INSUREKOT SPORTS PRIVATE LIMITED TAX FORECASTING FOR MARCH 2025

DOB:30/09/1981
EMPLOYEE:(ISPL15) PRASHANT PANDURANG SHINDE BRANCH:MUMBAI GENDER:M PAN:BHJPS1442K DOJ:27/10/2017
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—————————————————————————————————————————————————————————Actual—————————————————————————————————————————————————————————|
PARTICULARS APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH TOTAL
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BASIC 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 15000 180000
HOUSE RENT ALLO 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 7500 90000
PROFESSIONAL AL 4362 13762 9062 9062 9062 9062 9062 9062 9062 9062 9062 9062 108744
STATUTORY BONUS 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 36000
YEARLY INCENTIV 0 110000 0 0 0 0 0 0 0 0 0 0 110000
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TOTAL EARNING 29862 149262 34562 34562 34562 34562 34562 34562 34562 34562 34562 34562 524744
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PROVIDENT FUND 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 21600
PROFESSION TAX 200 200 200 200 200 200 200 200 200 200 300 200 2500
Labour Welfare 0 0 25 0 0 0 0 0 25 0 0 0 50
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TAX CALCULATIONS NEW REGIME OLD REGIME|INVESTMENTS U/S 80C..........................|TAX CALCULATION ON TAXABLE INCOME.....RS.449744
————————————————— —————————— ——————————PF—DED 21600 | 0— 300000: 300000 x 0% = 0.00
TOTAL EARNING 524744 524744| | 300000— 449744: 149744 x 5% = 7487.20
ADD : PERKS & OTHERS 0 0| |TOTAL (Rounded) = 7488.00
TOTAL GROSS 524744 524744| |LESS SECTION 87A = 7488.00
| |TOTAL TAX = 0.00
LESS: EXEMPTION U/S10/OTHERS 0 0| |
LESS: PROFESSION TAX 0 2500| |
LESS: STANDARD DEDUCTION 75000 50000| |
NET SALARY 449744 472244| |
| |
LESS: HOUSING LOAN INTEREST 0 0| |
LESS: INVEST. U/S 80C 0 21600| |
LESS: INVESTMENTS U/S 80(OTH) 0 0| |
| |
TAXABLE INCOME 449744 450644| |
| |
TOTAL TAX 0 0| |
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TAX APPLIED AS PER NEW REGIME 0 | |
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LESS: TAX DEDUCTED AT SOURCE 0 | |
| |
BALANCE TAX PAYABLE 0 | |
BALANCE NUMBER OF MONTHS 0 | |
MONTHLY TAX 0 | |
Under the New Tax Regime, concessional Tax Slabs are applied but benefit of specified exemptions U/s 10 and deductions under
Section 16 / Chapter VIA are withdrawn.