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  • TaxStatement Mar2022

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    Siddharth
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    - The document is an employee tax statement for Siddharth who works at GlobalLogic India Private Limited. It shows taxes deducted from his salary from April 2021 to March 2022. - His basic pay was Rs. 80,153 in September increasing to Rs. 82,917 from October to March. He received a joining bonus of Rs. 1,50,000 in October. - After deductions for provident fund, medical insurance, and taxes, his net taxable income for the year was Rs. 12,12,953. The total tax due was Rs. 1,83,440.90. - Rs. 52,643.90 remained payable/refundable after accounting for

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    2511432_TaxStatement_Mar2022

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    - The document is an employee tax statement for Siddharth who works at GlobalLogic India Private Limited. It shows taxes deducted from his salary from April 2021 to March 2022. - His basic pay was Rs. 80,153 in September increasing to Rs. 82,917 from October to March. He received a joining bonus of Rs. 1,50,000 in October. - After deductions for provident fund, medical insurance, and taxes, his net taxable income for the year was Rs. 12,12,953. The total tax due was Rs. 1,83,440.90. - Rs. 52,643.90 remained payable/refundable after accounting for

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    45 views1 page

    TaxStatement Mar2022

    Uploaded by

    Siddharth
    - The document is an employee tax statement for Siddharth who works at GlobalLogic India Private Limited. It shows taxes deducted from his salary from April 2021 to March 2022. - His basic pay was Rs. 80,153 in September increasing to Rs. 82,917 from October to March. He received a joining bonus of Rs. 1,50,000 in October. - After deductions for provident fund, medical insurance, and taxes, his net taxable income for the year was Rs. 12,12,953. The total tax due was Rs. 1,83,440.90. - Rs. 52,643.90 remained payable/refundable after accounting for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Employee Details

    Company Name : GLOBALLOGIC INDIA PRIVATE LIMITED

    Employee Name : Siddharth

    Employee Code : 2511432

    Tax Statement as on Mar 2022


    Sl. Description Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar TOTAL

    1 TAX STRUCTURE OLD OLD OLD OLD OLD OLD OLD OLD OLD OLD OLD OLD

    2 BASIC PAY 0.00 0.00 0.00 0.00 0.00 80,153.00 82,917.00 82,917.00 82,917.00 82,917.00 82,917.00 82,917.00 5,77,655.00

    3 HOUSE RENT ALLOWANCE 0.00 0.00 0.00 0.00 0.00 40,077.00 41,459.00 41,459.00 41,459.00 41,459.00 41,459.00 41,459.00 2,88,831.00

    4 SPECIAL ALLOWANCE 0.00 0.00 0.00 0.00 0.00 38,335.00 37,157.00 37,157.00 37,157.00 37,157.00 37,157.00 37,157.00 2,61,277.00

    5 INTERNET REIMBURSEMNET 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,260.00 8,260.00

    6 INTERNET REIMBURSEMNET EXEMPTION -8,260.00

    7 JOINING BONUS 0.00 0.00 0.00 0.00 0.00 0.00 1,50,000.00 0.00 0.00 0.00 0.00 0.00 1,50,000.00

    8 INTERNET TAXABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 740.00 740.00

    9 MOBILE TAXABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,000.00 6,000.00

    10 GROSS INCOME FROM SALARY 12,84,503.00

    11 GROSS SALARY INCLUDING PERQ 12,84,503.00

    12 SALARY FOR HRA EXEMPTION(10%) 0.00 0.00 0.00 0.00 0.00 8,015.00 8,292.00 8,292.00 8,292.00 8,292.00 8,292.00 8,292.00 57,766.00

    13 SALARY FOR HRA EXEMPTION(40%/50%)(B) 0.00 0.00 0.00 0.00 0.00 32,061.00 33,167.00 33,167.00 33,167.00 33,167.00 33,167.00 33,167.00 2,31,063.00

    14 ACTUAL HRA RECEIVED (C) 0.00 0.00 0.00 0.00 0.00 40,077.00 41,459.00 41,459.00 41,459.00 41,459.00 41,459.00 41,459.00 2,88,831.00

    15 INCOME AFTER SECTION(10) 12,84,503.00

    16 STANDARD DEDUCTION -50,000.00

    17 INCOME AFTER SECTION (16) 12,34,503.00

    18 GROSS TOTAL INCOME 12,34,503.00

    19 PF CONTRIBUTION 0.00 0.00 0.00 0.00 0.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 12,600.00

    20 TOTAL INVESTMENTS 12,600.00

    21 DEDUCTION U/S 80CCCE 12,600.00

    22 TOTAL INVESTMENTS DEDUCTABLE -12,600.00

    23 DEDUCTION U/S 80D (MEDICLAIM) -8,950.00

    24 TOTAL CHAPTER VI(A) DEDUCTIONS -21,550.00

    25 NET TAXABLE INCOME 12,12,953.00

    26 TAX SLAB RATE 0.00 0.00 0.00 0.00 0.00 30.00 30.00 20.00 20.00 20.00 30.00 30.00 30.00

    27 TAX ON TOTAL INCOME 1,76,385.90

    28 TAX INCLUDING SURCHARGE 1,76,385.90

    29 HEALTH AND EDUCTATION CESS 7,055.00

    30 TOTAL TAX DUE 1,83,440.90

    31 TAX DEDUCTED TILL PREVIOUS MONTHS 0.00 0.00 0.00 0.00 0.00 19,888.00 26,908.00 11,153.00 11,153.00 11,153.00 50,542.00 0.00 1,30,797.00

    32 TAX PAYABLE /REFUNDABLE 52,643.90

    33 TAX PER MONTH 52,644.00

    34 EMPLOYER PF 12,600.00

    35 TOTAL EMPLOYER NPS, PF SUPER ANNUATION 12,600.00

    This is a computer generated document, hence no signature is required.

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