For educational purpose only...
| Remuneration Income | |||
| Particulars | Monthly | Annual | Remark |
|---|---|---|---|
| Basic Salary | 0 | 0 | |
| 20% of SSF Contribution by Employer | 0 | 0 | |
| Allowances | 0 | 0 | |
| Festival Allowances | 0 | 0 | |
| Other Allowances | 0 | 0 | |
| A. Total Assessable Income | - | 0 | |
| Calculation of SSF Contribution | |||
| Voluntary Contribution in SSF (VSSF) | 0 | 0 | |
| 31% SSF Contribution (RSSF) | - | 0 | 31% of Annual Basic Salary |
| Total SSF Contribution Basis | - | 0 | |
| Reduction in Income | |||
| Particulars | Actual | Allowed | Remark |
| Life Insurance Premium | 0 | 0 | Actual Premium Paid or Rs 40,000 whichever is lower |
| Medical Insurance | 0 | 0 | Actual Premium Paid or Rs 20,000 whichever is lower |
| Insurance Premium of Private Building | 0 | 0 | Actual Premium Paid or Rs 10,000 whichever is lower. |
| Children Education Fees | 0 | 0 | 25% of annual tuition fee paid for children’s education or Rs 25,000, whichever is lower. |
| Contribution to Approved SSF | 0 | 0 | 1/3rd of assessable income or Rs 500,000 or Actual contribution whichever is lower. |
| B. Total Reduction | - | 0 | |
| C. Taxable Income | - | 0 | (A - B) |
| D. Tax Liability Computation Sheet (FY 2083/84 Slabs) | |||
| First Rs. 1,000,000 Slab Tax 0% | 0 | 0 | Band-1 (Have SSF) |
| Next Rs. 500,000 Slab Tax 10% | 0 | 0 | Band-2 |
| Next Rs. 1,000,000 Slab Tax 20% | 0 | 0 | Band-3 |
| Next Rs. 1,500,000 Slab Tax 27% | 0 | 0 | Band-4 |
| Remaining Balance Over Rs. 4,000,000 29% | 0 | 0 | Band-5 |
| Gross Calculated Tax Liability | - | 0 | Sum of individual slabs / bands |
| Female Tax Credit Adjustment (10% Rebate) | - | 0 | Disabled |
| Net Annual Tax Payable Liability | - | 0 | Final Legal Tax obligation |
| Estimated Monthly TDS Deduction | - | 0 | Annual Payable / 12 Months |