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ITC 2024 - Income Tax Calculator | Version 24.4 | Updated on 03-08-2024 | www.muralipanamanna.in | Ph: 97455 13090
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Name :PEN :DA Rate :9
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Designation :PAN :Select HRA Class (A/B/C/D) :D
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Name of Office :Category :Individual(Below 60 Years)EmployeesD - Panchayaths
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Place :Pension Scheme :NPSName of Father
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(A)EARNINGSDEDUCTIONS
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MonthBasic PayDAHRACAOther AllowanceTotalPFGISSLIMEDiSEPLICGPAISNPSTDSTotalEdit DAEdit HRAEdit NPS
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Mar-2401200120000
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Apr-2401200120000
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May-2401200120000
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Jun-2401200120000
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Jul-2401200120000
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Aug-2401200120000
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Sep-2401200120000
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Oct-2401200120000
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Nov-2401200120000
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Dec-2401200120000
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Jan-2501200120000
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Feb-2501200120000
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Total0014400000144000000000000TDS
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a) Festival Allowance/Bonus/Ex-gratia and incentive or any other Allowancesf) Surrender of Earned Leave in Cash
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b) Salary Arrear in Cashg) Surrender of Earned Leave to PFOther
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c) Salary Arrear to PFh) DA Arrear to PFBank
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d) Less Deduction for Excess Pay drawn, Dies non, Etci) DA Arrear in CashDirect
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e) Other Income >
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Total Income (A) + [a+b+c+d+e-f+g]14400
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B) DEDUCTIONSC) SAVINGS ELIGIBLE FOR TAX BENEFIT (80C) - Rs.150000
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Less standard deduction (Maximum 50000) - U/s 16 (iv-a)0General Provident Fund/KASEPF0
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Entertainment Allowance - U/s 16 (iv-b)GIS - Group Insurance Scheme0
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Professional Tax - U/s 16 (iv-c)SLI - State Life Insurance0
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Additional Deduction for NPS-U/s 80CCD (1B) unused portion U/s 80CCD(1) (Maximum Rs.50000)0LIC Premium0
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Housing Loan Interest - Maximum : Rs. 2 Lakh - U/s 24 (Additional Rs. 1.5 Lakh - U/s 80EEA)GPAIS - Group Personal Accindental Insurance Scheme0
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Housing Loan Interest - Addl (from 2016-17 Rs.50000- U/s 80EE , from 2019-20 Rs. 1.5 Lakh - U/s 80EEA)Housing loan Principal (Provide Proof)
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Mediclaim - (Max: Rs.25,000/50000, Parents morethan 60yrs Max: Rs.25000/50000) - (U/s 80D)0PLI - Postal Life Insurance
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Expense on treatment of mentally or physically handicapped dependents (Max. Rs.1.25 Lakh) - (U/s 80DD)Tution Fees
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Expenditure on medical treatment for specified deceases (Max.Rs.1 Lakh) - (U/s 80DDB)NPS-80CCD(1) (Maximum 10% of salary)0
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Educational Loan Interest (U/s 80E)
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Donations to relief Funds and charitable institutions Including CMDRF (U/s 80G)0
(Total 1-11
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Donations to Political Party (U/s 80GGC)(C) TOTAL PERMISSIBLE DEDUCTIONS(Total 1-11 Rs.0)0
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HRA (only in Eligible cases) - U/s 10 (13A)0Calculated HRA Exempt U/s 10(13A)
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Deduction for Person with Disability (Max. Rs.75000 - 40% Disability, Rs.1.25 Lakh - 80% Disability) - (U/s 80U)A) Actual Rent Paid 2024-25
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SB/FD Interest for Individual Maximum Rs.10000 (U/s 80TTA) ; Senior Citizen Maximum Rs.50000 - (U/s 80TTB)B) Actual HRA received for the year 2024-25
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Interest Paid for Electric Vehicle Loan (Maximum : Rs. 1.5 Lakh) - (U/s 80EEB)C) Actual Rent Paid minus 10% of Salary (Basic Pay + DA)
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Allowances Exempted : Section - 10, Etc >D) 40% of the Salary (Basic Pay + DA)
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Total Deductions (B) :0E) (B, C, D) whichever is least is exempted.0
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MEDICLAIM FY 2024-25 CALCULATION
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Self & Family (Excluding Parents)Parents
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Whether any of Your Family Members (Excluding Parents) is Senior CitizenNoWhether any of Your Parent is Senior CitizenNo
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MEDiSEP Premium Deducted from Salary (As per Salary Details)0Mediclaim Policy taken for Parents
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Other Mediclaim PoliciesPreventive Medical Checkup Expenses (Maximum Rs.5000)
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Preventive Medical Checkup Expenses (Maximum Rs.5000)Medical Expenses (Only if icludes Senior Citizen)
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Medical Expenses (Only if icludes Senior Citizen)Total Amount0
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Total Amount0Eligible Amount for Deduction
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Eligible Amount for Deduction0Total Eligible Amount0
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1) Taxable Income (A-Standard deduction-CA) - NEW Regime-606002) Taxable Income (A-B-C) - OLD Regime14400
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ATax on Total income₹ 0Tax on Total income₹ 0
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BTax rebate/Marginal Relief (NEW Regime - Relief for income upto 7 lakh u/s 87A, Rs.20000)0Tax rebate (OLD Regime - Relief for income upto 5 lakh u/s 87A, Rs.12500)₹ 0
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CIncome Tax After Rebate (A-B)₹ 0Income Tax After Rebate (A-B)₹ 0
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DSurcharge [10% of (C) if (1) > 50 lakh; 15% if > 1 crore; 25% if > 2 crore; 37% if>5 crore]₹ 0Surcharge [10% of (C) if (2) > 50 lakh; 15% if > 1 crore; 25% if > 2 crore; 37% if>5 crore]₹ 0
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EEducational cess @4% of [C+D]₹ 0Educational cess @4% of [C+D]₹ 0
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FTotal Tax Payable (C+D+E)₹ 0Total Tax Payable (C+D+E)₹ 0
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GLess: relief for arrerars of salary u/s89(1)(use form 10E)₹ 0Less: relief for arrerars of salary u/s89(1)(use form 10E)₹ 0
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HTotal Tax Due (F-G)₹ 0Total Tax Due (F-G)₹ 0
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ITotal Amount of Tax already Deducted₹ 0Total Amount of Tax already Deducted₹ 0
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JBalance Tax Due (H-I)₹ 0Balance Tax Due (H-I)₹ 0
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KEnter the Number of months remaining till February 2025 0Enter the Number of months remaining till February 2025 0
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LMonthly TDS Amount required₹ 0Monthly TDS Amount required₹ 0
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Best Option is NEW REGIME
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Phone : 9745513090 | Website : www.muralipanamanna.in | Prepared by MURALI PANAMANNA | CLERK | GVHSS KOONATHARA | OTTAPALAM | PALAKKAD
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