LTTSL - L&T TECHNOLOGY SERVICES

Income Tax Computation Sheet

Financial Year April 2018 - March 2019 Assessment Year April 2019 - March 2020

Psno. 40002529 For Period January, 2019

Name DAVE VIRAT Designation Senior Engineer

Sex Male Grade LTTS-4

Date of Joining 24-Sep-2018 PAN Number BOFPD0171P

Salary Break Up
EARNINGS Actual Projected Total
BASIC 105833.33 50000.00 155833.33
HOUSE RENT ALLOWANCE 52916.67 25000.00 77916.67
EDUCATION ALLOWANCE 846.67 400.00 1246.67
CONVEYANCE ALLOWANCE 6773.00 3200.00 9973.00
ADHOC ALLOWANCE 150626.23 71162.00 221788.23
316995.90 149762.00 466757.90
Perquisites
OTHER BENEFITS OR AMENITIES

PERKS MEDICAL 7792

TOTAL VALUE OF PERQUISITES 7792.00

Total(Earnings+Perquisites) 474549.90

Exemption Calculation Details (Rs.) (Rs.) (Rs.)

1 GROSS SALARY
SALARY 466758
PERQUISITES 7792
PROFIT IN LIEU OF SALARY
PREVIOUS EMPLOYER INCOME AFTER U/S 10 EXEMPTION
TOTAL 474550
2 HOSTEL EXPENDITURE ALLOW .EXEMP
BOOKS & PERIODICALS BILL
EDUCATION ALLOW.EXEMP
HOUSE RENT ALLOW.
Voluntary Retirement scheme
GRATUITY EXEMPTION
CONVEYANCE ALLOW.EXEMP
LTA
WASHING ALLOWANCE EXEMP
LEAVE ENCASHMENT EXEMP
OTHER EXEMPTION
MONTHLY RENT PAID TO LANDLORD
NO OF CHILDREN
NUMBER OF CHILDREN STAYING IN HOSTEL (MAX 2 CHILD)
TELEPHONE BILLS
TOTAL

3 BALANCE 474550
4 DEDUCTIONS
ENTERTAINMENT ALLOWANCE
STANDARD DEDUCTION 40000
4 STD DEDUCTION & TAX ON EMPLOYMENT 41200
5 AGGREGATE OF 4 41200
6 INCOME CHARGEABLE UNDER THE HEAD SALARIES 433350
7 ADD ANY OTHER INCOME REPORTED BY THE EMPLOYEE
HOUSING LOAN INTEREST 0
BANK INTEREST 0
OTHER INCOME 0 0
8 GROSS TOTAL INCOME 433350
GROSS QUALIFYING
9 DEDUCTIONS UNDER CHAPTER VI-A
A) SECTION 80C, 80CCC, 80CCD
A) UNDER SECTION 80C
LIFE INSURANCE
ESS / MUTUAL FUND
REPAY OF HSG LOAN(PRIN)
NSC - INTEREST
PPF
TUTION FEES
NSS DETAILS
VPF - CONTRIBUTION
BONDS
FD BANK
OTHER CONTRIBUTIONS FOR SEC 88
PF - CONTRIBUTION 18700
NSC DETAILS
LIC/GRPINC 535
SIP - ELSS
US 80CCF-INFRA BOND
SUKHANYA SAMRIDDHI
TOTAL 19235
B)UNDER SECTION 80CCC
C)UNDER SECTION 80CCD
NATIONAL PENSION SCHEME
80CCD(1)
80CCD(1B)
MEDICAL INSURANCE
B) OTHER SECTIONS UNDER CHAPTER VI-A 0 0
US 80CCD(2) EMPLOYER NPS CONTRIBUTION
US 80D MEDICAL INSURANCE 7647 7647
US 80D MEDICAL INSURANCE FOR SR.CITIZEN
US 80DD MAINT. OF HANIDICAP DEPENDENT (SEVERE
DISABILITY, NON SEVERE)
US 80DDB MEDICAL INSURANCE ON SPECIFIED DISEASE
(SR.CITIZEN, OTHER)
US 80G DONATION
US 80E HIGHER EDUCATION (INTEREST ON LOAN ONLY)
US 80U SELF HANDICAP (SEVERE DISABILITY, NON
SEVERE)
US 80EE HOUSING LOAN INTEREST
10 AGGREGATE OF DEDUCTIBLE AMOUNT UNDER CHAPTER VI-A 26882
11 TOTAL INCOME 406468
250000 @ 0% 0
100000 @ 5% 5000
56468 @ 5% 2823.40
12 TAX ON TOTAL INCOME 7823
13 SURCHARGE
13 EDUCATION CESS 313
14 TAX PAYABLE (ROUNDED OFF) 8135
TAX DEDUCTED AT SOURCE U/S 192(1)(TDS & PRV.EMPR IT) 5512
TAX PAID BY EMPLOYER U/S192(1A)ON PERQ U/S17
15 TAX PAYABLE/REFUNDABLE (17-16) 2623
16 PROPOSED MONTHLY (TDS) 1312