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JAN FEB MAR Projected Amount Total Amount: Earnings

This document summarizes the earnings, deductions, and projected annual tax statement for Subhankar Paul for the financial year 2020-2021. It shows earnings from basic pay, allowances, and performance pay totaling over Rs. 1.3 lakhs for the year till March. Deductions including PF contributions and professional tax are also listed. The projected annual tax statement estimates total taxable income to be over Rs. 67,000 for January and over Rs. 75,000 for February, but does not provide an estimate of total tax payable.

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56 views2 pages

JAN FEB MAR Projected Amount Total Amount: Earnings

This document summarizes the earnings, deductions, and projected annual tax statement for Subhankar Paul for the financial year 2020-2021. It shows earnings from basic pay, allowances, and performance pay totaling over Rs. 1.3 lakhs for the year till March. Deductions including PF contributions and professional tax are also listed. The projected annual tax statement estimates total taxable income to be over Rs. 67,000 for January and over Rs. 75,000 for February, but does not provide an estimate of total tax payable.

Uploaded by

Subhankar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Annual Tax Statement Financial Year 2020-2021

Employee Number 1833961 Employee Name SUBHANKAR PAUL

Year Till Date Earnings And Deductions Statement


Projected Total
JAN FEB MAR
Amount** Amount
EARNINGS
Basic Pay 10,839.00 12,000.00 12,000.00 12,000.00 34,839.00

House Rent Allowance 4,335.00 4,800.00 4,800.00 4,800.00 13,935.00

Leave Travel Allowance 903.00 1,000.00 1,000.00 1,000.00 2,903.00

Personal Allowance 22,409.00 24,810.00 24,810.00 24,810.00 72,029.00

City Allowance 542.00 600.00 600.00 600.00 1,742.00

Other One-time-payouts 452.00 500.00 - - 952.00

Performance Pay 1,716.00 1,900.00 1,900.00 1,900.00 5,516.00

Total Earnings 41,196.00 45,610.00 45,110.00 45,110.00 1,31,916.00

DEDUCTIONS
PF contribution * 1,301.00 1,440.00 1,440.00 - -

Professional Tax * 200.00 300.00 - - -

HIS premium - Tax exempt * - 472.00 - - -

Total Deductions 1,501.00 2,212.00 1,440.00 - -

Net Pay paid in India 39,695.00 43,398.00 43,670.00 - -

* Projections for future period considered at consolidated level in Annual Tax statement
** Any payout towards prior year salary is included in "(b) Projected for the rest of the year" in the Projected Annual Tax Statement Section
Projected Annual Tax Statement
JAN FEB MAR
Residential status for taxation RI RI RI

a) Year-to-date Gross Earnings. 41,196.00 86,806.00 -

b) Projected for the rest of the year. 81,490.00 45,111.00 -

c) Total Projected Gross ( a + b ). 1,22,686.00 1,31,917.00 -

d) Annual Perquisites: - - -

e) Annual Total Gross ( c + d ) 1,22,686.00 1,31,917.00 -

f) Exemption under Section 10 - - -

g) Standard Deduction 50,000.00 50,000.00 -

h) Employment tax (Professional tax) 600.00 800.00 -

i) Income under the Head 'Salaries' (e - f - g - h) 72,086.00 81,117.00 -

j.1) Income from House Property - - -

j.2) Section 24 Exemption - - -

k) Eligible Exemption - - -

l) Income from other sources - - -

m) Deductions for investments available under


4,182.00 5,125.00 -
Chapter VI A

n) Total Taxable Income ( i + k + l - m ) 67,904.00 75,992.00 -

o) Tax on Total Taxable Income - - -

p) Surcharge on Tax - - -

q) Health and Education Cess ( o + p ) @ 4% - - -

r) Total Tax, Cess and Surcharge payable ( o + p + q ) - - -

Monthly Income tax - - -

s) Tax deducted till date - - -

t) Balance Income Tax ( r - s ) - - -

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