www.icteducationtools.com IT FY 20 21 R GOPINATH.xlsx

	A	B	C	D	E	F
1	INCOME TAX DETAILS 2020-2021
2	Name:			School Name :
3	SALARY DETAILS				DEDUCTION DETAILS
4	Sl.No	Month	Gross Salary	IT deduction (IT + Cess)	Details	Amount
5	1	Mar-20			Standard deduction	₹ 50,000
6	2	Apr-20			HOUSING LOAN INTEREST
7	3	May-20			Professional tax
8	4	Jun-20			VI B SAVINGS LIC
9	5	Jul-20			CPS CC1B
10	6	Aug-20			NHIS+Medical insurance
11	7	Sep-20			One day pay deduction
12	8	Oct-20			Other deductions
13	9	Nov-20
14	10	Dec-20
15	11	Jan-21			Total	₹ 50,000
16	12	Feb-21			Pay Arrear
17	Total		0	0	Bonus
18
19	Tax Calculation : FY 2020 - 2021
20
21	OLD REGIME				NEW REGIME
22	Total Gross amount			₹ 0	Total Gross amount (Taxable income)	₹ 0
23	Total deduction			₹ 50,000	upto 2,50,000	Nil
24	Taxable Income				2,50,001-5,00,000 (5%)
25	upto 2,50,000			Nil	5,00,001-7,50,000 (10%)
26	2,50,001 - 5,00,000 (5%)				7,50,001-10,00,000 (15%)
27	5,00,001 - 10,00,001 (20%)				10,00,001-12,50,000 (20%)
28	Above 10,00,000 (30%)				12,50,001-15,00,000 (25%)
29					Above 15,00,000 (30%)
30	Total tax			₹ 0	Total tax	₹ 0
31	Edu. Cess (4%)			₹ 0	Edu. Cess (4%)	₹ 0
32	ALREADY PAID			₹ 0	ALREADY PAID	₹ 0
33	OLD REGIME			NO-BENEFIT	NEW REGIME	NO-BENEFIT
34	BALANCE TO BE DEDUCTED AT FEB 2021 SALARY			₹ 0	Balance Tax (Apprx)	₹ 0
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