Computation to Total Income for the Financial Year 2023 - 24

Full Name Office Name PAN

GOVT. MEDICAL COLLEGE AND HOSPITAL,
PRADNYA BHARAT THOOL APPPT7235P
NAGPUR
A INCOME FROM SALARIES
1 PAY 518000 7 Other Taxfree 2520
2 D.A. 216024 8 NPS Eemp. Contr. 14% 105413
3 H.R.A. 93240 9 Recovery - 0 OLD
4 C.L.A. 2880 9 Arears (C.Y.) 18872 REGIME
5 Con. Allowance 32400 10 Arears (P.Y.) 28448
6 Other Taxable 9680
(B) GORSS SALARY - 1027477
11 ADD : VALUATION OF PERQUISITES U/S 17 (since taxfree perks already inclu. Salary) 0
12 LESS : ALLOWANCES TO THE EXTENT EXEMPT U/S 10……………………………………………... 95760
(A) Any Other All, Leave T.A. Gratuity, C.E.A., Leave Encas. Payment
. 2520 2520
(B) LESS : HRA U/S 10 (13A) & RULE 2A………………………………... 93240
(i) Actual HRA Received
(ii) Rent Paid - 10 % of Basic + DA 93240
180000 73402 73402 293608
(iii) 40 % of Salary (Basic +Da) 106598
13 LESS U/S 16 (a) Standard Deduction 16 (ia) 50000
(b) PROFESSIONAL TAX 16(iii) 2500 52500
14 INCOME UNDER THE HEAD SALARY 879217
C INCOME FROM HOUSE PROPERTY (SELF OCCUPIED)
1 Interest from House Loan U/S 24 0 0
D INCOME FROM OTHER SOURCES …………………………………………………………………………………
(i) Bank /Post Office Interest 0 - 0
(ii) NSC intersest and Other 0 0
E GROSS TOTAL INCOME 879217
F DEDUCTION UNDER CHAPTER VI A
A Deduction Under Chapter VI-A (Sec 80C, 80CCC,80CCD) Gross Qualifing Deductible
G (A) Section 80C…………………………………………… Amount Amount Amount
i GPF/ NPS Employee Cont. 10% 25297 25297 25297
ii PPF 73402 0 0 0
iii LIC / Other Life Insurance 115896 115896 115896
iv GIS +PLI + ULIP 4320 4320 4320
v Interest on NSC (Reinvested) 0 0 0
vi New NSC Purceased 0 0 0
vii Repayment of House Loan(PRINCIPAL) 0 0 0
viii Children Tution Fees 20000 20000 20000
ix Bank Fixed Diposit 0 0 0
x Equity linked Mutual Fund 0 0 0
xi Suknya Yojna 0 0 0
c Aggregate of (A+B+C) Deductible u/c 80CCE 165513 150000 150000 150000
(B) Other Section (e.g. 80E,80G,80D ect.)
i U/s 80G 0 v U/s 80DD 0
ii U/s 80D 531 vi U/s 80DDB 0
iii U/S 80U 0 vii U/s 80CCD(1B) NPS 50000
iv U/s 80E /80EEB/80EEA 0 viii 105413
U/s 80CCD(2) NPS empl. contribution93172 155944
H. Aggregate of Deductible Amount Under Chapter VI A (A+B) 155413 305944
I. Total Income (E-H) ( Rounded off to nearest multiple of 10)………………………………………………………………………. 573273 573273
J. Calculation of Tax OLD
i First Rs. 0-250000 0% 250000 0
ii Next Rs. 250001 to 500000 5% 250000 12500
iii Next Rs. 500001 to 1000000 20% 73273 14655
iv Next Rs. 1000000 30% 0 0

27155 Total Tax 27155

K less Rebate U/s 87 A (Rs 12,500/- up to Rs 5,00,000/- Taxable income 0
L. After Rebate Total Tax 87A 27155
M. ADD.Health and Education Cess(Increased 4%)…………………………………………………… 1086
N. Gross Tax (Including Eduction cess ) (L+M)………………………………………………………………………. 28241
O. Less : Relief under section 89 (attach Form 10E)……………………………………………………………………………………………………… 4726
P Total Tax payable (N - O)……………………………………………………………………………………………… 23515
Q Total Tax (Rounded off to nearest multiple of 10) ……………………………………………………………………. 23515
R Tax Already Paid ………………………………………………………………………………………………………. 5500
S Balance Tax Refundable /Payable Payable 18015
Place:-NAGPUR 13/11/2024 19:11
Signature of
Date :- / / 2024
Employee:
Pry. By. Shri Krushna Data Services, Dighori, Nagpur Mob. 9372160760 PRADNYA BHARAT THOOL