1. The document provides salary details of Amjith Chandran J for the financial year 2023-24.
2. It lists his gross salary as Rs. 4,77,799, various deductions under section 16 amounting to Rs. 51,500, and taxable income as Rs. 4,95,920.
3. After deductions under sections 80C, 80CCD(1), and 80D totaling Rs. 1,12,787, his total income is calculated as Rs. 3,77,130 and the final tax payable is Rs. 0.
1. The document provides salary details of Amjith Chandran J for the financial year 2023-24.
2. It lists his gross salary as Rs. 4,77,799, various deductions under section 16 amounting to Rs. 51,500, and taxable income as Rs. 4,95,920.
3. After deductions under sections 80C, 80CCD(1), and 80D totaling Rs. 1,12,787, his total income is calculated as Rs. 3,77,130 and the final tax payable is Rs. 0.
1. The document provides salary details of Amjith Chandran J for the financial year 2023-24.
2. It lists his gross salary as Rs. 4,77,799, various deductions under section 16 amounting to Rs. 51,500, and taxable income as Rs. 4,95,920.
3. After deductions under sections 80C, 80CCD(1), and 80D totaling Rs. 1,12,787, his total income is calculated as Rs. 3,77,130 and the final tax payable is Rs. 0.
Name of Employee : AMJITH CHANDRAN J PAN : BCCPJ6876Q
Designation & Office : JUNIOR INSTRUCTOR, GOVERNMENT ITI ATTINGAL Cat: Others 1 i) Gross Salary (a+b+c) 548420 a) Salary as per Section 17(1) 548420 b) Value of Perquisites 0 c) Profits in lieu of salary under section 17(3) 0 Less Recoveries Like Dies Non, Excess Pay Drawn, etc 0 Balance 0 548420 ii) Less Allowances to the extent excempt u/s 10 (First inclued it in salary) HRA in the case of persons who actually incur expenditure by way of Rent a) Actual HRA Received 0 b) Rent paid in excess 1/10th of the salary 0 c) 40% of Salary (Salary means Basic + DA) 0 (a) to (c) whichever is least is exempted 0 Other Allowances to the extent exempt u/s 10 0 0 iii) Net Salary ( i-ii) 548420 iv) Deduction u/s 16 (iv-a + iv-b + iv-c ) 52500 a) Standard Deduction 50000 b) Entertainment Allowance 0 c) Professional Tax 2500 v) Income Chargeable under the head Salaries (iii-iv) 495920 2 Income from House Property () 0 (Net Annual Rent - Municipal Tax) -30% - Ineterest on Housing Loan Max Loss Allowed 2Lac 0 3 Income from Business 0 4 Income from Capital Gains 0 5 Income from Other Sources : Interest on Savings Bank Deposits 0 0 Interest on Fixed / Term Deposits 0 Any Other - 0 6 Gross Total Income (Total of 1 to 5) 495920 7 A - Deduction under section 80C a) Life Insurance Premia of self, spouse and children 0 b) Purchase of NSC VII issue 0 c) State Life Insurance Policy (SLI) 9600 d) Group Insurance Scheme (GIS) 12000 e) Contribution towards approved Provident Fund including PPF 36000 f) Tax saver Fixed Deposits in bank / Post Office ( 5 years or more) 0 g) Deposit scheme or pension fund set up by NHB 0 h) Tuition Fees ( Paid to university, college, school or educational institution situated within India for full time education to any two children) 0 i) Housing Loan Repayment(Principal),Stamp duty paid for purchase 0 j) Subscription to equity shares or debentures of an eligible issue 0 k) Subscription to eligible units of Mutual Fund 0 l) GPAIS 875 m) Any Others Items-2 0 B Contribution to Pension Fund (80CCC) 0 C NPS (Total :54312). Deducion U/s 80CCD(1) (Max.10% of Basic+DA of this Yr) 54312 Totalto Contribution Deduction u/s 80 CCE(Max NPS u/s 80CCD(1B) (A+B+C) =112787 Rs.50,000) 112787 8 a) Contribution to NPS u/s 80CCD(1B) (Max Rs.50,000) 0 b) Mediclaim ( Maximum of Rs.25,000 for self, spouse, dependent children and Rs.25000 for Parents. if Parents are senior citizens Rs. 50,000) U/s 80D 6000 c) Expenditure on Medical treatment of mentally or physically handicapped dependents (including the amount deposited in their name. ( Max. Rs. 75,000/- in case of 80% disability max. Rs.1,25,000) U/s 80DD 0 d) Expenditure on medical treatment of the employee/dependent for specified diseases or ailment like cancer, AIDS, etc. ( Max. Rs.40,000/- in case of treatment is made to a person who is a senior citizen Rs.1,00,000) U/s 80DDB 0 e) Interest paid for Educational Loan for higher education U/s 80E 0 f) Donation to various charitable and other funds including PM's National Relief Fund 80-G 0 g) Deduction for interest on loan taken this year for residential house property (80EE) 0 h) Interest on loan taken for purchase of Electronic Vehicles (80EEB)-Max 1.5 Lakhs 0 i) Dedution for Handicapped Employees (80U) 0 j) Contribution made to Political Party (80GGC) 0 k) Deduct Rent Paid (If not receiving HRA and incuring Rent) (80GG) 0 l) Deduct Interest on SB Deposit (Max.Rs.10000 u/s 80TTA) 0 Total of (a) to (l) 6000 9 Total Deduction (7+8) 118787 10 Total Income (6-9) (Rounded to the nearest multiple of ten as per Sec. 288 A ) 377130 11 Tax on Total Income 6357 12 Less : Rebate u/s 87A 6357 13 Income Tax after Rebate 0 14 Health and Education cess @ 4% of 13 0 15 Total Tax Payable (13+14) 0 16 Less : Relief for Arrears of Salary u/s 89(1) 0 17 Balance Tax Payable (15-16) 0 18 Total Amount of Tax already deducted 0 19 Balance Tax to be paid 0 20 Monthly TDS = Rs.0/10 Months 0 ATTINGAL THIRUVANANTHAPURAM Signature 28-03-2023 AMJITH CHANDRAN J SALARY PARTICULARS - 2023-24 Month Basic DA HRA CCA Other Gross PF SLI GIS LIC NPS M.Sep Ded Mar-23 42300 2961 2538 47799 3000 800 1000 4526 500 9826 Apr-23 42300 2961 45261 3000 800 1000 4526 500 9826 May-23 42300 2961 45261 3000 800 1000 4526 500 9826 Jun-22 42300 2961 45261 3000 800 1000 4526 500 9826 Jul-23 42300 2961 45261 3000 800 1000 4526 500 9826 Aug-23 42300 2961 45261 3000 800 1000 4526 500 9826 Sep-23 42300 2961 45261 3000 800 1000 4526 500 9826 Oct-23 42300 2961 45261 3000 800 1000 4526 500 9826 Nov-23 42300 2961 45261 3000 800 1000 4526 500 9826 Dec-23 42300 2961 45261 3000 800 1000 4526 500 9826 Jan-24 42300 2961 45261 3000 800 1000 4526 500 9826 Feb-24 42300 2961 45261 3000 800 1000 4526 500 9826 Sal.Arr 0 0 DA Arr 0 0 PR Arr 0 0 0 Earned Leave Surrender 0 Festival Allowance 2750 Total 507600 35532 2538 0 0 548420 36000 9600 12000 0 54312 6000 117912 Details of Tax already paid Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Other Direct Bank
Printed on 28-03-2023 at 16:27:29 Easy Tax : by alrahiman