Straviso India Pvt Ltd

Teerth Technospace
B-204 Teerth Technospace,
Bengaluru Mumbai Highway,Baner,Pune,
Maharashtra 411045 India
Income Tax Computation For The Financial Year 2019-2020

Employee No.: SV0087 Name: Suyash Dhoble

PAN No. : CNLPD1931P Gender : Male Location: Pune

Date of Join: 01-Oct-2018 Date of Birth : 07-Jun-1995 Date of Leaving:

A) Taxable Income
(i) Monthly Income
Pay Items Total Apr 2019 May 2019 Jun 2019 July 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020
BASIC 300000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00 25000.00
HRA 82500.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00 6875.00
Total 382500.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00 31875.00

B) Deduction
Pay Items Total Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020
PROF TAX 2500.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 300.00 200.00
Total 2,500.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 300.00 200.00

C) Perquisites
Pay Items Total Apr 2019 May 2019 Jun 2019 July 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020
Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

D) Gross Salary (A+C) ................................................................................. 382,500.00

E) Less exemption under Section 10

Monthly Rent
Month Metro / Non- Rent Paid HRA Basic DA 40 / 50 % Rent paid - HRA
metro Received of Basic DA 10% of Exemption
Basic
Apr 40.00 0.00 0.00 0.00 0.00 0.00 0.00
May 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Jun 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Jul 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Aug 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Sep 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Oct 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Nov 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Dec 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Jan 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Feb 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Mar 40.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00 0.00 0.00
Item Exemption
House Rent Allowance : Section 10(13A) 0.00
Leave Travel Assistance : Sec. 10(5) 0.00
EDUCATION EXEMPT 0.00
GRATUITY EXEMPTION 0.00
LEAVE ENCASHMENT EXEMPTION 0.00
Total Exemptions 0.00

F ) Income from Previous employer

Pay Items Amount

Total Income 0.00

Income Tax 0.00
Professional Tax 0.00
Provident Fund 0.00

G) Income after exemption ( D - E + F ) .................................................. 382,500.00

H) Less Deduction under Section 16 .................................................... 52,500.00

Sl.No. Description Amount

(i) Tax on Employment : Sec 16(iii) 2500.00
(ii) Standard Deduction : Sec 16(ia) 50,000.00

I) Income chargeable under the head salaries (G - H) ....................... 330,000.00

J) Add any other income declared by the employee (a+b)............... 0.00

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(a) Other Income

Description Amount
Sub Total
(b) Income/Loss from house property [ (i) + (ii) ]......................... 0.00

(i) Interest on housing loan (Self occupied)....................... 0.00

(ii) Income/Loss from letout property

Property No Annual Rent Municipal Taxes Unrealized Rent Net Annual Standard Interest on Income/Loss(5-
Recieved Value(2-(3+4)) Deduction housing loan (6+7))
@30%
(1) (2) (3) (4) (5) (6) (7) (8)
Total :

K) Gross Total Income (I + J) .......................................................... 330,000.00

L) Deduction under chapter VI A ................................................... 0.00

Investment Section Gross Qualifying Deductible

Sub Total

M) Taxable Income ................................................................................. 330,000.00

N) i) Calculated Income Tax........................................................................ 4,000.00
ii) Less Rebate u/s 87A ........................................................................ 4,000.00
Total Tax to be Paid ........................................................................... 0.00

Income Tax Surcharge Health & Edu. Total

Cess
0.00 0.00 0.00 0.00

O) Tax Paid Till Date ................................................................................... 0.00

Income Tax Surcharge Health & Edu. Total

Cess
Deduction Through Payroll 0.00 0.00 0.00 0.00
Direct TDS 0.00 0.00 0.00 0.00
Previous Employment 0.00 0.00 0.00 0.00
Total 0.00 0.00 0.00 0.00

P) Relief Under Section 89 .............................................................................. 0.00

Income Tax Surcharge Health & Edu. Total

Cess
0.00 0.00 0.00 0.00

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Q) Annual Tax Balance ................................................................................. 0.00

Income Tax Surcharge Health & Edu. Total

Cess
0.00 0.00 0.00 0.00

R) TDS Recovered in current month .......................................................... 0.00

i) Monthly tax
Income Tax Surcharge Health & Edu. Total
Cess
0.00 0.00 0.00 0.00

S) Balance Payable (in 3 Installments) - Income Tax 0.00

@Rate of Rs. 0 per month from Feb 2020

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