JP Morgan Services India Private Limited

Income Tax Computation Statement

Tax Regime - Old Regime
Employee Code : 40090501 PAN Number : MKZPS8571D
Employee Name : Sankhla Prakriti Employee ID : N732944
Gender : Female Date of Joining : 20.08.2020
Assessment Year : 2024-25 For Month : APR,2023

Heads of Income Monthly Actual YTD Projected Total

(A) (B) (C) (B+C)
Income from Salary
Regular Income
Basic 46,225.00 46,225.00 508,475.00 554,700.00
Special Allowance 75,865.50 75,865.50 834,520.50 910,386.00
HRA 23,112.50 23,112.50 254,237.50 277,350.00

.
1,742,436.00
Gross Salary 1,742,436.00

Less Exemptions U/s 10

A. Actual HRA 277,350.00
B. 40% OR 50% of Basic 221,880.00
C. Rent paid - 10% Basic 136,530.00
.
HRA Exemption(Least of A, B, C) 136,530.00

Net Salary 1,605,906.00

Standard Deduction 50,000.00
Employment tax 2,400.00
.
Total deduction 52,400.00

Net Taxable Salary 1,553,506.00

Add/Less Inc from oth sources

Deds S24 (Maximum Limit) 200,000.00-
.
Deds S24 (Interest) 200,000.00-

Gross Total Income 1,353,506.00

.
Less Deds under Chapter VI A 132,799.00

Total Taxable Income 1,220,707.00

Tax on Total Income 178,712.10

.

Tax Payable ( Refer 2nd page ) 178,712.10

Health and Education Cess (4%) 7,148.48
Total Tax Payable 185,860.58

Tax Deducted so Far (Incl.curr.month) 15,488.00

.
Tax deducted from current employer 15,488.00

Balance Tax Payable 170,372.58

.

Tax Deducted in this Month 15,488.00

.
Employee Code: 40090501 Tax Regime - Old Regime PAN Number: MKZPS8571D

Tax Payable Breakdown

From Slab To Slab Amount to be taxed Tax Rate (%) Taxed Amount
0.00 250,000.00 250,000.00 0.00 0.00
250,000.00 500,000.00 250,000.00 5.00 12,500.00
500,000.00 1,000,000.00 500,000.00 20.00 100,000.00
1,000,000.00 1,220,707.00 220,707.00 30.00 66,212.10

HRA CLA
From Date To Date Rent/Month Metro From Date To Date Rent/Month Metro
01.04.2023 31.03.2024 16,000.00 No

Exemptions U/s 10 Amount

HRA Annual Exemption 136,530.00
Total 136,530.00

Deductions under Chapter VIA

Section Code Section Description Contribution Deductible
Amount Amount
80C Payment towards Life Insurance Policy 41,235.00
80C PF 66,564.00
Total deduction U/S 80C, 80CCC, 80CCD(1) 107799.00
80D Medical Insr Premium(Payment on behalf of parents non-senior Ctz) 25,000.00 25,000.00
Aggr.Deductions under Chapter VI A 132,799.00
Notes:
1. Aggregate amount deductible under Section 80 C shall not exceed 150,000.00 Rupees.
2. Aggregate amount deductible under three sections i.e 80C, 80 CCC and 80 CCD(1B) shall not exceed 2,00,000.00 Rupees.