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1.

Gross Salary Actual


Basic 51600
House Rent Allowance 20640
Conveyance Allowance 2400
Med Reim 3750
Books & Periodicals 1500
Leave Travell Allow 4290
Attire Allowance 3000
Furnishing Allowance 16020
Previous Employer Salary

(a) Salary as per provisions contained in sec. 17(1)


(b) Value of perquisites u/s 17(2) (as per Form No. 12BA, wherever applicable)

(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)
(d) Total
2. Less: Allowance to the extent exempt under section 10
(a) House Rent Allowance 0
(b) Conveyance Allowance 9600
(c) Med Reim 0
(d) Books & Periodicals 0
(e) Leave Travell Allow 17160
(f) Attire Allowance 0

3. Balance(1-2)
4. Deductions:
(a) Entertainment Allowance 0
(b) Tax on employment 2400
5. Aggregate of 4(a) and 4(b)
6. Income chargeable under the head 'salaries' (3-5)
7. Add: Any other income reported by the employee

8. Gross total income (6+7)


9. Deductions under Chapter VIA
(A) Section 24
Gross
amount
(a) Section 24
(B) Section 80
Gross
amount
(a) Section 80C
(i) Contribution To P.F. 24768
(ii) Contribution To F.P.F. 0
(iii) Contribution To V.P.F. 0
(iv) Life Insurance Premium 49190
Total Deductions Under Section 80C
(b) Section 80CCC
(c) Section 80CCD
(C) Chapter VI-A
Gross
amount
(a) Chapter VIA
(D) Section 80
Gross
amount
(a) 80CCE
10. Aggregate of deductible amounts under Chapter VI-A
11. Total income (8-10)
12. Tax on total income
13. Surcharge (on tax computed at S.No.12)
14. Education Cess @ 3.00% on (tax at S.No.12 plus surcharge at S.No.13)
15. Tax payable (12+13+14)
16. Relief under section 89 (attach details)
17. Tax payable (15-16)
18. Less: (a) Tax deducted at source u/s 192(1)

(b) Tax paid by the employer on behalf of the employee u/s 192(1A) on perquisites u/s 17(2)
19. Tax payable/refundable (17-18)
20. Tax per month
Estimated Total
154800 206400
61920 82560
7200 9600
11250 15000
4500 6000
12870 17160
9000 12000
48060 64080
0

412800
0

0
412800

26760
386040

2400
383640

0
383640

Qualifying Deductible
amount amount

Qualifying Deductible
amount amount

24768 24768
0 0
0 0
49190 49190
73958

Qualifying Deductible
amount amount
Qualifying Deductible
amount amount

73958
309682
14968
0
449
15417
0
15417
0

0 0
15417
1713
House Rent Allowance (HRA) Exemption

Inputs
Your basic salary 17,200.00 per month
HRA received from your Employer 6,880.00 per month (usually capped to 50% (metro
Actual house rent paid by you 6,400.00 per month
Do you live in a metro? No (Type Yes if you live in a metro, else

Calculations
Figure #1. HRA received from your 82,560.00
Employer

Figure #2. Actual house rent paid by you 56,160.00


less 10% of your basic salary

Figure #3. 50% (or 40%) of your basic 82,560.00


salary if you live in a metro (or non-
metro)

Allowed HRA Exemption for Income Tax 56,160.00


ly capped to 50% (metros) or 40% (non-metros) of your basic salary)

live in a metro, else No)


1. Gross Salary Actual
Basic 51600
House Rent Allowance 20640
Conveyance Allowance 2400
Med Reim 3750
Books & Periodicals 1500
Leave Travell Allow 4290
Attire Allowance 3000
Furnishing Allowance 16020
Previous Employer Salary

(a) Salary as per provisions contained in sec. 17(1)


(b) Value of perquisites u/s 17(2) (as per Form No. 12BA, wherever applicable)

(c) Profits in lieu of salary under section 17(3) (as per Form No. 12BA, wherever applicable)
(d) Total
2. Less: Allowance to the extent exempt under section 10
(a) House Rent Allowance 0
(b) Conveyance Allowance 9600
(c) Med Reim 0
(d) Books & Periodicals 0
(e) Leave Travell Allow 17160
(f) Attire Allowance 0

3. Balance(1-2)
4. Deductions:
(a) Entertainment Allowance 0
(b) Tax on employment 2400
5. Aggregate of 4(a) and 4(b)
6. Income chargeable under the head 'salaries' (3-5)
7. Add: Any other income reported by the employee

8. Gross total income (6+7)


9. Deductions under Chapter VIA
(A) Section 24
Gross
amount
(a) Section 24
(B) Section 80
Gross
amount
(a) Section 80C
(i) Contribution To P.F. 24768
(ii) Contribution To F.P.F. 0
(iii) Contribution To V.P.F. 0
(iv) Life Insurance Premium 49190
Total Deductions Under Section 80C
(b) Section 80CCC
(c) Section 80CCD
(C) Chapter VI-A
Gross
amount
(a) Chapter VIA
(D) Section 80
Gross
amount
(a) 80CCE
10. Aggregate of deductible amounts under Chapter VI-A
11. Total income (8-10)
12. Tax on total income
13. Surcharge (on tax computed at S.No.12)
14. Education Cess @ 3.00% on (tax at S.No.12 plus surcharge at S.No.13)
15. Tax payable (12+13+14)
16. Relief under section 89 (attach details)
17. Tax payable (15-16)
18. Less: (a) Tax deducted at source u/s 192(1)

(b) Tax paid by the employer on behalf of the employee u/s 192(1A) on perquisites u/s 17(2)
19. Tax payable/refundable (17-18)
20. Tax per month
Estimated Total
154800 206400
61920 82560
7200 9600
11250 15000
4500 6000
12870 17160
9000 12000
48060 64080
0

412800
0

0
412800

26760
386040

2400
383640

0
383640

Qualifying Deductible
amount amount

Qualifying Deductible
amount amount

24768 24768
0 0
0 0
49190 55196
79964

Qualifying Deductible
amount amount

56160
Qualifying Deductible
amount amount

136124
247516
11963 0.05 0.05
0
359
12322
0
12322
0

0 0
12322
1369