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COMPUTATION OF INCOME

21/01/2010
Employee No.& Name : 123/1269 Y V S SASTRY Date o
f Joining: 01/02/1979
Designation/Dept. : MANAGER(ELEC) Accoun
ting Year: 2009-2010
PAN No.,Ward,Circle: AAXPY9080H Assess
ment Year: 2010-2011
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Present Employment Prev. Employment
T O T A L
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1.INCOME UNDER SALARIES P.M. Total Months Total
Rs. Rs.
Basic Salary 10370.00 1,24,440 1,
24,440
House Rent Allowance 4250.00 51,000
51,000
Conveyance 3540.00 42,480
42,480
Medical (Excess of Rs.15000/-) 1250.00 15,000
15,000
Special Allowance 3690.00 44,280
44,280
Children Education Allowance 500.00 6,000
6,000
Bonus/Exgratia
16,997
Leave Encashment
10,370
Leave Travel Allowance

Others

---
------ 3,10,567
2.PERQUISITES
a) Leased Accommodation - a) Actual Rent Paid
- b) 20% of Salary Minimum of (a,b)

b) Free Accommodation (15% of 1-4)

c) Electricity

d) Car

e) Intrest free loan

e) Others

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------

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3.TOTAL (1+2)
3,10,567
4.DEDUCTION UNDER SEC(10)
Actual House Rent Paid
a) Excess of Rent paid over 10% of Salary
b) 40% of Salary
c) HRA Received Minimum of (a,b,c)

Conveyance Allowance

Children Education Allowance (subject to production of bills/evidences)

Leave Travel Allowance (subject to production of bills/evidences)

Medical Expn.Allowed (subject to production of bills/evidences)

Uniform Allowance

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------

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5.GROSS TOTAL INCOME (3-4)
3,10,567
6.DEDUCTION (Under Sec.16(iii))
a) Professional Tax
2,000
---
------ 2,000

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7.INCOME UNDER HEAD SALARIES (5-6)
3,08,567
8.OTHER INCOME REPORTED BY EMPLOYEE
Income from other sources

Less: Housing Interest Paid

Interest on NSC

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------

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9.GROSS TOTAL INCOME (7+8)
3,08,567

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- 2 -

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9.GROSS TOTAL INCOME (7+8)
3,08,567
10.DEDUCTIONS U/C (VI-A)
a) P.F. 88C 14,928
L.I.P.(SSS) 270
L.I.P.(Direct)
P.P.F. 13,632
Housing Principal
National Saving Certificates
Int on NSC (Ltd.12000)
ULIP 27,000
Tution Fees
Others
---------
55,830
b) Contribution Pension Fund 80CCC
---------
55,830 (Ltd.to 100000)
55,830
c) Mediclaim Premium 80D

---
------ 55,830

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11.TOTAL TAXABLE INCOME (R/O TO NEAREST 10) (9-10)
2,52,740

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12.TOTAL INCOME TAX a) 1st Slab 0-160000 Nil
0
b) 2nd Slab 160000-300000 10%
9,274
c) 3rd Slab 300000-500000 20%
0
d) 4th Slab 500000 & Above 30%
0
--
------ 9,274

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13.INCOME TAX PAYABLE
9,274
14.ADD: ED./HED CESS @ 3%
278

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15.TOTAL TAX PAYABLE (13+14)
9,552
16.TAX RELIEF U/S-89(Incl.Educ.Cess)
0
17.TAX PAID SO FAR
1,000

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18.BALANCE TAX RECOVERABLE DURING ACCOUNTING YEAR (15-(16+17))
8,552
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