Description Gross Exempt Taxable Deduction Under Chapter VI-A Taxable HRA Calculation
Description Gross Exempt Taxable Deduction Under Chapter VI-A Taxable HRA Calculation
Description Gross Exempt Taxable Deduction Under Chapter VI-A Taxable HRA Calculation
Earnings Deductions
Description Rate Monthly Arrear Total Description Amount
Basic 11385.00 11385.00 0.00 11385.00 PF 2234.00
House Rent Allowance 6831.00 6831.00 1139.00 7970.00
Other Allowance 12552.00 12552.00 0.00 12552.00
Statutory Bonus Allowance 2000.00 2000.00 0.00 2000.00
Miscellaneous Allowance 2656.00 2656.00 -1139.00 1517.00
GROSS EARNING 35424.00 35424.00 0.00 35424.00 GROSS DEDUCTION 2234.00
Net Pay : 33190.00 (THIRTY THREE THOUSAND ONE HUNDRED NINETY ONLY)
Income Tax Worksheet for the Period April 2019 - March 2020
Description Gross Exempt Taxable Deduction Under Chapter VI-A Taxable HRA Calculation
Basic 136620.00 0.00 136620.00 Investments u/s 80C Rent Paid 0.00
House Rent Allowance 80834.00 0.00 80834.00 Provident Fund 21167.00 From 01/04/2019
Other Allowance 150624.00 0.00 150624.00 To 31/03/2020
Statutory Bonus Allowance 24000.00 0.00 24000.00 1. Actual HRA 80834.00
Miscellaneous Allowance 33011.00 0.00 33011.00 2. 40% or 50% of Basic 54648.00
3. Rent - 10% Basic 0.00
Least of above is exempt 0.00
Taxable HRA 80834.00