I f M

Mr x C A Senior Ages officer

ey He
Computation
of Income V H salary Financial Reporting skill FIL basic
Particulars salary
F
I
Basic Bonus 1 Additional Monetary benefit provided to ft ER
salary
Allowances Bonus Commission as a Incentive or under
by
circumstances
I special
Perquisites 2 like Diwali Anniversary any
of company on
earning some
Profits in lieu of Salary 3 extra profits etc
Retirement benefits 4
Gross Salary
c7 Ded ups 16 5 Commission Additional Monetary benefit provided FR to Kk
by
Standard Deduction old regime New
regime C 1 on
Achieving Targets
Professional Tone
Entertainment allowance
Oldregime Allowances
Income w n salaries
Additional Monetary benefit provided by ER to ft for
Basic Salary Monetary consideration pay ER to ft for purpose
job for
of skills which ft is hired This Amount
is paid for of EE r f 1 w I to 1 betwee
Exp for Incurr In commuting between
residence office
Official Allowance Lower of following Is Exempt
pm to ft
3000
eg.fr pay MedicalAllowance of a Allowance Reey
Exp Incurr ff on Medicines Medical Treatment ele b Amt spent
for official use

ft
pay HuperHeAllowance of pm to
ER 4000
ey Assistant Rakhne Ke liye Extra payment
1 Helper Allowance
Exp Incurr ff on
Hiring personal Assistant helper reey Hota hai ER se

Allowances D w 10.00pm Mr.J

Fully Taxable Helper Hired 4 7000pmMar
Efren 1 July
I 70 Mind telork
Types of Allowances Fully Exempt Allowances 1am 30 personal talork
PartiallyExempt won Official
Taxable Helper allowance Received 11201000
Special Allowances personal C 7 Exempt 441100
Tonable 751900
 Exempt Allowance Reef 10,000 12m
11201000
Spent for offical 7000 9m
use 70 44,100 3 Research Development Allowance official research
lower of Above Is Exempt 44100
Allowance Reey 11001000
2 Transfer Allowance when there Is Change In Job location spent
FR allowance to meet the Exp
pay of B
Shifting Movers packers
Extipt Reey ie 11
lower ie 92k Exempt Reey 11
9 Transfer Allowance Rely 251000 Spent ie 92k Spent 1.072
spent 0 lower 1L
291900 395
Tomaste Reef Exempt
A Exempt 201000 IL 92K Tonable Rely Exempt
Taxable 25000 201000 5,000 81000 IL IL
MIL
4 Academic Allowance
B Exempt Rely 251000
lower Is Exemptie 25000 11001000 B
spent 301000 Received
Spent AB 50 501000 Exempt
Taxable Reed exempt 100 0 11001000
town ie
I 25
0 25000
Exent www.eso.no
I p I m f y
to official Tour outside ete on Tom
Tonable Recy Exempt Tonable Rely Exempt the Job location
IL 50K IL IL
g Tickets exp for such Exp ft
50K MIL Hotel reey Allowance
exp daily
from fr
RA HUT Exemption allowed only under old regime s Conveyance Allowance To meet the
Exp of Travel within
ie these 5 official allowances are fully the city limits Job location
Tonable under New Regime
of

DTC Exemption allowed under both regimes

R R D Allowance
A Academic Allowance Allowance
T
Daily
H Helper Allowance Travelling Allowance
Uniform Allowance C Conveyance Allowance
Transfer Allowance
6 Allowance 7 Allowance
Travelling
Ho DailyHo
Allowance
paid to ft to Day to
Day exp
meet out Expeses related like food
Conveyance
Personal Allowances C Ed All Reey 4000 pia for 3 child
eg
1 Exemption old Reed 13 child 4000 Per child 400
allowed under
2 Exemption Rule
Regime
c 7 Ex100 pm 2 12 2400 g
1333.33Pa
Taxable 1600 1
Allowance Recy
233
lower
limit prescribed under Income Tax Rules the
Exempt
note Personal Allowance Am
rs ent Is not
g C Ed All Reed 3000 pia for 3 Child

Recy Schild 3000

C 1 Exempt X2 12 2400
1 children Ed aware 100pm Tonable 600
they Inf
eg C Ed All Reey 150 pm each for 3 Child Per child fd Allowance 11000 p a
330s 10 83.33
pm
Recep 150 3 X 12m 5400
Exempt 100 2X 12m 2400
Tomaste 3000 Recy 13 Child 3000
cg
C 7 Exempt 83.33 12m 2Chily 2000
Taxable 10

C Ed Allowance 3600
4 pia for 3 Child

per month per child 100pm child

33 p In
Reed 3 Child 3600
Exempt 100 12 2
Taxable 71

9 Mr.x Employed with Altaf Rely ed allowance of 5000 pia

for his Grand child Tonable Allowance

No Exemption allowed

ie f 51000
Ie Exemption 100
pm child not for Grand child
taxable
fully
 Deal w o 1611117 Professional Tax
HIA Rent
salary Prof Tax State Govt Job
Any factor change levy Business
location levied on Employment
HRArell Profession

Allowedonly under Professional Tax Deduction allow on

Deal Old I
w o 16 1107 St def 50000 7 000 regime PII
014 6
2011 BS Paid by EE Paid by ER on behalf
119 Ent allow 5000 EE
lowery of
only under old E A Reeel Deel from Gross Salary
Govt ft Is allowed up 16 iii Treatment

Piton paid by ER shall be

treated as Peng added
to Gross Salary

Treatment 2
P Tax paid allowed as deduction
1
as Income 0 4 2,201600 219700
from gross salary per Salary
5 16 111
Calculation Income H New Regime
Calculation
of V
Salary
of Income v h Salary Cold Regime Prof Tax Prof Tax paid
Prof Tax Prof Tax paid paid by ER by Ere
paid by ER by Ere Basic Salary 14000 12 m 11681000 1168,000
Basic Salary 14000 12 m 11681000 1168,000 DA 5000 1 2m 601000 601000
DA 5000 1 2m 601000 601000 HRA 4000 9 m 361000 361000
HRA 4000 9 m 361000 361000 Cash Allow 300 12m 31600 3,600
Cash Allow 300 12m 31600 3,600 Meet Allow 250 12 3000 3,000
Meet Allow 250 3,000 3,000 400 12 41800 4,800
12 Ent Allow
Ent Allow 400 4,800 4,800 Tax paid by ER 115pm 12m 900
12
900
Pry
Prof Tompaid by ER 115pm 12m Gross Salary 2,761300 2175,400
Gross Salary 2,761300 2175,400 C 1 Deal 0 0 16
C 1 Deel 0 0 16 St deduction 751000 75,000
St deduction 501000 501000 fort all
No Deet under New
fort all 201 M BS 33600 P Tase pay
5000 Lower regime 2100500
2,01 00
Income 01H
Ent All Reey 4,800 4,800 4,800 Salary
Pitose pay 900 900
 Retirement Benefits M
Imp I EE Coveney under P.O.UA

1 Gratuity Reward paid RR to Ere for long term Service least of foll Is Exempt
by
Continous service
of 5Yr or more
a Ceiling limit 201
payment of gratuity Aet P.O.UA mandatory b Gratuity Reey
ER to to EE
for pay gratuity 117 last drawn
salary Cy or
parttherery
of 6m
In excess

Gratuity Last drawn Salary time of Retirement

salary
picante Mahine K salary
During Employment At the
time of som regime Retirement 15 12 24
Always Tonable In 30000
hands alleles Gouter Mon Gout Ek Bs 501000Pmr
of He Da
seen 1401 part of Ret benefit
fullyExempt Exemption avail
CA SU LAXER
as
follows
0911 Non Govt Ere covered under P.o.UA

As s 101107 least will be Aug salary Aug of 10m salary 1mm preceding m o retirement
per of following Exempt's
cal Ceiling limit 20L Last drawn Solf Retirement 2812125
salary
b Gratuity Rely 6.00.000 10m
Aug salary 114124 3111125 Preceeding 10m
last drawn cy Basic salary 5 0
1112ft salary DA 3000 R Bs BS DA RB Comm
salary ofTO
8000 2745 1,24 615 8000

09157 least of following shall be Exempt

Exempt 1124,615
a
Ceiling limit 201001000 Calculation
of Average Salary
Tonable Reed exempt b Gratuity rely 61001000 1 8 23 3115124
61001000 1124,615 C 1 2X
Augsalary Comp Year B's 5000 10m 501000
4175,385 1 2 X 7800 X 2byr 11011400 DA 3000 60 0 10m 181000
Comm
Non Gout EE Not Covered Under P.O.UA Exempt 1101,400 1010 121 10 12 101000

Ceiling limit 201 Tonable Rely Exempt Salary for lost 10m 781000
Least of followingIs Exempt GratuityReed 61001000 11011400
Aug 781000 7 800pm
112 Augsalary each Cy 4,981600 10

1917
NOI
Ceiling limit lifetime limit ie Assessee Can Exempt Gratuity
20L DA 501 of Basic Salary If part of Retirement benefit
of f 202 In his lifetime Commission 4000
pm
Bonus Reey In M 0 Aug
if any gratuity Is exempley earlier then this ceiling limit 25.000
Retirement
get reduced by amount of such Exemption Gratuity Reey 15,201000 time
of
A Mr.x Coveredunder POUA
Earlier Employees with Altel Retired B Mrix Not Covered under POUA
Mike reey Gratuity of
which 2.70L Exemptey up 10110
5L out
of F Calculation
x
of Income 01H Salary New Regime
Joiney Bite thereafter Py 2024 25
Ceiling limit CoveredUnder Not Covered
At the time of Retirement for Gratuity POGA
Exemption 20L 2.70L underPOGA
17.30L Basic salary
April June 501000 3m 11501000

Py 24 25 July Mox 60,000 5 m 3101000 4,501000 4,501000

Calculate Income 01H 2,251000
Example
Salary As per new
regime of Mrix Dearness5011
of Basic salary 2,251000
321000
who retired on
4 After saving 294 9m Commission 000pm 8m Ap Mox 32000
Bonus 251000 25,000
Basic salary time of retirement was Idps Increased by Gratuity WM MIL 4143,375
II Gross Salary
Eaton e strauvenon iii
if 5,501000
Income w H Salary 61571000 11100,375 iii 112 Augsalary CY
1 2X 74,250 X 20145 DA1501 BS 7011 1,921500
1AM Calculation COMM 0
of Tonable Gratuity 10,716,625 0
10m 7,42500
Salary
A Pro G A Exempt 10176,625
Covered under
Aug Salary 742500 74250
Last drawn Solary Taxable Rely Exempt 10
least
of following Is Exempt Basic 601000 15.201 10.761625
pm
i Ceiling limit 201 DA 501 BS 301000
pm 4143,375
1117 Gratuity Reey 15.202 901000
11117 15 26 last drownSalary Cy or part
15 26 901000 30 yr therey
15,571692
Exempt 15,201000
Taxable Reef Exempt
15.20L 15 201
NIL

B Not Covered Under P.O.UA Calculation ofAug Salary Feb Mov

Least
of following Exempt
1 Ceiling limit 201 By Fes June 50000 5m 21501000
1117 G receivey 15.20L July Nov 60000 5m 31001000
 taxable comm pension Reey exempt
Perent Remuneration RR grant to Re After Retirement Total Pension CommutedPension
for Post Service render commutation or commutation
proportion
60
pension Commut for 5,601000
0
Pension
eg
TP X 60 51601000
Uncommuted Pension Commutey Pension TP 5.60.000 9,33 333.33
He 601
Monthly Pension lump sum Pension
I eg Is pension commut for 91001000
Always Tonable for
All Eres Goutff Non Govt fee TPX 213 9.001000
TP 9100,000 le 9100.000 131501000
40054Eur
CE Fully Exempt 213

Gratuity Reed No Gratuity Recel

Exempt 113 of Total Pension Exempt 112 of Total
Pension
Taxable comm pension Reey exempt
Examples Mon Gouter TP Comm Pension 102 t 21001000
Govt Ere GratuityReey No Gratuity 20
MIL
Uncommuted Pension Wnt 541000 841000 841000
CommuteyPension WM 27 MIL MIL MIL No
GratuityReey PensionReey 21001000
Tonable 84,000 841000 841000 c Exempt
ie 5L

WI uncommuteyPension Restrict to 21 2001000

MIL
Oct Jan 15000 UM 601000
pm
Feb March 15000 2m 241000 12
pm 801 84,000
MI't of Total Pension
Exemption Ceiling limit
113 Total Pension
Oct Jan ER 100 0 pension 15000
of
pm
Feb 20 pension lump sum reey Assessee Can Claim Exemption In his lifetime
ER 80 pension 15000pm 801 12000
Above
kg 2L Availed
Gratuity Reey fx Ant 3
1112 Commutey Pension Pension Reef 2001000 boy 1.33L Available
Maximum Next time when
c 7 Exempt
Exemption Assessee Commute
Gratuity Reey see further pension
 1
Bs
Availed ay
Gratuity Reey Ex Ant
No 5L 21 DA RB
bat 32 Exempe available Comm
next time when Assessee
Comm further Pension 0 Silent DA Not
part of RM

Comp of Gross Total Income

PLApp solution Sal 01 025 update
Old Regime New Reg
Basic Sal Ap Nov
DA
Ap NOV Leave fricashment
Pennouncomm
Dec Jan ER Grant certain leaves to Ek during year
Feb March
comm R E If he didn't avail during the year
k ie ft Service provide to ER
Gratuity IR
Ere gets paid Extra
If Q silent Not Covered under POUA for such leaves not availey

I
E shment
I
Ek has
714 option

opton leaves Accumulate

leave freconment Encoshey time leave fricoshment
during the year of Retirement
During fmp FT

Pw offer 309 leave during year Retirement Gout ft fire

During 24 25 20 leaves Availed Non Gout ft 5.10110 AA least Exempt both req
L E Reef
unavailey leave 109 Cell limit 25L
Aug Salay Iom Aug Sal 10m
AugSalay
leave
Retirement 16 12 24
1mm pree
day of Ret creyitxauq.solary
S RBS BS DACRB Comm
Gratuity Not Covered under POUA 1mm preceed month of
Retirement leave Cred
10M Feb 2y Mov 24
leave available IGNORE
for Cy Any fraction
leave freeshment Immed Preceding
15 12
Day of Retirement More 304 Year
Encashed leaves
10M 1612124 24 17 Availey
 ex ex
leave credit
30 Shortcut
leave Credit m
Unavailey leave As per ER 4759
c7 Extra leaves Rdx 30 yr God
Example unavailey As per liter 4159
3od
Calculation of Availey leaves leave creels 13.83
a

leaves Available As
per ER 329 30 yr 9609
Tonable leave facoshment
C I Unavailey leaves 4759 Example13
Availey leaves 4859
Received 61001000
61001000
f7 Exempt CWM
leave Credit Taxable MIL

KI Least of following Is Exempt

leaves Available As per 1 Tax 309 304 9004
C I Availed leaves 4859 a leave Eric Reed GL Aug Salay 112124 30111124
4159 b Ceiling limit 252
Tod 111 10m BS Feb June 40000 5m 200000
leave Credit 10m
AugSalary
721000 7.20L 50000 5m 250000
13.83 July Nov
d leave Credit 41501000
c any
q 8.8322 Augsalary
12.256 72000 DA
1001 135 601 Calculation UTI PY 24 257
62 Comm 1 0
270000
01 of
Old Regime
exempt New Regime
10m Salary 71201000 Basic Apr June 27000 3m 811000 811000
721000 3300044m 1132000 1132000
Augsalary July Oct
leave Credit
June 9000 27000 27000
01 April 3m
unavailed As per ER 4209 July Oct 12000 Um 481000 481000
1 1 Extra leaves 29 26 yr 529
368 leave freonment w 2.58.500 2,581500
30 grog 5,461500 5146.500
12.266 month
salary
leave credit C 1 Deal 01s 16
St deduction 501000 751000
Income 0 4 4 96,500 4,711500
Salary

Taxable leave fricoonment Reef Exempt

500000 241500 258500

Exempt'sa least of following

Liene Rely 51001000
 eey
b Cell limit 251001000
c lomx Salary
10M X
Aug 34500 31451000
d leave Credit Provident fund Retirement benefit
7m 34500 Augsalary 241500 ER Ere both contribute
BS 27000 6m 33000 UM 2,941000 Account
Avg salary Type of Interest Credit
JAN Oct
DA RB 9000 GM 1200044m 501 511000 Periodically
Comm 10 0 lalithdrawl allow
During Employment
345000
time of retirement
10m
Aug 34500 Types of PF SPF
Statutory PF
leave Credit Pf Created by ER Recognized PF RPF
ORPF
Unrecognized PF
leave Available Sod yr Good
for ly 204
PF Public Provident fund PPF
11 Availey Encoshey 13m 3091 3909 for general public
s PF Create as per legal obligation If
7m en
PF Create Approval from C B DT Belt
11 f No
approval from C D D T If

PF Create by ER
SPF BS 50000pm
ER Contribute
1
SPF ER Cont Exempt
g DA 1001 of BS
3
RPF Interest Credit Ere cont Deel up for FR ft both contribute towards
Efe Contribute 2 URPF Int Credit SPF 45000pm each
Exempt
withdraw Exempt Int Credit on SPF 4 251000
Calculate TI under both regime
EE Amount withdraw
4
computation of T1
Old Reg New Ry
General Public PF BS 50,000412m 61001000 61001000
ie PPF DA 1001 BSM 61001000 61001000

2 ER cont to SPF Exempt Exempt

EE contribute Interest credit Int in SPF Exempt Exempt
Gross Salary 121001000 12001000
C St deal 501000 751000
Income v a Salary UTI 111501000 111251000
Ant withdraw 3
17 Deel Ufo Soc Cont to SPF 5000 12 601000
T1 101901000 111251000
 Calculate TI
19 deep 11501000
old Reg New Reg
BS 75000 12 91001000 91001000
RPF DA 8011 of BS 7,201000 71201000
ER cont to RPF WM 28,800 281800
ER Cont Ex upto 121 RBS Tnt on RPF 301000
Ed cont Deal w o 80C Ex 30,200 9.5 191000 111000 111000
Int credit Ex upto 9.5
pa
Inlithdrawl Exempt if Gross salary 16159,800 16,59 SN
service provide
for cont period opto
5,4 c 7 Dell up 16 St deal 501000 751000
Exception Income 01hSalary UTI 16109,800 15184,800
5Yr cord Not ill health 1 7 Dell Up 80C
apply
ER business Contract EE cont to RPF 201 of B S
ER business discontinue ie 1.80L Restrict to 1.501 11501000
RPF bot Trofr to RPF Maint by New ER T1 14,59 800 15184,800
or

Trsfr to MPS Deduction Chp ER cont to RPF 11801000 R BS

FI Ex 1211 of Rinis BS
DA 91 8011
91001000
BS 75000 DA 8011 of BS 501 forms part Ie 1211
M 121602
pm of RB 1151,200 50 3,601000
ER Er contributes 20
of BS to RPF each 28,800 121601000
Int r to RPF 15 0 301000

ER ref both 3.25L SPF

β During Year Eg cont each
EE Cont exceed 2,501000 In SPF RPF Int r 251000 501 SPF
If Part
Op 0

Int credit on Ere cont

x 6 ER Cont 3,201000
Int cont Int cont In f cont opto 2.5L 2501000 5,701000
upto
on 2.52 on
excess of 2.52
Exempt SPF fully He Part 2
RPF
up to 9.5 fully Taxable Et Cont In Excess
3.20L 2.50L of 2.5L
701000

SPF ATC RPFAC

Tonable Int 251000 701000 2734
1st Part 2nd Part
rer cont 6140100
re cont
t In Excess
Ere cont to 2.5L 2.5L
up of If ER contribution to MIL In SPF RPF

Int Exemption Ent fully Tonable 2.5 limit Int Exemption

Available
Increased to F 5L
 ee
171601000 71501000

Int Credit In SPF during year Int

g Ere Contribute 71001000 during year to SPF 11901000
ER contribution is Mil ie ER do not contribute In SPF 7150100T
501 SPF D Total 1001 In fund 171601000
op
Interest Credit during year 501000 251101000

cont in Excess
Tonability 501000
of 5L ie a
71001000 Taxable Int 11901000 71501000 56,773
251101000
14,285.71

SPF RPF URPF

g Ere cont In ER cont MA
ERfont excess of Rf cont Soc Dey 014
EE cont to 2.5L 2.5L Inter Ex
up withdr Ex
Op bat 101001000 41901000
contribution during yr ICA
Rf cont 51101000
EE cont 2,501000 21601000

Test MCA LTCM 112A withdrawl

He
solution file stare Mistake 0 631001000
11001000 Ex I

5 1 5 242 ER Contribution
He
242 Ere Contribution
µ
Interest
15L
URPF Tonable v14 Not Tenable as it I
ER Contribute 0000pm 204 s 241001000 Is Already toned Int on
Salary time of Iff ER cont
EE contribute1010009m 204 s 24100,000 Contribution 7.5L 7.5L
15,001000 Interest Credit In 20yrs
631001005 Taxable Taxable
0 4 01H
After 2oyr 63L withdrawl Other Salaries
Salary 701000 Sources
Er Tomasie time of latitudrawl 000
Ere cont No deduction ups soc ie taxable
Int Credit Taxable time
of withdrawl
95
 any
C Dell N S 16 St deg 501000 7510007
Of URPF Treatment Income V H Salary 41361000 41111000
0 H other Sources
61001000 withdraw Int on EE Cont r 601000 601000
Gross Total Income 4,961000 4,711000
014 Salary 1 7 Deel 01s80C DepositIn PPF 401000
ER Cont 2,201000 Total Income 41561000 41711000
Int on ER cont 501000 521701000

014 Other Source

601000
PERQUISITES Additional Benefits facilities provided
Both Monetary as well as Non
by ER to ER
Int on Efe Cont monetary benefits
contribution
Note EE time of telithdrawl No Tose
eg Non Monetary benefit ER Accommodation
facility
can facility
SENA BHAN Total Income furniture facility
Old New
v14 Salary Monetary benefit ER Reimbursement to fee for
Basic 16000 9 11441000 11441000
personal
DA
URPF
8000 9
As discussed Above
Gross Salary
721000
2,701000
4,861000
72000
21701000
4,861000
ftp.ef.EE
Deposit school fees of Son 4501000
Recy reimbursement from ER 501000
9 for

Ace benefit Value

Types ofPuq Tenable In hands of all EEs
Tonable In hands of specified fres
1 Govt EE
fully Exempt perquisites Acc benefit Value licence Value of House
He
Pera Tonable In hands of All Eres Annual Value of House
declared by Govt Hiver
1 Accommodation
facility M.M.M.MN Imp
H 2 Non Gout EE
ER Me EE Ko Rehne Ke Hye Ghar drya
A House owned ER
Rent free Acc benefit Value
by
I Unfurnished House Specified Salary
2 furnished House Concessional Rent Kom Rent Charge Dependpopulation
Kiya
B House is taken on rent
by ER
Perg Value Accommodation benefit Value Ace benefit Value Rent paid by ER
Asset furniture benefit Value or lower
Rent charge Ek 10 salary
 of y
ER recover 5000pm from ft as a rent
Asset furniture benefit Value
A Asset owned ER B Asset Hired leased by ER Accom benefit Value 10 151 1150 00
by Assets benefit Value
Hire Charges paid 501000
10 pra of Cost of Asset by ER owned by ER 1011 52UM 2000
Hired by ER 500pm
Total benefit 21021000
If Any Amount Recovery from EE ie Concessional RentCharge c7 Amt Recovered from fee 5000 12m 601000
He
This deduct from Above benefits
Perg Value 1142000

Calculate Paq from foll what if Above Aee Is taken on rent ER ER

9 Value Infon
rent 101500
by pay
Accom provided to Ere in Delhi Pop 7401
of pm
by Ita
com benefit Value Rent
Salary for purpose of Aee facility is 15L paid by ER 10500 12 11261000
ER providey furniture In the house which Is owned 10 101 152 11501000
ER Cost of furniture 5L
0
of Salary
by W'D v 2 602
Assets benefit Value
1126 8
of furniture owned by ER 10.1 x 52UM
ER providey Ae to see which Is taken on rent
of 4500p Hired by ER 500pm 2000
Umonth Total
total benefit 1,781000 benefit 1,781000
Comm 2000 12 24,000 241000
c7 Amt Recovered from re 5000 12 601000
Ch fd allow 3 150 12m 5400 5,400
Perg Value 11181000
1 1 rex old 2 100 12m 2400 3000
Hostel All 6000
500pm 12m 6000
f Ifx Cold 2500
Meaning of Salary 300pm 121 3600
salary usi period ki consider Ent Allow 500 12 6000 6000
BS Karni hai Tis period Mein Transp Allow 11800 12m 21600 21600
DA RB Mila has Pr Tax paid ER 2400 2400
Comm
apico Accomodation
by Perquisites
Club facility Perquisites 121000
F 121000
Bonus Accom facility May Dec Rentfree Accomm WMI 36900 Hw
fees GrossSalary 4,801300
TaxableAllowances Salary consider Dee
1 7 Deal v12 16
leave freoonment May
duringyear for peng St deal 501000 751000
PT 2400 MA
Ent Allow MA MA
019 Calculation
of Total Income old Mew Income 0 4
Salary UTI 4,271900
1 Deep ups SOC 800
7 NotGiven MA
Old New TI 41271900
Basic Salary 20000 12 21401000 20000
DA 10000 12 11201000 11201000
Bonus 1000 12 12000 12000
we Rent Accommod Calculation of GTI Cold Regime
free 121 25
Salary for R.F.AE
old Regime House Taken On House Owned
135 2401000 Rent ER ER
by by
Rent paidby ER 11000 12 132000 DA RB 1.201 501 601000
or Comm 24,000 Basic 37000pm 12 4,441000 4,441000
Bonus 3.841000
10 ofSalary 101.73691 36900 121000 DA 32000 pmx 12 3184,000
lower 36900 Tonable All 331000 RFAC WM 541450 341100
31691000 HRA March 7000 1m 71000 71000
Gross Salary
1 Dey up 16 st.de 1 95 188.98
Prof Tom Not Given Not Given
HI ICAT 911 14115116117 18 fort Allow MA MA
Pw ill 20 Income w H Salary UTI 8139,450 8 19,100

If Accommodation
facility Apr 2y Feb 25
RFAC B'S 37000 11m 4107,000
Salary for DA RB
Comm bonus
Taxable Allow
4,071000 Job location
A Accommodation Is taken on Rent by ER
Kanpur Fr Delhi
Ace benefit RP ER 101000 11m 11101000 to
by
or Ace facilityProv Acc facility Prov
101 ofsalary ie 101.7407000 401700
401700
by Ef by ER
Lower
Asset 101 150000 11 12 13,750 Ere family FIReside
c 1 Amt Recored from EE Parents wife Child
5411
For first 909 only one Aecom foulity Taxable
B Ace Is Owned by ER Kanpur lower Pua Value
5
of Salary Population upto 151 ie 5 407000 201350 Delhi Taxable
101 pra of cost of Asset in 101 150000 11 12
f After 904 Both Aecom facility Tonable

REAL
hotel Aee Percy Value 2411 of Salary 11201000

Exp Incurred by ER Hotel 1100.000

Lower 11001000
 c 1 Amt Recovered
from Ere 1901000
Taxable pug 601000 car loan 1 7 24 f 10L from ER 3 Int

For taxable not Exceed 159 SBI Can loan 1 7 24 9

stay 1 4 24 8.5
StayReason Transfr from one place to another
Cartoon 117124 from ER of 4 101 3010
pa
eCi htr.fr sRangaiore SBI Int rate 11414 8.50 0
pia

Int free or concessional loan

x.com HDFC
loan
9010 in xs.sn 9112 63750
ICICI 8.5 0 10 22500
B0 s 8.7010 3 41 250
ER Can Loon floc zfp.at 8.9010

Imp s r Perg 10L X 8 590 3010

9 12
9112
41,250 Tenable
Int rate keeps on changing As on 114 Py 101 515

RBI Intrate Repayment

repo rate of loan Pag
Value Calculate on 01s balance
end of each month
T I I Pug value calculate for complete month
Loan
for RR 15L Int free
Bennet 7
EX.LI SB loan 7010 He
No TAX
Month End Of balance
Aug 14 24 71251000 7 25,000 18 47
1112 3625 loan fortreat of des
71001000 7,001000 180 0 2 07 1 12 3500 Mentioned In Rule 3A
Sep
Oct 14 61751000 675000 180 0 20 07 1112 3375
Mov'M 61501000 650000 X S 2 07 1 12 3250
Decay 61251000 625000 X 80 20 0
0 1 12 3125
Jan 25 61001000 600000 18 20 0 1 12 3000
fes 25 5,751000 575000 X 8010 2010 1 12 2875 02 2 Month End 010 bat
March 25 5,501000 550000 18'10 2 10 1 12 2750 April 10L
511001000 25,500 May 102 Peg Value
Shortcut June 101 Monthly SBI ER 1 12
Perg Value Ʃ Monthly010 SB rate Errate 1112 July SL 015501
bat 62 010 4010 1112
5110010004 890 2010 1112
Aug
sep 4 If
251500 Oct 21
Nov March 0
CANCER des.ua Total 01s501 50L
p
 Cost 200 meal
of meal 160 meal EE t child Unummi Ghummi
Recoveryfrom EE wife 2
Singapore
He
Total meals 225 meal
ER spent 51001000
Tickets Food
Taxable both regimes Stay
peg ER 11501000 Ek
recover
f from
Old Pug Value per meal New Tonable Percy 51001000 1.501000 31501000

Cost 200 Cost 200

17 Recover 160 1 7 Recover 160 HOMU Job Altel
He
benefit 40 benefit 40
1 1 40 Exempt Newly well HOMINI
Exempt
40
NI_ Chomu
official Town BHAAD ER spent 601000
both Chomu
Total Pua 225 meal 40
on

CHOMINI Chomini for

9000 Accompany home official town
Udays official
Tour
KR Recoum 6000 from Chomo
Chomu 301000 officialDuty
Tonable Pug KR 601000 Chomini 301000
facility Pera
1 7 Recover 61000

241000 Tenable Pua Gift by ER to EE

Tonable In hands
of Chomu
Always covered Ussery
Not Tonable ps Taxable
is
EE official Tom
for 15days Extend
for Irritation of Efe Ift Money 41ft Always Tonable
Irreop of Ant
Total Amount Spent by ER for 209 F 501000
ER Gift to ft Taxable
ER recovered from EE F 5.000 eg 2000
fully
F
Tonable Peeq 501000 5d vacation 12,500 King Gift Value 4000
Exempt
209 talateh Gift value 5000
Exempt
f 7 Amt Recover 5000 Value 70000
Tonable Pug 7502g I

Er Voc Ant Ree Alternative Alternatives

sp
Icrc officed Tom Gift 7000 7000
Gift
Ant Ree
sp.FM Exempt 5000 11 Exempt MA
As Gift Value
family mems Tonable 2000
It exceed 5000
pre off Tom Eat I CA Alternative An Tonable 7000
Amr Ree H
sp
ICAL MAIN AMS
 ER
TV for use
RE 101 pro of Cost of Asset ie 12000
Ash ᵗ F 20001 Fully Taxable 1 1 Ant Recover
from Er
Cost to ER 112010008
12h value 4000 150pm 12 1800
Kind 41ft water
Exempt lal Div 751000
Perg Value 101200
Recover f 150 pm from Ee

ER er Card by Ef Tenable pro Aeem facility

use
for official purpose Not
laptop Gift ref ka has
for personal purpose Taxable Er Ere
Kind Gift
501000
Ant Recover from furniture RR Ka hai
Spent c
Ek deduct value Exc 5000
1 7 Recover from ft 101000 upto Asset of ER used
Tonable 401000
51C He by fee
Taxable

client Hotel 11001000 Exempt

Foreign Tai Not Taxable
Ere Room book Tai hotel 301000

official Duty Sale

of Movable Asset by RR to fee

fr Cost Asset to ER
Club
facility spent f 5000 pm on
membership of
Recover from re 4 10001 Depreciation of Each completed year
4 Asset use for Tyr 11m
Dep charge 3yr
Taxable 5000 1000 current value
of Asset
peeq 1m
1 1 Amt Recovered rer
f from
Perg Value
ExI used
period Unr Gm
approse
Dep Uyr Cy
Cost Asset to ER 11001000
9 of Cost to ER
F
C 1 351000 41001000
Dep
Asset 651000 1
Value
of Dep 201 WDV

Amt Recovered 401000

c 7
from Rie 42 Dep 201 WDV

Peg Value 251000 43 Dep 2011 WDV

YU Dip 201 WDU

Period 11m 289 Value Can 1 63,840

EX used 1817121 15 7 24 yr of
ie C I Amt Recover EE
Dep charge for cy syr from 751000

F Perg Value
88.8401
Cost to ER 11201000
c 501 601000
Dep Y1 WDV
601000 ER TV Porch 117152 for 11201000
it Is
1 7 Dep 72 507 WDV 301000
During Py 24 25 used by refe from April July
Value
of Computer 301000 on lot 9124 ER sold TV to EE
for 4 250 00
c I Amt Recovery from red 151000
Percy Value 151000 Perg I use
of Movable Asset of ER
by rere
Aplay July 4
1011 Cost Asset 120000 10 4112 4000
pra of of
1 1 Ant recovery from Erc
Tonable 4000
pug
 10 SLM le 55000 10010 3 yr 161500
Dep 0

Ant Ree

Perg 2 Sale Movable Asset ER to Ek

of by
used Period of TV 117122 31 7124 Total Pug 1833 23500 25333

2Yr M

Dep charge Cy ie2yr

1518120 Ms Since then use
by ref use
period UM
Cost
of TV 11201000 118924 Ms sold to EE
1 7 41 Dep 12000
42 Dep
Value Asset
12000
961000
1
He He He
1 s.ee
5
of T 7 1
1 7 Amt Recouney EE 251000 Paw Pun Pun
from usage
Pug Value Pug 21 22 22 23 27 24 UI
711001 20 21

6 22 use Music 4112 1833

of system lapddy 55000 10

Sale Mov Asset 1518120 3117124

of
11m 4159

Cy
Cost 55,000

Int free loan Ʃ Monthly SBI ER 1112

0 0 bat

loan SBI ER 110.5 1112

Morepaym 12 If 51 1 Medical
Facility
10.5 5010 0012 33000
33000 A In India
roERHosp.I
CI.ro
Govt Hosp
facility provided by ER
T re
App Hoop spades to family memb
ro Health Insurance He

A Exempt
Treatment Tonable
Put Put clinic
Any other
facility
Treatment G father Nephew Mein G Children
Hosp

Family mems
spouse Dep Indep
Children Dep Indep Married unmarried

Parents Brother Sister

I
to
Dep Indep
 ER ft Can ER
Exp ER use GE
pay meet bill
for Father
of 11001000
for personal Purp

Father ft Exempt Exp Incurr ER

dip on
FIL by
Father Independ ie ft Tonable Driver
Not dep on
FIL In hands of
Salary
10
pia of cost of car Hire Ch
I
EE
1 7 Ant Recover C7

Paw I
CAR FACILITY
Purpose
A Car by ER Incurred ER
owned
Exp by official
can EE Exp ER use ft
for personal use

EE t
DO
113 am owned
by Exp Incurred by ERC official person Exp Incurr
by ER Petrol R M

Driver salary
Incurr ER
purpose running exp by 10
pia of cost of car Hire Ch
H
N de As it Is not a Peng 1 7 Ant Recover C7

Paw I

use ee head Personal

Ice tree
III Exp th cause te for
to offer
Effected smarcan
mg can Small Car
to
Big car
m from opto 1600C exceed 1600 cc
ftp.lnwrr.by ER ooo
EE or or
Petrol
Ice up to 1.6 to Exceed 1.61hr
Repair Mount
Deemed Drives Sal
personal
exp fixed 800pm 2h00pm
less Deemed official
Driver 900pm 900pm
Can
Exp
fixed 1800pm 2H00pm
Driver fixed 900pm 900pm
Note Any Amt Recovered from ft IGNORE if Run Otp
Cal ER EE less Amt ft 1 7 C 1
use recover
from 00

Taxable
EE
pug of pus use
Can ER can use
for Otp
Khuddam Personal EE met
running Exp
can GE use EE
Exp EE No Pua
Small 600pm Driver 900pm off
Car GE use ft ER
Big 900
pm
Driver 900pm Exp PEYOTE Paw
Car ER More than I can ER
provided by
official Pus Exp GR r Otp Any I can official Personal use
101 pia
HIC
Ree
r
r

G
D
Otp
18004900
2400

Khudd
7900
D creta

Irl Remaining 2
wholly personal
5 600 900
Option Plea options Peia options Paw
D 900 900
Swift OTP Swift P Swift P
Creta P Creta Otp Creta P
Car te CR Hector P
Exp Hector P Hector Otp

off X Pers Exp ER 011 Exp ee r

1 1 Ant Ree 1800120 select
SID option with lower total pug
Dr 9W
Rec re

Car Capacity Not Given Smell

Cam Percy Revise

1 Cam fr use Ef Purpose

117 Minal Not Preau

Petrol RIM Driver salary
2 Personal Exp incur fr
101 pia c one He of car
1 Ant recover from
1

3 Ot P

Driver

aoopm.EE
s
Khuddar
600
Driver 900pm
B 900
 q
Actual Exp Incurred by ER
MO ROK IGNORE
Amt recovered from ft
Can Et use ft Exp fr

b ER can used
117 Mind Not
plea by ff for P
Perg Value 2H00pm 900pm 12 39,600
127 PersonaltMtical Exp lnwrr.by ER
11 S 1800pm
2H00pm C Pera Value 1800 12 211600
Driver 900pm
1 7 Ant recover from ft d Exp Incurred by ER 361000
c 7 Deem Manual Exp 1800 12 211600
1 1 Amt recovered from ft Not Given
137 Personal P Rem D
txpinwrr.FR 14,400
1 1 Amt ree from ft
03 3 Calculation of Income 0 4 Salary new
Basic Salary 22000 12 21641000 21641000
032 107 ER car used for OTP
ft P Tax paid by ER 175 12 900 900
by BF a c Wnt
Peg 131200 131200
Pug 1800 12 211600
by
162600 162600 Petrol R M Driver
Cam
facility WMR
Gross 251000
Salary 4,401700 4140,700 101 pro of CostofCan 401000 301000
1 1 Deel Ufo 16 1 Amt recovered frm EE
St dell 501000 751000 96000 80000 43000
P.to 75pm 25pm X12 1,200 MA
Income v14 Salary 3189,500 3,651700 I consider all Cams Otp

1141 R.FI salary REAL

for 2541000 can 1 2400 900 12 39600
S Car 2 1800 1900 12 32400
Acc benefit 501 DA RB as 3 1800 12 211600
5
of salary 13200 Bonus Comm
2164,000
10 pra of Cost of Asset Tom Allow Steps combinations
1 7 Amt recovery from GE 21641000
Comsat Comsat Comsat
1312dg
can use Perau can use Perou can use Pg
1112 Can facility 1 OTP 39600 1 P 961000 1 P p
2 P 80000 OTP 32,400 2 P 80000
Personal use P P Otp 21600
Sept consider all Cams 3 43000 431000 3
1,621600 1171,400 1197,600
Can Care for 3 CHOSE
Exp Incurred by ER 561000 501000 181000
 401000 1501000
er re imburse Ere sister eel

Education facility In hands all Ere specified As well As other fees

Fully Tenable of
1 ER Training facility ere
g Software Training 3 Education facility to Children
of ft
New law training official Purpose to x u
New Tech Training Scenario I fd Institute FR
or
owned by
fr have Tie with fd Institute
Education facility up
2 er Ere's
familymember
CGI ft Sister Study In college owned managed MPS C EE Is CA Jaypee Cements Et I CA
He
Tonable RR Cost of education
only In case 4 by
fR recover
4 501000pia Fu class 1am Tie up
151000
f 501000 from ft
of spitts Taxable pug 15.000 12th fees
mm
child 42 School child
351000 1,201000

1020 Et pay fees of 50000

2 for education
of40000 Perg Value Cost
of Ed In Similar Institute In some
sister In college FR reimburse 4 locality 11201000
to ft for such education 11 Amt recovered from ft 401000
801000
40000 0000 TY I
all children ie
Ex allowed for
NO Restriction 2child
fully Tonable
of
ER any Institute or NO Tie Re ff Child Education
Co2 Not own
Institute
up with imbursement recy to
He for
any No exemption allowed
Amt spent FR
by 17 fr Re imburse 700pm
ee
800
pm
f Recourse from ft Child fees
Taxable no Exemp
pug He

Reliant Ita
4 5 0
700pm FT
EE is c a Pug Value 11001000
fees c 7 Recover 451000
fEs.no 55ns 031 b
cost of Education 1500pm 3 Child 12 54000
1 1 Recovery 300 3 12 101800
Education facility to Children of ft Taxable 43200
provide
Sea what if ER recover 500
pm from ft for each Child
Facility upto f 1000pm child facility Exceed
F1000pm child Nothing Shall be Tonable
fully exempt to
 ER Incurred 1500
C 7 Recover 500
Transportation facility
benefit per child 1000

fully Exempt Railways Airline RE other here

to
Fully Exempt FMV of Ticket
1 Recounces from
Ere
Taxable
peng
ftto
eg.GR provide
fr
Electricity facility for which MishI peini
pay 11501000
Electricity bill duringPY24 25 It
fr rewuney ft table
f 56000 from Official Purpose
peng
Tonable peng 11501000 56.000
941000

Pw 034135
ICAT 0.7 TYK

Leave Travel Concession Exemption of Holiday facility Exemption limit

section 1015
Queue AIR INDIA
1 Travel by Air
ff Chummi Chummi Khaucha ER Kouta hai
Man Exemp Economy class fare of National
1 Carrier shortest Route
Travel
for
YA Ticket 501000 Eligible for Delhi Job location Vacation 40A
Hotel 501000
stay
Site Seeing 151000 emption
old Reg
Shortest Route Direct
flight GOAT
Delhi
11151000 40001

in block
ft 40f
Delhiff.gg
r
exp.inwrr.tyfR 6000
Exemption Any 2 Journey
ofHe4 Calend year 4000
Exemption
40A Current block Taxable 2000
2022 Holid Facility
Holid Facility ARM 2022 2025 Bus Taxi Personal
2023
Lak
2 Travel
by Any other Mode Railway convey
2024 Holid Facility
2025 Holid Facility Jaipur

claim
Places connected
by Rail lot
Any 2
Journey TC Exemption Max Exemption
route
class Ae
fore for Shortest
Travel expense
 Delhi to Goa
9 1
ft vacation from by Road for Exemption Maximum for km
Iravelled
ER
ftp.lnwrr.by 4 150001 Delhi to had 1368km
He
Railway lot class Al fore Delhi 40A f 35001 1st class Al
Exp Incurr FR 15000 fore
by 3500
Exemption
ER 15000 to ft
Taxable 111502 Pays f for Travel
Delhi to Jaipur
Places Not Rail
ft Travel
1st class Ae
from by Bus 4 5001
Connected
by fore from Delhi to
jaipur 15001

homu ft Delhi Bhaad Tonable Travel benefit

Iran ER Incurr 15000
Reconized Transp System Available Bus c Exemption
I

Yes
Shortest 1
ftp ff tfffff town
500
141500
Route
Deluxe class fore of Maximum Exemption Shall
R.IS Shall eligible be 1st class Al fore
1 spouse
ER 101000 fr Incurr 101000

i
pay 9500 3 Son Age 10Yrs
EE
spent 151000 7 Exemption
Taxable 500
immersive.in child
Max limit 91500 Adapley
5 Father Independ X
lower Exempt 6 Mother Dep on ft

fx Higible ft spouse child Mother

ER Pay 101000 fr Incurr 101000
ft Spent 15000 f 7 Exemption 101000
Exp Inner on
More limit 12000 Ietf
MIL
lower Exempt ITC Exemption 701000 5 Person 501000
spouse II Anya 7 person
ER
EEtfomilymembf Dep.PL BIS Tenable 701000 501000 201000
A TIMING TRIPLICATE
birth After 1 child All child
Heever Multiple eligible
ER Spent 701000 on
Travel of ft
flight Tickets feonomy class on for ITC exemption
family members 1110199 1,15102
 I l
son Thughters
birth

those n
ideation
All children eligible
for ITC Exemption r o.tomLT t.gg
I
111,0199 1,15102
1 Stay foo
all Exp met by tR
Twindaughters
C I LTC Hemp
1,25 If
byn 1110dg
Any child eligible
for LTC Exemption
028 Exemption of lic Is available for travel benefit to
Ef Spouse 2 children However
if there Is multiple
2022 2025
Clf 12026 2029 birth After one child then all children are eligible
44 block I LTC C Y
for Exemption
A 1Journey 21 Cy
or
Therefore In Given lose Exemption shall be Available
NoJourney for ft spouse and all the 3 Children

Hence Entire 601000 Shall be Exempt under

old Telephone allowance f 2000pm ft
regime
Telephone facility Telephone bill Directly paid by FR
As son has taken birth after the birth
029 of Twin daughter or
fx shall be available only for ft spouse
2 children
any fully Exempt first paid by Etr
then Reimbursement
Exempt Yfficial purpose Assume Reef from ER
EE spouse 45000 Taxable Travel
2 Children 101000 He
15000 X 2 3 601000 551000 ICA 04 05 06 TYK
LTC Rx 551000 51000 Pw 030

ER 1000 ER Incur 1000 ER EE e 15000

Erespent f Ex Re imbursen
More limit
lower Exempt
2
fog Ex Available
litany f
Tonable Ʃ
Told
 Mafulity ER Hop
Govt Hosp
App Hosp spades Med
facility exempt ER Hosp
Health Ins pren Gout Hosp Ek t fam member
HP App Hosp sp des
f e
He
Health 1ns prem

ff Govt Hoop f 15
He
Re Imbursey ER 15000 Conveyance allowance official Mature allow
by Except
fx Run Recy 12000
spent for Micial Purpose
lower is Exempt

Tax 12,0
12000

Servant
I
facility Pichhla bhoot Normal
Also feel gaye hai
2 Hoga

Servant Hired servant hired Gt

by by
Ff He Gt Reimbursement
RITTTIMER
Tax In hands of feet as
He Re imbursement Relief up 89
fr Exp Inner Taxable In hands
Arream Tonne Reempt basis
Ant rewum
7 f__ of salary on
Taxable afifg.name
Tis year mein milegi us
ye
tonable hogi

Current Year Salary After Deel ups 16 8,501000 excl Arrear

1 Also
feel Hoga Prov aata had Py 24 25
Par dues Kaine men take if no rohi
hai Reed f 31001000 relate to
Audrey Id
Mormaf
30
2
Tox on TI Include Arrear Suppose Assessee opt 014
regime Income for Py 2253 excluding arrear 61501000
F I 81501000 31001000 111501000
Tax
of T1 22 23
First 102 1112,500
on
of excl arrear

bat 1.501 3011 451000 First 5L 121500

11571500 bat 1.502 2011 30000
4010 42500
1163,800 4010
441202
Til
Tox on
excluding Arrear
Ton Trl 22 23 Ind arrear ie 61501000 31001000 95000
Tax
on
of
on Trl of 8.501000
First 5L 12500 First 51001000 12,500
bat 31501 2011 701000 bat 4,501000 2011 901000
82500 102500
41 411
Tax 85800 10660
liability
Tox Arream In CurrentYear 163800 85800 781000 Tan in PY 22 23 106600 44200 62400
on on Arrear of 31

See Calculate Tax of Cy Including Arrear

Komayi hai 22 23
3100,000
Mili hai 24 25
Steps Calculate Ton of ly Excluding Arrear
A Tax on Arrear In Cy Steps Step 2

Relief up 89 Tax on Arrear Tax on Arrear Steps Calculate Ton

of year to which arrear relates Including
In cy to which it relates Arrear

78000 62400 Stepy calculate ton ofyear to which arrear relates excluding
151602 arrear

Tax
liability for Py 24 25 Tan on Arrear for year to which arrear relates

Tox on Til
Including Arrear 1 63,800
Steps if ASB then
relief allow A B from Step
1 1 Relief 0 0 89 15,6 no
Tax liability 1148120
eg TI Excluding Arrear Arreat
ofsalary
In
for Py 21 22
Py 24 25 121001000 received 24Py
25
 y of y u
22 Incr
Py 21 22 71001000 6 Steps Tom on T1 of Py 21 arrear 72 21 91

Ton on 92 92500
Step Calculate Tax 24 25 Incr Arrear ie 121 21 14L 490

First 10L 11121500

96202
bet 42 301 1,201000
232500
Steps ton on T1
of Py 21 22 end arrear 7L

4 0 Tom on 7L 52500
2,9118 v0.5 41
54,600
Steps Calculate Ton 24 25 Excl arrear ie 12
First 10L 1112500 Tox on Arrear in PY 21 22 Steps Steph
bat 21 3011 601000 41 bro
1172500
4 Sep5 Relief up 89 A B 62400 41600
11791400 20800

A Tax on Arrear In Cy 24 25 ie Steph steps Tax

liability steps 241800
62480 c7 Relay up 89 20800
Tax 2,2110
liability
e em
c
RPF 3
MPS SoccDIr Pera
Irate Super Annuation fund SAF A d to Salary
Retirement fund
RPF MPS SAF Interest Credit
Exempt 1
RPF FR cont both Intribution 0h contribution
upto 1210 0 RBS
0
regime on
MPs fr cont to RBS allowed As deduction
up
under both upto 7.52 In Excess of
regimes 7.52
SAF FR cont to 11501000
up Exempt He
Tonable

Nitin Sir RBS 10 crore Agg upto

12 MRAs 1.20 FR Contribution RPF 91001000

1
pt Interest Credit
ER 10 0 RBS 1 oct MPS ft contribution RPF 9100,000
M balance 11051000
PER SAF 1.502 Taxable 181001000
TAX 2.215 er
free
Tax Implication
balance
opto4.5L 2.215Cr 7.501 1 fr contribution In Excess of 7.51 shall be Treated
S v11
 M
peng As per S 1712
As v11
961001000
ie fr cont 91001000
f 7 fx 71501000 ER Cont to RPF 961 10 0 91601000
000 Pua ft Cont to RPF 961 10 0 91601000
191201000T
Also Int on this 1.501
Shall be Treated As pera
1 FR Cont to RPF In excess of 7.52 ie 9.601 7.501 2.10L

Int Tonable As pug 11051000 150000 8750 2 Int on fr cont In Excess

of 7.5L 1115,200 210000
181001000 19.201000
12600

RPF Closing balance end of yr

Yeast BS 4hpm DA 100 M BS Part of RB
FR Ef both contribute to RPF 101 tDA op balance Tax Exempt
Int credit 41951000 ME 91601000 PCI 210000 750000
during Year 11151200
fR Cont
Calculate Taxable
peng ft Cont 91601000 960000
Interest 11151200TPI 12600 102600
BS MIX 12m 48,001000 Closing bat 2 0r 222600 18126N
DA 1001 MBS 481001000

Suppose there Is No Change In CY LAST Yr Tax Pua

Yeard Salary no change
TP PCI TPI XR
In cont to RPF Taxable
pug R
t on
BS use ER cont g Go Yeah
DA USL ft Cont 91601 PC Current year cont of ER In Excess of 7.5L 2.10L
961 19.201 PC 2 Aug of PC ie 2.101 2
R Interest per rupee of Average fund balance
ie Interest credited
years
l 713 op balance Closingbal 2
op 501 In year
Duringhere 41,4 85
RPF ERR cont PCI Earlier year Cont of ER In Excess of 7.5L 2.101
2035200
19.202 TPI Interest
of Earlier year on cont of fr In Excess
7.5L 12600
222600 Tax 1 Tax of
2035200 PTI 1812600 tx
Years Int 2101 Calculation of Interest Credited In Year 2
191201000 P front 9.601
Et cont 9.601 7511 Closing bat bat fe cont fr cont Interest credited
Op
41,701200 2035200 9,601000 91601000 Interest Credit
41,701200 39155.200 Interest
 Int 4170200 39155,200 22604.40
Int 215000

R Interest Credit Fund Aug Identify fr cont In excess of 7.5L

Fund Cl balance
Aug Sal opisal 2
215000 2035200 4170200
Int on
fgers
cont
PI R PCI TPI R

3102700 last yer Exc cont

ey t
0.069 31102 00 Int

Years Tonable Pug eg Mrix Join Altaf on 1 5 2023

1 FR Cont In Excess
of 7.5L 9.601 7.50L 2.10L tt Is
12 Int on fr cont In Excess of 7.5L RPF balance 31 3 24 2019818005
31 3 25 45,56 060
TP TPI PCI XR
E R t
Calculate Taxable perg up 1712 v11 17 2 Nina
01069 12600 210000 0.069
2102000 for PY 23 24 24 25
ed cont inton Axe cont
7245 15359 40
13584
Year 2023 24

BS March 51711m 551001000 R Interest credit PY 23 24 0.1132

DA
May
100 0
of BS 551001000 Fund Aug Sal PY 23 24 ff f
11101001000
501 1.801 0 2098800
Augbal op
ER RE cont to RPF 90 0 of 1 loer each 2
9,901000 each 10 9.400

1 bat bat ER cont ft cont Int

op
Taxable pong w o 17127 v11 ie excess cont of fR 2098800 0 09,901000 91901000 Int
Int 2098000 1980000 1118800
Peg 9,901000 71501000 21401000

Pera up 17127 Nina ie Int on Excess cont of fr Year Py 24 25

TP PCI TPI XR 1
Pug up 171271 11 ie fr cont In Excess of 7.50L
EXR
2 000 011132 0 to 011132 BS 51 12 601001000
A 1001 BD 601001000
 of 11201001000

ER GE cont to RPF 1.2011 90 0 10,801000 each Int Credit

1 501 op bal t fr cont ft cont Int Cr
Tonable pug 101801000 71501000 3,301000 45,561060 2098800 1080000 1080000 Int
Int 4556060 42 58,8W
2 Paw up 171271 110 int on Excess cont
of FR 297260

TP TPI PCI XR 7.501 Cont Int thereon

EXR ER cont 10,801000 3.30 Cont Int thereon
Exemp
Taxable
0.0893 t 13584 240000 0.0893
330200L Pera
14,734.50 22,645.05 37,379.55 Et Cont 101801000 RPF SPF wale prov mein
I
R Interest Py 24 25
r 297260 010893 Intton Intton bat cont
Fund Aug bot Py 24 25 33,271430 cont upto TInable
2 502
He
Aug bot Cl 801 2098800 4556060
op boy Exempt
2
33 71430

V01 Retirement Retrenchment comp

self

PW 28
Example
35 Question illust

in seen