1. Employee: Raghunandan Kabra
Date of Joining: 19/01/2015
Calculation Period: February-2015
PAN: BJNPK3682F Tax Category: Men
5418
PAN : AASFM4253F / TAN : PNEM16592C F.Y. : 2014 - 2015 / A.Y. : 2015 - 2016
Totals: 23,071 16,255 39,326
Actual(Rs.) Projection(Rs.) Total(Rs.)1. Gross Salary
Basic 9,794 6,900 16,694
House Rent Allowance 3,917 2,760 6,677
Other Allowance 5,954 4,195 10,149
Conveyance Allowance 1,135 800 1,935
Medical Allowance 1,774 1,250 3,024
L.T.A. Allowance 497 350 847
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Income Tax Calculation Worksheet
02/03/2015 10:13:19 AM 1 2Page ofPrinted On Calculation based on Actual Proofs

2. (Rs.) (Rs.) (Rs.) (Rs.)
1. Gross Salary 39,326
2. Less: Allowances Exempt Under Section 10
a. House Rent Allowance
b. Conveyance
c. Medical Reimbursement
d. Leave Travel Assistance
e. Leave Encashment
f. Gratuity
g. Other Allowances
0
1,935
0
0
0
0
0
Balance (1-2)3. 37,391
Deductions:4.
a. Entertainment Allowance
b. Tax on Employment
0
500
500Aggregate of 4 (a to c)5.
Income chargeable under the head 'Salaries' (3-5)6. 36,891
Any other income reported by the employee7.
0
Gross total income (6+7)8. 36,891
Deductions under Chapter VI-A9.
a. Section 80 G
b. Section 80 GG
c. Section 80 D (Mediclaim)
d. Section 80 U (Handicapped)
e. Section 80 DD (Hand.Depnt.)
f. Section 80 E (Education Loan)
(A) Section 80C, 80CCC and 80CCD
0
0
0
0
0
0
2,003
2,003Aggregate of deductible amount under Chapter VIA10.
0
0
0
0
0
0
2,003 2,003
Gross Amount Qualifying Amount Deductible Amount
34,890Total Income (8-10)11.
Tax on total income12.
a. Provident Fund
b. Life Insurance Premium
c. Public Provident Fund
d. N.S.C. & Interest
e. Housing Loan Principal
f. Children Education
g. Infra.Bonds/ULIP/MFs
2,003
0
0
0
0
0
0
2,003
0
0
0
0
0
0
h. Others 0 0
Total of Section 80C, 80CCC and 80CCD
Less: Rebate Under Section 89 0
0Tax payable and surcharge thereon
13.
0Less: Tax deducted at source till January-2015
17.
0Tax payable/refundable (17-18)
18.
0Tax payable/refundable this month
19.
00
1,935
Employee: Raghunandan Kabra
Date of Joining: 19/01/2015
Calculation Period: February-2015
PAN: BJNPK3682F
+
15. Add: Education Cess 3.00% on (14) 0
14.
0Total Tax Liability (14+15-16)
16.
a. Income from House property
b. Income from other sources
0
0
c. Total [ a to b ]
a. Income Tax: b. Surcharge: c. Education Cess:0 0 0
(a) Section 80 C
(b) Section 80 CCC 0 0
(c) Section 80 CCD 0 0
(B) Other Sections (for e.g. 80E, 80G etc.) under Chapter VI-A
0
0
0
0
0
0
Tax Category: Men
g. Section 80CCF (Infra. Bonds)
h. Section 80D Mediclaim Parents
0
0
0
0
0
0
h. Total [a to g)
5418
0Less: rebate u/s 87A
20.
0
Markets and Markets Ascent Payroll
Income Tax Calculation Worksheet
02/03/2015 10:13:19 AM 2 2Page ofPrinted On Calculation based on Actual Proofs