Income HRA Exemption - Calculation

Fixed Annual Basic 200000 Rent Paid Per month 25,000

Fixed Annual HRA
Fixed Annual Spl Allowance
Annual Variable Income
Any Other Annual Income
Total Income
Category Component
125000
HRA Exemption
150000 Clause Min of A 40% of Annual Basic
200000 B 100% of HRA
100% of Rent Paid -
200000 C 10% of Basic
875000 Exempted Amount

Exemptions
Maximum
Allowable Your Investment
Section Amount Amount
24 200000
80 C 150000
80 CCD 50000
80 D 50000
80 DD 40000
80DDB 125000
80 E
80 EE 50000
80 G
80 U 125000
Total
culation Tax Card
300,000 Taxable income 742,500 Tax Slab 20%

Surcharge Taxable Income

Amount Income Slab Tax% % Raw Tax Tax Rebate Surcharge
Break Up

80,000 0 to 2.5 Lacs 0% 0% 250,000 - - -

125,000 2.5 Lacs to 5 Lacs 5% 0% 250,000 12,500 - -

280,000 5 Lacs to 10 Lacs 20% 0% 242,500 48,500 - -

80,000 10 Lacs to 50 Lacs 30% 0% - - - -
50 Lacs to 1 Crore 30% 10% - - - -
>1 Crore 30% 15% - - - -

Allocated Total Tax

Amount
0 Tax Deduction Per Month
0 Please note that these calculations are not exhaustive and might have a minimal deviation in the actual taxes dedu
0 in your month on month salary. This calculator will give you a rough estimation on the probable taxes that you m
0 incur for the Financial Year (FY) 2019-2020. Also if you earn any income apart from the one mentioned in the inco
section, there might be increase in the income tax amount
0
0
0
0
0
0
0
0%

Cess @ 4% Total Tax

- -
500 13,000

1,940 50,440
- -
- -
- -

63,440

5,287

l deviation in the actual taxes deducted

n on the probable taxes that you might
rom the one mentioned in the income
x amount
Section Provision Exempted Amount
10 (5) Leave Travel Allowance
Sukanya Samridhi Yojana 150000
Life Insurance Premium 150000
Public Provident Fund 150000
Deposit in Post Office Savings Scheme 150000
Deposit in National Savings Scheme 150000
Deposit in National Savings Certificates 150000
5 Years of Fixed Deposit in Schedule Bank 150000
Interest gain on National Savings Certificates 150000
80 C Unit Linked Insurance Plan of UTI/LIC 150000
Housing Loan Principal 150000
Mutual Funds 150000
NHB Scheme 150000
Children Tuition Fees 150000
Other 80C 150000
Equity Linked Savings Schemes 150000
Infrastructure Bonds 150000
PF 150000

80 CCD 50000
National Pension Scheme
Medical Insurance for Parents <60 Years 25000
Medical Insurance for Parents >60 Years 30000
80 D
Medical Insurance for Self, Spouse and Kids 25000
Medical Check Up 5000

80DD 1,25,000
Permanent Physical Disability of Self
80 DDB Medical Treatment for Specified Diseases 40000

80 U 125000
Medical Treatment of handicapped Dependencies
80 E Interest on loan for self higher education 99999999999

80 EE 50000
Additional Interest on Housing Loan
Prime Minister's Relief Fund
National Sports Fund
National Cultural Fund
80 G 100% Exemption
Fund for Technology Development and Application
National Children's Fund
Contribution by Individuals to Political Parties
24 Interest on Housing Loan 20000
Remarks
One month Basic

maximum 1,50,000 under any of the or in combination of the

provisions under Section 80 C

Additional 50,000 exemption if invested in national pension scheme

Either is applicable

Disablement benefit of INR. 75,000 for 40% disability and INR.

1,25,000 for disability greater than 80%

Treatment of Disablement benefit of INR. 75,000 for 40% disability

and INR. 1,25,000 for disability greater than 80%
Unlimited exemption on the interest paid on education loan
In case of first time buyers where property value is less than
50,00,000 and loan saction value is less than INR. 35,00,000

Donations made to any of the specified institutions or political parties

are exempted at 100%, 50%, & 10%of50% (Refer to income tax rules
mentioned on the Indian Income tax department)