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Sudheesh Computation

Sudheesh S has a gross total income of 428,955 for the AY 24-25, derived from salary and stipend income. After deductions under Chapter VI A, the net total income is 418,263, resulting in a tax payable of 5,913.15, which is fully offset by a rebate under section 87A, leading to no total tax due.

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Rithika N
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34 views1 page

Sudheesh Computation

Sudheesh S has a gross total income of 428,955 for the AY 24-25, derived from salary and stipend income. After deductions under Chapter VI A, the net total income is 418,263, resulting in a tax payable of 5,913.15, which is fully offset by a rebate under section 87A, leading to no total tax due.

Uploaded by

Rithika N
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 - Sudheesh S

Computation for AY 24-25

Income from Salaries


Salary from The Federal Bank Ltd 231,455
Standard deduction 50,000
181,455

Income from Other Source


Stipend Income 247,500.00
247,500.00

Gross Total Income 428,955.00

Deduction under Chapter VI A


u/s 80CCD 2 10,692.00

Net Total Income 418,263.00

Tax payable 5,913.15

Rebate under sec 87A -5913.15


(100% and maximum upto 12,500)

Total Tax -

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