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Statement of Income from Pay and Allowances for the Financial Year 2018-19
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Name & Designation ( in Block Letter) Mr RAMDHARIDesignationLECTURER (ENGLISH)
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Residential Address
FLAT NO. 234, RAM NAGAR, DELHI
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Mob. No. :-PAN No. :-AGDEG5784W
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Enter Value only in Pink Cell , otherwise formulae will be deleted
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Month & YearPay BandDAHRATADA on TATotalGPFCGEISDHSDHS Arr.I.TAXCessTotal Ded.Net Pay
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Mar, 2018756003780181443600180101304200006065075003002851072794
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Apr, 2018756005292181443600252102888200006065075003002851074378
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May, 2018
756005292181443600252102888200006065075003002851074378
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June, 2018
7560052921814436002521028882000060650075003002851074378
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July, 2018
779005453186963600252105901200006065075003002851077391
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Aug, 2018779005453186963600252105901200006065075003002851077391
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Sept, 2018
779005453186963600252105901200006065075003002851077391
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Oct, 2018779007011186963600324107531200006065075003002851079021
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Nov, 2018
779007011186963600324107531200006065075003002851079021
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Dec, 2017779007011186963600324107531200006065075003002851079021
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Jan, 20197790070111869636003241075312000060650002071086821
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Feb, 20197790070111869636003241075312000060650002071086821
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TOTAL92560071070222144432003312126532624000072078000750003000326520938806
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DA -14536216475204752
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DA -24674216489004890
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Bonus6908690806908
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T. Fee2475024750024750
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Arrear950000950009500285978585215
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Others000
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G.TOTAL1052258802802221444320037441401626240000720780008450032853363051065321
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Total Pay
925600LessStandard Deduction40000
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DA84024Total Salary1361626
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Total1009624Actual Rent Paidwww.myedudel.blogspot.com DELHI SCHOOL TEACHERS FORUM
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HRA Rent Receipt:-20000x12=240000100962139038
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#REF!
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Rate of Income Tax for the Financial Year 2018-19 (Assessment Year 2019-2020)
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TAXABLE INCOMETAX RATE (Rs. 2500 Tax Rebate, If taxable Income less than Rs. 3,50,000)
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Senior Citizen ( 60 to 80 Years)Others
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Upto Rs. 2,50,000/-NilNil
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Rs.2,50,001 to Rs.3,00,000Nil5% of Income exceeding Rs.2,50,000
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Rs.3,00,001 to Rs. 5,00,000 www.myedudel.blogspot.com5% of Income exceeding Rs.2,50,000Rs. 2500 +5% of income exceeding Rs.3,00,000
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Rs.5,00,001 to Rs. 10,00,000Rs. 10,000 +20% of income exceeding Rs.5,00,000Rs. 12,500 +20% of income exceeding Rs.5,00,000 www.myedudel.blogspot.com
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Rs.10,00,001 and aboveRs. 1,10,000 +30% of income exceeding Rs.10,00,000Rs. 1,12,500 +30% of income exceeding Rs.10,00,000
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Health & Educational Cess @ 4% of Income Tax is to be levied in all cases.
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Dated:01/01/2019#REF!Signature of official
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DesignationLECTURER (ENGLISH)
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Proforma for Calculation of Income Tax for the Financial Year 2018-19
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IName & Designation ( in Block Letter)RAMDHARILECTURER (ENGLISH)
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a) Total Income from salary Rs.1361626
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b) Income from house property Rs.0
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c) Income from other sources Rs.0
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TOTAL INCOMERs.1361626
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d) Exemption of HRA:
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(i) Actual HRA Received or222144
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(ii) Rent paid in excess of 10% of salary or139038Rs.139038
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(iii) 50% of salary504812
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BALANCE TOTAL INCOMERs.1222588
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LESS Interest Paid on House Loan
Rs.
0
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Rs.1222588
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IIDeductions admissible :
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1. Under 80C, 80CCC, 80CCD ( Limited to Rs. 1,50,000/-)
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(a) GPFRs.240000
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(b) PPFRs.0
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(c) LICRs.0
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(d) NSC + InterestRs.0
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(e) ULIPRs.0
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(f) Repayment of HBARs.0
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(g) UTGEGISRs.720
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(h) TUITION FEESRs.0
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(i) MUTUAL FUNDRs.0
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(j) Payment of Annuity plan/RDRs.0
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(i) Postal Life InsuranceRs.0
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(Total Amt. of Sec. 80C, 80CCC & 80CCD should be limited to 1.5 Lac)240720150000
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4. Subscription to long term infrastructure bonds max.Rs.20000/-Rs.0
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5. Tuition Fees Exception @ 100 PM per childRs.1200
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6. Handicapped dependent--(Max.50,000/1,00,000) Sec.80DDRs.0
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7. Medical Treatment- as specified in the rules Sec.80DDERs.0
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8. Education Loan- as specified in the rules Sec. 80ERs.0
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9. Donations for Charitable purposes- taken into A/c by DDO( Sec. 80G)Rs.0
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10. Handicapped Assesses-- maximum of Rs. 50000/100000 (Sec. 80U)Rs.0
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TOTAL DEDUCTION :-Rs.151200
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IIIBALANCE TAXABLE INCOMERs.1071388
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BALANCE TAXABLE INCOME Sec. 288-A (rounded off to nearest TEN Rupees)Rs.1071390
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Total Amount of Tax5%12500
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8213920%100000
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-2000030%21417
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Total Amount of TaxRs.133917
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Add:-Educational Cess 3%Rs.5357
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Total Tax DueRs.139274
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Income Tax already paid84500328587785