. Tax Payable (15-16) ₹ 88,693
18. Tax Paid outside ₹0
19. So for deducted in pay bill ₹ 22,000
19 (a) IT Cess already deducted in monthly salary bill ₹ 880
20. Balance of income tax to be deducted [17-(18+19+19a)] ₹ 65,813
21. Tax paid in excess ₹0
CERTIFICATE:
1. Certified that I am occupying house allotted by the accommodation controller / PWD / TNHB on paymen
2. Certified that I am occupying rental house and paying monthly rent₹ of
12,000
Rs.
3. Certified that I am paying a sum of rupees ₹ 0
towards LIC premium and the policies are kept alive.
Counter Signed
Signature of Employee with Designation

Head of Office
IMPORTANT NOTE
1. The salary bill for february - 2022 shall be presented along with the pre-checked income tax statement of this office salary bill
for Feb. 2022 with income statement without precheck by this office will be returned with a request to present on or after March
2. Basic Exemption Limited to Rs. 2,50,000.
3. 80-D Medical Insurance Premium.
I. Premium Paid for Assessee / Spouse / Dependent Parents / Children

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INCOME TAX CALCULATION STATEMENT FOR THE FINANCIAL YEAR 2021-2022

CPS No. 7000269621/MEDL Cell No 8098436699 Pin : 607805

b. Add Income from other source ₹0

Total Eligible amount to be deducted under 80-D ₹ 3,540 ₹ 966,982

d. 80-DDB (Medical treatment - individual dependent relative)

Signature of Employee with Designation

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