GROSS SALARY TAXABLE INCOME

Monthly Yearly (20,596.00)

GROSS SALARY 37,800.00 453,600.00
TOTAL 453,600.00 TAX PAYABLE
(1,029.80)
DEDUCTIONS
PROVIDENT FUND 1600 19,200.00

NET SALARY
NET SALARY 1500 434,400.00

EXEMPTIONS
Insurance (LIC) 40,000.00
medicla 15,000.00
Rent Paid 8333 99,996.00

TOTAL EXEMPTED 154,996.00

TOTAL INCOME
TOTAL INCOME 279,404.00

Upto
Rs. 2,50,000 NIL
Rs. 2,50,001 To 5,00,000 5%
Rs. 5,00,001 To 10,00,000 20% (12,500+20% above Rs 5,00,000)

* Tax rebate of Rs 2500 for total taxable income upto Rs. 3,500,000 (as per 87A)
* To claim HRA submit:
i Rent Reciept
ii Pan of the owner if exceeeds 8333/per month
 Investment Declaration 2018-19
Gross Income
Monthly Yearly
Gross Salary 36,797.00 441,564.00

Total Gross Salary (CTC) 441,564.00

Deductions
PF (Provident Fund) 1766 21,192.00
HRA (Home Rent Allowance)

Sec 80C Insurance Policy (LIC)

2166.667 26,000.00

Tution Fees

4100 49,200.00
Rent Paid 8300 99,600.00
Sec 80D (Medical Claim policy &
preventive health check-up)

Sec 80DD (maintenance including

medical treatment of dependant person
with disability)

Sec 80DDB (medical treatment for

specified diseases or ailments) -
self/dependents
Sec 80E Education Loan

Total Deductions 195,992.00

Total Income
Total Income 245,572.00
after deduction
stment Declaration 2018-19
Gross Income

Remarks

If you live in your own house you cannot claim HRA.

Annual Limit 1.5 Lakh

(Maximum amount eligible for deduction under section 80C &
80CCC categories is Rs 1,50,000)

Children Education Allowance: Rs 100 per month per child up to a

maximum of 2 children
Hostel Expenditure Allowance: Rs.300 per month per child up to a
maximum of 2 children.
The maximum deduction on payments made towards tuition fee can
be claimed up to Rs 1.50 lakh together with the deduction in
respect of insurance, provident fund, pension etc. in a financial year.

Rs 25,000/-

Rs 1,00,000/-

Rs 60,000/-

Only Interest Portion can be included No limit

 ka
12000 10% 1200 12000*10/100
hai ka
1200 12000 10% 1200/12000*100