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Exercise 2.11

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Kunal Mehta
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21 views2 pages

Exercise 2.11

Uploaded by

Kunal Mehta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Name

DOB
Gender
Salary Information
Basic Pay
DA
HRA
City Compensation Allowance
MA
Commission
Entertainment allowance
Any other Allowances
Gross Income

Deductions:
Provident Fund
NSC, VIII issue
House Rent Paid
Total Deductions
Net Taxable Income

Tax
Surcharge
Education Cess
Higher Education Cess
TOTAL TAX
Less: TDS
NET TAX
Name Mr X.
DOB 1/2/1983 Age
Gender M
Salary Information
Basic Pay ₹ 300,000.00
DA ₹ 60,000.00
HRA ₹ 50,000.00
City Compensation Allowance ₹ 6,000.00
MA ₹ 16,000.00
Commission ₹ 6,000.00
Entertainment allowance ₹ 10,000.00
Any other Allowances
Gross Income ₹ 448,000.00

Deductions:
Provident Fund ₹ 35,000.00
NSC, VIII issue ₹ 15,000.00
House Rent Paid ₹ 35,000.00
Total Deductions ₹ 85,000.00
Net Taxable Income ₹ 363,000.00

Tax ₹ 26,600.00
Surcharge ₹ 0.00
Education Cess ₹ 532.00
Higher Education Cess ₹ 266.00
TOTAL TAX ₹ 27,398.00
Less: TDS ₹ 2,500.00
NET TAX ₹ 24,898.00

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